Canara Bank posts 8.40 percent Q2 profit growth and Buy ratings for Canara Bank stock

Published on 10/20/2026 at 02:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net interest income reached INR 110.05 billion in Q2 FY27. On October 15, analysts set INR 150 and INR 160 targets for Canara Bank stock.

Profit quality and bank growth

Canara Bank reported INR 51.75 billion in net profit on October 14, 2026.
Net interest income reached INR 110.05 billion in the second quarter of fiscal 2027.
Analysts published INR 150 and INR 160 targets on October 15, 2026.

Canara Bank stock, banking, Q2 FY27 results, analyst targets, NSE, Illustration mit AI erstellt.

Canara Bank reported net profit of INR 51.75 billion for the second quarter of fiscal 2027, up 8.40 percent from INR 47.74 billion a year earlier, according to Business Standard on October 14, 2026. The result combined faster core lending income with weaker treasury income.

Core income sets the pace

Net interest income rose 20.40 percent year on year to INR 110.05 billion in the second quarter of fiscal 2027, from INR 91.41 billion in the comparable period. The net interest margin reached 2.55 percent, compared with 2.50 percent a year earlier, while provisions and contingencies fell 6.10 percent to INR 35.83 billion, according to Business Standard.

The operating picture was mixed. Non-interest income declined 18.20 percent year on year to INR 57.72 billion, while treasury income fell 68.50 percent to INR 4.99 billion. Global advances still grew 19.50 percent to INR 13.75 trillion, and global deposits increased 13.10 percent to INR 16.97 trillion in the September 2026 quarter.

What does the 2.55 percent margin mean?

The margin gives the earnings improvement a core-income anchor, but the treasury decline shows why profit growth was slower than net interest income growth. Asset quality improved as the gross non-performing asset ratio fell to 1.33 percent in September 2026 from 2.35 percent a year earlier, while the net ratio declined to 0.30 percent from 0.54 percent, according to Business Standard.

Three dates shaped the quarter

On September 23, 2026, Canara Bank extended Executive Director Bhavendra Kumar's term to October 31, 2027, according to MarketScreener. On October 14, 2026, the bank reported second-quarter net income of INR 53.82 billion in standardized financial data, versus INR 48.50 billion a year earlier. On October 15, 2026, Motilal Oswal Financial Services maintained a Buy view with an INR 160 target, while JM Financial upgraded the stock to Buy and raised its target from INR 142 to INR 150, according to BusinessToday.

Upcoming dates for investors

MarketScreener lists November 13, 2026 as the next earnings release date. The same source identifies October 31, 2027 as the scheduled end of the executive director term.

Company and listing

Canara Bank is listed on the National Stock Exchange of India under the ticker CANBK and operates in the banking sector. The September 2026 quarter also showed a Basel III capital adequacy ratio of 17.19 percent, up from 16.20 percent a year earlier.