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Canara Bank Posts Strong Q1 FY27 Performance with Higher Profit, Better Asset Quality and Capital Adequacy
Canara Bank reported a net profit of ₹4,856 crore in the first quarter of the current financial year. The bank's asset quality improved, with gross and net non-performing assets (NPAs) declining. Total income and operating profit also increased.
Public Sector Canara Bank has done well in the first quarter of the current financial year. There is a slight increase of two percent in the net profit of the bank that stands at ₹4,856 crore. In the same quarter of the previous financial year, the net profit of the bank was ₹4,752 crore. This was disclosed by the bank in its regulatory filing on July 27, 2026.
There has been an increase in the total income of the bank, which is ₹39,684 crore in the June quarter against ₹38,063 crore in the June quarter of the previous financial year. Interest income of the bank also witnessed an increase. It is now ₹32,957 crore as compared to ₹31,003 crore in the same quarter of the previous financial year. The operating profit of the bank has also seen an increase.
Canara Bank's asset quality has seen significant improvement. Gross non-performing assets (NPAs) fell to 1.57 percent of gross advances at the end of the June quarter, compared to 2.69 percent a year ago. Similarly, net non-performing assets, or bad loans, also declined to 0.36 percent from 0.63 percent in the same period last year. Provisions for bad loans also declined to Rs 1,399 crore in the first quarter, compared to Rs 1,845 crore in the same period last year. This improvement is a positive sign for the bank.
