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India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
On October 29, 2026, the Reserve Bank of India imposed a total monetary penalty of ₹7,30,000 on Canara Bank for ATM cashout irregularities involving 47 ATMs in Karnataka and 26 in Tamil Nadu. The bank reported that the financial impact is limited to this penalty amount, which it will remit to the RBI.
Effective November 2, 2026, Canara Bank revised its fixed deposit interest rates for domestic term deposits below ₹3 crore. General customers can earn up to 6.75%, while senior citizens are eligible for returns up to 7.25%. These rates apply across various tenures.
Canara Bank has exercised its call option on a ₹1,500 crore Basel III-compliant Additional Tier I bond (ISIN INE476A08134). With RBI approval received on October 27, 2026, the bond will be redeemed on December 2, 2026. Bondholders receive principal plus accrued interest from December 2, 2025, to December 1, 2026, with a record date of November 17, 2026.
As of November 5, 2026, Canara Bank's stock closed at ₹122.90. Over the trailing one-year period, the stock returned -12.0%, with a year-to-date return of -20.3%. However, recent short-term momentum shows positive returns of +3.9% over one day and +3.7% over one month, despite a monthly technical supertrend indicating bullish conditions.
As of 06 Nov 2026, 03:30 pm
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Trading activity was substantially higher than usual and the price closed lower.
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Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Income | PEAK₹42,013.74 crore | ₹39,695.71 crore | ₹40,938.80 crore |
| Interest Earned | ₹32,071.97 crore | ₹32,957.16 crore | PEAK₹35,161.97 crore |
| Interest Expended | ₹22,412.22 crore | ₹22,737.40 crore | PEAK₹24,150.60 crore |
| Expenditure Excluding Provisions And Contingencies | PEAK₹33,309.18 crore | ₹31,048.77 crore | ₹32,171.20 crore |
| Operating Expenses | PEAK₹10,896.96 crore | ₹8,311.37 crore | ₹8,020.60 crore |
| Operating Profit Before Provision And Contingencies | ₹8,704.56 crore | ₹8,646.94 crore | PEAK₹8,767.60 crore |
| Provisions Other Than Tax And Contingencies | PEAK₹2,354.02 crore | ₹2,080.05 crore | ₹1,781.98 crore |
| Profit Loss From Ordinary Activities Before Tax | ₹6,350.54 crore | ₹6,566.89 crore | PEAK₹6,985.62 crore |
| Tax Expense | ₹1,484.78 crore | ₹1,702.81 crore | PEAK₹1,803.59 crore |
| Profit Loss After Taxes Minority Interest And Share Of Profit Loss Of Associates | ₹4,850.03 crore | ₹5,180.71 crore | PEAK₹5,381.59 crore |
| Basic Earnings Per Share After Extraordinary Items | ₹5.35 per share | ₹5.71 per share | PEAK₹5.93 per share |
Interest earned increased 6.7% sequentially to ₹35,161.97 crore and 9.6% from ₹32,071.97 crore in the year-earlier quarter. Interest expended rose 6.2% sequentially to ₹24,150.60 crore. Other income fell 14.3% from the June quarter to ₹5,776.83 crore.
Total income was ₹40,938.80 crore, up 3.1% sequentially but down 2.6% from ₹42,013.74 crore a year earlier. The year-on-year decline reflected the comparison with higher other income in that quarter.
Canara Bank’s profit increased year on year as provisions declined and asset-quality measures continued to improve. Interest income grew, but total income was lower than in the corresponding quarter a year earlier, and operating profit was broadly steady. Rapid growth in advances and deposits accompanied a lower sequential CET1 ratio and a modestly lower return on assets year on year; these are important measures to track alongside the improvement in bad loans.
Disclosed bulk and block transactions involving Canara Bank, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for Canara Bank.
Canara Bank revised its Marginal Cost of Funds Based Lending Rates (MCLR) effective 12.11.2026, increasing each listed tenor’s rate by 0.10 percentage points: Overnight to 8.05, One Month to 8.15, Three Month to 8.40, Six Month to 8.75, One Year to 8.90, Two Year to 9.15, and Three Year to 9.20.
Canara Bank informed the National Stock Exchange and Bombay Stock Exchange on November 3, 2026, that its Registrar and Share Transfer Agent (RTA), KFin Technologies Limited, is shifting its Corporate Office effective December 1, 2026. The RTA’s address will change from Hyderabad to Kokapet, Ranga Reddy District, Telangana, while the Registered Office remains unchanged.
