CBCanara Bank532483Quarterly results

Board approves reviewed results for quarter and half year ended 30.09.2026; standalone net profit ₹ 5,174.76 crore

Board approves the unaudited (reviewed) standalone and consolidated results for the quarter and half year ended 30.09.2026, after Audit Committee recommendation and limited review by the Statutory Central Auditors.

By ScoutQuest · Wed 14 Oct 2026, 12:13 PM IST · 3 min read

Standalone Net Profit (Q2 FY27)

₹ 5,174.76 crore

Total Income (standalone)

₹ 40,931.19 crore

Consolidated Net Profit after Minority Interest

₹ 5,381.59 crore

Board meeting outcome

Canara Bank's Board of Directors met on 14.10.2026 and approved the unaudited (reviewed) standalone and consolidated financial results for the second quarter and half year ended 30.09.2026. The results were recommended by the Audit Committee and have been subjected to a limited review by the Bank's Statutory Central Auditors. Along with the results, the Board took on record the security cover certificate for the quarter, the statement on outstanding defaults on loans and debt securities, related party transactions for the half year, the cash flow statement, and a NIL statement of deviation in the utilisation of proceeds of issue of equity shares and non-convertible debt securities.

Standalone performance, quarter ended 30.09.2026

• Total Income: ₹ 40,931.19 crore
• Net Profit for the period: ₹ 5,174.76 crore
• Amount of Gross Non Performing Assets: ₹ 18,298.95 crore, which is 1.33% of gross advances
• Percentage of Net Non Performing Assets: 0.30%
• Provision Coverage Ratio: 95.34%

Consolidated performance, quarter ended 30.09.2026

• Net Profit after Minority Interest: ₹ 5,381.59 crore

What the notes to the results say

• The Bank transferred the outstanding Investment Fluctuation Reserve balance of ₹ 1936.63 crore to General Reserves during the half year, after RBI discontinued the requirement to maintain an IFR. This is a movement between reserves, not a profit or loss item.
• The Board had, on 29.08.2026, accorded consent for sale of the Bank's stake in Canbank Factors Ltd through transfer of the entire equity shareholding of that company. The transaction is yet to be executed and is subject to necessary regulatory, statutory and legal approvals.
• The Bank redeemed Basel III compliant Tier II Bonds on maturity and issued Basel III AT1 bonds during the quarter and half year.
• For accounts covered under the provisions of the Insolvency and Bankruptcy Code, the Bank is holding a total provision equal to the full outstanding amount.
• For accounts identified under RBI's stressed asset resolution directions, the Bank holds a provision in a small number of accounts, with a reversal made during the quarter.
• Karnataka Grameena Bank, an associate, has assessed additional pension liability and has amortised a part of it; had the entire additional liability been charged as an expense, the consolidated net profit for the half year would have been lower.
• The Bank sold Priority Sector Lending Certificates during the quarter and cumulatively in the financial year, while PSLC purchases during the quarter were NIL.

How to read this

The three things a reader can check here are the profit numbers for the quarter, the NPA ratios (the share of loans that have turned bad), and the provision coverage ratio (how much of those bad loans the Bank has already set money aside for). The reserve transfer and the proposed stake sale are balance-sheet and ownership-related items rather than quarter profit items, and the stake sale is still subject to approvals, so its completion is not assured.

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