Shares slipped 1.2% after the Q2 update, reflecting investor caution over a deposit‑heavy growth profile.
Domestic advances surged 16.8% YoY to ₹12.63 lakh crore, while global business climbed 15.8% to ₹30.71 lakh crore, eclipsing the market's 13% average for peers.
Deposits climbed 11% YoY to ₹15.48 lakh crore, nudging the credit‑deposit ratio from 75% to 80%, a shift CEO Brajesh Kumar Singh said is a tactical pivot.
Singh reiterated the bank's intent to beat the FY27 loan‑growth guidance of 11–12%, citing robust demand across power, green‑energy, and data‑centre sectors.
The bank also highlighted a growing UPI footprint, with its Ai1 app now serving 11 crore users, positioning Canara to capture a larger share of the digital‑payments ecosystem.
September board approval of a ₹4,500 crore AT‑1 bond and ₹4,000 crore Tier‑2 bond package aims to reinforce capital, while FCNR inflows and RBI swap facilities are expected to trim funding costs ahead of the FY28 earnings release on March 15.