Canara Bank Q3 FY26 Net Profit Soars 25.61% to ₹5,155 Crore
Canara Bank's Q3 FY26 net profit surged 25.61% YoY to ₹5,155 crore. Total income grew 10.43% to ₹39,881 crore. Gross NPA decreased to 2.08% and Net NPA to 0.45%. Global business rose 13.23% to ₹27.14 lakh crore. The bank aims for 10.50% global business growth by March 2026.
The substantial increase in net profit and positive performance across various financial and operational metrics are significant positive developments for the bank and its investors.
The bank has reported strong year-on-year growth in net profit, operating profit, and key business metrics like deposits and advances. Asset quality has also shown significant improvement with reduced NPAs.
Canara Bank has announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The bank reported a significant increase in its net profit, which rose by 25.61% year-on-year to ₹5,155 crore for the quarter. Total income for the quarter grew by 10.43% to ₹39,881 crore, while total expenses increased by 8.79% to ₹30,762 crore.
The operating profit for the quarter showed a robust growth of 16.36% year-on-year, reaching ₹9,119 crore. Asset quality has also improved, with Gross NPA declining by 13.59% year-on-year to ₹24,833 crore, resulting in a Gross NPA ratio of 2.08%. Net NPA decreased by 16.75% year-on-year to ₹5,322 crore, with a Net NPA ratio of 0.45%. The Provision Coverage Ratio (PCR) stood strong at 94.19%.
Global business grew by 13.23% year-on-year to ₹27,13,594 crore. Global deposits increased by 12.95% to ₹15,21,268 crore, and global advances grew by 13.59% to ₹11,92,326 crore. The bank also highlighted strong performance in various credit segments, including RAM Credit (up 18.70%), Retail Credit (up 31.37%), and Housing Loans (up 17.58%).
The bank's Capital Adequacy Ratio (CRAR) under Basel III stood at 16.50%, with Common Equity Tier I at 12.37%. The bank has also provided guidance for March 2026, expecting Global Business Growth of 10.50%, Advances Growth of 10%-11%, and Deposits Growth of 9%-10%.
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