The NII stood at Rs 9,009 crore for Q1FY26, as against Rs 9,166 crore reported in the year-ago period. Operating profit for the quarter stood at Rs 8,554 crore, marking a 12.32% YoY growth.
The bank’s global business stood at Rs 25,63,984 crore, up 10.98% YoY. Global deposits rose 9.92% to Rs 14,67,655 crore, while gross advances increased by 12.42% YoY to Rs 10,96,329 crore. RAM (Retail, Agriculture, MSME) credit expanded 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.
Other key improvements included:
- Credit cost at 0.72%, improved by 18 bps.
- Slippage ratio at 0.80%, improved by 52 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%.As of June 30, the bank has 9,861 branches, out of which 3,143 are rural, 2,903 are in semi-urban areas,1,951 are urban branches and 1,864 are in metro cities, along with 7,907 ATMs.
The bank also has 4 overseas branches in London, New York, Dubai, and IBU Gift City.
After reporting the Q1 results, the shares of Canara Bank were trading 4.3% higher at Rs 112.45 on the BSE.
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