More Stories

Informist, Monday, Jul. 27, 2026

 

Please click here to read all liners published on this story

--Canara Bank Apr-Jun net profit INR 48.56 bln 
--Analysts saw Canara Bank Apr-Jun net profit at INR 41.34 bln 
--Canara Bank Apr-Jun total income INR 396.84 bln 
--Canara Bank Apr-Jun net profit INR 48.56 bln vs INR 47.52 bln year ago 
--Canara Bank Apr-Jun total income INR 396.84 bln vs INR 380.63 bln year ago 
--Canara Bank Apr-Jun provisions INR 20.80 bln vs INR 23.52 bln year ago 
--Canara Bank Apr-Jun NPA provisions INR 13.99 bln vs INR 18.45 bln year ago 
--Canara Bank gross NPA ratio 1.57% on Jun 30 vs 1.84% qtr ago 
--Canara Bank net NPA ratio 0.36% on Jun 30 vs 0.43% qtr ago 
--Canara Bank basel III capital adequacy ratio 17.17% on Jun 30 
--Canara Bank provision coverage ratio 94.76% on Jun 30  
--Canara Bank Apr-Jun net interest margin 2.52% vs 2.54% qtr ago 
--Canara Bank Q1 net interest income INR 102.15 bln vs INR 90.09 bln yr ago 
--Canara Bank Apr-Jun cost of funds 4.87% vs 5.09% qtr ago, 5.27% year ago 
--Canara Bank Apr-Jun cost of deposits 5.27% vs 5.54% qtr ago, 5.74% year ago 
--Canara Bank Apr-Jun yield on advances 8.00% vs 8.29% qtr ago, 8.47% year ago 
--Canara Bank Apr-Jun cumulative net interest margin 2.52% vs 2.51% qtr ago 
--Canara Bank Q1 annualised NIM at 2.52% vs FY27 guidance of 2.50%-2.60% 
--Canara Bank Apr-Jun fresh slippages INR 17.81 bln vs INR 21.29 bln yr ago 
--Canara Bank Apr-Jun loan write-offs INR 30.36 bln vs INR 31.15 bln yr ago 

 

By J. Navya Sruthi

 

MUMBAI – Canara Bank's net profit for the June quarter rose marginally on year and beat the Street's view, as interest income rose while provisions fell on a yearly basis. The bank's on-year growth in interest income was at a four-quarter high, which pushed up total income. However, the on-year rise in total expenses limited growth in the bottom line. 

 

The bank's net profit rose over 2% on year and nearly 8% on quarter to INR 48.56 billion in the June quarter. The bank beat analysts' profit estimate of INR 41.34 billion.

 

Canara Bank's interest income rose at a four-quarter high and over 6% on year to INR 329.57 billion in the quarter ended Jun. 30. The total income of the bank rose over 4% on year to INR 396.84 billion.

 

The bank's provisions during the quarter were down nearly 12% on year at INR 20.80 billion. Of total provisions, provisions made for non-performing assets were at INR 13.99 billion, down over 24% on year. The gross non-performing assets ratio was 1.57% as on Jun. 30, down from 1.84% a quarter ago, and the net non-performing assets ratio was 0.36% for the reporting quarter, also down from 0.43% a quarter ago.   

 

Tracking the growth in net profit, shares of the bank were up over 2% from Friday at INR 128.57 apiece on the National Stock Exchange at 1254 IST.

 

The bank's Basel-III capital adequacy ratio was 17.17% as on Jun. 30, up from 17.04% a quarter ago and 16.52% a year ago. Its provision coverage ratio on a standalone basis was 94.76% as on Jun. 30. 

 

Canara Bank's net interest income rose over 13% on year to INR 102.15 billion in the June quarter. Its net interest margin for the reporting quarter was 2.52%, against 2.51% a quarter ago. The net interest margin was in line with the bank's guidance of 2.50-2.60% for 2026-27 (Apr-Mar).  

 

The bank's cost of funds for the June quarter was 4.87%, down from 5.09% a quarter ago and 5.27% a year ago. Its cost of deposits was 5.27%, down from 5.54% a quarter ago and 5.74% a year ago. Deposits of the bank rose nearly 12% on year to INR 16.12 trillion as on Jun. 30 while advances were up nearly 18% on year at INR 12.93 trillion. The bank's credit-deposit ratio was 80.25%, up from 75.93% a year ago and 78.89% a quarter ago. 

 

The bank's yield on advances for the quarter was 8.00% as on Jun. 30, down from 8.29% a quarter ago and 8.47% a year ago. Fresh slippages during the reporting quarter were INR 17.81 billion, down from INR 21.29 billion a year ago. Loan write-offs for the quarter were INR 30.36 billion, against INR 31.15 billion a year ago.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000  

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.