Canara Bank on Wednesday reported a standalone net profit of Rs 5,175 crore for the second quarter of FY27, up more than 8% from Rs 4,774 crore in the corresponding quarter of the previous financial year. The earnings announcement lifted the bank’s shares nearly 5%.
The lender’s net interest income (NII), or the difference between interest earned and interest expended, jumped more than 20% YoY to Rs 11,005 crore during Q2 of the ongoing financial year 2027, from Rs 9,141 crore reported in the same period of FY26. The shares of the company jumped to Rs 126.44 apiece on NSE.
