Canara Bank’s Q2 net profit rises to ₹5,175 crore; global business crosses ₹30.72 lakh crore
Canara Bank reported a net profit of ₹5,175 crore for the second quarter of the 2026 fiscal year, representing an 8.4% year-on-year growth. The bank also achieved a significant milestone by crossing ₹30.72 lakh crore in total global business.
Why it matters
The financial performance of major public sector banks is a key indicator of the health of the Indian banking sector and broader economic stability.
Canara Bank’s Q2 net profit rises to ₹5,175 crore; global business crosses ₹30.72 lakh crore (Ad request, please publish online also) left The headquarters of Canara Bank in Bengaluru. The bank’s Net Interest Income (NII) surged 20.4% year-on-year to ₹11,004 crore. File photo The Hindu https://th-i.thgim.com/public/incoming/icxehp/article71587521.ece/alternates/FREE_1200/CCI_UDHindu_KSL_U0R4TKKAT_R1541141754_0_dedc5782-3716-4350-91c9-49e4c54749d6.jpg The Head Office, Canara Bank in Bengaluru. (Below) Inside the digital banking branch, ‘CANDI’, which will provide “end-to-end digital experience” to the Gen-Next customer. On the asset quality front, the bank’s Gross Non-Performing Asset (GNPA) ratio contracted sharply to 1.33% while the Net NPA ratio dropped to 0.30% Bengaluru Bengaluru-based Canara Bank reported a net profit of ₹5,175 crore for the quarter ended September 30, 2026, marking an 8.4% year-on-year growth from the ₹4,774 crore posted in the corresponding quarter last fiscal.
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