Canara Bank

State-owned lender reports steady quarterly earnings as higher net interest income offsets lower treasury income, while asset quality and loan growth continue to improve

The gross NPA ratio fell 112 basis points year-on-year to 1.57 per cent and the net NPA ratio declined 27 basis points to 0.36 per cent in the June quarter

The insurer reported a 20.15 per cent rise in Q1 FY27 net profit, supported by healthy growth in premium income, investment income and protection business

Rohan Shah, technical analyst at Asit C. Mehta Investment Interrmediates reckons that share prices of Canara Bank, Bank of India and Union Bank of India can appreciate by up to 16 per cent from here.

PSU Bank index logged its sharpest intra-day gain in three months on Friday. Analysts expect PSU Banks to outdo private peers on earnings front on improvement in asset quality and high credit growth.

Public sector lenders Canara Bank, Bank of Baroda (BoB) and Indian Bank together paid a dividend of Rs 7,023 crore to the government for the financial year 2025-26 on Monday. Newly appointed Canara Bank MD and CEO Brajesh Kumar Singh presented a dividend cheque of Rs 2,397 crore to Finance Minister Nirmala Sitharaman in the presence of Financial Services Secretary Sanjay Lohiya. For the financial year 2025-26, Canara Bank declared a dividend of 4.2 per share, representing 210 per cent of the face value of Rs 2 each, the lender said in a statement. The dividend payout is a testament to Canara Bank's strong financial performance and its ongoing commitment to creating long-term value for all stakeholders, including its majority stakeholder, the Government of India, it said. In its statement, BoB said the bank's MD and CEO, Debadatta Chand, presented a dividend cheque of Rs 2,811 crore to the Finance Minister. For 2025-26, the bank declared a dividend of Rs 8.50 per equity share, ...

Canara Bank launches special FCNR(B) scheme for NRIs, while Bank of Baroda introduces a 555-day deposit product with higher rates for senior citizens

The Rajesh Exports-Sebi case has renewed attention on Canara Bank's ₹509-crore exposure and the trade-finance transactions that linked the company to its Swiss subsidiary

At 11:26 AM on the Tuesday, the Nifty Bank and Nifty Private Bank index (up 1 per cent each) and Nifty PSU Bank index up 2 per cent outperformed the Nifty 50, which was down 0.03 per cent.

Canara Bank expects ₹1,000-2,000 crore in FCNR(B) inflows, aims to boost CASA deposits and reduce reliance on bulk deposits under its new CEO

The former Indian Bank executive director assumes leadership of the state-owned lender, filling a vacancy that arose after K Satyanarayana Raju's retirement

We expect to extend an additional Rs 18,000 crore- Rs. 20,000 crore of credit under the scheme. We have already identified eligible accounts, and the rollout will begin within the week, he said

Canara Bank shares gained despite mixed Q4FY26 results and lower FY27 NIM guidance. Analysts remain positive on credit growth but cautious on margin pressure.

State-owned lender sees sharp fall in treasury gains amid hardening bond yields; asset quality and retail loan growth remain strong

Canara Bank reported a standalone net profit of ₹4,505.57 crore, down 9.9 per cent from ₹5,002.66 crore in the year-ago period

Q4FY26 company results: Firms including Abbott India, JB Chemicals & Pharmaceuticals, Nuvama Wealth Management, and Shyam Metallics and Energy are also to release their January-March earnings today

The Cabinet approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to provide additional credit support to businesses facing liquidity stress due to the West Asia situation.

Canara HSBC Life Insurance plans to reduce reliance on Canara Bank as it scales alternate distribution channels and sustains growth momentum

The RBI has issued final guidelines for transitioning to an Expected Credit Loss (ECL) framework, effective April 1, 2027, largely in line with the earlier draft.

Target price of Canara Bank share: Sumeet Bagadia of Choice Broking expects Canara Bank to find strong support around ₹125, its previous rounding bottom breakout level.