State-owned Canara Bank on Thursday posted a 22% growth in net profit to ₹4,752 crore during the first quarter of the current financial year.
The Bengaluru-based bank had earned a net profit of ₹3,905 crore in the same quarter of the previous fiscal year.
The total income rose to ₹38,063 crore during the June quarter of fiscal year 2025-26, from ₹34,020 crore in the same quarter of FY25, Canara Bank said in a regulatory filing.
Interest earned by the bank improved to ₹31,003 crore, as compared to ₹28,701 crore in the June quarter FY25.
During the period under review, operating profit of the bank increased to ₹8,554 crore, as compared to ₹7,616 crore in the same quarter a year ago.
The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 2.69% of gross advances at the end of the June quarter, from 4.14% a year ago.
Similarly, net NPAs, or bad loans, declined to 0.63 per cent, as against 1.24 per cent in the year-ago period.
As a result, provisions and contingencies declined to ₹1,845 crore during the first quarter as compared to ₹2,171 crore in the same period a year ago.
Provision Coverage Ratio (PCR) improved to 93.17%, from 89.22%
At the same time, Return on Assets (ROA) improved to 1.14 per cent for June 2025, from 1.05% at June 2024.
Capital adequacy ratio of the bank rose to 16.52%, from 16.38% in the same quarter of FY25.
