Canara Bank Q4 profit slips 10 percent as bond yield surge fuels treasury losses

Rising sovereign bond yields sparked surprise treasury losses

Canara Bank’s March-quarter net profit fell 10% to ₹4,506 crore, hurt by treasury losses linked to higher sovereign bond yields. Still, the bank’s asset quality improved, cushioning the downturn. For the full fiscal year, net profit grew 12.7% to ₹19,187 crore, showing stronger performance despite volatile markets.