Canara Bank experienced an 8.4% year-on-year increase in net profit, reaching ₹5,175 crore for Q2 FY27. The bank’s improvement in asset quality contributed to this profit growth, alongside core income expansion. However, mark-to-market losses from rising bond yields limited higher earnings outcomes. Its gross non-performing assets ratio also improved, declining to 1.3% from both the previous quarter and last year.
​Canara Bank experienced an 8.4% year-on-year increase in net profit, reaching ₹5,175 crore for Q2 FY27. The bank’s improvement in asset quality contributed to this profit growth, alongside core income expansion. However, mark-to-market losses from rising bond yields limited higher earnings outcomes. Its gross non-performing assets ratio also improved, declining to 1.3% from both the previous quarter and last year. by Soban News (international And National News)
