Canara Bank reported a broad-based expansion across business, advances, and deposits in Q3 FY26, along with continued improvement in asset quality, based strictly on the data provided.
Total business grew 13.23% year-on-year and 2.35% quarter-on-quarter during the quarter. Total advances rose 13.59% YoY and 3.59% QoQ, supported by healthy growth in retail, agriculture, and MSME (RAM) credit, which increased 18.70% YoY and 4.90% QoQ.
On the liabilities side, total deposits increased 12.95% YoY and 1.40% QoQ. CASA deposits rose 9.32% YoY, though they declined 3.68% sequentially.
On the earnings front, net interest income (NII) grew 1.13% YoY and 1.21% QoQ, while total income increased 10.43% YoY and 3.32% QoQ. Operating profit for the quarter rose 16.36% YoY and 6.18% QoQ. Profit after tax (PAT) registered strong growth of 25.61% YoY and 7.98% QoQ.
Margins moderated during the quarter, with net interest margin (NIM) reported at 2.50%, compared with 2.83% in the year-ago period and 2.52% in the previous quarter.
Asset quality continued to improve sequentially and on a year-on-year basis. Gross non-performing assets (GNPA) declined to 2.08%, compared with 3.34% YoY and 2.35% QoQ. Net non-performing assets (NNPA) improved to 0.45%, from 0.89% YoY and 0.54% QoQ.
Q3 FY26 key performance metrics
| Metric | YoY change | QoQ change |
|---|---|---|
| Total business | +13.23% | +2.35% |
| Total advances | +13.59% | +3.59% |
| RAM credit | +18.70% | +4.90% |
| Total deposits | +12.95% | +1.40% |
| CASA deposits | +9.32% | -3.68% |
| Net interest income | +1.13% | +1.21% |
| Total income | +10.43% | +3.32% |
| Operating profit | +16.36% | +6.18% |
| Profit after tax | +25.61% | +7.98% |
| Net interest margin | 2.50% | 2.52% (QoQ) |
| GNPA | 2.08% | Improved |
| NNPA | 0.45% | Improved |
All figures and ratios are presented exactly as provided, without additions or assumptions.
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