CANARA BANK

Canara Bank has successfully completed the annual interest and principal payment for its Unsecured, Non-Convertible, Redeemable Basel III Compliant Additional Tier 1 Bonds (ISIN INE476A08126). The total payment of ₹1626 Crore, comprising ₹126 Crore in interest and ₹1500 Crore in principal redemption, was made on October 23, 2026. This redemption was due to the exercise of a call option, with the official due date being October 25, 2026. The payment was processed via RTGS/NEFT/IBA/DD mode to bondholders.

Canara Bank reported its financial results for the second quarter and half-year ended September 30, 2026. Global Business grew by 15.88% year-on-year to ₹30,72,365 Cr. Global Deposits increased by 13.13% to ₹16,97,305 Cr, while Global Advances rose by 19.46% to ₹13,75,060 Cr. Net Profit for the quarter saw an 8.40% increase, reaching ₹5,175 Cr. The bank also improved its asset quality, with the Gross NPA ratio falling to 1.33% and the Net NPA ratio to 0.30%. The Provision Coverage Ratio (PCR) stood at 95.34%. Retail credit portfolio grew by 31.61%.

Canara Bank's Board of Directors has approved the Unaudited (Reviewed) Financial Results for the Second Quarter and Half Year ended September 30, 2026. The results were presented on a standalone and consolidated basis. The bank also provided disclosures on deviations in utilization of proceeds, security cover, outstanding defaults, related party transactions, and cash flow statements. The board meeting commenced at 10:00 AM IST and concluded at 12:05 PM IST.

Canara Bank's consolidated net profit (after minority interest) came in at ₹5,381.59 Cr for Q2 FY-2027, up 6.5% YoY from the core PAT base of ₹4,865.76 Cr a year ago and up a similar 6.5% QoQ — ahead of the ₹4,900–5,100 Cr band we flagged pre-result and comfortably inside the Street's bullish framing (78.9% Buy ratings, consensus target ₹161.63 against a pre-result price of ₹119.59). Consolidated revenue (interest earned) grew faster, +9.6% YoY to ₹35,161.97 Cr, meaning profit growth trailed topline growth for the second straight quarter on this metric. The margin picture is mixed and is the real story under the headline. Operating profit before provisions, scaled to interest earned, compressed to ~24.9% from 27.1% a year ago and 26.2% last quarter — opex and the interest-expense line grew faster than core income. Net profit margin nonetheless expanded to 12.66% from 11.58% YoY, because provisions (other than tax) fell to ₹1,781.97 Cr from ₹2,354.02 Cr a year ago — a lower credit-cost charge, not stronger core profitability, carried the bottom line this quarter. Annualised credit cost works out to roughly 0.52%, inside management's guided 0.49–0.75% band, and annualised ROA held at 1.05%, above the >1% guidance given on the Q1 FY27 call (29 Jul 2026). Asset quality improved sharply and is the strongest part of the print: consolidated GNPA fell to 1.33% from 2.35% YoY and 1.57% QoQ, with net NPA at 0.30% — well inside the <1.7% watch threshold we and the Street flagged pre-result. Standalone advances grew ~20.4% YoY and deposits ~13.1% YoY, both ahead of or in line with management's stated FY27 credit-growth guidance of 11–12% (a target Canara has now overshot for a second straight quarter) and the ~13% deposit-growth watch item. Provisional global business, already disclosed on 1 October 2026, was up 15.83% YoY to ₹30.7 lakh Cr, matching the quarter's reported numbers. Management gave no fresh press-release commentary in the material filed with this result; the board separately noted the pending sale of its 70% stake in Canbank Factors Ltd (consented 29 August 2026), still awaiting regulatory approval, and the exclusion of the struck-off Canara Bank Tanzania Ltd from consolidation this quarter — neither is a P&L item but both will shape the consolidated base going forward. Net effect: a quarter that beat the conservative pre-result profit and asset-quality bar primarily on lower provisioning and continued NPA cleanup, while core operating margins narrowed — a trend worth tracking into Q3 to see whether provisioning normalises or opex pressure persists.

Canara Bank has submitted its Half Yearly Statement of Debt Securities as of September 30, 2026. This filing, in compliance with SEBI circulars, details outstanding bonds issued by the bank. The statement includes information on various bond series, their issuance dates, maturity or call option dates, and face values, such as INE476A08126, INE476A08134, INE476A08142, INE476A0825, INE476A08191, INE476A08209, INE476A08274, and INE476A08282. The total outstanding amount is not explicitly summed up in the provided text but is implied to be substantial.

Canara Bank has announced that its Board of Directors will convene on October 14, 2026, to consider and approve the Unaudited (Reviewed) Standalone and Consolidated Financial Results for the Second Quarter and Half Year ended September 30, 2026. Concurrently, the trading window for dealing in the bank's securities, which opened on October 1, 2026, will remain closed until October 16, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Canara Bank has released its Half Yearly Statement of Debt Securities as of September 30, 2026, in compliance with SEBI circulars. The statement details various outstanding bonds issued by the bank, including their ISIN, issuance and maturity dates, coupon rates, and credit ratings. The total outstanding amount across all listed debt securities is ₹53,445.00 Crore. The report provides a comprehensive overview of the bank's debt instruments and their associated creditworthiness.

Canara Bank has announced a change in its management structure. Shri Shambhu Lal has taken charge as the Head of Human Resources Wing, succeeding Shri B P Jatav who retired on October 1, 2026. Additionally, Shri Barun Singh Thakur has been promoted to Chief General Manager and posted to the Inspection Wing, effective October 1, 2026. Both appointments are part of routine management changes within the bank.

Canara Bank has released its provisional business figures for the period ended September 30, 2026. Global business reached ₹30,70,928 Crores, marking a 15.83% year-on-year growth. Global deposits stood at ₹16,97,195 Crores, an increase of 13.13% YoY, while global advances grew by 19.35% YoY to ₹13,73,733 Crores. Domestic deposits saw a 10.96% YoY rise to ₹15,47,869 Crores, and domestic advances increased by 16.83% YoY to ₹12,63,433 Crores. Retail, Wholesale, and Mortgage (RAM) domestic business also showed strong performance with a 21.00% YoY growth to ₹8,12,109 Crores. These figures are provisional and subject to audit.

Canara Bank has reported provisional business figures for the period ending September 30, 2026. Global business reached ₹30,70,928 Crores, marking a 15.83% year-on-year growth. Global deposits saw a 13.13% increase to ₹16,97,195 Crores, while global advances grew by 19.35% to ₹13,73,733 Crores. Domestic deposits rose 10.96% to ₹15,47,869 Crores, and domestic advances increased by 16.83% to ₹12,63,433 Crores. Retail credit (RAM) for domestic operations grew by 21.00%. These figures are provisional and subject to audit.