Business · Companies · 1 hr ago
Canara Bank’s second-quarter profit rises 8.4% to ₹5,175 crore
State-owned Canara Bank’s profit rose 8.4% in the second quarter of FY27, reaching ₹5,175 crore compared with ₹4,774 crore a year earlier.
The Indian lender’s core income from lending increased 20.4% to ₹11,005 crore, and its net interest margin rose to 2.6% from 2.5% in the previous quarter.
Losses tied to rising bond yields limited the earnings gain, the bank said.
Its gross share of loans classed as non-performing fell to 1.3% at the end of September, down from 1.6% three months earlier and 2.4% a year earlier.
Lower non-performing loans reduced provisions to ₹1,782 crore, compared with ₹2,354 crore a year earlier.
Global deposits rose 13.1% to ₹17 lakh crore, supported by foreign-currency deposits through a Reserve Bank of India window; the bank gave no further plans or next steps.
Canara Bank’s net profit rose 8.4% year on year to ₹5,175 crore in the second quarter of FY27.
Higher core income and improved asset quality supported the increase, while mark-to-market losses amid rising bond yields weighed on earnings.
Net interest income rose 20.4% to ₹11,005 crore, while non-interest income fell 18% to ₹5,772 crore.
The bank’s gross non-performing assets ratio improved to 1.3% at the end of September, from 2.4% a year earlier.
- Who
- Canara Bank, a state-owned lender.
- What
- It reported an 8.4% year-on-year rise in second-quarter net profit to ₹5,175 crore.
- When
- The second quarter of FY27; figures were reported on October 15, 2026.
- Where
- Not stated.
- Why
- Improved asset quality and higher core income helped profit rise, while mark-to-market losses amid a surge in bond yields weighed on earnings.
This story does not have two clearly opposing sides.
Canara Bank reported net profit of ₹4,774 crore.
The bank’s gross non-performing assets ratio was 1.6%.
The gross non-performing assets ratio stood at 1.3%, and global deposits reached ₹17 lakh crore.
Net profit rose to ₹5,175 crore, up 8.4% year on year.
- Net profit
- ₹5,175 crore
- Year-on-year profit growth
- 8.4%
- Net interest income
- ₹11,005 crore, up 20.4%
- Gross non-performing assets ratio
- 1.3% at the end of September
- Global deposits
- ₹17 lakh crore at the end of September