Canara Bank532483Banking
Canara Bank reported healthy Q2 results with net profit up 8% YoY and improving asset quality, though treasury income fell sharply
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 around 8% YoY and 7% sequentially to nearly 5,175 crore rupees
- Net interest income grew 20% YoY and 8% QoQ to over 11,000 crore rupees
- Margins improved by three basis points sequentially to 2.55% while cost of deposits stayed stable at 5.27%
- Operating profit grew just 2% YoY as treasury income fell nearly 53% sequentially and 69% YoY due to lower gains from investment sales
- Advances rose 20%, well ahead of the bank's full-year guidance of 11-12%, while deposits grew 13%
- Gross NPAs declined to 1.33% and net NPAs to around 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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