Canara Bank Q2 FY27 Results: Net Profit Grows 8.4% YoY
Introduction
Canara Bank announced its Q2 FY27 financial results on 14 October 2026 for the quarter and half-year ended 30 September 2026. The bank reported an 8.40% year-on-year (YoY) increase in net profit, supported by growth in deposits, advances and overall business. It also recorded improvements in key asset quality indicators.
The canara bank stock performance following the results is an important area of interest for market participants tracking the bank's financial progress. Investors following banking stocks can also compare brokerage services and demat and trading account charges before deciding how to access the stock market.
Canara Bank Q2 FY27 Results Highlights
Canara Bank reported the following financial and operational figures for September 2026.
|
Financial Metric |
Q2 FY27 Performance |
YoY Growth |
|
Net Profit |
Rs. 5,175 crore |
8.40% |
|
Operating Profit |
Rs. 8,758 crore |
1.98% |
|
Global Business |
Rs. 30,72,365 crore |
15.88% |
|
Global Deposits |
Rs. 16,97,305 crore |
13.13% |
|
Global Advances |
Rs. 13,75,060 crore |
19.46% |
|
Earnings Per Share |
Rs. 22.06 |
5% |
Source: Canara Bank's press release dated 14 October 2026.
Canara Bank's net earnings reached Rs. 5,175 crore in Q2 FY27, reflecting year-on-year growth of 8.40%. Operating profit stood at Rs. 8,758 crore, registering a more moderate growth of 1.98%. Meanwhile, global business expanded by 15.88%, reflecting growth in the bank's deposit and lending operations.
Business Performance and Credit Growth
Canara Bank's global business reached Rs. 30,72,365 crore as of 30 September 2026. Global deposits increased by 13.13% year-on-year to Rs. 16,97,305 crore, while gross global advances rose by 19.46% to Rs. 13,75,060 crore.
Domestic deposits stood at Rs. 15,47,979 crore, registering growth of 10.97%. Domestic gross advances reached Rs. 12,64,753 crore, increasing by 16.95% over the corresponding period of the previous year.
The bank's Retail, Agriculture and MSME (RAM) credit grew by 21.03% to Rs. 8,12,310 crore. Its retail lending portfolio expanded by 31.61% to Rs. 3,30,587 crore. Housing loans increased by 17.35% to Rs. 1,34,501 crore, while vehicle loans grew by 25.50%.
These figures indicate continued expansion in Canara Bank's lending activities, particularly in its retail portfolio.
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Asset Quality and Capital Adequacy
Canara Bank's asset quality indicators showed an improvement in the second quarter of FY27.
|
Asset Quality Indicator |
September 2026 |
September 2025 |
|
Gross NPA Ratio |
1.33% |
2.35% |
|
Net NPA Ratio |
0.30% |
0.54% |
|
Provision Coverage Ratio |
95.34% |
93.59% |
The gross non-performing asset (GNPA) ratio declined to 1.33% from 2.35% a year earlier. The net NPA ratio decreased to 0.30% from 0.54%, while the provision coverage ratio improved to 95.34% from 93.59%.
Credit cost stood at 0.47%, improving by 21 basis points year-on-year. The slippage ratio also improved by 18 basis points. These indicators provide additional context for assessing the bank's asset quality and credit risk.
Canara Bank's capital adequacy ratio (CRAR) stood at 17.19% as of 30 September 2026. The reported components included CET1 at 12.80%, Tier-I at 2.25% and Tier-II at 2.14%.
Conclusion
Canara Bank's Q2 FY27 results showed an 8.40% increase in net profit, 15.88% growth in global business and an improvement in asset quality. Growth in deposits, advances and retail lending also contributed to the bank's overall business expansion.
Monitoring canara bank stock performance alongside subsequent quarterly results, asset quality indicators and valuation measures can help readers understand how the bank's financial position develops over time. Those considering market participation can compare available services and best trading app start from 10 rupees offerings carefully, checking the applicable terms, brokerage and other charges rather than relying on the advertised starting amount alone.
Frequently Asked Questions
What was Canara Bank's net profit in Q2 FY27?
For Q2 FY27, Canara Bank recorded a profit of Rs. 5,175 crore, up 8.40% from the same quarter in FY26.
How much did Canara Bank's global business grow in Q2 FY27?
Canara Bank's global business reached Rs. 30,72,365 crore as of 30 September 2026, registering year-on-year growth of 15.88%.
How did Canara Bank's asset quality perform in Q2 FY27?
Canara Bank recorded better asset quality metrics in Q2 FY27, with the gross NPA ratio dropping from 2.35% to 1.33% and the net NPA ratio decreasing from 0.54% to 0.30% compared with September 2025.
What was Canara Bank's earnings per share (EPS) in Q2 FY27?
Canara Bank's earnings per share stood at Rs. 22.06 in Q2 FY27, up 5% from the corresponding quarter of the previous year.
What factors can influence Canara Bank's share price in the future?
Canara Bank's future share price may be influenced by earnings growth, deposit and credit growth, asset quality, capital adequacy, interest rate movements, valuation and overall market conditions. The Q2 FY27 results provide financial information for analysis but do not establish a specific future share price.
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