Archive · 28 Jul 2026
Canara Bank Q1 Profit Rises 2% to ₹4,856 Crore
Canara Bank, a state-owned bank based in Bengaluru, reported a 2% increase in net profit to ₹4,856 crore for the first quarter of the financial year 2027.
The bank's total income also rose to ₹39,684 crore.
The bank's asset quality improved, with gross non-performing assets (NPAs) declining to 1.57% and net NPAs declining to 0.36%.
Provisions for bad loans decreased to ₹1,399 crore, and the provision coverage ratio improved to 94.76%.
Despite these positive indicators, the bank's return on assets declined to 1.04%.
The bank's share price increased by nearly 2% following the announcement of these results.
Canara Bank's net profit rose by 2% to ₹4,856 crore in Q1FY27.
Total income increased to ₹39,684 crore.
Gross NPAs declined to 1.57% and net NPAs to 0.36%.
Provisions for bad loans decreased to ₹1,399 crore.
Return on Assets declined to 1.04% from 1.14%.
- Who
- Canara Bank
- What
- Reported a 2% rise in net profit for Q1FY27
- When
- For the quarter ended June 2026
- Where
- Bengaluru, India
- Why
- Due to increased income and improved asset quality
Positive Financial Performance
Declining Return on Assets
Profit Growth
Positive Financial Performance
Net profit increased by 2% to ₹4,856 crore, indicating strong financial performance.
Declining Return on Assets
Return on Assets declined to 1.04% from 1.14%, showing a weakening return on investments.
Asset Quality
Positive Financial Performance
Gross and net NPAs declined, indicating better loan recoveries and control over stressed assets.
Declining Return on Assets
The decline in Return on Assets suggests potential inefficiencies in asset utilization.
- Net Profit
- ₹4,856 crore
- Total Income
- ₹39,684 crore
- Gross NPAs
- 1.57%
- Net NPAs
- 0.36%
- Provisions for Bad Loans
- ₹1,399 crore
- Provision Coverage Ratio
- 94.76%
- Capital Adequacy Ratio
- 17.17%
- Net Interest Income
- ₹10,215 crore
