Mumbai, Maharashtra: Public sector lender Canara Bank has announced a robust 21.69% rise in its net profit for the April–June quarter of FY2025–26, clocking ₹4,752 crore in earnings. The sharp uptick underscores the bank’s strong performance in core business segments and improved asset quality.
Strong Double-Digit Growth in Business Parameters
As of June 2025, Canara Bank’s global business reached ₹25.64 lakh crore, reflecting a year-on-year (YoY) growth of 10.98%. The bank’s global deposits stood at ₹14.68 lakh crore, marking a 9.92% YoY increase, while global gross advances rose by 12.42% YoY to ₹10.96 lakh crore.
This significant uptick across all key indicators highlights Canara Bank’s expanding footprint and growing market confidence.
Improving Asset Quality
In a notable achievement on the asset quality front, the Gross Non-Performing Assets (GNPA) ratio dropped to 2.69% in June 2025, down from 2.94% in March 2025 and a steeper 4.14% in June 2024.
Similarly, the Net Non-Performing Assets (NNPA) ratio improved to 0.63%, a reduction from 0.70% in the previous quarter and 1.24% a year ago. The Provision Coverage Ratio (PCR) also showed an upward trend, reaching 93.17% as of June 2025, compared to 92.70% in March and 89.22% in the corresponding period last year.
Also Read: Q1 FY26 Results: Indian Bank Delivers Robust Results with ₹2,956 Crore Net Profit
Market Reacts Positively
Canara Bank’s Q1FY26 performance buoyed investor sentiment, with its stock price rising by 4.82% to ₹113.00 on the BSE.
The bank’s consistent improvement in profitability, asset quality, and provisioning strength signals a resilient and forward-looking operational strategy going into the remainder of FY26.
About Canara Bank
Canara Bank is one of India’s largest public sector banks, founded in 1906 in Mangalore by Mr. Ammembal Subba Rao Pai. It was nationalized in 1969 and has grown into a major financial institution with a vast network of branches and ATMs across India and abroad. Canara Bank is known for its customer-centric approach and its commitment to social responsibility. Established in 1906 as the Canara Hindu Permanent Fund, it was later renamed Canara Bank Ltd. and nationalized in 1969. It is a government-owned bank, with the Government of India holding a majority stake.
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