Canara Bank532483Banking
Canara Bank posted healthy Q2 earnings with net profit and NII growth, sending the stock up 3.5%
By ScoutQuest · · 1 min read
- Stock move today
- 3.5 percent
- Net profit
- 5,175 crore rupees
- Net profit growth YoY
- 8 percent
- Net interest income
- 11,000 crore rupees
- NII growth YoY
- 20 percent
Heard on business television between 13:46:48 - 13:49:48 IST.
- Net profit rose about 8% year-on-year and 7% sequentially to nearly 5,175 crore rupees.
- Net interest income grew 20% year-on-year and 8% quarter-on-quarter to over 11,000 crore rupees.
- Margins improved by 3 basis points sequentially to 2.55%, cost of deposit stable at 5.27%.
- Operating profit grew just 2% year-on-year as treasury income fell nearly 53% sequentially and 69% year-on-year due to lower gains from investment sales, with bond yield pressure flagged as a risk going forward.
- Advances rose 20%, well ahead of the bank's full-year guidance of 11-12%, while deposits grew 13%; gross NPA fell to 1.33%, net NPA to 0.3%, and 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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