On July 27, state-owned lender Canara Bank announced that its net profit for the first quarter of FY27 was Rs 4,856 crore, up 2.2% from Rs 4,752 crore for the same period last year.
The bank's net interest income increased from Rs 9,009 crore in Q1FY26 to Rs 10,215 crore, a 13.4 percent increase. However, the net interest margin (NIM) for the June quarter remained constant at 2.52 percent, the same amount as in Q1 of FY26.
The PSU lender’s Capital Adequacy Ratio stood at 17.17 percent as at June 2026, out of which CET1 ratio was 12.91 percent.
The bank’s domestic deposits stood at Rs 14.73 lakh crore as at June 2026, rising 10.1 percent on a year-on-year basis, while domestic gross advances grew much faster at 17 percent YoY to Rs 12.07 lakh crore as at June 2026.
The company’s asset quality improved during the quarter. The gross non-performing assets (GNPA) ratio improved to 1.57 percent as at June 2026, reduced from 1.84 percent as at March 2026 and 2.69 percent as at June 2025.
The net NNPA ratio improved to 0.36 percent as at June 2026, down from 0.43 percent as at March 2026 and 0.63 percent as at June 2025.
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