Canara Bank — Investor Meet, 29-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Canara Bank reported strong Q1 FY27 results. Global business grew 14.37% YoY to ₹29.05 lakh Cr, with Net Interest Income up 13.39% to ₹10,215 Cr and net profit at ₹4,856 Cr. Advances surged 17.97% YoY. Asset quality shone: Gross NPA at 1.57% (down 112 bps YoY), Net NPA at 0.36% (down 27 bps YoY), and PCR at 94.76%. Management is confident, aiming for Net Interest Margin of 2.50-2.60% by shifting to lower-cost deposits and focusing on efficiency. The bank is well-prepared for new ECL provisioning, anticipating ₹12,000 Cr over two years, well-covered by robust capital. Outlook is positive on efficiency and digital drive.