CANBK

Canara Bank reported a weaker Q4 FY26

Canara Bank reported a weaker Q4 FY26 performance with net profit falling nearly 10% YoY to around ₹4,506 crore, though asset quality improved and the board declared a dividend of ₹4.20 per share (210%). The decline was mainly due to lower operating profit, but deposits and advances showed healthy growth. Canara Bank Q4 FY26 Highlights (Jan–Mar 2026) Financial Performance Net Profit: ₹4,505.57 crore (−9.9% YoY) vs ₹5,002.66 crore last year. Operating Profit: ₹6,758 crore (−18.4% YoY). Net Interest Income (NII): ₹9,808 crore (+4% YoY). Net Interest Margin (NIM): 2.54% (down from 2.73% YoY). Dividend: ₹4.20 per share (210% of face value ₹2) Asset Quality Gross NPA Ratio: 1.84% (improved from 2.94% YoY). Net NPA Ratio: 0.43% (improved from 0.70% YoY). Provision Coverage Ratio (PCR): 94.21% (up from 92.7% YoY). Slippages: ₹2,800 crore (vs ₹1,899 crore in Q3 FY26) Key Takeaways for Investors Profitability Pressure: Despite NII growth, higher slippages and weaker operating profit dragged net profit down. Strong Loan Growth: Advances grew over 15% YoY, showing robust credit demand. Improved Asset Quality: GNPA and NNPA ratios improved significantly, reflecting better risk management. Dividend Payout: ₹4.20 per share signals continued shareholder returns despite profit decline. Stock Reaction: Shares fell over 3–4% post-results, reflecting investor concerns about profitability.