Hardeep Singh Ahluwalia, Interim CEO and Managing Director, Canara Bank
Bengaluru-based Canara Bank on Monday reported a 9.9% drop in fourth-quarter net profit to ₹4,506 crore from ₹5,004 crore in the corresponding quarter a year ago. This was mainly due to a decrease in non-interest income, a decrease in treasury income, a decrease in operating profit and an increase in slippages (bad loans). During the fourth quarter, the bank’s loss increased to ₹2,800 crore compared to around ₹1,899 crore in the following quarter. For the full year, the bank reported a net profit of ₹ 19,187 crore as against ₹ 17,027 crore in the corresponding quarter a year ago. The bank’s net interest income (NII) in the quarter rose 4% year-on-year to ₹9,808 crore from ₹9,442 crore.
Canara Bank’s non-interest income fell 24% to ₹4,824 crore during the quarter, mainly due to a sharp (72.7%) year-on-year decline in treasury income to ₹272 crore in 4Q2626. The bank’s provisions also fell 31.3% to ₹2,252 crore in 4Q26 from ₹3,280 crore in the same quarter a year ago.
Canara Bank savings account deposits grew 8.73% year-on-year to ₹ 3,66,581 crore in the quarter. However, current account deposits declined by 20.06% to ₹ 62,223 crore. CASA (current and savings account) deposits rose 3.3% to ₹ 4,28,804 crore.
The quarter also saw the bank’s global business grow by 12.11%, global deposits grow by 9.71% and global advances grow by 15.30% year-on-year.
For FY26, the bank’s global business increased by 12.11% to ₹28,06,226 crore. Global core deposits of ₹ 15,68,678 saw a growth of 9.71%. Global advances stood at ₹ 12,37,548 crore, up 15.30% YoY. Also, the bank’s domestic deposit stood at ₹14,36,905 crore, up 7.95%, while domestic advances (gross) rose 15.12% to ₹11,61,143 crore.
According to Canara Bank, its gross non-performing asset (GNPA) ratio improved to 1.84% in March 2026, down from 2.08% in December 2025, 2.94% in March 2025. Also, net non-performing asset (NNPA) ratio decreased from 45% in March to 26% in December, improved to 0.43% in December 2025, 0.70% by March 2025.
The bank said it has also achieved targets in priority sector at 43.71% and agriculture credit at 19.52% of ANBC by March 2026, against the norm of 40% and 18%. The board has recommended a final dividend of ₹ 4.20 per share (210%) for the financial year 2025-26.
Published – 11 May 2026 22:32 IST
