Canara Bank Q1 Net Profit Rises Marginally to Rs 4,856 Cr

New Delhi: State-owned Canara Bank on Monday posted a marginal 2 per cent improvement in net profit to Rs 4,856 crore during the first quarter of the current financial year.

The Bengaluru-based bank had earned a net profit of Rs 4,752 crore in the same quarter of the previous fiscal year.

The total income rose to Rs 39,684 crore during the June quarter of the current fiscal year from Rs 38,063 crore in the same quarter of FY26, Canara Bank said in a regulatory filing.

Interest earned by the bank improved to Rs 32,957 crore, as compared to Rs 31,003 crore in the June quarter of FY26.

During the period under review, operating profit of the bank increased to Rs 8,636 crore, as compared to Rs 8,554 crore in the same quarter a year ago.

The bank’s asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.57 per cent of gross advances at the end of the June quarter, from 2.69 per cent a year ago.

Similarly, net NPAs, or bad loans, declined to 0.36 per cent, as against 0.63 per cent in the year-ago period.

As a result, provisions for bad loans declined to Rs 1,399 crore during the first quarter as compared to Rs 1,845 crore in the same period a year ago.

Provision Coverage Ratio (PCR) improved to 94.76 per cent, from 93.17 per cent at the end of the first quarter of the previous financial year.

At the same time, Return on Assets (ROA) deteriorated to 1.04 per cent in June 2026, from 1.14 per cent in June 2025.

Capital adequacy ratio of the bank rose to 17.17 per cent, from 16.52 per cent in the same quarter of FY26.

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