Delhi, 30 October (H.S.): State-owned Canara Bank on Thursday announced a 19 percent rise in its net profit to ₹4,774 crore for the second quarter of the fiscal year 2025-26, which ended on September 30. This marks a significant increase from the ₹4,015 crore profit reported in the corresponding quarter of the previous fiscal year.

In a regulatory filing with the stock exchange, the bank reported that its total income grew to ₹38,598 crore, up from ₹34,721 crore in the same period last year. Interest income for the quarter also increased to ₹31,544 crore from ₹29,740 crore year-on-year. However, the bank’s Net Interest Income (NII) experienced a slight decrease, settling at ₹9,141 crore compared to ₹9,315 crore in the same period last year.

Conversely, operating income rose to ₹8,588 crore from ₹7,654 crore in the prior year’s second quarter.Canara Bank demonstrated notable improvements in its asset quality. The bank’s Gross Non-Performing Assets (NPAs) were reduced to 2.35 percent of gross advances by the end of September 2025, a substantial improvement from 3.73 percent recorded in September 2024.

Likewise, Net NPAs, or bad loans, declined to 0.54 percent from 0.98 percent over the same period. The Provision Coverage Ratio (PCR) also strengthened, increasing to 93.59 percent as of September 30, 2025, from 90.89 percent a year earlier.

K. Satyanarayana Raju, the Managing Director and CEO of Canara Bank, commented on the results, stating that the bank possesses sufficient capital to support its current business growth. He affirmed that there is no requirement for additional capital during the current fiscal year 2025-26.

Hindusthan Samachar / Jun Sarkar