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Canara Bank Shares Jump 4 Percent After Q2 Profit Rises 9 Percent And Asset Quality Improves
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CNBC TV18•14-10-2026, 12:28
Canara Bank Shares Jump 4 Percent After Q2 Profit Rises 9 Percent And Asset Quality Improves
- •Canara Bank reported a net profit of 5175 crore rupees for the September quarter, marking a 9 percent increase compared to the same period last year.
- •Net Interest Income or core income saw a strong year-on-year growth of 20.4 percent, crossing 11000 crore rupees.
- •Asset quality showed sequential improvement with gross NPA declining to 1.33 percent and net NPA improving to 0.30 percent.
- •A decline in provisions to 3583 crore rupees also contributed to the enhanced profitability for the quarter.
- •Loan growth for the September quarter reached 13.73 lakh crore rupees, while deposits rose by 13.1 percent year-on-year.
Key Questions Answered
Canara Bank reported a net profit of ₹5,175 crore for the September quarter, representing a 9% increase compared to the ₹4,774 crore reported during the same period last year.
Canara Bank saw an improvement in asset quality on a sequential basis, with Gross NPA improving to 1.33% from 1.57% in June and Net NPA improving to 0.3% from 0.36% in the previous quarter.
Canara Bank's core income, or Net Interest Income (NII), grew by 20.4% year-on-year, crossing the ₹11,000 crore mark to reach ₹11,004 crore compared to ₹9,141 crore in the base quarter.
