Canara Bank net profit up 8.4%, treasury losses weigh
Canara Bank experienced an 8.4% year-on-year increase in net profit, reaching ₹5,175 crore for Q2 FY27.
The bank's improvement in asset quality contributed to this profit growth, alongside core income expansion.
However, mark-to-market losses from rising bond yields limited higher earnings outcomes.
Its gross non-performing assets ratio also improved, declining to 1.3% from both the previous quarter and last year.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
