VERIFIEDET Markets·15 Oct 2026neutral

Canara Bank net profit up 8.4%, treasury losses weigh

AI Summary

·Canara Bank reported an 8.4% year-on-year increase in net profit to ₹5,175 crore for Q2 FY27.
·Profit growth was driven by improved asset quality and core income expansion.
·Mark-to-market losses from rising bond yields and a gross non-performing assets ratio of 1.3% impacted earnings.