Canara Bank shares crashed over 6% in morning trade on Thursday, 15 October, a day after the company reported its July-September quarter of the financial year 2026-27 (Q2FY27). Canara Bank share price opened at ₹124.65 against its previous close of ₹124.85 and dropped more than 6% to ₹116.80, almost close to its 52-week low of ₹116.55, which it hit on 1 October.
During market hours on 14 October, Canara Bank reported an 8.40% year-on-year (YoY) rise in its profit for the September quarter at ₹5,175 crore. Net interest income (NII) for the quarter rose 20.39% YoY to ₹11,005 crore, while net interest margin (NIM) improved to 2.53% from 2.52% YoY.
Global deposits during the quarter saw a decent 13.13% YoY rise to ₹16,97,305 crore, and global advances also rose by a healthy rate of 19.46% to ₹13,75,060 crore.
On the asset quality front, gross NPA during the quarter declined by 102 bps to 1.33% and net NPA dropped by 24 bps to 0.30%.
The stock ended 3.87% higher at ₹124.85 on the BSE on 14 October.