Canara Bank posts a 10% decline in Q4 net profit

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Hardeep Singh Ahluwalia, interim managing manager  and CEO of Canara Bank 

Hardeep Singh Ahluwalia, interim managing manager and CEO of Canara Bank 

Bengaluru-based lender Canara Bank connected Monday reported a 9.9% diminution successful its 4th fourth nett net to ₹4,506 crore, as against ₹5,004 crore successful the corresponding 4th a twelvemonth ago. This was mostly owed to the diminution successful Non-Interest Income, driblet successful treasury income, compression successful operating nett and summation successful slippages (bad loans). During Q4, the bank’s slippage roseate to ₹2,800 compared to immoderate ₹1,899 crore successful the sequential quarter. For the afloat year, the slope posted a nett net of ₹19,187 crore, arsenic against ₹17,027 crore successful the corresponding 4th a twelvemonth ago. The bank’s nett involvement income (NII) successful the 4th accrued 4% year-on-year to ₹9,808 crore from ₹9,442 crore.

Canara Bank’s non-interest income during the 4th dropped 24% to ₹4,824 crore, chiefly owed to a crisp autumn (72.7%) successful treasury income, year-on-year, to ₹272 crore successful Q4FY26. The bank’s provisions besides declined 31.3% to ₹2,252 crore successful Q426 from ₹3,280 crore successful the aforesaid 4th a twelvemonth ago.

Canara Bank’s savings relationship deposits successful the 4th accrued 8.73% year-on-year to ₹3,66,581 crore. However, existent relationship deposits fell 20.06% to ₹62,223 crore. CASA (Current Account and Savings Account) deposits grew 3.3% to ₹4,28,804 crore.

The 4th besides saw the bank’s planetary concern increasing astatine 12.11%, planetary deposits up by 9.71%, and planetary advances rising by 15.30%, year-on-year.

For FY26, the bank’s planetary business increased by 12.11% to ₹28,06,226 crore. Global deposit astatine ₹15,68,678 halfway marked a 9.71% growth. Global advances stood astatine ₹12,37,548 crore, grew by 15.30% maturation year-on-year. Also, the home deposit of the slope stood astatine ₹14,36,905 crore, increasing astatine 7.95% portion home advances (gross) grew 15.12% to ₹11,61,143 crore.

According to Canara Bank, its Gross Non-Performing Assets (GNPA) ratio improved to 1.84% arsenic astatine March 2026, reduced from 2.08% arsenic astatine December 2025, 2.94% arsenic astatine March 2025. Also, Net Non-Performing Assets (NNPA) ratio improved to 0.43% arsenic astatine March 2026 reduced from 0.45% arsenic astatine December 2025, 0.70 % arsenic astatine March 2025.

The slope said it besides achieved targets successful the Priority Sector astatine 43.71% and Agricultural Credit astatine 19.52% of ANBC arsenic astatine March 2026, arsenic against the norm of 40% and 18% respectively. The Board of Directors has recommended a last dividend of ₹4.20 per equity stock (210%) for the fiscal twelvemonth 2025–26.

Published - May 11, 2026 10:32 p.m. IST

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