Canara Bank Shares Jump 3.4% As Profit Rises 8.4%

Mumbai, October 14: Canara Bank reported an 8.40% year-on-year increase in net profit to ₹5,175 crore for the quarter ended September 30, 2026, while its global business expanded 15.88% to ₹30.72 lakh crore.

The bank’s shares jumped 3.36% to ₹124.49 on October 14 following the results announcement.

Canara Bank Reports Growth in Business and Advances

According to the bank’s press release dated October 14, 2026, global deposits rose 13.13% year-on-year to ₹16.97 lakh crore, while global advances increased 19.46% to ₹13.75 lakh crore.

Retail credit grew 31.61% to ₹3.31 lakh crore, supported by housing loan growth of 17.35% and vehicle loan growth of 25.50%. RAM credit, covering retail, agriculture and MSME lending, increased 21.03% to ₹8.12 lakh crore.

Operating profit stood at ₹8,758 crore, up 1.98% year-on-year. Earnings per share increased 5% to ₹22.06.

Stock Market Snapshot

The Canara Bank share price rose ₹4.05, or 3.36%, to ₹124.49 as of 3:10:57 PM IST on October 14, 2026.

The shares advanced following the quarterly results announcement, with the stock trading higher during the session. The available information does not establish that the results alone accounted for the entire price movement.

Asset Quality Improves Year-on-Year

Canara Bank’s gross non-performing asset ratio improved to 1.33% in September 2026, compared with 2.35% in September 2025. The net NPA ratio declined to 0.30% from 0.54% over the same period.

The provision coverage ratio stood at 95.34%, compared with 93.59% a year earlier. Credit cost improved to 0.47%, while the slippage ratio declined to 0.58%.

The bank reported a capital adequacy ratio of 17.19%, including a Common Equity Tier 1 ratio of 12.80%.

Conclusion

Canara Bank’s Q2 FY27 performance combined an 8.40% rise in net profit with growth in deposits, advances and retail lending. Improvements in asset-quality ratios also featured in the results.

The Canara Bank share price jumped 3.36% to ₹124.49 as of 3:10:57 PM IST on October 14, 2026, following the results announcement.

Source:

• https://www.nseindia.com/get-quote/equity/CANBK/Canara-Bank
• https://nsearchives.nseindia.com/corporate/CANBK_14102026121611_LettertoSESdPR.pdf