Canara Bank (CANBK) investor relations material

Executive summary

• Global business grew 13.23% year-over-year to INR 2,710,000 crore (₹27,13,594 crore), with deposits up 12.95% and advances up 13.59%.

• Net profit rose 25.61% year-over-year to INR 5,155 crore for Q3 FY26, marking the highest-ever quarterly profit.

• Operating profit increased 16.36% year-over-year to INR 9,119 crore.

• Asset quality improved, with GNPA at 2.08% and net NPA at 0.45%, both declining year-over-year.

• Retail credit surged 31.37% year-over-year, with strong growth in housing, vehicle, MSME, and gold loans.

Financial highlights

• Total income for Q3 FY26 was ₹39,881 crore, up 10.43% year-over-year; net interest income grew 1.13% year-over-year to ₹9,252 crore.

• Non-interest income surged 36.16% year-over-year, driven by treasury income and recoveries.

• Provision coverage ratio improved to 94.19%.

• Return on assets improved to 1.13% (standalone) and 1.19% (consolidated) for Q3 FY26.

• Earnings per share increased 22.11% to INR 21.48.

Outlook and guidance

• Surpassed 11 out of 13 guidance parameters for the year, except CASA and NIM, which remain industry-wide challenges.

• NIM at 2.50% was below the guided range of 2.75%-2.80%; expected to remain in the 2.45%-2.50% range.

• Credit growth guidance maintained above 13%, with deposit growth also expected to sustain near 13%.

• ECL implementation from April 2027 expected to have manageable impact, with additional provisions amortized over four years.

• The bank continues to focus on asset quality, digital banking expansion, and regulatory compliance.