Mumbai: Public sector lender Canara Bank has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board approved the results in a meeting held on May 11, 2026, and recommended a dividend of ₹4.20 per equity share.
Net Profit Rises 12.7% in FY26
The bank reported a strong annual performance:
- Net Profit: ₹19,187 crore (up 12.7% YoY)
- Profit Before Tax: ₹24,907 crore (up 10.1% YoY)
- Total Income: ₹1,53,204 crore (up 7.7% YoY)
- Earnings Per Share: ₹21.15
- Return on Assets: 1.10%
Q4 FY26 Performance Snapshot
In the fourth quarter of FY26:
- Net Profit: ₹4,506 crore
- Profit Before Tax: ₹5,766 crore
- Total Income: ₹36,662 crore
- Net Profit Margin: 12.29%
However, market reaction remained cautious as the stock saw pressure after results.
Dividend Announcement for Shareholders
The Board has recommended a 210% dividend (₹4.20 per share) on face value of ₹2, subject to approval at the Annual General Meeting.
Strong Improvement in Asset Quality
The bank reported significant improvement in asset quality:
- Gross NPA: 1.84% (down from 2.94%)
- Net NPA: 0.43% (down from 0.70%)
- Provision Coverage Ratio: 94.21%
Strong Capital Position Under Basel III
- Capital Adequacy Ratio (CRAR): 17.04%
- CET-1 Ratio: 12.44%
- Tier 1 Strength: 2.15%
Business Growth in Deposits and Advances
- Global Deposits: ₹15,68,678 crore (up 9.7%)
- Global Advances: ₹12,20,017 crore (up 16.3%)
- Domestic Deposits: ₹14,36,905 crore (up 7.95%)
Segment-Wise Performance
- Retail Banking: ₹69,000 crore revenue
- Wholesale Banking: ₹50,504 crore
- Treasury Operations: ₹33,700 crore
Key Strategic Developments
- Listing of subsidiaries Canara Robeco AMC and Canara HSBC Life Insurance on stock exchanges
- Reduced stake in subsidiaries with profit of ₹1,930 crore
- Amalgamation of RRBs into Karnataka Grameena Bank
- Bond issuances worth ₹8,500 crore and redemptions completed
Stock Reaction
Following the results, Canara Bank shares declined by around 3.83% to ₹129.17, reflecting investor caution despite strong annual profit growth.
About Canara Bank
Canara Bank is one of India’s leading public sector banks with a strong presence in retail, corporate, and treasury banking. It plays a key role in financial inclusion and credit expansion across the country, while maintaining strong asset quality and capital adequacy under Basel III norms.
Read also: NLC India Partners with Canara Bank to Launch Custom Payroll Package for Employees
