Canara Bank earnings date
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Canara Bank (CANBK) Q2 2027 Earnings Report
IN:CANBK Q2 2027 EPS Results
- Actual EPS
- INR 5.70
- Consensus EPS
- INR 4.63
- Beat/Miss
- Beat by +INR 1.07
- One Year Ago EPS
- INR 5.30
IN:CANBK Q2 2027 Revenue Results
- Actual Revenue
- INR 409.39B
- Expected Revenue
- INR 164.83B
- Beat/Miss
- Beat by +INR 244.56B
- YoY Revenue Growth
- -2.56%
Earnings Announcement Details
- Quarter
- Q2 2027
- Date
- 10/14/2026
- Time
- Before Open
- Conference Call
- Wednesday, October 14, 2026
Canara Bank's next earnings date is estimated for January 27, 2027, based on past reporting schedules.
Q2 2027 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2027 Earnings Call Summary
The call was strongly positive overall. The bank reported record quarterly profit, 20.39% growth in net interest income, robust 15.88% business growth, 19.46% advance growth, improved asset quality, lower credit cost and slippages, and performance above nearly all stated guidance metrics. Management also highlighted strong capital, liquidity, retail demand, and a sizeable corporate pipeline. The principal challenges were the CASA ratio remaining below guidance, treasury and mark-to-market losses, the potential INR 12,000 crore-INR 15,000 crore ECL-related provisioning requirement, and limited current monetization from digital payments. These lowlights were explicitly discussed but did not outweigh the reported operating and financial improvements.
For FY 2027, Canara Bank’s guidance was total business growth of 10%-11%, advances growth of 11%-12%, deposit growth of 9%-10%, CASA “in between the range of 30%-32%,” NIM of 2.5%-2.60%, gross NPA of 1.50%, net NPA “around 0.40%,” slippage ratio of 0.80%, credit cost of 0.75%, return on equity of 16.5%, earning per share of INR 20, and return on assets of 1.01%-1.05%; management said it would be able to sustain NIM at 2.55%, expected a “good quarter” going further, described the pipeline as around INR 47,000 crore, “in and out, INR 50,000 crore,” and said ECL provisioning could be somewhere INR 12,000 crore-INR 15,000 crore, maybe a INR 14,000 crore -INR 15,000 crore, while if oil prices comes down and de-escalation in political scenario happens, it may come back to the previous forecast of INR 10,000 crore- INR 12,000 crore.
- Business Crossed INR 30 Lakh Crore MilestoneTotal global business crossed INR 30 lakh crore and stood at INR 30 lakh 72,000 crore, representing 15.88% YoY growth.
- Strong Deposit and Advance GrowthGlobal deposits grew 13.13% YoY to INR 16 lakh 97,000 crore, while global advances grew 19.46% YoY to INR 13.75 lakh crore.
- Record Net Interest Income and ProfitNet interest income grew 20.39% YoY to more than INR 11,000 crore, described as the highest outstanding gross amount. Net profit reached a quarterly record of INR 5,175 crore, up 8.40% YoY.
- Strong Capital and Provision CoverageCRAR stood at 17.19%. Provision coverage ratio improved by 175 basis points YoY to 95.34%.
- Improved Asset QualityGross NPA improved to 1.33% against the full-year guidance of 1.50%, while net NPA improved to 0.30% against the guidance of around 0.40%.
- Broad-Based Advances GrowthRAM advances grew 21.303% YoY, retail credit grew 31.61%, housing loans grew 17.35%, vehicle loans grew 25.50%, and MSME advances grew 15.49%.
- Lower Credit Cost and Slippage RatioCredit cost improved by 21 basis points YoY to 0.47%, compared with the guidance of 0.75%. The annualized slippage ratio was 0.58%, an improvement of 18 basis points and below the 0.80% guidance.
- Guidance Outperformance Across Most MetricsThe bank exceeded its guidance for total business growth, advances growth, deposit growth, gross NPA, net NPA, slippage ratio, credit cost, return on equity, earnings per share, and return on assets. ROE was 18.49% versus the 16.5% guidance, EPS was INR 22.06 versus INR 20, and ROA was 1.04% versus the 1.01%-1.05% guidance range.
- Stable Net Interest MarginNIM was 2.53% on an annual basis and 2.55% for the quarter, compared with the 2.5%-2.60% guidance range. Management said it expected to sustain NIM at 2.55%.
