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Business

Canara Bank Q2 results: Profit rises 8% to ₹5,175 cr, revenue at ₹40,931 cr

Business Standard ·
Canara Bank Q2 results: Profit rises 8% to ₹5,175 cr, revenue at ₹40,931 cr

State-owned Canara Bank on Wednesday reported an 8 per cent increase in net profit at Rs 5,175 crore for the September quarter of this fiscal.

During the same quarter of the previous financial year, the bank had earned a net profit of Rs 4,774 crore in the year-ago period.

Total income increased to Rs 40,931 crore in the second quarter from Rs 38,598 crore in the same period of the previous fiscal year, Canara Bank said in a regulatory filing.

Interest income improved to Rs 35,159 crore from Rs 31,544 crore in the same quarter a year ago.

Net Interest Income witnessed a 20 per cent jump in the reported quarter to Rs 11,005 crore as against Rs 9,141 crore a year ago.

Operating profit also increased to Rs 8,758 crore as against Rs 8,588 crore in the same quarter a year ago.

In terms of asset quality, gross non-performing assets (NPAs) of the bank moderated to 1.33 per cent of gross advances at the end of September 2026 as against 2.35 per cent by the year-ago period.

Similarly, ne

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