Canara Bank Q4 Results: PAT drops 10% YoY to Rs 4,506 crore; NII up 4%
AI Summary
Canara Bank reported a 10% drop in its profit after tax (PAT) for Q4 2026 compared to the previous year, despite an increase in net interest income. The financial performance reflects broader market trends impacting the banking sector.
Canara Bank on Monday reported a consolidated net profit of Rs 4,506 crore in the March-ended quarter, down 10% year-over-year (YoY) from Rs 5,002 crore in the year-ago period. The PSU lender's net interest income (NII) in Q4FY26 was up 4% to Rs 9,808 crore versus Rs 9,442 crore posted by the company in the corresponding quarter of the previous financial year. The lender's net interest income (NII) in Q4FY26 was up 4% to Rs 9,808 crore versus Rs 9,442 crore posted by the company in the corresponding quarter of the previous financial year.The profit after tax (PAT) was down 13% sequentially from Rs 5,155 crore posted in Q3FY26.Following the earnings announcement, Canara Bank shares plunged 7% to hit the day’s low of Rs 130.50 on the NSE. Net profit for the full financial year rose 13% YoY to Rs 19,187 crore.BusinessGlobal business increased 12.11% YoY to Rs 28,06,226 crore as of March 2026, while global deposits rose 9.71% YoY to Rs 15,68,678 crore. Gross global advances increased 15.30% YoY to Rs 12,37,548 crore.Domestic deposits stood at Rs 14,36,905 crore as of March 2026, registering a growth of 7.95% YoY, while gross domestic advances rose 15.12% YoY to Rs 11,61,143 crore. The retail lending portfolio grew 32.93% YoY to Rs 2,96,912 crore, while the housing loan portfolio increased 17.55% YoY to Rs 1,24,799 crore.Asset QualityGross non-performing assets (GNPA) ratio improved to 1.84% as of March 2026, compared with 2.08% in December 2025 and 2.94% in March 2025.Net non-performing assets (NNPA) ratio improved to 0.43% as of March 2026, compared with 0.45% in December 2025 and 0.70% in March 2025. Provision coverage ratio (PCR) stood at 94.21% as of March 2026, against 94.19% in December 2025 and 92.70% in March 2025.Capital adequacyCapital to risk-weighted assets ratio (CRAR) stood at 17.04% as of March 2026. Of this, CET1 stood at 12.44%, Tier-I at 14.59% and Tier-II at 2.45%.NetworkAs of March 31, 2026, the bank had 10,097 branches, including 3,200 rural, 3,025 semi-urban, 1,987 urban and 1,885 metro branches, along with 11,306 ATMs and recyclers. The bank also has four overseas branches in London, New York, Dubai and GIFT City.(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)