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.
๐๐ฒ๐ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐
- Global Business increased 12.11% YoY to โน28,06,226 Cr.
- Domestic Advances grew 15.12% YoY to โน11,61,143 Cr.
- Deposits rose 9.71% YoY to โน15,68,678 Cr.
- Net Profit increased 12.69% YoY to โน19,187 Cr.
- Total Income grew 7.73% YoY to โน1,53,204 Cr.
๐๐๐๐ฒ๐ ๐ค๐๐ฎ๐น๐ถ๐๐ & ๐๐ฎ๐ฝ๐ถ๐๐ฎ๐น ๐ฆ๐๐ฟ๐ฒ๐ป๐ด๐๐ต
- 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%.
๐๐๐๐ถ๐ป๐ฒ๐๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐ ๐ฃ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ฒ
- Retail loan portfolio surged 32.93% YoY to โน2,96,912 Cr.
- MSME advances increased 12.85% YoY to โน1,57,831 Cr.
- Net Interest Margin (NIM) stood at 2.51%, declining 22 bps YoY.
๐๐ถ๐๐ถ๐ฑ๐ฒ๐ป๐ฑ
The Board recommended a dividend of โน4.20 per equity share (210%), subject to shareholder approval.
๐๐ถ๐ด๐ถ๐๐ฎ๐น & ๐๐ป๐ฐ๐น๐๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ธ๐ถ๐ป๐ด ๐๐ป๐ถ๐๐ถ๐ฎ๐๐ถ๐๐ฒ๐
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.
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