Canara Bank , one of India's leading public sector banks, has reported a strong financial performance for the second quarter, with significant improvements in profitability and asset quality.

Key Highlights

• Net profit increased by 18.9% year-on-year to Rs 4,774.00 crore
• Total income rose by 11.2% to Rs 31,543.00 crore
• Gross Non-Performing Assets (GNPA) ratio improved to 2.35%
• Net Non-Performing Assets (NNPA) ratio decreased to 0.54%
• Fresh slippages declined to Rs 20.30 billion

Financial Performance

Canara Bank has demonstrated robust growth in its Q2 results. The bank's net profit surged to Rs 4,774.00 crore, marking an impressive 18.9% increase from Rs 4,015.00 crore in the corresponding quarter of the previous year. This substantial growth in profitability underscores the bank's effective strategies and operational efficiency.

The total income for the quarter stood at Rs 31,543.00 crore, reflecting a healthy 11.2% growth compared to Rs 28,370.00 crore in the same quarter of the previous year. This increase was primarily driven by a rise in interest income, which grew from Rs 23,082.00 crore to Rs 25,057.00 crore year-on-year.

Asset Quality Improvement

One of the most notable aspects of Canara Bank's Q2 performance is the significant improvement in its asset quality. The bank reported a substantial reduction in its Gross Non-Performing Assets (GNPA) ratio, which decreased to 2.35% from 2.69% in the previous quarter. This improvement indicates the bank's effective management of its loan portfolio and risk mitigation strategies.

Similarly, the Net Non-Performing Assets (NNPA) ratio showed a marked improvement, declining to 0.54% from 0.63% quarter-on-quarter. This reduction in NNPA suggests that the bank has been successful in its recovery efforts and in maintaining a healthy loan book.

Further highlighting the bank's improving asset quality, Canara Bank reported fresh slippages of Rs 20.30 billion in the current quarter, down from Rs 21.30 billion in the previous quarter. This represents a quarter-on-quarter decrease of Rs 1.00 billion in fresh slippages, indicating the bank's strengthening ability to manage credit risk.

Provisioning and Capital Adequacy

Canara Bank's prudent approach to risk management is evident in its provisioning practices. The bank reduced its provisions for Non-Performing Assets (NPAs) to Rs 1,503.00 crore in Q2, down from Rs 1,845.00 crore in the previous quarter. This reduction in provisions, coupled with improved asset quality, indicates the bank's confidence in its loan book and recovery processes.

Operational Efficiency

The bank's operational efficiency remains strong, with the Operating Profit before Provisions and Contingencies standing at Rs 8,588.00 crore for Q2. This represents a slight increase from the previous quarter's figure of Rs 8,554.00 crore, demonstrating the bank's ability to maintain consistent operational performance.

Outlook

Canara Bank's impressive Q2 results reflect its resilience and strategic focus on growth and asset quality improvement. The significant increase in net profit, coupled with the reduction in NPA ratios and fresh slippages, positions the bank favorably for sustained growth in the coming quarters.

As the Indian economy continues to show signs of recovery, Canara Bank's strong financial performance and improved asset quality make it well-positioned to capitalize on emerging opportunities in the banking sector.

Investors and stakeholders can view these results as a positive indicator of the bank's financial health and its potential for future growth. However, it will be crucial for the bank to maintain this momentum and continue its focus on asset quality management and operational efficiency in the face of evolving economic conditions.

Canara Bank , one of India's leading public sector banks, has released the schedule for its media interactions and earnings call to discuss the unaudited financial results for the second quarter and half year ended September 30, 2025. The bank has planned a series of events to engage with various stakeholders and provide insights into its financial performance.

Key Events

Board Meeting and Financial Results

The bank's board of directors is scheduled to meet on October 30, 2025, to consider and approve the unaudited standalone and consolidated financial results for Q2 FY26 and the half year ended September 30, 2025.

Media Interactions

Canara Bank has planned two sessions for media interactions:

1. October 30, 2025, starting at 2:30 PM
2. October 31, 2025, starting at 9:30 AM

These sessions will provide an opportunity for the media to engage with the bank's management and gain insights into the financial results and the bank's performance.

Earnings Call Details

The earnings call with analysts and investors is scheduled for October 30, 2025, at 4:00 PM IST. This virtual meeting will be attended by the senior management team of Canara Bank, including:

• Shri K. Satyanarayana Raju, MD & CEO
• Shri Hardeep Singh Ahluwalia, Executive Director
• Shri Bhavendra Kumar, Executive Director
• Shri S K Majumdar, Executive Director

Investors and analysts interested in participating can join the call using the provided WebEx link or dial-in numbers.

Significance

These events underscore Canara Bank's commitment to transparency and open communication with its stakeholders. The discussions during these sessions are expected to provide valuable insights into the bank's financial health, strategic initiatives, and future outlook in the context of the current economic environment.

Investors, analysts, and other interested parties are encouraged to participate in these events to gain a comprehensive understanding of Canara Bank's performance and future prospects. The bank's website ( www.canarabank.com ) will also provide information related to these events for easy access to all stakeholders.