Canara Bank global business rises 14.4% YoY to ₹29,05,820 crore

1 min read     Updated on 02 Jul 2026, 02:32 AM
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Shriram SScanX News Team
AI Summary

Canara Bank reported provisional global business of ₹29,05,820 crore for the period ended June 30, 2026, a 14.40% YoY increase. Global deposits grew 11.69% to ₹16,12,604 crore, while global advances rose 17.96% to ₹12,93,216 crore. Domestic deposits and advances increased by 10.06% and 16.93% YoY respectively, with the Retail Asset Management segment growing 21.27%.

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Canara Bank reported provisional global business of ₹29,05,820 crore for the period ended June 30, 2026, representing a 14.40% year-on-year increase. The bank's global deposits stood at ₹16,12,604 crore, growing by 11.69% compared to the same period last year. Global advances reached ₹12,93,216 crore, registering a 17.96% year-on-year rise, driven by strong domestic performance.

The bank disclosed these figures in a regulatory filing submitted to the stock exchanges on July 1, 2026. The disclosure was made in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the bank's internal code of conduct for prohibition of insider trading.

Domestic operations showed significant growth during the period. Domestic deposits increased by 10.06% year-on-year to ₹14,73,447 crore, while domestic advances rose by 16.93% to ₹12,06,875 crore. The Retail Asset Management (RAM) segment within domestic operations grew by 21.27% to ₹7,65,061 crore.

On a quarter-on-quarter basis, global business expanded by 3.55% from the audited figures of March 31, 2026. Global deposits and advances grew by 2.80% and 4.50% respectively during the quarter. Domestic deposits and advances recorded quarter-on-quarter growth of 2.54% and 3.94% respectively.

The provisional figures are subject to audit or review by the Statutory Central Auditors of the bank. The filing was signed by Santosh Kumar Barik, Company Secretary, on behalf of Canara Bank.

Key Business Figures (Amount in ₹ Crore)

Particulars 30.06.2025 (Reviewed) 31.03.2026 (Audited) 30.06.2026 (Provisional)* Q-o-Q Growth Y-o-Y Growth
Global Business 25,40,143 28,06,226 29,05,820 3.55% 14.40%
Global Deposits 14,43,814 15,68,678 16,12,604 2.80% 11.69%
Domestic Deposits 13,38,742 14,36,905 14,73,447 2.54% 10.06%
Global Advances 10,96,329 12,37,548 12,93,216 4.50% 17.96%
Domestic Advances 10,32,142 11,61,143 12,06,875 3.94% 16.93%
RAM (Domestic) 6,30,900 7,30,520 7,65,061 4.73% 21.27%

*Subject to Audit/Review by the Statutory Central Auditors of the Bank

Historical Stock Returns for Canara Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+0.29%-2.70%-1.03%-17.89%+9.72%+312.24%

Will the rapid 21.27% expansion in the Retail Asset Management segment lead to a deterioration in asset quality metrics?

How does Canara Bank plan to fund the 17.96% surge in advances given the relatively slower 11.69% growth in deposits?

What impact will rising domestic advances have on the bank's Net Interest Margins for the remainder of the fiscal year?

Canara Bank appoints Sujit Kumar Sahoo as Chief General Manager

1 min read     Updated on 01 Jul 2026, 10:07 PM
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Canara Bank announced the promotion of Shri Sujit Kumar Sahoo to Chief General Manager of the Compliance & RBS Wing, effective July 1, 2026. Sahoo, who previously served as General Manager in the same department, has over 29 years of banking experience and has held administrative roles in Ranchi, Madurai, Chennai, and Sambalpur.

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Canara Bank has promoted Shri Sujit Kumar Sahoo to the position of Chief General Manager, Compliance & RBS Wing effective July 1, 2026. The bank communicated this appointment to the stock exchanges on July 1, 2026, via a regulatory filing to ensure compliance with disclosure norms.

Management Change Details

The disclosure confirmed that Sujit Kumar Sahoo, previously General Manager of the same wing, has been elevated to the role of Chief General Manager. The communication was addressed to the Vice Presidents of BSE Ltd and the National Stock Exchange of India Ltd, providing the necessary updates for their records.

Executive Profile

Sahoo brings over 29 years of experience in banking to the role. He holds a Master of Business Administration and a Diploma in Treasury, Investment and Risk Management. He is also a Certified Associate of the Indian Institute of Bankers. His career spans from the branch level to the head office level across eight different states and rural to metro areas. He has administrative experience heading the Ranchi Circle Office and three Regional Offices at Madurai, Chennai and Sambalpur.

Regulatory Filing

Particulars Details
Employee Name Shri Sujit Kumar Sahoo
New Designation Chief General Manager, Compliance & RBS Wing
Previous Designation General Manager, Compliance & RBS Wing
Effective Date July 1, 2026
Filing Date July 1, 2026

The filing was signed by Santosh Kumar Barik, Company Secretary of Canara Bank.

Historical Stock Returns for Canara Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+0.29%-2.70%-1.03%-17.89%+9.72%+312.24%

How will Sahoo's appointment influence Canara Bank's compliance strategy in light of evolving banking regulations?

What impact will this leadership change have on the bank's risk management framework and operational efficiency?

Could this promotion signal a broader restructuring within Canara Bank's executive team?

More News on Canara Bank

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