Canara Bank Q2 Profit Rises 8% to Rs 5,175 Cr

New Delhi: 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, net NPAs or bad loans came down to 0.3 per cent at the end of September 2026 as compared to 0.54 per cent at the end of September 2025.

As a result, the provision for bad loans declined to Rs 1,339 crore as against Rs 1,504 crore in the second quarter of the last financial year.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)