Canara Bank cuts its gross NPA ratio to 1.33% from 2.35% in the September quarter

What happened

• Canara Bank's gross NPA ratio was 1.33% at the end of September, against 2.35% a year earlier and 1.57% in the June quarter. The net NPA ratio was 0.30%, against 0.54% a year earlier and 0.36% in June, according to HDFC Sky, Sahi and Angel One.
• HDFC Sky reported standalone net profit of ₹5,175 crore, up 8.4%, and operating profit of ₹8,758 crore, up 1.98%. Sahi gave standalone net profit as ₹5,170 crore, up 7.71%. Angel One reported consolidated net profit of ₹5,182.03 crore, up 6.5%. The growth rates differ between the outlets.
• HDFC Sky said global business was ₹30.72 lakh crore, up 15.88%, with advances of ₹13.75 lakh crore (up 19.46%) and deposits of ₹16.97 lakh crore (up 13.13%). Credit cost was 0.47% and the capital adequacy ratio 17.19%.
• Sahi reported fresh slippages of ₹1,840 crore, against ₹1,780 crore in the June quarter.
• The shares closed at ₹124.76 on Kite data, up 3.59% from ₹120.44.

Why it matters

Good to know: The gross NPA ratio is bad loans as a share of all loans. Slippages are loans that turned bad during the quarter.

Key facts

Gross NPA ratio

1.33% (2.35% a year earlier)

Net NPA ratio

0.30% (0.54% a year earlier)

Standalone net profit

₹5,175 crore (HDFC Sky); ₹5,170 crore (Sahi)

Global advances

₹13.75 lakh crore, up 19.46%

Read the source

• Canara Bank Shares Jump 3.4% As Profit Rises 8.4%HDFC Sky
• Canara Bank Reports Q2 Standalone Net Profit of ₹5,170 CroreSahi
• Canara Bank Share Price Gains Over 3% After Q2 FY27 Earnings Results: Net Profit Up 6.5% YoYAngel One

Canara Bank in the news before

1. 28 SEP 2026 · BUSINESS UPDATESPays ₹377 crore in annual interest on its long-term bonds