Canara Bank Reports Stable Q1 FY27 Performance with Strong Credit Growth and Improved Asset Quality
Canara Bank (NSE: CANBK | BSE: 532483) has released its investor presentation for the first quarter ended June 30, 2026 (Q1 FY27), reporting steady financial performance driven by strong credit growth, healthy expansion in deposits, and continued improvement in asset quality.
Q1 FY27 Financial Highlights
Canara Bank recorded stable earnings growth while maintaining healthy momentum across its core banking business.
- Net Profit: ₹4,856 crore, up 2.19% year-on-year (YoY).
- Net Interest Income (NII): ₹10,215 crore, registering 13.39% YoY growth.
- Global Business: Increased 14.37% YoY to ₹29.05 lakh crore.
- Global Deposits: Rose 11.63% YoY to ₹16.12 lakh crore, supported by 10.06% growth in domestic deposits.
- Global Advances: Grew 17.97% YoY to ₹12.93 lakh crore.
Asset Quality Continues to Improve
The bank further strengthened its balance sheet during the quarter with lower non-performing assets and higher provisioning.
- Gross Non-Performing Assets (GNPA): Improved to 1.57%, a decline of 112 basis points year-on-year.
- Net Non-Performing Assets (NNPA): Reduced to 0.36%, down 27 basis points YoY.
- Provision Coverage Ratio (PCR): Increased to 94.76%, improving by 159 basis points.
- Capital Adequacy Ratio (CRAR): Stood at 17.17%, compared with the previous year, while the Common Equity Tier-1 (CET-1) Ratio remained strong at 12.91%.
Strong Growth Across Retail, Agriculture and MSME Lending
Canara Bank continued to witness healthy loan growth across its Retail, Agriculture, and MSME (RAM) portfolio.
- RAM Advances: Increased 21.20% YoY to ₹7.65 lakh crore, accounting for 59% of the bank’s total advances.
- Retail Advances: Rose 35.88% YoY to ₹3.20 lakh crore.
- Housing Loans: Grew 17.85% YoY to ₹1.29 lakh crore.
- Vehicle Loans: Increased 26.34% YoY to ₹27,315 crore.
- MSME Advances: Expanded 15.12% YoY to ₹1.69 lakh crore.
The strong growth across retail and priority sectors reflects sustained credit demand and the bank’s continued focus on diversified lending.