Canara Bank’s shares rose 4% following the announcement of a 19% year-on-year net profit increase for Q2 FY26, driven by improved asset quality and strong operational performance, pushing the stock to a near 15-year high.
                                        
                        
	Canara Bank Ltd (CNBK.NS) witnessed a notable 4% jump in its share price after reporting impressive financial results for the quarter ended September 2025. The public sector bank posted a robust net profit of ₹4,774 crore, marking a 19% increase compared to the same period last year. This earnings boost reflects the bank’s improved asset quality, disciplined cost control, and operational efficiency.
	 
	Key Highlights:
	- 
		Canara Bank’s Q2 FY26 net profit rose 19% year-on-year to ₹4,774 crore.
- 
		The stock rallied to ₹134.25 per share, nearing a 15-year peak.
- 
		Asset quality improved, with a reduction in non-performing assets (NPAs).
- 
		Net Interest Income saw a slight decline, but overall profitability remained strong.
- 
		The bank’s shares have surged over 70% in the past seven months from a low of ₹78.60 in March.
- 
		Positive investor sentiment reflects confidence in Canara Bank’s financial health and future prospects.
	This earnings performance strengthens Canara Bank’s position among PSU banks and is a positive signal to market participants monitoring India’s financial sector.
	 
	Sources: Financial Express, Moneycontrol, Economic Times, Equitymaster