RBI imposes monetary penalty on this PSU Bank

Canara Bank has been fined ₹41.80 lakh (Rupees Forty One Lakh Eighty Thousand Only) by the Reserve Bank of India (RBI) as follows:

Within the allotted time, the bank failed to upload some customers' KYC records to the Central KYC Records Registry (CKYCR).

Even though the last customer-induced transaction in certain accounts was less than a year old, the bank labeled those accounts as inoperative.

In a different update, Puran Associates Private Limited was fined ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) by the Reserve Bank of India (RBI) for failing to reclassify some accounts as "non-performing assets" during restructuring.

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Canara Bank Q4 Profit falls 10%

Canara Bank on May 11 reported a 12.7 percent rise in net profit as at the end of the fiscal year ending March 2026 to Rs 19,187 crore, as compared to Rs 17,027 crore as at the end of March 2025. For Q4 FY26, the PSU lender posted a net profit Rs 4,506 crore, as compared to Rs 5,004 crore in Q4 FY25.

The bank posted a moderation in net interest margin (NIM) in tandem with most major banks for the quarter. The margins for Q4 FY26 was at 2.54 percent, as compared to 2.73 percent in the prior corresponding quarter.

Canara Bank's asset quality improved throughout the year. The gross non-performing asset (GNPA) ratio for the March quarter came in at 1.84 percent for Q4 FY26, as compared to 2.94 percent in Q4FY25. On a sequential basis, the GNPA improved by 24 basis points from 2.08 percent in Q3 FY26. The net non-performing asset (NNPA) ratio for the March quarter came in at 0.43 percent, versus 0.70 percent in Q4 FY25.

Provisions also declined significantly on a sequential and year-on-year basis for the quarter. In Q4, the provisions were at Rs 2,252 crore, as compared to Rs 3,964 crore in Q3 FY26 and Rs 3,280 crore in Q4 FY25.

The bank posted a common equity ratio of 12.44 percent for March 2026, as compared to 12.03 percent in March 2025.

Canara Bank's domestic deposits stood at Rs 14,36 lakh crore as at March 2026, growing 7.95 percent on a year-on-year (YoY) basis, while advances stood at Rs 11.61 lakh crore as at March 202, rising 15.12 percent on a YoY basis.

The bank ended the year with a return on assets (RoA) of 1.10 percent as of the end of March 2026, a slight improvement from 1.09 percent in March 2025.

Shares of the lender were trading 3.85 percent lower at Rs 129.17 apiece as of 1345 IST.

The bank declared dividend of Rs 4.2 per share

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Huge Gold Loan Scam in Bank in Uttarpradesh

An inquiry into a large-scale gold loan fraud at the Canara Bank branch in Civil Lines, Prayagraj, has shown that multiple individuals obtained loans totaling lakhs of rupees by presenting counterfeit gold. The complaint claims that anomalies were discovered in 18 gold loan accounts, of which 16 individuals used counterfeit gold to obtain loans worth ₹57,19,800. This sum has grown in value over time to ₹64,01,990.

Canara Bank's Assistant General Manager and Regional Head, Pankaj Verma, reported the entire incident in a formal complaint to the Civil Lines police station. The police registered the case on April 10, 2026, following an investigation, despite the fact that the FIR was filed in July 2025.

The report of Vishnu Sharma, the gold appraiser, was used to approve the loans. Suspicions grew after Kaushal Kishore Verma, another gold appraiser, carried out an investigation. The pledged gold was discovered to be counterfeit during a second test carried out by Sudhanshu Verma on July 3, 2025, and Shivkumar Verma on July 15, 2025, as directed by the bank.

Bank personnel were terrified when the case was made public. The Civil Lines police station then received a case against sixteen named people as well as additional unnamed people. Police have opened an investigation and registered the fraud complaint.

