Canara Bank has informed the stock exchanges of a change in its Board composition, with the Central Government nominating Ms. Shalini Pandit as Government Nominee Director, effective May 13, 2026. The appointment was made in exercise of powers conferred by clause (b) of Sub-Section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, through Notification No. eF. No. 6/2(ii)/2022-BO.I dated May 13, 2026. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment of Ms. Shalini Pandit

Ms. Shalini Pandit has been nominated to the Board of Canara Bank in place of Shri Parshant Kumar Goyal, with immediate effect and until further orders. The key details of her appointment are as follows:

Profile of Ms. Shalini Pandit

Ms. Shalini Pandit is an IAS officer of the Odisha cadre, presently serving as Joint Secretary in the Department of Financial Services, Ministry of Finance, Government of India. Prior to her central government assignment, she held several senior positions within the Odisha state administration. Her key roles have included:

• Secretary, School & Mass Education Department, Odisha
• Secretary, Health & Family Welfare Department, Odisha
• Secretary, Mission Shakti Department, Odisha
• Secretary, Odia Language, Literature & Culture Department, Odisha
• Mission Director, National Health Mission, Odisha
• Labour Commissioner, Odisha
• District Collector for several districts in Odisha

Ms. Shalini Pandit is recognized for her contributions to education sector reforms and her leadership in the health sector during the Covid-19 pandemic. She graduated in Botany from Miranda House College, University of Delhi, and completed her M.Sc. in Wildlife Science from the Wildlife Institute of India, Dehradun.

Cessation of Shri Parshant Kumar Goyal

Simultaneous with the above appointment, Shri Parshant Kumar Goyal ceased to serve as Government Nominee Director on the Board of Canara Bank. The details of his cessation are outlined below:

The disclosure was signed by Santosh Kumar Barik, Company Secretary, Canara Bank, and submitted to both BSE Ltd. and the National Stock Exchange of India Ltd. in compliance with applicable listing regulations.

Canara Bank reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, approved by the Board of Directors at its meeting held on May 11, 2026. The audited results were subsequently published in newspapers on May 12, 2026, pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015. On a standalone basis, the bank posted a net profit of ₹4,505.57 crore for Q4, compared to ₹5,002.66 crore in the corresponding quarter of the previous year. For the full financial year FY26, standalone net profit stood at ₹19,186.67 crore, up from ₹17,026.67 crore in FY25. The bank's global business crossed ₹28,06,000 crore as on March 31, 2026. The board has recommended a dividend of ₹4.20 per equity share (210% on face value of ₹2 per share) for FY26, subject to shareholder approval at the ensuing Annual General Meeting. In line with its investor engagement obligations under SEBI (LODR) Regulations 2015, the bank conducted an earnings conference call with analysts and investors on May 11, 2026, to discuss the Q4 and FY26 results; the recording is accessible on the bank's official website.

Standalone Financial Performance at a Glance

The following table summarises Canara Bank's key standalone financial metrics for Q4 and the full year:

Asset Quality and Capital Adequacy

Canara Bank's asset quality showed improvement on key headline ratios on a sequential basis, though fresh slippages rose during the quarter. Q4 fresh slippages stood at 28B rupees, compared to 19B rupees in the previous quarter. The Gross Non-Performing Assets (GNPA) ratio declined to 1.84% as of March 31, 2026, from 2.08% in the previous quarter and 2.94% a year ago. The Net Non-Performing Assets (NNPA) ratio eased to 0.43% from 0.45% quarter-on-quarter and 0.70% year-on-year. The amount of net NPAs stood at ₹5,209.37 crore as of March 31, 2026. The Provision Coverage Ratio on a standalone basis stood at 94.21% as on March 31, 2026, compared to 92.70% as at March 31, 2025. The following table presents the key asset quality and capital adequacy metrics:

Consolidated Financial Results

On a consolidated basis, Canara Bank reported a net profit after minority interest of ₹4,574.23 crore for Q4 FY26, compared to ₹5,070.19 crore in Q4 FY25. For the full year FY26, consolidated net profit after minority interest stood at ₹17,872.88 crore, compared to ₹17,539.62 crore in FY25. Total consolidated income for Q4 FY26 was ₹36,538.61 crore, against ₹40,256.19 crore in Q4 FY25. The consolidated Capital Adequacy Ratio (Basel III) stood at 17.07% as of March 31, 2026. The consolidated total assets as of March 31, 2026 stood at ₹18,87,325.11 crore, up from ₹17,32,527.38 crore as of March 31, 2025.

