Canara Bank Reports 10% Drop in Q4 Net Profit Amid Treasury Income Decline

Canara Bank reported a 9.9% year-on-year decline in its fourth-quarter net profit to ₹4,506 crore for the fiscal year ending March 2026, down from ₹5,004 crore in the same period last year. The decrease was primarily attributed to a 24% drop in non-interest income, driven by a sharp 72.7% fall in treasury income, alongside compressed operating profits and increased slippages. Despite this quarterly setback, the bank's full-year net profit rose to ₹19,187 crore. Net interest income grew by 4% to ₹9,808 crore, while provisions decreased by 31.3%. Asset quality improved, with the Gross Non-Performing Assets ratio falling to 1.84% and the Net Non-Performing Assets ratio dropping to 0.43%. Savings account deposits increased by 8.73%, although current account deposits fell significantly. Global business metrics showed robust growth, with global advances rising by 15.30%. The Board of Directors recommended a final dividend of ₹4.20 per equity share. The bank also exceeded regulatory targets for priority sector lending and agricultural credit, demonstrating continued compliance and operational resilience despite short-term profitability challenges.