Quarterly Result24 Jul 2025, 01:29 pm
Canara Bank Reports 21.69% YoY Net Profit Growth in Q1 2025
AI Summary
Canara Bank has reported a significant increase in its financial performance for the first quarter of the fiscal year 2025-2026. The bank's global business, global deposit, and gross advances have grown by 10.98%, 9.92%, and 12.42% respectively. The net profit has surged by 21.69% YoY. The bank's asset quality has also improved with a decrease in Gross NPA and Net NPA ratios. The bank has achieved its priority sector targets and has a robust network of 9861 branches and 7907 ATMs.
Key Highlights
- Global Business up by 10.98% YoY
- Global Deposit up by 9.92% YoY
- Gross Advances up by 12.42% YoY
- Net Profit up by 21.69% YoY
- Improved Asset Quality with Gross NPA Ratio at 2.69% and Net NPA Ratio at 0.63%