Canara Bank reported strong Q1 FY27 results.

Global Business grew 14.37% YoY to ₹29.05 Lakh Cr, driven by a 17.97% surge in Global Advances to ₹12.93 Lakh Cr and 11.63% growth in Global Deposits to ₹16.11 Lakh Cr.

RAM Credit, a key segment, soared 21.20% YoY, with Retail credit showing impressive 35.88% YoY growth.

Net Profit rose 2.19% YoY to ₹4,856 Cr, and Net Interest Income (NII) was up 13.39% to ₹10,215 Cr.

Asset quality significantly improved, with Gross NPA falling to 1.57% and Net NPA to 0.36%. The Provision Coverage Ratio strengthened to 94.76%. The bank is expanding its digital footprint, including new digital lending solutions, and its ESG risk rating improved.

Management's Q1 performance already surpasses full-year guidance across key metrics like business growth, advances, deposits, and profitability, signaling strong momentum.