Canara Bank posted a 12% bump in net profit for Q3 FY25, touching ₹4,104 crore, but the numbers aren’t all sunshine. Net interest income shrank by 3%, slipping to ₹9,149 crore from ₹9,417 crore last year. It’s a curious contrast—profits climbing while core income stumbles. On the brighter side, operational efficiency shone through, with pre-provision operating profit jumping 15% to ₹7,837 crore. The bank’s asset quality showed real grit. Gross NPAs dropped to 3.34% from 4.39% a year ago, and net NPAs followed suit, sliding to 0.89%. Meanwhile, the provision coverage ratio inched up to a solid 91.26%. Yet, despite these improvements, investors weren’t convinced—shares took a 3% hit in Monday’s afternoon session. On the business front, global operations grew 9% year-on-year to ₹24.19 lakh crore. Domestic deposits and advances held steady at 8% and 10% growth, respectively. Retail credit was the real star, surging 35.46%, with housing loans up 12.26% and vehicle loans accelerating by 17.26%. Despite these wins, the market reaction signals lingering scepticism – whether it’s over that dip in net interest income or broader sector concerns, Canara Bank has more to prove.