When a customer approaches a bank for a gold loan, the bank calls a goldsmith to conduct the valuation and purity of the gold. On the basis of the value of Gold, the bank sanctions gold loan up to 80% of the value. So, the role of goldsmith is very important in identifying the purity of Gold. If the goldsmith cheats, then the gold scam is inevitable.

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Canara Bank Q3 results: Net profit up 25.6%

Canara Bank reported a 25.6 per cent year-on-year (Y-o-Y) rise in its net profit to Rs.5,155 crore for the third quarter of the current financial year (Q3 FY26) on the back of a rise in its non-interest income.

 

The state-owned lender’s non-interest income rose 36.16 per cent Y-o-Y to Rs7,900 crore in Q3 FY26. Canara Bank shares slipped 4.75 per cent to Rs.150.30 per share on Thursday as net interest income growth was flat.

 

Net interest income (NII) — the difference between interest earned and interest expended — went up 1.13 per cent to Rs.9,252 crore. Net interest margin for Q3 fell to 2.45 per cent as compared to 2.71 per cent in the year-ago period.

“The pressure on the NIM continues. To curb the pressure, the bank is focusing on RAM and low-yielding corporate advances. The bank is following a shift from retail to corporates and to RAM to improve margins,” said SK Majumdar, executive director, Canara Bank, during the post-earnings call with the media.

 

Canara Bank reported a 13.6 per cent growth in its global advances to Rs.11.92 trillion, while global deposits were up 12.95 per cent year-on-year to Rs.15.21 trillion.The bank said both loan growth and deposit growth were higher than the guided range provided earlier.

In total advances, RAM (retail, agri and MSME) advances rose 18.7 per cent and advances to corporates rose almost 7 per cent. The bank expects credit growth of 13.5 per cent and deposit growth of 12.95 per cent for the current financial year.

 

The public sector lender reported 9.32 per cent year-on-year growth in current account and savings account (CASA), while it fell 3.7 per cent sequentially. The bank’s credit-to-deposit ratio for the quarter was at 78.38 per cent.

 

Asset quality for the lender saw improvement from the previous quarter. Gross non-performing assets stood at 2.08 per cent from 2.35 per cent in September, and 3.34 per cent a year ago.

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Canara Bank Q2 net profit rises 19%, asset quality improves

Canara bank's net interest income increasing by 1.47% quarter on quarter (QoQ) but dropping by 1.87% year on year (YoY). Total interest expenses climbed 9.86% YoY to Rs 22,403 crore, while total interest income grew 6.07% YoY to Rs 31,544 crore.

Total expenditure was Rs 30,010 crore, up 10.87% YoY, while total income was Rs 38,598 crore, up 1.41% QoQ and 11.17% YoY. Operating profit increased by 12.20% YoY to Rs 8,588 crore, while provisions jumped by 4.78% YoY to Rs 3,814 crore.

The bank's gross business increased by 13.55% YoY and 4.48% QoQ to Rs 26,78,963 crore. Within this, overseas gross business shot up by 21.66% YoY to Rs 2,02,536 crore, while domestic gross business climbed by 4.45% QoQ and 12.93% YoY to Rs 24,76,427 crore. In terms of lending, both domestic advances at Rs 10,81,428 crore and offshore advances at Rs 69,613 crore, which witnessed a noteworthy 20.34% YoY rise, contributed to the growth of global gross advances to Rs 11,51,041 crore, up 4.99% QoQ and 13.74% YoY.

With domestic deposits at Rs 13,94,999 crore and overseas deposits at Rs 1,32,923 crore, global deposits totalled Rs 15,27,922 crore, gaining 4.11% QoQ and 13.40% YoY. A balanced credit growth trajectory in accordance with rising deposits is shown by the Global Credit-Deposit (C-D) Ratio, which rose slightly to 75.33%. In the September 2025 quarter, Canara Bank's domestic deposit base grew steadily thanks to solid performance across multiple key areas. The total domestic deposits increased by 12.62% YoY and 4.20% QoQ to Rs 13,94,999 crore. In this, current deposits jumped dramatically by 40.48% QoQ and 62.84% YoY to Rs 75,920 crore, while savings deposits went up by 3.07% QoQ and 3.37% YoY to Rs 3,52,195 crore.

