Public sector lender Canara Bank posted an 8.4 per cent year-on-year rise in net profit to ₹5,175 crore for the second quarter of FY27, while operating profit grew 1.98 per cent to ₹8,758 crore.

The bank’s global business grew 15.88 per cent year-on-year to ₹30.72 lakh crore as of September 30, 2026, driven by a 19.46 per cent increase in global advances to ₹13.75 lakh crore.

Global deposits rose 13.13 per cent to ₹16.97 lakh crore, while global advances rose faster, by 19.46 per cent to ₹13.75 lakh crore. Domestic deposits rose 10.97 per cent to ₹15.48 lakh crore, while domestic advances grew 16.95 per cent to ₹12.65 lakh crore.

Domestic advances grew 16.95 per cent year-on-year to ₹12.65 lakh crore, while domestic deposits increased 10.97 per cent to ₹15.48 lakh crore.

The bank’s retail lending portfolio expanded 31.61 per cent to ₹3.31 lakh crore. Its housing loan portfolio grew 17.35 per cent to ₹1.35 lakh crore. Credit to the retail, agriculture and micro, small and medium enterprises (RAM) segment rose 21.03 per cent to ₹8.12 lakh crore.

Asset quality improved during the quarter. Gross non-performing assets (GNPA) declined to 1.33 per cent as of September 2026, from 1.57 per cent in June 2026 and 2.35 per cent a year earlier. The net NPA ratio fell to 0.30 per cent from 0.36 per cent in the previous quarter and 0.54 per cent in September 2025.

Credit cost stood at 0.47 per cent, while the slippage ratio was 0.58 per cent, improving by 21 basis points and 18 basis points, respectively, year-on-year.

Canara Bank said it had exceeded regulatory targets for priority-sector lending, with such credit accounting for 44.99 per cent of adjusted net bank credit, against the mandated 40 per cent. Agricultural credit stood at 20.61 per cent, above the 18 per cent target.

As of September 30, the bank operated 10,146 branches and 10,764 ATMs and recyclers, including four overseas branches in London, New York, Dubai and GIFT City.

Published on October 14, 2026