Canara Bank reported a 10% dip in net profit last quarter, driven mainly by treasury losses. The lender says it will lean on core income to protect net interest margins while funding stays healthy. Management expects advances to grow 11-12% and deposits 9-10% this year, with asset quality holding up through a low slippage ratio.
Canara Bank’s March-quarter net profit fell 10% to ₹4,506 crore, hurt by treasury losses linked to higher sovereign bond yields. Still, the bank’s asset quality improved, cushioning the downturn. For the full fiscal year, net profit grew 12.7% to ₹19,187 crore, showing stronger performance despite volatile markets.
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State Bank of India’s board meets May 12 to consider a fundraising plan of up to $2 billion, as the bank releases its Q4 results today. Analysts expect muted profit growth despite stable loan growth and margins, citing treasury losses. The stock has surged over the past year, putting investor focus on whether the capital raise can steady earnings momentum.
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