Canara Bank Q1 PAT up 7% at Rs 775 cr

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26 Aug, 2025 12:21

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Moneycontrol Bureau

State-owned Canara Bank's first quarter (April-June) net profit rose at a slower pace by 7% year-on-year to Rs 775 crore. The net interest income (NII) or the difference between interest earned and paid out inched up 3% from a year back at Rs 1,844 crore. An increase in bad assets primarily dented the profit margin due to higher loan provisions.

The bank's gross non-performing asset (NPA) ratio deteriorated to 1.98% at Rs 4,497 compared with 1.73% in the Jan-March quarter. Similarly, its net NPA ratio increased from 1.46% to 1.66% at at Rs 3,756 crore during the three-month period.

However, provisions (other than tax) & contingencies rose to Rs 462 crore as against Rs 419 crore. This could be due to reversal of investment provisions or some other write back of provisioning.

The bank's capital adequacy ratio is at Rs 13.22% versus 13.76%, in the previous quarter.