India's Canara Bank rises on higher profit, core lending income

Canara Bank

27/07/2026 09:04

** Shares of Canara Bank CNBK.NS up 2% at 129 rupees    
** The lender posts 2.2% rise in standalone net profit to 48.56 billion rupees  ($506.64 million)
** Net interest income, the difference between interest earned on advances and paid on deposits, rose 13.39% y/y
** Asset quality improved, with gross bad loans percentage, dropping to 1.57% as of June-end from 1.84% three months earlier
** YTD, stock down 18% vs 2% drop in Nifty PSU Bank Index.NIFTYPSU 


($1 = 95.8475 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com))