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Quarterly Results

CANBK · Canara Bank · NSE · Filed 27 Jul · 1 min read

Canara Bank Q1 FY27 Net Profit ₹4,856 Crore as Gross NPA Ratio Narrows to 1.57%

The public-sector lender said global business grew 14.37% year-on-year while its gross NPA ratio improved to 1.57% for the quarter ended 30 June 2026.

What was filed

Canara Bank released a press release on its unaudited (reviewed) standalone and consolidated financial results for the quarter ended 30 June 2026, filed under Regulation 30 of SEBI's LODR framework. The disclosure sets out the bank's business growth, earnings, asset quality and capital position against the year-earlier quarter.

Growth led by advances, earnings broadly flat

The bank said growth in the quarter was driven more by lending than by deposits, with global advances rising faster than global deposits year-on-year. Within advances, it flagged strong momentum in retail credit and RAM (retail, agriculture and MSME) credit. Against that expansion, operating profit and net profit were close to flat versus the same quarter a year earlier, each rising by roughly a percentage point or less, as shown in the key figures.

Asset quality and capital

The bank reported continued improvement in asset quality, with both the gross and net NPA ratios lower than at March 2026 and materially lower than a year earlier, while the provision coverage ratio edged higher. Capital adequacy (CRAR) stood at 17.17%, of which CET1 was 12.91%. The bank also said it exceeded regulatory norms on priority-sector and agricultural lending, and operated 10,131 branches and four overseas branches as at 30 June 2026.

Gross NPA Ratio (Jun
2.69% → 1.57%Q1 FY26 → Q1 FY27−42%
Net NPA Ratio (Jun
0.63% → 0.36%Q1 FY26 → Q1 FY27
Global Business
₹29,05,066 Cr
Global Deposits
₹16,11,685 Cr
Global Advances (gross)
₹12,93,381 Cr
Net Profit
₹4,856 Cr
Operating Profit
₹8,636 Cr
Fee Income
₹2,342 Cr
Provision Coverage Ratio
94.76%
CRAR
17.17%
CET1
12.91%
Retail Credit growth (YoY)
35.88%
Branches
10,131

‡ Computed by us from the filing’s own figures — not a company-stated number.

For a holder, the quarter shows continued balance-sheet growth and steadily improving asset-quality metrics, though the bank disclosed only modest year-on-year gains in operating and net profit. These are unaudited (reviewed) figures.

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