R ARIVANANTHAM
CHENNAI, JAN 29
State-owned Canara Bank delivered a stellar performance in the third quarter ended December 31, 2025, reporting sharp gains across profitability, business growth, and asset quality, underlining the lender’s steady transformation into a resilient, growth-oriented institution.
Canara Bank announces financial results for the third quarter of FY 2025-26. Here are the key highlights.#CanaraBank #TogetherWeCan #FinancialResults pic.twitter.com/2mduJFaH0r
— Canara Bank (@canarabank) January 29, 2026
The Bank’s global business rose 13.23% year-on-year to ₹27,13,594 crore, while global deposits grew 12.95% to ₹15,21,268 crore and gross global advances climbed 13.59% to ₹11,92,326 crore, reflecting sustained momentum across domestic and overseas operations.
- Strong loan growth, robust deposits drive double-digit expansion across segments
- Retail and RAM credit fire on all cylinders; housing and vehicle loans shine
- NPAs fall to multi-year lows, provision cover nears 95%
- GIFT City emerges as global gateway for overseas business
- Financial inclusion, SHG automation, and capital strength reinforce growth story
Another Quarter of Strong Performance!
Canara Bank's Q3 FY 2025-26 results showcase robust growth and your trust in us. Here's a glimpse of our achievements.#CanaraBank #TogetherWeCan #FinancialResults pic.twitter.com/OpYKnv1wiE— Canara Bank (@canarabank) January 29, 2026
Net profit surged 25.61% year-on-year to ₹5,155 crore, supported by healthy interest income, controlled credit costs, and improving asset quality. Operating profit increased 16.36% to ₹9,119 crore, while earnings per share rose 22.11%, reinforcing shareholder value creation.
Retail-led growth remained the cornerstone of performance. RAM credit expanded 18.70%, while the retail loan portfolio jumped 31.37%, driven by housing loan growth of 17.58% and vehicle loan growth of 26.20%. Fee-based income stood at ₹2,327 crore, registering a 6.50% increase.
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Asset quality continued to improve significantly. The gross NPA ratio declined to 2.08%, improving by 126 basis points, while the net NPA ratio fell to 0.45%, an improvement of 44 basis points. The provision coverage ratio strengthened to 94.19%, up by 293 basis points, providing a strong buffer against future stress. Credit cost moderated to 0.64%, and the slippage ratio improved to 0.64%.
The Bank’s capital position remained comfortable, with a Capital to Risk-Weighted Assets Ratio of 16.50%, comprising CET-1 at 12.37%, Tier-I at 14.60%, and Tier-II at 1.90%, supporting future growth ambitions.
On the international front, Managing Director and CEO i/c Hardeep Singh Ahluwalia underlined the strategic importance of the Bank’s global hub.
“The GIFT City branch of Canara Bank has been growing between 15 to 20 per cent every year and we will strive hard to maintain this momentum. All overseas loans will be routed through the GIFT City branch,” he said.
Highlighting the Bank’s focus on technology-driven inclusion, he added, “Canara Bank is in the process of fully automating SHG loans in three states,” signalling a major push towards digitisation of grassroots credit delivery.
Domestically, deposits stood at ₹13,97,045 crore, growing 11.10%, while domestic advances reached ₹11,19,289 crore, up 13.34% year-on-year. Credit to priority sectors exceeded regulatory benchmarks, with priority sector lending at 45.25% of ANBC and agricultural credit at 20.11%. Lending to small and marginal farmers, weaker sections, micro enterprises, and non-corporate farmers also surpassed mandated norms, underscoring the Bank’s deep commitment to inclusive growth.
As of December 31, 2025, Canara Bank operated a vast network of 10,066 branches—spanning rural, semi-urban, urban and metro centres—supported by 7,048 ATMs. Its international footprint includes four overseas branches in London, New York, Dubai, and the International Banking Unit at GIFT City, Gujarat.
With consistent profitability, declining NPAs, expanding retail credit, and a clear global strategy anchored at GIFT City, Canara Bank’s Q3 performance positions it firmly among the strongest public sector banks as it heads into the final quarter of FY26.
