Financial Performance Overview

Canara Bank reported unaudited financial results for the quarter ended June 30, 2026 (Q1 FY2027). The bank showed moderate growth in profitability with significant improvements in asset quality and strong business growth across all segments.

Key Financial Metrics:

  • Net Profit: ₹4,856 Cr, increased by 2.19% Year-over-Year (YoY)
  • Operating Profit: ₹8,636 Cr, increased by 0.96% YoY
  • Fee Income: ₹2,342 Cr, grew by 5.35% YoY
  • Earnings per share: Grew by 2.19%

Business Growth Metrics

Global Business Performance (June 2026 vs June 2025):

  • Global Business: ₹29,05,066 Cr, growth of 14.37% YoY
  • Global Deposits: ₹16,11,685 Cr, growth of 11.63% YoY
  • Global Advances: ₹12,93,381 Cr, growth of 17.97% YoY

Domestic Business Breakdown:

  • Domestic Deposits: ₹14,73,447 Cr, growth of 10.06% YoY
  • Domestic Advances (gross): ₹12,07,087 Cr, growth of 16.95% YoY

Segment-wise Credit Growth:

  • RAM Credit: Growth of 21.20% YoY to ₹7,64,675 Cr
  • Retail Credit: Growth of 35.88% YoY to ₹3,19,893 Cr
  • Housing Loan Portfolio: Growth of 17.85% YoY to ₹1,29,036 Cr
  • Vehicle Loan: Growth of 26.34% YoY

Asset Quality Improvement

The bank demonstrated significant improvement in asset quality parameters:

Non-Performing Assets:

  • Gross NPA Ratio: 1.57% (improved by 112 bps from June 2025, improved from 1.84% in March 2026)
  • Net NPA Ratio: 0.36% (improved by 27 bps from June 2025, improved from 0.43% in March 2026)

Provisioning and Credit Quality:

  • Provision Coverage Ratio (PCR): 94.76% (improved by 159 bps from June 2025, improved from 94.21% in March 2026)
  • Credit Cost: 0.49% (improved by 23 bps)
  • Slippage Ratio: 0.60% (improved by 20 bps)

Capital Adequacy

The bank maintained strong capital buffers:

  • CRAR: 17.17% as of June 2026
  • CET1: 12.91%
  • Tier-I Capital: 2.09%
  • Tier-II Capital: 2.17%

Priority Sector Lending Performance

The bank exceeded all regulatory targets for priority sector lending:

  • Priority Sector: 45.67% of ANBC (against 40% norm)
  • Agricultural Credit: 21.41% of ANBC (against 18% norm)
  • Small and Marginal Farmers: 13.96% of ANBC (against 10% norm)
  • Weaker Sections: 20% of ANBC (against 12% norm)
  • Micro Enterprises: 9.36% of ANBC (against 7.50% norm)
  • Non-Corporate Farmers: 16.84% of ANBC (against 14% norm)

Branch Network and International Presence

As of June 30, 2026, the bank operated:

  • Total Branches: 10,131
  • Rural: 3,211
  • Semi Urban: 3,033
  • Urban: 1,994
  • Metro: 1,893
  • ATMs & Recyclers: 11,047
  • Overseas Branches: 4 (London, New York, Dubai, and IBU Gift City Branch)

The results reflect continued business growth, improved asset quality, and strong compliance with regulatory requirements across all priority sector lending categories.