Canara Bank shares gained over 4% after the lender posted a solid set of numbers for the first quarter of FY26. As of 1:48 PM, the shares were trading 4.27% higher at Rs 112.40.
The bank reported a 21.7% year-on-year (YoY) rise in net profit, which stood at ₹4,752 crore in Q1, compared to ₹3,905 crore in the same period last year.
The bank’s net interest income (NII) came in at ₹9,009 crore, slightly lower than ₹9,166 crore last year, reflecting a 1.7% decline YoY.
One of the key positives was the improvement in asset quality. The Gross Non-Performing Assets (NPA) ratio dropped to 2.69% from 2.94% in the previous quarter, while the Net NPA ratio improved to 0.63% from 0.70% QoQ.
Canara Bank opened at ₹108.50, touched a high of ₹112.90, and a low of ₹107.20 during the session. It is currently moving closer to its 52-week high of ₹119.30, while the 52-week low stands at ₹78.60.
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