Canara Bank Posts 10% Decline in Profit After Tax in Q4, Declares Dividend

Canara Bank Posts 12.7% Rise in Net Profit for Fiscal Year Ending March 2026

Canara Bank, a public sector lender, has reported a 12.7 percent rise in net profit for the fiscal year ending March 2026. The bank's net profit stood at Rs 19,187 crore as of March 2026, a significant increase from Rs 17,027 crore in the previous year.

Key Financial Highlights for Fiscal Year Ending March 2026

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The bank's net interest margin (NIM) for the quarter moderated in line with most major banks, standing at 2.54 percent for Q4 FY26, compared to 2.73 percent in the prior corresponding quarter.

Canara Bank's asset quality improved throughout the year. The gross non-performing asset (GNPA) ratio for the March quarter came in at 1.84 percent for Q4 FY26, a significant improvement from 2.94 percent in Q4 FY25. On a sequential basis, the GNPA improved by 24 basis points from 2.08 percent in Q3 FY26. The net non-performing asset (NNPA) ratio for the March quarter came in at 0.43 percent, compared to 0.70 percent in Q4 FY25.

Provisions also declined significantly on a sequential and year-on-year basis for the quarter. In Q4, the provisions were at Rs 2,252 crore, compared to Rs 3,964 crore in Q3 FY26 and Rs 3,280 crore in Q4 FY25.

The bank posted a common equity ratio of 12.44 percent for March 2026, compared to 12.03 percent in March 2025. Canara Bank's domestic deposits stood at Rs 14,36 lakh crore as of March 2026, growing 7.95 percent on a year-on-year basis, while advances stood at Rs 11.61 lakh crore as of March 2026, rising 15.12 percent on a YoY basis.

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The bank ended the year with a return on assets (RoA) of 1.10 percent as of the end of March 2026, a slight improvement from 1.09 percent in March 2025.

Shares of the lender were trading 3.85 percent lower at Rs 129.17 apiece as of 1345 IST. The bank declared a dividend of Rs 4.2 per share.