Shares of Canara Bank Ltd. surged to the highs of the day, gaining as much as 3% after the lender’s asset quality in the September quarter improved on a sequential basis.Canara Bank’s gross NPA improved to ₹27,040 crore from ₹29,518 crore last quarter, while net NPA improved to ₹6,113.2 crore from ₹6,765.2 crore in the previous quarter.
The lender’s Net Interest Income (NII) or core income fell 2% from last year to ₹9,141 crore, while net profit rose 19% on a year-on-year basis to ₹4,774 crore.
Canara Bank’s provisions stood at ₹2,354 crore from ₹2,351 crore in the previous quarter.Global advances for the quarter increased by 13.74% from last year to ₹11.51 lakh crore, while deposits saw a 13.40% growth on a year-on-year basis to ₹15.27 lakh crore.
The lender’s slippage ratio stood at 0.76%, an improvement of 24 basis points.
Canara Bank’s shares are trading 2.56% higher after the results announcement, to trade at ₹132.07. The stock has jumped 33% so far this year.
First Published: Oct 30, 2025 12:55 PM IS
