The public sector bank Canara reported an 8 percent increase in net profit, which amounted to 5,175 crore rupees for the September quarter of the current fiscal year. In the same period last fiscal year, the bank earned a net profit of 4,774 crore rupees.
According to the report submitted to regulatory authorities, the bank's total income in the second quarter increased to 40,931 crore rupees compared to 38,598 crore rupees in the same period of the previous fiscal year.
Interest income improved, reaching 35,159 crore rupees, whereas it was 31,544 crore rupees a year earlier. Net interest income showed significant growth of 20 percent in the reporting quarter, amounting to 11,005 crore rupees versus 9,141 crore rupees a year ago.
Operating profit also rose to 8,758 crore rupees compared to 8,588 crore rupees in the corresponding quarter of last year.
Regarding asset quality, the bank's gross non-performing assets (NPA) decreased to 1.33 percent of total loans as of the end of September 2026, compared to 2.35 percent a year earlier. Similarly, net NPAs or bad loans decreased to 0.3 percent at the end of September 2026, compared to 0.54 percent at the end of September 2025.
As a result of this decrease, provisions for bad loans reduced to 1,339 crore rupees compared to 1,504 crore rupees in the second quarter of the last fiscal year.