Canara Bank532483Banking
Canara Bank posted a healthy Q2 with profit and NII growth but weaker treasury income
By ScoutQuest · · 1 min read
- Net profit
- 5,175 crore rupees
- Net profit growth YoY
- 8 percent
- Net interest income
- 11,000 crore rupees
- NII growth YoY
- 20 percent
- Net interest margin
- 2.55 percent
Heard on business television between 15:46:59 - 15:49:59 IST.
- Net profit rose 8% YoY and 7% QoQ to nearly 5,175 crore rupees
- Net interest income grew 20% YoY and 8% QoQ to over 11,000 crore rupees, with margins up 3bps sequentially to 2.55% and cost of deposits stable at 5.27%
- Operating profit grew just 2% YoY as treasury income fell 53% sequentially and 69% YoY due to lower investment sale gains, with bond yield pressure flagged going forward
- Advances grew 20%, well ahead of the bank's 11-12% full-year guidance, while deposits grew 13%
- Asset quality improved with gross NPAs at 1.33% and net NPAs near 0.3%; RoE at 19% already above the FY27 target of 17%
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Source: Live TV News Channel · 14 Oct 2026
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