Canara Bank net up at 26% to ₹5,155 crore on better asset quality, treasury income

Canara Bank, a city-headquartered public sector lender, has posted third quarter net profit of ₹5,155 crore, marking a 26% year-on-year growth up from ₹4,104 crore in the corresponding quarter a year ago.

The bank said Q3 performance was supported by higher treasury income and a consistent enhancement in asset quality, Hardeep Singh Ahluwalia, Managing Director and CEO (interim), indicated while addressing a media conference here on Thursday. Its operating profit grew by 16.36% to ₹9,119.47 crore.

During the quarter, the bank recorded a total income of ₹39,880.96 crore, a 10.43% rise over ₹36,113.77 crore a year ago.

The bank’s performance was driven by a 25.61% YoY rise in net profit to ₹5,155.11 crore, with operating profit growing by 16.36% to ₹9,119.47 crore. Its net interest income (NII) grew to ₹9,252.32 crore, a 1.13% rise.

In Q3, the bank saw its global business growing at ₹27,13,594 crore, a 13.23% growth, its global deposit stood at ₹15,21,268 crore, growing at 12.95%, while gross advances touched ₹11,92,326 crore, a 13.59% growth over the same period in the previous year. Its domestic deposit stood at ₹13,97,045 crore, while domestic advances (gross) at ₹11,19,289 crore, a 11.1% and 3.34% YoY growth, respectively.

On asset quality, the bank’s gross non-performing assets (GNPA) ratio improved at 2.08% as at December 2025, from 2.35% sequentially and 3.34% year-on year. The lender’s net non-performing assets (NNPA) ratio improved to 0.45% as at December 2025 reduced from 0.54% as at September 2025, 0.89% as at December 2024.

Mr. Ahluwalia said that in Q3, the bank’s RAM (retail, agriculture and MSME) credit increased by 18.70% year-on-year to ₹7,04,041 crore; retail lending increased by 31.37% to ₹2,73,395 crore and housing loan business grew by 17.58% to ₹1,21,172 crore.