Canara Bank posted Q2 net profit of ₹4,774 crore.
| Photo Credit: The Hindu
Canara Bank posted second quarter net profit of ₹4,774 crore, a growth of 18.93% year-on-year against ₹4,014 crore it reported in the corresponding period a year ago.
The quarter saw its operating profit at ₹ 8,588 crore, up by 12.20% from ₹7,653.83 crore a year ago.
Addressing the media here on Thursday (October 30, 2025), Canara Bank managing director and CEO K. Satyanarayana Raju said the bank’s asset quality improved in the quarter. Gross non-performing assets (GNPA) ratio improved at 2.35%, from 3.73% in the corresponding quarter in the previous year. Net non-performing assets (NNPA) improved to 0.54% from 0.99% a year ago. Gross NPA ratio stood at 2.35%, improved by 138 bps while Net NPA ratio stood at 0.54%, improved by 45 bps.
Canara Bank said its global business increased by 13.55% YoY to ₹26,78,963 crore as at September 2025.
Q2 of FY26, saw its global business increase by 13.55% yoy at ₹26,78,963 crore September 2025. Global deposits to rose by 13.40% to ₹15,27,922 crore while domestic deposits stood at ₹13,94,999 crore a 12.62% jump. Its global advance (gross) increased by13.74% to ₹11,51,041 crore and domestic advances (gross) grew to ₹10,81,428 crore, at 13.34%.
Responding to a query, Mr. Raju said, the bank has been using technologies including data analytics to identify potential CASA ( current account and savings account) locations across the country to open new branches. “In FY26, we will have 280 such new branches,’’ he added.
He further said, the bank has achieved targets in priority sector at 44.56% and agricultural credit at 21.44% of ANBC (Adjusted Net Bank Credit) as at Sept 2025, as against the norm of 40% and 18% respectively.
Canara Bank has reported a significant improvement in its slippage ratio, indicating stronger asset quality and risk management. The quarter saw its slippage ratio at 0.76% improved by 24 bps.
Published – October 30, 2025 07:57 pm IST
