Global Market Today: Stock selloff extends to Asia as chip rout deepens

Canara Bank's net profit increased by 8.4% year-on-year to ₹5,175 crore for the second quarter of FY27. The bank's improvement in asset quality and core income expansion contributed to this growth. However, mark-to-market losses from rising bond yields limited higher earnings. The gross non-performing assets ratio also improved, declining to 1.3%.