Canara Bank released its Annual Report for FY26 on May 26, 2026, reporting strong growth across advances, retail banking, profitability, and asset quality, while continuing to expand its digital and inclusive banking initiatives.
𝗞𝗲𝘆 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘀
- Global Business increased 12.11% YoY to ₹28,06,226 Cr.
- Domestic Advances grew 15.12% YoY to ₹11,61,143 Cr.
- Deposits rose 9.71% YoY to ₹15,68,678 Cr.
- Net Profit increased 12.69% YoY to ₹19,187 Cr.
- Total Income grew 7.73% YoY to ₹1,53,204 Cr.
𝗔𝘀𝘀𝗲𝘁 𝗤𝘂𝗮𝗹𝗶𝘁𝘆 & 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗦𝘁𝗿𝗲𝗻𝗴𝘁𝗵
- Gross NPA improved by 110 bps YoY to 1.84%.
- Net NPA declined by 27 bps YoY to 0.43%.
- Provision Coverage Ratio (PCR) improved to 94.21%.
- Capital Adequacy Ratio (CRAR) under Basel III stood at 17.04%.
𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲
- Retail loan portfolio surged 32.93% YoY to ₹2,96,912 Cr.
- MSME advances increased 12.85% YoY to ₹1,57,831 Cr.
- Net Interest Margin (NIM) stood at 2.51%, declining 22 bps YoY.
𝗗𝗶𝘃𝗶𝗱𝗲𝗻𝗱
The Board recommended a dividend of ₹4.20 per equity share (210%), subject to shareholder approval.
𝗗𝗶𝗴𝗶𝘁𝗮𝗹 & 𝗜𝗻𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗜𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲𝘀
Key initiatives undertaken during FY26 include:
- Launch of Braille Credit Cards for visually impaired customers.
- Nominee updation for safe deposit lockers through mobile and internet banking.
- Enhancement of Central Bank Digital Currency (CBDC) programmability for PMGKAY implementation.
Canara Bank stated that FY26 performance was supported by strong retail and MSME growth, improved asset quality, higher provisioning coverage, and continued focus on technology-led banking services.
