In the first quarter of Financial Year (FY26), Canara bank reported impressive financial results. (Photo: Social)
In the first quarter of Financial Year (FY26), Canara bank reported impressive financial results. It showed a net profit rising by 21.69% YoY. The profits are driven by significant growth in both loans and deposits. The bank’s global business stretched ₹25.64 lakh crore for the period ending 30th June 2025. There is a rise of 10.98% compared to the same Quarter last year.
Important financial highlights comprise of a 12.42% growth in gross advances, which stood at ₹10.96 lakh crore. However, global deposits growth increased to 9.92% contributing ₹14.68 lakh crore. Retail lending appeared to be a standout performer with the portfolio mounting by 33.92%. Due to a significant increase in housing and vehicle loans, it has added up to 13.92% and 22.09%, respectively.
There was an extraordinary development in bank’s provision coverage ratio (PCR) which has reached 93.17%. On the other hand, there was a significant decline in the gross non-performing asset (GNPA) ratio to 2.69%, compared to 4.14% in June 2024. It further highlights the bank’s strong asset quality.
Capital adequacy of the bank remained healthy, with a capital-to-risk-weighted assets ratio (CRAR) of 16.52%, and a CET-1 ratio of 12.29%. It further positions the bank well for future growth and stability.
The bank has shown a strong result across various segments and continues to sustain a positive outlook for the rest of FY26. It is driven by its ongoing focus on retail and priority sector lending.
Also Read: Infosys Q1 Profit Soars 8.6%: What’s Driving The Surge In Enterprise AI And Big Deal Wins?
Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
He is committed to entrenched data, facts, research, solutions, and a dedication to value-based journalism. He has covered trade tariff wars, international alliances, corporate policies, government initiatives, regulatory developments, along with micro- and macroeconomic shifts impacting global fiscal dynamics.
IND vs NZ: Arshdeep Singh Roasts Shivam Dube Over Sixes and Paneer Diet After 4th T20I | Watch Video
In the viral video, Arshdeep singh made a jab at Shivam Dube, which specifically connected…
London Metal Exchange Faces One-Hour Glitch as Copper, Gold, and Silver Prices Plunge
The London Metal Exchange faced a one-hour trading glitch, causing copper, gold, and silver prices…
Salman Ali Agha stated that he would stay at No. 3 for the remainder of…
