Canara Bank on Thursday posted a 21.7% year-on-year (YoY) surge in its standalone profit after tax (PAT) for the first quarter of the fiscal year 2026, which stood at Rs 4,752 crore, while its net interest income (NII) slid slightly by 1.7% YoY.
For Q1FY26, the NII was Rs 9,009 crore, compared to Rs 9,166 crore for the same period last year. The quarter's operating profit was Rs 8,554 crore, representing a 12.32% YoY increase.
At Rs 25.64 lakh crore, the bank's worldwide operations represented a 10.98% YoY increase. While gross advances climbed 12.42% year over year to Rs 10.96 lakh crore, global deposits jumped 9.92% to Rs 14,67,655 crore. Retail, Agricultural, and MSME (RAM) credit increased by 14.90%.
In terms of asset quality, Gross NPA ratio improved to 2.69%, down 145 bps YoY, and Net NPA ratio declined to 0.63%, improving by 61 bps. The Provision Coverage Ratio (PCR) stood at 93.17%, up by 395 bps.
Within retail credit, Canara Bank recorded an impressive 33.92% growth, with housing loans rising by 13.92% and vehicle loans surging by 22.09%. Fee-based income came in at Rs 2,223 crore, up 16.39% YoY.
Earnings per share (EPS) were reported at Rs 21.01, registering a 21.66% YoY increase. Return on Assets (RoA) stood at 1.14%, up by 9 basis points (bps), while CET-1 ratio improved by 24 bps to 12.29%.
In addition to 7,907 ATMs, the bank had 9,861 branches as of June 30—3,143 in rural areas, 2,903 in semi-urban areas, 1,951 in urban areas, and 1,864 in metro areas. The bank also operates four branches abroad: in IBU Gift City, Dubai, New York, and London.
No comments:
Post a Comment