Canara Bank Q4 net profit declines 10% YoY to ₹4,506 crore, asset quality improves; ₹4.2/share dividend recommended

In the same period last year, it had clocked a profit of ₹5,002.66 crore, according to a regulatory filing.

The Bank’s asset quality improved, as its gross non-performing assets (GNPA) contracted to 1.84% during the quarter under review, from 2.94% in the March quarter of the 2024-25 fiscal year (Q4 FY25) and 2.08% in the quarter-ago period.

Its net non-performing assets (NNPA) stood at 0.43% for the January-March quarter of FY26, down from 0.70% last year and 0.47% in Q3 FY26.

As on March 31, 2026, its global business grew 12.11% YoY to ₹28.06 lakh crore, with its global deposits increasing 9.71% YoY to ₹15.69 lakh crore and gross global advances surging 15.3% YoY to ₹12.38 crore.

The Bank’s domestic deposit stood at ₹14.37 lakh crore as on March 2026, reflecting a 7.95% YoY increase. Furthermore, its gross domestic advances jumped 15.12% YoY to ₹11.61 lakh crore.

Canara Bank had 10,097 branches as on March 31, of which 3,200 were rural, 3,025 were semi-urban, 1,987 were urban, and 1,885 were metro, along with 11,306 ATMs and recyclers.

It also had four overseas branches in London, New York, Dubai, and IBU Gift City, Gujarat, the filing added.

Dividend recommended; check record date

Canara Bank’s board of directors also recommended a final dividend of ₹4.20 per equity share with a face value of ₹2 each (210%), for FY26, subject to shareholder approval at the ensuing Annual General Meeting (AGM), which will be held on Thursday, June 26, 2026.

Furthermore, it fixed Friday, June 12, 2026, as the record date for the dividend.

Canara Bank stock performance

Shares of Canara Bank fell as much as 4.29% to hit an intraday low of ₹128.58 per unit on the National Stock Exchange (NSE) on Monday, following the announcement of its earnings for Q4.

At around 2:11 PM, the scrip was trading 2.93% lower at ₹130.41 per equity share.

The stock has lost more than 3% in the past week and 7% over the month. On a year-to-date basis, it has declined 15%.

While the share hit a 52-week high of ₹162.89 apiece on February 26, 2026, it touched a year’s low of ₹92.93 on May 8, 2025.

Canara Bank has a total market capitalisation of ₹1.18 lakh crore as of May 11, 2026, according to data on the NSE.