Standalone Segment Performance

Across business segments on a standalone basis, Retail Banking Operations contributed the highest segment revenue for Q4 FY26 at ₹17,186.92 crore, followed by Wholesale Banking Operations at ₹12,631.99 crore and Treasury Operations at ₹6,843.30 crore. For the full year FY26, Retail Banking revenue stood at ₹69,000.39 crore, Wholesale Banking at ₹50,503.51 crore, and Treasury Operations at ₹33,700.31 crore. In terms of segment results, Treasury Operations reported a profit of ₹2,129.99 crore for Q4 FY26, while Retail Banking Operations reported ₹3,475.86 crore and Wholesale Banking Operations reported ₹159.72 crore.

Balance Sheet Highlights

The standalone balance sheet as of March 31, 2026 reflects significant growth across key parameters. Total standalone assets stood at ₹18,83,201.89 crore, compared to ₹16,84,685.58 crore as of March 31, 2025. Advances grew to ₹12,20,017.47 crore from ₹10,49,155.02 crore, while deposits stood at ₹15,68,678.15 crore compared to ₹14,29,862.18 crore. Reserves and surplus on a standalone basis increased to ₹1,11,568.48 crore from ₹98,085.98 crore.

Management Guidance — Earnings Concall

During the earnings conference call held on May 11, 2026, management shared forward-looking guidance across key operating metrics. The bank aims for a Return on Assets (ROA) of over 1% and expects to maintain similar credit costs, supported by a substantial reduction in Special Mention Account (SMA) levels. Net Interest Margin (NIM) is projected to hover around 2.5% to 2.6%, driven by high credit growth, selective pricing on advances, and conscious management of bulk deposit pricing.

Management has set a credit growth guidance of 11% to 12% for the upcoming year, though they expressed confidence in exceeding this target, similar to how they surpassed last year's 10% to 11% guidance to achieve 15.30% growth. Priority Sector Lending Certificate (PSLC) income is expected to be around INR3,000 crores, similar to the current year, as the bank consistently exceeds mandated priority sector credit norms. Operating profit is expected to be protected, with anticipated reversals from mark-to-market (MTM) losses, while net profit, earnings per share (EPS), and Return on Equity (ROE) are projected conservatively due to the absence of last year's one-time listing gains of INR1,930 crores from Canara HSBC and Canara Robeco.

Dividend, Corporate Developments, and Investor Engagement

The board has recommended a dividend of ₹4.20 per equity share (210% on face value of ₹2 per share) for FY26, subject to shareholder approval. During FY26, the bank issued Basel III Compliant Additional Tier I Bonds aggregating to ₹3,500 crore and redeemed such bonds aggregating to ₹2,936.10 crore. Additionally, the bank issued Basel III Compliant Tier II Bonds aggregating to ₹5,000 crore and redeemed Tier II Bonds aggregating to ₹4,150 crore during the year. The bank holds total provision of ₹4,908.35 crore (100% of total outstanding of ₹4,908.35 crore) for accounts covered under the Insolvency and Bankruptcy Code (IBC) as on March 31, 2026. During the year, Canara Robeco Asset Management Company Limited and Canara HSBC Life Insurance Company Limited were listed on the stock exchanges, following which the bank's shareholding in these entities reduced from 51% to 38% and 36.50% respectively, and they were reclassified from subsidiaries to associates. This divestment resulted in a pre-tax profit (net of expenses) of ₹1,929.56 crore on a standalone basis and ₹1,800.93 crore on a consolidated basis.