CANBK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Canara Bank reported strong FY26 results with net profit up 12.69% year-on-year to ₹19,187 crore. Global business grew 12.11% to ₹28,06,226 crore, driven by robust 15.30% growth in advances and 9.71% growth in deposits. Retail credit surged 32.93% with housing loans up 17.55% and vehicle loans up 26.33%. Asset quality improved significantly with Gross NPA ratio declining 110 basis points to 1.84% and Net NPA at 0.43%. The Provision Coverage Ratio strengthened to 94.21%. Operating profit grew 5.19% to ₹33,019 crore while fee income rose 8.83% to ₹9,649 crore. The bank declared dividend at 210% of paid-up capital, up from 200% in FY25. CRAR stood at 17.04% indicating comfortable capital position.
Strong all-round performance with double-digit profit growth, improving asset quality, and higher dividend payout signals healthy fundamentals. The strong retail loan growth and fee income indicate diversified revenue streams. Shareholders can expect positive sentiment given the consistent improvement across key metrics.