The headquarters of Canara Bank in Bengaluru. The bank’s Net Interest Income (NII) surged 20.4% year-on-year to ₹11,004 crore. | Photo Credit: File photo
Bengaluru-based Canara Bank reported a net profit of ₹5,175 crore for the quarter ended September 30, 2026, marking an 8.4% year-on-year growth from the ₹4,774 crore posted in the corresponding quarter last fiscal.
The bank’s global business grew 15.88% to ₹30.72 lakh crore, driven by a 19.46% increase in global advances to ₹13.75 lakh crore.
During the quarter, core operational strength improved significantly, the bank claimed. Net Interest Income (NII) surged 20.4% year-on-year to ₹11,004 crore. This momentum propelled the public sector lender past a massive systemic boundary, with its total global business growing 15.88% to settle at ₹30.72 lakh crore.
Global advances grew by 19.46% to ₹13.75 lakh crore, while total deposits expanded 13.13% to ₹16.97 lakh crore.
Reflecting on the performance, Brajesh Kumar Singh, Managing Director and CEO of Canara Bank, stated that the bank crossed a very important milestone of ₹30 lakh crore of business in this quarter. “The most heartening to note is our core business — the income from core business, that is net interest income, grew by 20.39%,” he said.
On the asset quality front, the lender stated, its Gross Non-Performing Asset (GNPA) ratio contracted sharply to 1.33%, comfortably beating the bank’s internal guidance of 1.50%. The Net NPA ratio followed suit, dropping to 0.30%.
Published - October 15, 2026 03:33 pm IST