Canara Bank Achieves Significant Growth in Financial Performance for September 2025

Canara Bank's financial performance for the quarter ending September 2025 showed a notable increase in net profit, reaching Rs 4,774 crore. This represents an 18.93% rise year-on-year (YoY), despite some pressure on margins. The bank's operational efficiency and steady profitability were key contributors to this growth.

During this period, Canara Bank's gross business saw a significant rise of 13.55% YoY and 4.48% quarter-on-quarter (QoQ), amounting to Rs 26,78,963 crore. The domestic gross business increased by 12.93% YoY and 4.45% QoQ to Rs 24,76,427 crore, while overseas gross business surged by 21.66% YoY to Rs 2,02,536 crore.

The bank reported a total interest income of Rs 31,544 crore, marking a 6.07% increase YoY. However, net interest income saw a slight decline of 1.87% YoY but improved by 1.47% QoQ. Total interest expenses rose by 9.86% YoY to Rs 22,403 crore.

Operating profit for the quarter stood at Rs 8,588 crore, reflecting a 12.20% increase YoY. Meanwhile, provisions increased by 4.78% YoY to Rs 3,814 crore. Total expenditure reached Rs 30,010 crore, up by 10.87% YoY.

Global deposits experienced a growth of 13.40% YoY and 4.11% QoQ, totalling Rs 15,27,922 crore. Domestic deposits rose by 12.62% YoY and 4.20% QoQ to Rs 13,94,999 crore. Current deposits saw a significant jump of 62.84% YoY and 40.48% QoQ to Rs 75,920 crore.

The bank's global gross advances increased by 13.74% YoY and 4.99% QoQ to Rs 11,51,041 crore. Domestic advances amounted to Rs 10,81,428 crore while offshore advances grew by an impressive 20.34% YoY to Rs 69,613 crore.

Asset Quality and Risk Management

Canara Bank's asset quality showed improvement with the Gross NPA ratio dropping to 2.35%, down from the previous year's figure of 3.73%. Gross NPAs decreased from Rs 37,733 crore in September last year to Rs 27,040 crore this year.

The Net NPA ratio also improved significantly to 0.54%, compared to last year's figure of 0.99%. The Net NPA amount reduced to Rs 6,113 crore from the previous year's level.

The bank's Provision Coverage Ratio (PCR) reached an impressive level of 93.59%, highlighting strong provisioning buffers against potential losses.

Branch Network

As of September end in the year under review, Canara Bank operated a network of 9,948 branches across various regions in India. This included a mix of rural (3,165), semi-urban (2,954), urban (1,957), and metro branches (1,872). Additionally, the bank maintained a robust presence with over seven thousand ATMs nationwide.

The Slippage Ratio improved from last year's figure of 0.25% to the current quarter's level of just 0.19%. Credit Cost (annualised) also showed improvement at a rate of just under one percent at approximately .68%, indicating better credit underwriting practices.

The bank's CASA Deposits (Current Account and Savings Account) grew by an impressive rate of over ten percent year-on-year reaching Rs four lakh twenty-eight thousand one hundred fifteen crores.