Canara Bank has announced its audited financial results for the quarter and fiscal year ending 31st March 2026, highlighting a significant 12.69% increase in net profit year-on-year. The bank’s global business grew by 12.11%, reaching ₹28,06,226 crore, while global deposits rose by 9.71% to ₹15,68,678 crore. Global advances also saw a robust growth of 15.30%, amounting to ₹12,37,548 crore.
The bank’s retail credit portfolio expanded by 32.93%, with housing loans growing by 17.55% and vehicle loans by 26.33%. Canara Bank‘s RAM credit increased by 19.73%, and its fee-based income stood at ₹9,649 crore, marking an 8.83% rise year-on-year.
Operating profit for the year was reported at ₹33,019 crore, up by 5.19%, while the earnings per share grew by 12.68%. The bank’s gross non-performing assets (NPA) ratio improved to 1.84%, a reduction of 110 basis points from the previous year, and the net NPA ratio improved by 27 basis points to 0.43%.
Canara Bank declared a dividend of 210% of its paid-up capital, an increase from 200% in the previous fiscal year. The provision coverage ratio (PCR) improved by 151 basis points to 94.21%.
In terms of capital adequacy, the bank’s CRAR stood at 17.04%, with CET1 at 12.44%, Tier-I at 14.59%, and Tier-II at 2.45%. The bank also achieved its priority sector targets, with 43.71% in priority sector lending and 19.52% in agricultural credit.
As of 31st March 2026, Canara Bank operated 10,097 branches, including 3,200 rural, 3,025 semi-urban, 1,987 urban, and 1,885 metro branches, along with 11,306 ATMs and recyclers. The bank also maintained four overseas branches in London, New York, Dubai, and IBU Gift City, Gujarat.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).