Canara Bank

Canara Bank's domestic advances rose to ₹12.63 trillion and deposits to ₹15.48 trillion, while several other lenders also reported strong credit growth in quarterly updates.

PSU Bank stocks slide: Bank of India, Bank of Maharashtra, Union Bank of India, Canara Bank, Punjab National Bank and Bank of Baroda declined 2-4% in Monday's trading session.

Nandish Shah of HDFC Securities has recommended a Bear spread on Bank Nifty and a Bull spread on Canara Bank.

The Basel III-compliant perpetual bonds will have a call option after five years, while the coupon rate is expected to be in the range of 7.85-7.90 per cent

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The 200-DMA is a technical indicator widely used to determine the long-term trends of the underlying index or stock. Indices or stocks trading below the 200-DMA are considered to be in a downtrend.

Muthuselvaraj M of Mirae Asset Sharekhan expects the short-term bias to remain sideways but sees positive prospects for Bank of India, UCO Bank and IOB among others from a medium-term perspective.

Long build-up was seen in Canara Bank futures, with open interest rising alongside a 0.7 per cent increase in price.

South Indian Bank targets ₹3.25 trillion in total business within three years, with a focus on digital banking, retail assets, stronger efficiency and expansion into western India

At 11:31 AM on Wednesday, the Nifty PSU Bank index was the top gainer among sectoral indices up 1.6 per cent, as compared to a 0.74 per cent decline in the Nifty 50.

Canara Bank expects to raise up to $2.5 billion through FCNR(B) deposits and overseas borrowings as it guides for stable margins and healthy credit growth

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.