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

Strong Profit Growth

The bank's net profit for Q1 rose to ₹4,752 crore, marking a substantial 21.69% increase from ₹3,905 crore in the same quarter last year. This impressive growth outpaced analysts' expectations of ₹4,140 crore.

Improved Asset Quality

Canara Bank demonstrated notable progress in managing its asset quality:

• Gross Non-Performing Asset (NPA) ratio improved to 2.69% from 4.14% year-over-year.
• Net NPA ratio decreased to 0.63% from 1.24% in the corresponding quarter.
• Provision Coverage Ratio (PCR) strengthened to 93.17%, up by 395 basis points year-on-year.

Key Financial Highlights

Business Growth

The bank reported strong growth across various business segments:

• Global business increased by 10.98% year-on-year to ₹25,63,984 crore.
• Global deposits grew by 9.92% to ₹14,67,655 crore.
• Global advances expanded by 12.42% to ₹10,96,329 crore.

Retail and Priority Sector Performance

Canara Bank showed significant growth in its retail and priority sector lending:

• Retail credit surged by 33.92% year-on-year to ₹2,35,418 crore.
• Housing loans grew by 13.92% to ₹1,09,490 crore.
• Vehicle loans increased by 22.09% to ₹21,620 crore.

The bank exceeded mandated targets under priority sector lending, with total priority sector advances at 45.63% of Adjusted Net Bank Credit (ANBC) against the 40% norm.

Capital Adequacy

As of June 30, Canara Bank's capital position remained strong:

• Capital Adequacy Ratio stood at 16.52% under Basel III norms.
• Common Equity Tier 1 (CET-1) ratio was at 12.29%.

Outlook

With improved asset quality, strong business growth, and a robust capital position, Canara Bank appears well-positioned for sustained performance in the coming quarters. The bank's focus on retail lending and priority sector advances, coupled with its ability to exceed regulatory norms, demonstrates its commitment to balanced and inclusive growth.

Canara Bank , one of India's leading public sector banks, is set to announce its financial results for the first quarter of the fiscal year 2026 on July 24, 2025. The bank's Board of Directors will convene at its Bengaluru headquarters to review and approve the quarterly figures.

Earnings Call Details

Following the results announcement, Canara Bank has scheduled an earnings call for 4 p.m. IST on the same day. The call will feature senior management, including Managing Director and CEO K Satyanarayana Raju, providing insights into the bank's performance and addressing queries from analysts and investors.

Trading Window Closure

In compliance with regulatory norms, Canara Bank has implemented a trading window closure for its directors and designated persons. The window remains closed from July 1, 2025, and will continue until 48 hours after the declaration of results, ensuring fair trading practices.

Previous Quarter Performance

For context, Canara Bank's performance in the preceding quarter (Q4 FY25) was noteworthy:

Recent Stock Performance

Canara Bank's stock has shown mixed performance recently:

• Short-term Trend: A decline of 6.42% over the last five trading sessions
• Medium-term Trend: A gain of 10.53% over the past six months
• 52-Week Range: High of Rs 119.30 to Low of Rs 78.60

Investors and market analysts will be keenly watching the upcoming results to gauge the bank's performance in the evolving economic landscape. The Q1 FY26 results will provide crucial insights into Canara Bank's ability to maintain its growth trajectory and navigate challenges in the banking sector.

As the financial sector continues to play a pivotal role in India's economic growth, Canara Bank's performance could offer valuable indicators about the overall health of the public banking system and the broader economy.