Canara Bank Q3: Profit Up, NPAs Down, But Share Falls Over 3% Amid Profit-Booking
Share Market
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CNBC Awaaz•29-01-2026, 13:15
Canara Bank Q3: Profit Up, NPAs Down, But Share Falls Over 3% Amid Profit-Booking
- •Canara Bank reported a net profit of ₹5,155 crore in Q3, exceeding market expectations of ₹4,490 crore.
- •Net Interest Income (NII) grew to ₹9,252 crore, but fell short of the market's ₹9,580 crore expectation.
- •Asset quality improved significantly with Net NPA decreasing to 0.45% and Gross NPA falling to 2.08%.
- •Provisioning increased from ₹2,354 crore to ₹2,414 crore, which is seen as a negative signal by the market.
- •Despite strong results and increased FII holdings (14.62% in Dec 2025), the share fell over 3% due to profit-booking and NII/provisioning concerns.
Why It Matters: Canara Bank's Q3 profit beat estimates and NPAs improved, but increased provisioning and NII miss led to a share drop.
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