New Delhi, Oct. 30 -- Canara Bank, the state-run lender, on Thursday reported a net profit growth of Rs.19% year-on-year (YoY) at Rs.4,773.96 crore in the second quarter of FY26. The PSU bank had posted a net profit of Rs.4,014.53 crore in the same quarter previous fiscal year.
The bank's Net Interest Income (NII) declined 2% to Rs.9,141 crore from Rs.9,315 crore, YoY.
Pre-Provisions Operating Profit during the September quarter increased 12.2% to Rs.8,588.13 crore from Rs.7,653.83 crore.
Asset quality of Canara Bank improved sequentially. Gross non-performing assets (NPA) in Q2FY26 decreased 8.39% to Rs.27,040.27 crore from Rs.29,518.43 crore, quarter-on-quarter (QoQ). Gross NPA as a percentage of Gross Advances, or Gross NPA ratio, d...
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