Canara Bank

Canara Bank reported a mixed Q4 FY26. Full-year net profit grew 12.69%Current reported value: 12.69%. No comparable prior figure is available in the source record. to INR 19,187 croreCurrent reported value: INR 19,187 crore. No comparable prior figure is available in the source record., driven by strong credit growth of 15.30%Current reported value: 15.30%. No comparable prior figure is available in the source record. and improved NIM (+9bps QoQ to 2.54%). However, quarterly operating profit fell sharply due to one-time listing gains of INR 1,930 crore in Q3 and MTM losses of INR 800 crore from bond yield volatility. Asset quality improved with GNPA down 110bps YoY to 1.84%Current 1.84%. Reported change: -110bps YoY. and SMA at 2.75%. Management guided for 11-12% loan growth and NIM of 2.5-2.6% for FY27, but flagged ECL implementation costs of INR 10,000 crore (staggered over 4 years). Key risk: gold loan fraud incidents and potential slippage in MSME segment.