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Government bank Canara Bank has released the results for the July-September quarter of the financial year 2025. There has been an increase in the bank's profit and interest income on a year-on-year basis. As compared to the second quarter of the previous financial year, the bank's profit has increased by 11.35 in the second quarter of the current financial year. During this period, if we talk about interest income i.e. NII, then it has also seen a growth of 4.6% on a year-on-year basis.
The bank's gross NPA and net NPA have also seen a decline. After the results were released, the stock is seeing a rise. Currently, this stock is seen trading at a price of ₹ 100 per share. On a quarter-on-quarter basis, the bank's net NPA has come down from 1.24% to 0.99%. During this period, the bank's gross NPA has come down from 4.14% to 3.73%. The bank said that the profit has increased from ₹ 3,606 crore to ₹ 4,014 crore. NII increased from ₹ 8,902 crore to ₹ 9,315 crore. During this period, the bank's provisioning was ₹ 2,587 crore. In the previous quarter, it was ₹ 2,171 crore and in the September quarter of the previous financial year, it was ₹ 2,201 crore. Gross advances grew by 9.5% year-on-year to Rs 10.11 lakh crore. Retail credit grew by 31.2% year-on-year. Housing loan growth was 12.29% and vehicle loan growth was 15.49%. The bank's provision coverage ratio (PCR) improved by 216 basis points to 90.89%. Canara Bank's slippages ratio improved by 32 basis points to 1% in the September quarter. Talking about the bank's stock performance, it saw a rise of up to 2.5% shortly after the results were released. However, in the last 6 months, this stock has slipped by about 16%. So far this year, this stock has climbed up to 16%. The stock has seen a rise of 34.75% in 1 year. During this period, the stock was seen trading in the range of ₹ 75.60 to ₹ 128.90 per share.
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