Canara Bank’s quarterly results declared, net profit increased by 22 percent in the first quarter

Canara bank Quarterly Results Announced: The net profit of the public sector Canara Bank in the first quarter of 2025-26 increased to Rs 4,752 crore in the first quarter of 2025-26. The bank in Bangalore had a profit of Rs 3,905 crore in the first (April-June) quarter of the last financial year 2024-25.ALSO READ: HDFC Bank’s net profit decreased by 1.31 percent to Rs 16,258 crore in June quarter
In the information given to the stock market, Canara Bank said that its total income increased to Rs 38,063 crore during the period under review, which was Rs 34,020 crore in the same period last year. The interest earned by the bank increased to Rs 31,003 crore during this period, which was Rs 28,701 crore in the same quarter of the previous year.

Bank’s operational profit increased to 8,554 crores: The bank’s operational profit increased to Rs 8,554 crore in the quarter under review, while it was Rs 7,616 crore in the same quarter 1 year ago. The bank’s asset quality improvement was observed. Gross non-performing assets (NPAs) came to 2.69 percent of gross advances at the end of the April-June quarter, which was 4.14 percent 1 year ago. Similarly, pure NPA or submerged loan declined to 0.63 percent while it was 1.24 percent in the same period 1 year ago. (Language)

Edited by: Ravindra Gupta