Canara Bank Q2 Net Profit Rises 8.4% Despite Treasury Losses
Canara Bank reported an 8.4% year-on-year increase in net profit to ₹5,175 crore for Q2 FY27, driven by improved asset quality and core income growth. However, rising bond yields caused mark-to-market losses, limiting higher earnings. The bank's gross non-performing assets ratio improved to 1.3%, down from the previous quarter and last year.
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