Canara Bank decided to exercise the call option on 2 December 2026 for its ₹1,500 crore Basel III-compliant Additional Tier I bond (ISIN INE476A08134), issued on 2 December 2021 with an 8.05% annual coupon. The Bank stated that it received the Reserve Bank of India’s necessary approval by letter dated 27 October 2026. Bondholders are to receive principal plus interest accrued for 2 December 2025 to 1 December 2026 on 2 December 2026; the record date is 17 November 2026. The Bank informed the stock exchanges and issued notice to bondholders on 30 October 2026.
The Reserve Bank of India imposed a total monetary penalty of Rs. 7,30,000 on Canara Bank for ATM cashout involving 47 ATMs in Karnataka and 26 ATMs in Tamil Nadu. The Bank received the order on 29 October 2026 and reported the financial impact as limited to the penalty amount.
The Reserve Bank of India imposed a ₹7,30,000 penalty on Canara Bank on account of ATM Cashout. The bank said the impact would be limited to the penalty amount and that it would remit the amount to the RBI. The communication was received on 29 October 2026.
The Reserve Bank of India granted Canara Bank permission on 27 October 2026 to exercise the call option on its Basel III-compliant Additional Tier I bonds (ISIN INE476A08134) of ₹1,500 crore, subject to the terms of issue and applicable laws and regulations. The bank stated that it is in the process of exercising the option; the filing does not report that the call has been completed.
Canara Bank has informed the Exchange regarding ''. Exercising of Call Option of Basel III Compliant Additional Tier I Bond (ISIN: INE476A08134)-RBI Approval |SUBJECT: Updates
Recent market and company developments associated with Canara Bank.
Canara Bank estimates a one-time transition impact of ₹12,000-15,000 crore on its net worth due to the upcoming implementation of the Expected Credit Loss (ECL) regime starting FY28. The bank plans to stagger this impact over two years and anticipates higher recurring credit costs, potentially lowering its Return on Assets (RoA) to around 0.8 per cent.
Brokerages have highlighted BPCL, Canara Bank, Hero MotoCorp, and HCL Tech as Diwali stock picks for Samvat 2083, citing their annual dividend yields ranging from 2.72% to 3.96%. These selections are presented ahead of the Muhurat trading session on November 8, targeting investors seeking regular income alongside potential capital appreciation.
A Delhi district consumer commission has ordered Canara Bank to refund Rs 4.14 lakh, pay Rs 1 lakh in compensation, and cover Rs 50,000 in legal costs after cyber fraudsters siphoned Rs 5.44 lakh from a customer's account in April 2024. The commission ruled that the bank failed to prove the customer voluntarily authorized the transactions or was solely negligent, as it could not produce complete technical audit trails despite the use of her credentials for authentication. This decision underscores that technical authentication does not automatically equate to voluntary authorization in cases o
Lenders led by Canara Bank have approved a ₹522-crore one-time settlement offer from Supreme Housing and Hospitality, resolving debts of close to ₹700 crore with a recovery rate just short of 75%. The agreement covers both fund-based exposure for Canara Bank and non-fund exposure arising from corporate guarantees given to subsidiary entities. This resolution marks a major milestone in the company's financial restructuring and will now be submitted to the NCLT for final approval.
Punjab National Bank and Canara Bank have revised their fixed deposit interest rates for domestic term deposits below ₹3 crore, effective November 1 and November 2, 2026, respectively. The revisions result in maximum returns of up to 6.60% for general customers and 7.10% for senior citizens at PNB, while Canara Bank offers up to 6.75% and 7.25% for the same categories. Additionally, Axis Bank separately updated interest rates on bulk fixed deposits of ₹3 crore and above starting November 3, 2026.
Public Sector Banks Punjab National Bank and Canara Bank have revised their fixed deposit interest rates, offering up to 7.25 percent for senior citizens. Concurrently, Axis Bank has updated its bulk deposit rates.
Punjab National Bank and Canara Bank have revised their fixed deposit interest rates effective November 1 and 2, 2026, respectively, with senior citizens eligible for returns up to 7.25% at Canara Bank and 7.10% at PNB. These updates follow a recent revision by Bank of India, which introduced a special 500-day scheme offering 7.35% to senior citizens. The revised rates apply to domestic term deposits below Rs 3 crore across various tenures.
