Ahmedabad / Bengaluru : Canara Bank has announced robust financial results for the quarter and financial year ended March 31, 2026, registering strong growth across key business parameters including advances, deposits, profitability, and asset quality. The Bank’s Global Business expanded by 12.11% year-on-year to ₹28,06,226 crore, driven by healthy momentum in both deposits and advances. Global Deposits rose 9.71% to ₹15,68,678 crore, while Global Advances increased 15.30% to ₹12,37,548 crore.
Canara Bank reported a Net Profit of ₹19,187 crore for FY26, marking a 12.69% year-on-year growth. Operating Profit stood at ₹33,019 crore, up 5.19% compared to the previous financial year. The Bank also announced a dividend of 210% of paid-up capital for FY26, higher than the 200% declared in FY25.
Retail and RAM segments continued to remain key growth drivers during the year. RAM Credit grew by 19.73% to ₹7,30,520 crore, while the Retail Lending Portfolio surged by 32.93% to ₹2,96,912 crore. Housing loans recorded a growth of 17.55%, and vehicle loans increased by 26.33%.
The Bank also demonstrated continued improvement in asset quality metrics. Gross NPA ratio improved to 1.84% as of March 2026 from 2.94% a year ago, while Net NPA ratio reduced to 0.43% from 0.70%. Provision Coverage Ratio improved to 94.21%.
The Bank’s Credit Cost improved to 0.59%, while Slippage Ratio declined to 0.69%, reflecting prudent risk management and strengthened recovery mechanisms.
On the capital front, Canara Bank maintained a healthy Capital Adequacy Ratio (CRAR) of 17.04%, including CET1 ratio of 12.44%. Canara Bank also surpassed key Priority Sector Lending benchmarks, achieving 43.71% of Adjusted Net Bank Credit (ANBC) towards priority sector lending and 19.52% towards agriculture credit, both above regulatory requirements.
As of March 31, 2026, the Bank operated through an extensive network of 10,097 branches and 11,306 ATMs and recyclers across India, in addition to overseas branches in London, New York, Dubai, and GIFT City, Gujarat. The strong financial performance highlights Canara Bank’s continued focus on sustainable growth, digital banking expansion, retail credit acceleration, and disciplined asset quality management.
Key Financial Highlights (FY26)
- Global Business: ₹28,06,226 crore (+12.11% YoY)
- Global Deposits: ₹15,68,678 crore (+9.71% YoY)
- Global Advances: ₹12,37,548 crore (+15.30% YoY)
- Net Profit: ₹19,187 crore (+12.69% YoY)
- Operating Profit: ₹33,019 crore (+5.19% YoY)
- Retail Credit Growth: 32.93%
- Housing Loan Growth: 17.55%
- Gross NPA Ratio: 1.84%
- Net NPA Ratio: 0.43%
- Provision Coverage Ratio: 94.21%
- Dividend Declared: 210%
Source: Canara Bank Financial Results FY26