Canara Bank Q4 FY26: Profit ₹4,505.57 Cr, ₹4.20 Dividend

Key takeaway

Canara Bank’s FY26 earnings stayed strong, but Q4 standalone profit fell year-on-year. The sharper story in the March quarter was better asset quality, a higher provision buffer, and a larger dividend recommendation.

What the bank reported and when

Canara Bank released its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results were approved by the Board of Directors at a meeting held on May 11, 2026.

For Q4 FY26, the bank reported audited standalone net profit of ₹4,505.57 crore. For the full year FY26, standalone net profit came in at ₹19,186.67 crore.

Alongside the results, the board recommended a dividend of ₹4.20 per equity share for FY26, subject to shareholder approval at the ensuing Annual General Meeting.

Standalone Q4 FY26: profit slips, income disclosed

On a standalone basis, Canara Bank’s Q4 FY26 net profit was ₹4,505.57 crore, compared with ₹5,002.66 crore in the corresponding quarter of the previous year. The bank also reported total standalone income of ₹36,662.21 crore for the quarter.

While the article does not provide a detailed breakup of interest income, net interest income, margins, or provisions for Q4 FY26, it clearly signals that the quarter’s headline profit was lower than last year’s March quarter.

FY26 standalone: full-year profit rises

For the full financial year FY26, standalone net profit increased to ₹19,186.67 crore from ₹17,026.67 crore in FY25. This indicates that despite a softer Q4 in year-on-year terms, the bank still delivered higher annual earnings.

Dividend: ₹4.20 per share recommended for FY26

The board recommended a dividend of ₹4.20 per equity share for FY26, which the bank described as 210% on the face value of ₹2 per share. The dividend is subject to shareholder approval at the ensuing Annual General Meeting.

This compares with a FY25 final dividend recommendation of ₹4 per share (200% on face value of ₹2) mentioned in the provided background material.

Asset quality improves further in March 2026

Canara Bank reported a continued sequential improvement in asset quality. Gross Non-Performing Assets (GNPA) declined to 1.84% as of March 31, 2026 from 2.08% in the previous quarter and 2.94% a year ago.

Net Non-Performing Assets (NNPA) eased to 0.43% from 0.45% quarter-on-quarter and 0.70% year-on-year. The bank also disclosed that net NPAs (amount) stood at ₹5,209.37 crore as of March 31, 2026.

In addition, the Provision Coverage Ratio (PCR) on a standalone basis stood at 94.21% as on March 31, 2026, compared with 92.70% as at March 31, 2025.

Capital adequacy stays comfortable

The bank reported a standalone Capital Adequacy Ratio (Basel III) of 17.04% as of March 31, 2026.

On a consolidated basis, the Capital Adequacy Ratio (Basel III) stood at 17.07% as of March 31, 2026.

Consolidated performance: Q4 down, FY26 broadly steady

On a consolidated basis, Canara Bank reported net profit after minority interest of ₹4,574.23 crore for Q4 FY26, compared with ₹5,070.19 crore in Q4 FY25.

For the full year FY26, consolidated net profit after minority interest stood at ₹17,872.88 crore, compared with ₹17,539.62 crore in FY25.

Total consolidated income for Q4 FY26 was ₹36,538.61 crore, against ₹40,256.19 crore in Q4 FY25.

Balance sheet size: assets expand year-on-year

The consolidated total assets as of March 31, 2026 stood at ₹18,87,325.11 crore, up from ₹17,32,527.38 crore as of March 31, 2025. The article does not specify the drivers of this increase, but the year-on-year expansion reflects ongoing balance sheet growth.

Snapshot table: key reported numbers

Asset quality trend table: sequential and annual movement

Market impact: what investors typically track here

For bank results, investors usually focus on profitability momentum, asset quality, provisioning buffers, and capital adequacy. In this release, the most direct indicators were the year-on-year decline in Q4 profit, the rise in full-year standalone profit, and the improvement in GNPA and NNPA.

The dividend recommendation of ₹4.20 per share for FY26 is another clear datapoint, since it signals the board’s proposed payout level, subject to shareholder approval.

Why this update matters

Canara Bank’s Q4 FY26 numbers show a mixed quarterly picture on profits, but a clearer positive trend on asset quality. The reduction in GNPA to 1.84% and NNPA to 0.43% suggests lower stressed assets relative to the loan book compared with both the previous quarter and the year-ago period.

At the same time, the PCR at 94.21% indicates a higher provision buffer than a year ago. With capital adequacy reported at around 17% on both standalone and consolidated bases, the bank is disclosing a comfortable capital position within the information provided.

Conclusion

Canara Bank closed FY26 with higher standalone annual profit and further improvement in reported asset quality ratios, while Q4 profit was lower than the year-ago quarter. The next formal milestone for shareholders is the vote on the ₹4.20 per share dividend at the forthcoming Annual General Meeting.