At least four Indian staterun and private lenders are deferring their plans to tap the US dollar debt market as a recent spike in Treasury yields and hedging costs has made this proposition expensive, bank officials and merchant bankers said.
Comprehensive Section Breakdown for Canara Bank
Strategic Vision: Public sector bank offering diverse financial services across India.
• Pioneering innovations in the Indian banking sector.
• Extensive geographical reach across India.
• Established network of branches and ATMs.
Canara Bank’s consolidated profit after tax, including minority interest and share of profit from associates, was ₹5,381.59 crore in the quarter ended 30 September 2026. It rose 3.9% from the June quarter and 11.0% from the corresponding quarter a year earlier. Earnings per share was ₹5.93, compared with ₹5.71 sequentially and ₹5.35 a year earlier. Lower provisions and continued improvement in reported asset-quality measures supported the quarter, while return on assets eased from a year earlier.
Operating expenses declined 3.5% sequentially to ₹8,020.60 crore, including employee costs of ₹4,812 crore, down from ₹5,094.68 crore in the June quarter. Operating profit before provisions and contingencies rose 1.4% sequentially to ₹8,767.60 crore, but was little changed from ₹8,704.56 crore a year earlier.
Provisions other than tax and contingencies decreased to ₹1,781.98 crore from ₹2,080.05 crore in the June quarter and ₹2,354.02 crore a year earlier. Profit before tax rose to ₹6,985.62 crore from ₹6,566.89 crore sequentially and ₹6,350.54 crore in the corresponding year-earlier quarter. Tax expense was ₹1,803.59 crore, compared with ₹1,702.81 crore sequentially.
Gross non-performing assets fell to ₹18,308.38 crore at 30 September 2026, from ₹20,363.77 crore at 30 June and ₹27,049.70 crore a year earlier. The gross NPA ratio declined to 1.33%, from 1.57% and 2.35%, respectively. Net NPAs decreased to ₹4,053.19 crore, while the net NPA ratio eased to 0.30% from 0.36% sequentially and 0.54% a year earlier.
The reduction in reported bad-loan balances coincided with lower provisions, strengthening the quarter’s earnings profile. The improvement in asset-quality measures is a notable development for investors alongside the increase in profit.
At 30 September 2026, advances stood at ₹13,60,814.89 crore, up 11.5% from 30 June. Deposits rose 8.2% to ₹16,96,935 crore, while borrowings increased 8.1% to ₹1,67,912 crore. Total assets were ₹20,37,814.73 crore, up from ₹18,87,325.11 crore at the end of June.
The CET1 ratio was 12.81%, down from 17.18% at 30 June but above 12.28% a year earlier. The Additional Tier 1 ratio was 2.25%, compared with 2.09% sequentially and 2.06% a year earlier. Return on assets was 1.09%, slightly below 1.11% in the June quarter and 1.10% in the corresponding year-earlier quarter.
Management reported that the gross NPA ratio improved to 1.33% and the net NPA ratio to 0.30% at 30 September 2026, with a provision coverage ratio of 95.34% and a credit cost of 0.47%. Retail credit grew 31.61% year on year, with housing loans up 17.35% and vehicle loans up 25.50%, while RAM credit rose 21.03%. The bank also reported a slippage ratio of 0.58%, improved by 18 basis points, and said priority sector lending stood at 44.99% of ANBC against a 40% norm. This operating context supports the quarter's lower provisions and improved asset quality, with retail growth the main driver of loan expansion.
Category: Financial Services
Offers banking services tailored for individual customers.
Category: Financial Services
Provides banking solutions and services for business clients.
Category: Financial Services
Manages mutual funds through its subsidiary, Canara Robeco Asset Management Company Ltd.
Key Products & Services: Canara Robeco Asset Management Company Ltd
Category: Financial Services
Offers life insurance products through its joint venture, Canara HSBC Life Insurance Company Ltd.
Key Products & Services: Canara HSBC Life Insurance Company Ltd
Core Thesis: Leveraging an extensive network and diversified offerings to serve a broad customer base across various segments.
• Diversified Offerings: The bank has diversified its business through several subsidiaries and joint ventures to cater to different financial needs. • Extensive Network: The bank serves its customers through a network of branches and ATMs spread across all Indian states and Union Territories. • Customer Reach: The bank serves a diverse clientele, reaching over 11.76 crore customers.