Canara Bank reports Net Profit of Rs.19,187 crore for FY26

Canara Bank – a leading public sector bank in India has released its financial results for FY 2026. The Bank has reported net profit of Rs.19,187 crore for FY 2026.

• Global Business stood at ₹ 28,06,226 Cr, grew by 12.11%.
• Global Deposit stood at ₹ 15,68,678 Cr grew by 9.71%.
• Global Advances stood at ₹12,37,548 Cr, grew by 15.30%.
• RAM Credit grew by 19.73%.
• Retail Credit grew by 32.93% with Housing loan growth at 17.55% and Vehicle loan at 26.33%.
• Fee Base Income stood at ₹ 9,649 Cr grew by 8.83%(y-o-y).
• Operating Profit for the year stood at ₹ 33019 Cr up by 5.19%
• Net Profit for the year stood at ₹19187 Cr up by 12.69%.
• Provision Coverage Ratio (PCR) at 94.21% improved by 151bps.
• Earnings per share grew by 12.68%.
• Gross NPA Ratio stood at 1.84%, improved by 110 bps.
• Net NPA Ratio stood at 0.43%, improved by 27 bps.
• Credit Cost stood at 0.59% improved by 33 bps.
• Slippage Ratio stood at 0.69% improved by 21 bps.

Business

• Global Business increased by 12.11% (y.o.y.) to ₹28,06,226 Cr as at March 2026. Global Deposits increased by 9.71% (y.o.y.) to ₹15,68,678 Cr and Global Advance (gross) increased by 15.30% (y.o.y.) to ₹12,37,548 Cr.
• Domestic Deposit of the Bank stood at ₹14,36,905 Cr as at March 2026 with growth of 7.95% (y.o.y.).
• Domestic Advances (gross) of the Bank stood at ₹11,61,143 Cr as at March 2026 grew by 15.12% (y.o.y.).
• RAM credit increased by 19.73% (y.o.y.) to ₹7,30,520 Cr.
• Retail lending Portfolio increased by 32.93% (y.o.y.) to ₹2,96,912 Cr.
• Housing Loan Portfolio increased by 17.55% (y.o.y.) to ₹1,24,799 Cr.

Asset Quality

• Gross Non-Performing Assets (GNPA) ratio improved to 1.84% as at March 2026 reduced from 2.08% as at December 2025, 2.94% as at March 2025.
• Net Non-Performing Assets (NNPA) ratio improved to 0.43% as at March 2026 reduced from 0.45% as at December 2025, 0.70% as at March 2025.
• Provision Coverage Ratio (PCR) stood to 94.21% as at March 2026 against 94.19% as at December 2025, 92.70% as at March 2025.

Capital Adequacy

• CRAR stood at 17.04% as at March 2026. Out of which CET1 is 12.44%, Tier-I is 14.59% and Tier-II is 2.45%.

Priority Sector & Financial Inclusion

• The Bank has achieved Targets in Priority Sector at 43.71% and Agricultural Credit at 19.52% of ANBC as at March 2026, as against the norm of 40% and 18% respectively.
• Credit to Small and Marginal Farmers stood at 12.55% of ANBC, against the norm of 10.00%.
• Credit to Weaker Sections stood at 18.65% of ANBC, against the norm of 12.00%.
• Credit to Micro Enterprises stood at 9.37% of ANBC, against the norm of 7.50%.
• Credit to Non-Corporate Farmers stood at 15.10% of ANBC, against the norm of 14.00%.

Network

• As on 31.03.2026, the Bank has 10097 Number of Branches, out of which 3200 are Rural, 3025 Semi Urban, 1987 Urban & 1885 Metro along with 11306 ATM & Recycler. Bank is also having 4 Overseas Branches in London, New York, Dubai & IBU Gift City Gujarat.

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