'Canara Bank has reported 22%
growth in net profit at Rs 4752.03 crore for the quarter ended June 2025
(Q1FY2026). The bank has posted 2% decline in net interest income (NII), while
the core fee income of the bank improved 16% in Q1FY2026. The Net Interest
Margin (NIM) of the bank declined to 2.55% in Q1FY2026 compared to 2.90% in the
corresponding quarter of previous year.
On business front, the bank as has posted 11%
growth in business with strong 12% surge in loan book. The asset quality of the
bank has further improved in Q1FY2026. Bank has raised the credit to deposit
ratio to 74.7% at end June 2025 from 73.0% at end June 2024. CASA ratio of the
bank was nearly flat at 28.3% at end June 2025 from 28.6% at end June 2024.
Asset quality improves: The bank has improved asset quality in Q1FY2026.
The fresh slippages of loans stood at Rs 2166
crore in Q1FY2026 compared with 2702 crore in previous quarter and Rs 3337
crore in the corresponding q...
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