Canara Bank and Groww Report Second-Quarter Profits in Rupees
Canara Bank posted a Q2 net profit of 51.75 billion rupees, while Groww's consolidated net profit reached 7.26 billion rupees, according to Newsmetry API.
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what happened
Canara Bank Ltd reported a second-quarter net profit of 51.75 billion rupees. Its interest income came in at 351.59 billion rupees, provisions and contingencies totaled 17.82 billion rupees, and provisions for non-performing assets reached 13.39 billion rupees. The gross NPA ratio stood at 1.33%. Source: Newsmetry API.
Billionbrains Garage Ventures Ltd, which operates under the Groww brand, reported a consolidated net profit of 7.26 billion rupees for the second quarter. Its consolidated revenue from operations was 15.02 billion rupees.
why it matters
Two figures matter most for markets: the 1.33% gross NPA ratio and the size of provisions the bank sets aside for possible losses. They help gauge the quality of Indian lenders' loan books, while Groww's revenue trend shows how quickly fintech firms in India are expanding.
instruments
sources
- Canara Bank Q2 Net Profit 51.75 Billion Rupees — Newsmetry API, 14 October 2026 at 06:41 UTC
- Groww Q2 Consol Net Profit 7.26 Billion Rupees — Newsmetry API, 14 October 2026 at 07:16 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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