The bank's low-cost deposit base was strengthened by this strong spike in current accounts, as CASA Deposits (Current Account and Savings Account) surged to Rs 4,28,115 crore, representing 8.18% QoQ and 10.53% YoY growth

Term deposits grew by 2.53% QoQ and 13.57% YoY to reach Rs 9,66,884 crore, with Rs 5,63,683 crore coming from retail term deposits. Global deposits, on the other hand, increased by 13.40% YoY and 4.11% QoQ to Rs 15,27,922 crore.

Canara Bank's asset quality continued to improve in the September 2025 quarter. The Gross NPA ratio dropped dramatically to 2.35% from 3.73% in September 2024 as the Gross NPA fell to Rs 27,040 crore from Rs 37,733 crore a year earlier. In a similar vein, the Net NPA plummeted to Rs 6,113 crore, and the Net NPA ratio improved to 0.54% from 0.99% the previous year.

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Canara Bank Q1 PAT surges nearly 22% YoY

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.

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Canara Bank Q4 results: Net profit jumps 33%

On Thursday, May 8, Canara Bank revealed its January–March results, showing a 33% increase in net profit year over year to ₹5,002.7 crore. In the same quarter last year, it was ₹3,757 crore.

In comparison to ₹9,580 crore in the same quarter last year, the PSU-lender's net interest income (NII), which is the difference between interest received and interest spent, increased 1.4% year over year to ₹9,442 crore in the March quarter. 

The operating profit and NII of Canara Bank exceeded projections. In the quarter, the bank's gross nonperforming assets (GNPA) ratio decreased from 3.34% in December 2024 to 2.94%. From 0.89% in the previous quarter, the net non-performing asset ratio improved to 0.70%.

Compared to 91.26% in Q3FY25, the provision coverage ratio (PCR) was 92.70% in Q4. In contrast to the ₹2,464 crore in the previous December quarter, the bank's slippages totaled ₹2,702 crore. Additionally, the amount exceeded projections of ₹2,650 crore. For FY26, Canara Bank anticipates advance growth of 10–11%. 

 The lender wants to see a 9–10% increase in deposits together with a significant improvement in asset quality. For the fiscal year 2024–2025, the board has suggested paying a 200% dividend, or ₹4 per share, on the bank's equity shares, which have a face value of ₹2. The aforementioned dividend's record date is June 13, 2025.

Record date for the said dividend has been set as June 13, 2025.The dividend, if approved by the shareholders of the bank, will be paid after the AGM on June 13.

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PSU Bank Officer Arrested for creating Fake Gold Loan Documents

 

A Canara Bank employee was detained by the Perambalur District Crime Branch police on Sunday for fabricating gold loan paperwork and defrauding the bank of Rs.1.2 crore.

Akash Chauhan, the 29-year-old officer, hails from Udaipur, Rajasthan. He was employed at Canara Bank's Labbaikudikadu branch in the Perambalur area, namely in the Gold Loan division.

The police claim that Akash started working for the bank in May 2022. He made fictitious gold loan documents in five customers' names while he was there. He moved the full amount of the loan, Rs.1.2 crore, into his personal bank account rather than disbursing it to the clients.

The fraud was discovered after a complaint was filed by N. Loga Krishnakumar, a 46-year-old Assistant General Manager from the Canara Bank regional office in Namakkal. After investigating the complaint, the District Crime Branch confirmed the fraud and arrested Akash Chauhan.

A press release by the police confirmed that Akash had misused his position to steal money from the bank by faking documents and cheating the system. Gold loan fraud is a serious threat to the credibility of banks and NBFCs (Non-Banking Financial Companies). While gold loans are a valuable financial tool for millions, increasing fraud cases highlight the urgent need for stronger checks, transparency, and accountability in the system.

 

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