Canara Bank Q2 profit rises 8.4% to ₹5,175 crore; total business passes ₹30 lakh crore
Canara Bank reported a standalone net profit of ₹5,175 crore for July to September 2026, up 8.4% from ₹4,774 crore a year earlier. Its deposits plus loans stood at about ₹30.7 lakh crore on 30 September 2026.
Canara Bank, a government-owned bank, reported a standalone net profit of ₹5,175 crore for the quarter ended 30 September 2026 (July to September, the second quarter of the financial year 2026-27, or Q2 FY27). That is 8.4% more than the ₹4,774 crore it reported for the same quarter a year earlier. In a separate provisional update to the stock exchanges, the bank said its global business, meaning all its deposits plus all its loans in India and abroad, was ₹30,70,928 crore on 30 September 2026, which is more than ₹30 lakh crore. Both sets of figures are as reported by the bank and carried by news outlets.
Key terms
- Net profit is the profit left after all expenses, provisions and tax.
- Standalone means the bank’s own accounts only, without its subsidiaries.
- Net interest income (NII) is the interest a bank earns on loans and investments minus the interest it pays on deposits and borrowings.
- Operating profit is profit before money is set aside for bad loans and other contingencies.
- Gross NPA is the share of loans on which borrowers have stopped paying on time (a non-performing asset). Net NPA is the same share after subtracting the money the bank has set aside against those loans.
- Global business is global deposits plus global advances (loans). One lakh crore is ₹1,00,000 crore, or ₹1 trillion.
Q2 FY27 results
Amounts are in ₹ crore and are as reported; percentage changes are this site’s arithmetic, rounded to one decimal place.
| Metric | Q2 FY27 | Q2 FY26 | Change YoY |
|---|---|---|---|
| Net profit | 5,175 | 4,774 | +8.4% |
| Net interest income | 11,005 | 9,141 | +20.4% |
| Operating profit | 8,758 | 8,588 | +2.0% |
| Provisions for bad loans | 1,339 | 1,504 | -11.0% |
| Total income | 40,931 | 38,598 | +6.0% |
YoY means year on year: compared with the same quarter a year earlier (July to September 2025). Business Standard reported that net profit was 6.6% above the ₹4,856 crore of the previous quarter (April to June 2026); on the figures here, 5,175 against 4,856 is +6.6%. The same report said treasury income, meaning profit from selling investments, fell sharply from a year earlier.
Asset quality, as of 30 September 2026
As reported, gross NPA was 1.33% of gross loans, against 2.35% a year earlier. Net NPA was 0.30%, against 0.54%. The provision coverage ratio, the share of bad-loan amounts covered by money set aside, was 95.34%. Indian Masterminds reported a capital adequacy ratio (the bank’s capital as a share of its risk-weighted assets) of 17.19%.
Deposits, loans and total business
The bank’s provisional business update gives these figures as of 30 September 2026, subject to review by its statutory central auditors.
| ₹ crore | 30 Sep 2025 | 30 Jun 2026 | 30 Sep 2026 | Change YoY |
|---|---|---|---|---|
| Global deposits | 15,00,281 | 16,11,685 | 16,97,195 | +13.1% |
| Global advances | 11,51,041 | 12,93,391 | 13,73,733 | +19.3% |
| Global business | 26,51,322 | 29,05,066 | 30,70,928 | +15.8% |
Global business rose 5.7% from 30 June 2026, when it was ₹29,05,066 crore.
Basis of these figures
The bank’s results filing on BSE and NSE could not be opened for this article, so the profit, income, NII, NPA and ratio figures are attributed to the Indian Masterminds and Business Standard reports of 14 October 2026, and the deposit, loan and business figures to the bank’s provisional business update as reproduced by PSU Connect. The results report gives slightly different deposit and loan totals (₹16,97,305 crore and ₹13,75,060 crore, with growth of 13.13% and 19.46%) from the business update; the table above uses the business update. Percentage changes marked as ours are arithmetic on the reported figures.