- FCNR Deposits Replaced Higher-Cost FundingThe bank garnered $5.8 billion of FCNR deposits, approximately INR 55,000 crore, including $3.2 billion used for advances. FCNR deposits fully replaced the increase in bulk deposits; management said bulk deposits otherwise would have been INR 30,000 crore-INR 35,000 crore higher. The replacement reduced deposit cost by 1%, and management also cited savings on CRAR and SLR costs of 22 point-23 point.
- Improving Loan YieldsCorporate loan yield improved from 7.68% to 7.72%, while gold loan yield improved from 8.96% to 9.10%. Management said gold loan yield could improve further as rates harden.
- Large Gold Loan FranchiseTotal gold loans stood at INR 2 lakh 82,000 crore, comprising INR 1 lakh 74,000 crore of agriculture gold loans and INR 1 lakh 8,000 crore of non-agricultural gold loans. Management described the bank as a market leader with an established appraiser, vault, and operating ecosystem.
- Robust Retail Demand and Corporate PipelineManagement reported robust demand for retail lending, including housing loan growth in excess of 17%-18%, total retail growth of 21%, and vehicle loan growth of 25%. The bank had approximately INR 47,000 crore-INR 50,000 crore of sanctioned-but-undisbursed and hot-lead corporate pipeline, including opportunities in power, green energy, power evacuation, battery storage, data centers, infrastructure, and HAM projects.
- Low Reported Stress and Broad-Based SlippagesTotal SMA stress across all ticket sizes was 2.42%, or INR 33,340 crore, while SMA including zero for exposures of INR 5 crore and above was 0.51%, or INR 7,043 crore. Total quarterly slippages were INR 1,844 crore, comprising INR 687 crore in agriculture, INR 13 crore in corporate, INR 40 crore in gold, INR 777 crore in MSME, and INR 327 crore in retail.
- Drought Exposure Considered ManageableManagement said exposure to drought-prone areas was approximately INR 13,900 crore and that restructuring, deferment, moratoriums, and other support were being handled through State Level Bankers’ Committees. Management said it did not perceive material stress in the book from the drought situation.
- Recovery Exceeded Slippages During the QuarterManagement said quarterly recoveries were higher than quarterly slippages, and that the gross written-off account pool had declined to approximately INR 18,000 crore, with part already resolved and recovered.
- Subsidiaries and Strategic Investments Performing WellManagement said all 14 subsidiaries, associates, and joint ventures were doing well and contributing synergies. The bank completed a transaction involving Canbank Factors, for which it said the INR 14 crore investment would generate approximately 4x returns, with INR 18 crore referenced during the discussion.
- Strong Liquidity PositionLiquidity coverage ratio was 115% as of September 30.
- Continued Digital InvestmentThe bank said it was investing heavily in money and time in digital initiatives, including QR codes, school fee collection modules, internet payment gateways, and the ai1Pe payment service provider platform.
- Early Results Publication to Support ExecutionManagement said publishing results earlier was intended to give the bank two and a half months instead of two months in the quarter to focus on execution.
IN:CANBK Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Jan 27, 2027 | 2027 (Q3) | 4.18- | 5.7 | ― | ― |
| Oct 14, 2026 | 2027 (Q2) | 4.635.70 | 5.3 | 7.55% (+0.40) | |
| Jul 27, 2026 | 2027 (Q1) | 4.725.40 | 5.2 | 3.85% (+0.20) | |
| May 11, 2026 | 2026 (Q4) | 4.995.00 | 5.5 | -9.09% (-0.50) | |
| Jan 29, 2026 | 2026 (Q3) | 5.785.70 | 4.5 | 26.67% (+1.20) | |
| Oct 30, 2025 | 2026 (Q2) | 4.475.30 | 4.4 | 20.45% (+0.90) | |
| Jul 24, 2025 | 2026 (Q1) | 4.865.20 | 4.3 | 20.93% (+0.90) | |
| May 08, 2025 | 2025 (Q4) | 4.605.50 | 4.14 | 32.82% (+1.36) | |
| Jan 27, 2025 | 2025 (Q3) | 4.454.50 | 4.03 | 11.61% (+0.47) | |
| Oct 29, 2024 | 2025 (Q2) | 4.454.40 | 3.98 | 10.61% (+0.42) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
