Synopsis: Canara Bank and Union Bank of India both saw investor reactions after the Q2 FY26 results were declared. However, Canara Bank’s profitability was strong and Union Bank maintained strong asset quality.

In this article, we will compare two of the leading PS banks, namely Canara Bank and Union Bank of India, across key parameters like profitability, asset quality, deposits, and advances etc, and in the end, we will look at which one of the two performed better.

Revenue and Profitability

Canara Bank reported a Net Interest Income (NII) of Rs 9,141 crore in Q2 FY26, representing a 1.87 percent decline from Rs 9,315 crore in Q2 FY25. However, it recorded a growth of 1.47 percent from its previous quarter figure of Rs 9,009 crore.

Coming to its profitability front, Canara Bank re

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