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Canara Bank's net profit rose 25.6% year-on-year to ₹5,155 crore in Q3 FY26, driven by strong credit growth and improved asset quality.
Canara Bank posted a 25.6% year-on-year rise in net profit to ₹5,155 crore for Q3 FY26, fueled by stronger credit growth, improved asset quality, and lower credit costs.
Net interest income rose 1.1% to ₹9,252 crore, with the net interest margin stable at 2.50%.
Fresh slippages were low at 0.64%, primarily in agriculture and MSME sectors, with no corporate defaults.
Credit growth reached 13.6% annually, led by a 31.4% surge in retail loans.
The bank expects continued credit growth of 13%–13.5% and maintained strong capital ratios, with a Basel III ratio of 16.50%.
NPA ratios declined to 2.08% (gross) and 0.45% (net), while the provision coverage ratio stood at 94.19%.
El beneficio neto de Canara Bank aumentó un 25.6% interanual a ₹5,155 crore en el tercer trimestre del año fiscal 26, impulsado por un fuerte crecimiento del crédito y una mejor calidad de los activos.