Outcome of Board Meeting - Integrated Filing (Financial) - Audited Financial Results (Standalone & Consolidated) for the Fourth Quarter / Financial Year ended 31.03.2026
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Canara Bank reported standalone net profit of Rs 19,186.67 crore for FY2026, up 12.7% from Rs 17,026.67 crore in the previous year. Total income grew to Rs 1,53,204.21 crore from Rs 1,42,207.87 crore. The bank achieved improvement in asset quality with gross NPA reducing to 1.84% from 2.94% and net NPA down to 0.43% from 0.70%. Capital adequacy remains strong at 17.04% with CET1 ratio of 12.44%. The board recommended dividend of Rs 4.20 per share (210%) for FY2025-26. Key corporate actions include divestment of stakes in Canara Robeco AMC and Canara HSBC Life Insurance through IPO listing. Auditors issued an unmodified (clean) opinion on the financial statements.
Strong financial performance with double-digit profit growth, improved asset quality, and dividend payout signals healthy fundamentals for shareholders. The clean audit opinion removes any concerns about financial reporting integrity.