Highlights:

• Canara Bank has received buy rating from multiple analysts with price target of up to ₹171.
• In September 2025 quarter, net profit stood at ₹4,774 crore, up 18.93% year-on-year.
• Gross NPA ratio improved to 2.35% in September 2025 quarter, while Net NPA stood at 0.54%.

Canara Bank (NSE:CANBK) has received positive analyst sentiment. As of the latest updates, several prominent financial institutions have reiterated their Buy ratings. These include Spark Capital Advisors (India) Pvt. Ltd., Antique Stockbroking Ltd., Batlivala & Karani Securities India Pvt. Ltd., BOB Capital Markets Ltd., Emkay Global Financial Services Ltd., and Motilal Oswal Securities Ltd. Each of these analysts maintains a positive outlook on the stock, with target prices ranging from ₹150.00 to ₹171.00.

In addition, DAM Capital Advisors has issued a “Buy” recommendation.

Recent Financial Performance

Recently, the company has announced its unaudited financial results for the quarter and half year ended 30 September 2025. During the quarter, the bank reported a net profit of ₹4,774 crore, marking an 18.93% increase compared to the same period last year.

Global business reached ₹26,78,963 crore, up by 13.55% year-on-year (YoY). Global deposits rose by 13.40% to ₹15,27,922 crore, while global advances expanded by 13.74% to ₹11,51,041 crore. Domestic deposits grew by 12.62% to ₹13,94,999 crore, and domestic advances increased by 13.34% to ₹10,81,428 crore.

Retail and RAM Credit Show Psitive Momentum

The bank’s RAM (Retail, Agriculture, and MSME) credit portfolio grew by 16.94% to ₹6,71,141 crore. Retail credit rose by 29.11% to ₹2,51,190 crore, with housing loans increasing by 15.25% and vehicle loans by 25.58%. MSME credit stood at ₹1,53,777 crore, showing a 12.70% YoY rise.

Operating profit during the quarter reached ₹8,588 crore, a growth of 12.20% YoY. Earnings per share (EPS) increased by 20.68% to ₹21.01.

Improvement in Asset Quality and Capital Ratios

Asset quality showed improvement, with the Gross NPA ratio at 2.35% and the Net NPA ratio at 0.54%. The Provision Coverage Ratio improved to 93.59%. The Capital Adequacy Ratio (CRAR) stood at 16.20%, with CET1 at 12.21% and Tier-I capital at 14.28%.

As of 30 September 2025, the bank operated 9,948 branches and 7,405 ATMs, including four overseas branches in London, New York, Dubai, and GIFT City.