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Informist, Thursday, Jan. 29, 2026
 

By Shruti Nair & Gunjan Rajput

 

--Canara Bank Oct-Dec net profit INR 51.55 bln 
--Analysts saw Canara Bank Oct-Dec net profit at INR 50.67 bln 
--Canara Bank Oct-Dec total income INR 398.81 bln vs INR 361.14 bln year ago 
--Canara Bank Oct-Dec net profit INR 51.55 bln vs INR 41.04 bln year ago 
--Canara Bank Oct-Dec provisions INR 24.14 bln vs INR 23.98 bln year ago 
--Canara Bank Oct-Dec NPA provisions INR 16.50 bln vs INR 19.82 bln year ago 
--Canara Bank gross NPA ratio 2.08% as on Dec 31 vs 2.35% qtr ago 
--Canara Bank net NPA ratio 0.45% as on Dec 31 vs 0.54% qtr ago 
--Canara Bank Basel III capital adequacy ratio 16.50% as on Dec 31 
--Canara Bank Apr-Dec net profit INR 146.81 bln vs INR 120.24 bln year ago 
--Canara Bank Apr-Dec total income INR 1.17 tln vs INR 1.05 tln year ago 
--Canara Bank shares at INR 154.07, down 2.3% now vs 0.2?rlier 
--Canara Bank provision coverage ratio 94.19% as on Dec 31 
--Canara Bk: Reversed additional provision INR 1.38 bln in 5 acct on Dec 31 
--Canara Bank global gross advances INR 11.92 tln on Dec 31, up 13.6% on yr 
--Canara Bank global deposits INR 15.21 tln as on Dec 31, up 13% on yr 
--Canara Bank global credit-deposit ratio at 78.38% as on Dec 31 
--Canara Bank Oct-Dec net interest margin 2.45% vs 2.50% qtr ago 
--Canara Bank Oct-Dec net interest income INR 92.52 bln vs INR 91.49 bln yr ago 
--Canara Bank Oct-Dec credit cost 0.64% vs 0.68% qtr ago 
--Canara Bank Oct-Dec fresh slippages INR 18.57 bln vs INR 23.63 bln yr ago 
--Canara Bk retail advances INR 2.73 tln as on Dec 31, up 31.4% on yr 
--Canara Bank Oct-Dec loan write-offs INR 31.20 bln vs INR 38.96 bln year ago 
--Canara Bank shares fall more; at INR 151.10, down 4.2% vs 2.3?rlier 

 

MUMBAI – Canara Bank reported a double-digit year-on-year growth in its net profit for the December quarter, exceeding analysts' estimates. The bank's bottom line benefited from a surge in its other income for the reporting quarter. The public sector bank's net profit for Oct-Dec came in at INR 51.55 billion, up nearly 26% on year and higher than analysts' estimate of INR 50.67 billion. The net profit was up nearly 8% on quarter.

 

The bank's total income was INR 398.81 billion for the December quarter, up over 10% on year. Of this, other income rose over 36% on year to INR 78.99 billion. Interest earned was INR 319.82 billion, up 5.51% on year.  

 

The bank's total expenses were INR 307.62 billion, up 9% on year and nearly 3% on quarter. The bank's operating expenses were INR 80.32 billion, up 13% on year and nearly 6% on quarter. Other operating expenses grew 19% on year and over 12% on quarter. The lender's interest expenses were INR 227.29 billion for the reporting quarter, up more than 7% on year.

 

The bank's net interest income for the December quarter was INR 92.52 billion, slightly lower than analysts' estimates of INR 93.52 billion. The bank's net interest margin was 2.45% for the December quarter, contracting from 2.71% in the year-ago quarter and 2.50% in the trailing quarter. The guidance for the net interest margin is unchanged at 2.75%-2.80% for 2025-26 (Apr-Mar).

 

Notably, Canara Bank's provisions were INR 24.14 billion, up only 0.67% on year, the slowest in last three quarters. Sequentially, provisions grew nearly 3%. The bank's provision coverage ratio was 94.19% on Dec. 31, down 293 basis points on year. 

Canara Bank's Basel III capital adequacy ratio stood at 16.50% as of Dec. 31. The lender's credit cost for Oct–Dec was down to 0.64% from 0.68% in the trailing quarter.

The gross non-performing assets ratio declined to 2.08% in the December quarter from 2.35% in the September quarter. The net NPA ratio fell to 0.45% from 0.54% in the trailing quarter. Loan write-offs during the December quarter declined to INR 31.20 billion from INR 38.96 billion a year earlier. Fresh slippages during Oct–Dec declined to INR 18.57 billion from INR 23.63 billion a year earlier.

Canara Bank's global gross advances rose 13.6% on year to INR 11.92 trillion as of Dec. 31, while global deposits increased 13.0% on year to INR 15.21 trillion. The bank's retail advances rose 31.4% on year to INR 2.73 trillion as of Dec. 31.

For Apr-Dec, the bank's net profit rose over 22% on year to INR 146.81 billion from INR 120.24 billion a year ago. The company's total income for the period rose over 11% on year to INR 1.17 trillion from INR 1.05 trillion. 

Shares of the company ended at INR 150.32, down 4.7% on the National stock Exchange.   End

 

Edited by Vandana Hingorani

 

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