BusinessPhoto: Mint MarketsCanara Bank Shares Fall 6% After Q2 Profit Rise
Canara Bank shares dropped over 6% on 15 October after reporting Q2FY27 results. The bank posted an 8.40% year-on-year profit increase to ₹5,175 crore for July-September. Net interest income rose 20.39% to ₹11,005 crore, with net interest margin improving slightly. Deposits and advances grew by 13.13% and 19.46%, respectively. Asset quality improved as gross NPA fell to 1.33%. The stock fell due to profit booking after rising 3.87% the previous day.
Mint Markets·



