Canara Bank Q3 FY26 Earnings Results: Net Profit Jumps 26%, Asset Quality Improves Sharply

For the quarter ended December 31, 2025, Canara bank delivered a solid performance across key financial metrics. Net profit rose 25.61% year-on-year to ₹5,155 crore, supported by steady business growth and better asset quality.

Operating profit increased 16.36% to ₹9,119 crore, while earnings per share grew 22.11%, reflecting improved profitability.

Canara Bank Business Growth Remains Robust

The bank’s overall business showed healthy momentum during the quarter:

• Global business rose 13.23% YoY to ₹27.14 lakh crore
• Global deposits grew 12.95% to ₹15.21 lakh crore
• Global advances increased 13.59% to ₹11.92 lakh crore

On the domestic front, deposits grew 11.10% to ₹13.97 lakh crore, while domestic advances rose 13.34% to ₹11.19 lakh crore.

Retail and RAM Credit Drive Growth

Retail and RAM (Retail, Agriculture, MSME) segments continued to lead credit expansion:

• RAM credit grew 18.70% to ₹7.04 lakh crore
• Retail loans jumped 31.37% to ₹2.73 lakh crore
• Housing loans increased 17.58%
• Vehicle loans grew 26.20%

This highlights the bank’s strong focus on granular and secured lending.

Asset Quality Improves Further

The bank reported a sharp improvement in asset quality:

• Gross NPA ratio improved to 2.08% from 3.34% last year
• Net NPA ratio declined to 0.45% from 0.89%
• Provision Coverage Ratio strengthened to 94.19%
• Credit cost reduced to 0.64%
• Slippage ratio improved to 0.64%

These numbers reflect better recoveries and lower stress formation. 

Priority Sector Targets Achieved

The bank exceeded regulatory norms across priority lending:

• Priority sector lending: 45.25% of ANBC
• Agriculture credit: 20.11%
• Weaker sections: 19.05%
• Small & marginal farmers: 13.07%
• Micro enterprises: 9.84%

Wide Branch and ATM Network

As of December 31, 2025, the bank operated:

• 10,066 branches across India
• 7,048 ATMs
• 4 overseas branches in London, New York, Dubai, and GIFT City, Gujarat

Also Read: TCS Announces USD 37 Million Investment to Build Largest Delivery Centre in Brazil!

Canara Bank Share Price Movement

Canara Bank share price (NSE: CANBK) was trading at ₹151.11 on the NSE at 1:46 pm IST on January 29, down ₹6.63 or 4.20% for the day. The stock opened at ₹158, touched an intraday high of ₹160.79 and slipped to a low of ₹149.60. The stock offers a dividend yield of 2.65%, with a quarterly dividend amount of ₹1 per share. Over the past year, the share has moved between a 52-week high of ₹160.79 and a 52-week low of ₹78.60.

Conclusion

The bank’s Q3 FY26 results show strong profit growth, steady business expansion, and improving asset quality. With rising retail lending, lower NPAs, and a solid capital base, the bank is well-positioned for sustainable growth ahead.

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