Canara Bank News

PSU banks in focus; SBI, Canara Bank gain 2% in subdued market; here's why

As of 10:45 AM, the Nifty PSU Bank index was up 1 per cent, as compared to a 0.16 per cent decline in the Nifty 50.

Auto, realty, bank stocks gain after RBI MPC cuts repo rate by 25 bps

At 10:25 AM; Nifty Realty and Nifty PSU Bank index were up 1 per cent each, while, Nifty Auto, Nifty Bank and Nifty Financial Services index up in the range of 0.30 per cent to 0.60 per cent.

Up 76% since first RBI rate cut; analysts divided on further rally in banks

Data shows that bank stocks such as RBL Bank, AU Small Finance Bank, Canara Bank, The South Indian Bank and City Union Bank surged over 55 per cent since the RBI first cut repo rate in February 2025.

PSU bank stocks rally: SBI, Bank of Baroda, Canara Bank near record high

Nifty PSU Bank index has bounced back 55 per cent from its 52-week low level of 5,530.35 touched on March 3, 2025.

5 top quant multi-factor 'Buy' ideas from Motilal Oswal for December 2025

Multi-factor investing combines multiple proven metrics to identify stocks with strong potential, filtering out short-term volatility and focusing on consistent return

Nifty PSU Bank index at new high; up 27% in 3 months; what's driving PSBs?

Nifty PSU Bank index hit a new high at 8,665.70, in Wednesday's intra-day trade, surpassing its previous high of 8,624.80 touched on Nov 20, 2025. The index has gained 4% in the past two trading days.

Nifty PSU Bank index up 2%, SBI at new high; here's why PSBs are in demand

Indian Bank, Bank of Maharashtra, Bank of Baroda, Central Bank of India and Canara Bank were up in the range of 2 per cent to 3 per cent in intra-day trade on Tuesday.

Canara Bank to raise ₹3,500 crore via AT-1 bonds in FY's first issue

Canara Bank is set to raise up to Rs 3,500 crore through AT-1 bonds on November 25, likely the first such issue of the financial year, as falling yields revive activity in the domestic debt market

PSU Bank index leaps 30% in 2025; will private banks catch up in 2026?

Nifty PSU Bank index leads gains in 2025 as public sector lenders post strong loan growth, stable profitability and valuation comfort. Analysts expect the rally to continue into 2026

Canara Bank up 20% in 1 month; sets to hit new high after gap of 15 years

Canara Bank: The stock price of public sector bank hit a multi-year high of ₹150.35 in Monday's intra-day; its highest level since Jan 2011, while the record high stands at ₹164.19 hit on Nov 9, 2010.

Canara Bank expects GST reforms to give credit growth a leg-up in H2

Canara Bank expects credit momentum to continue in H2 of FY26, supported by GST rate cuts, robust rural lending, and higher retail demand even as it works to maintain profitability and asset quality

PSU Bank index zooms 24% since Sep; Bank of Baroda, Canara near record high

Bank of Baroda, Canara Bank, Bank of India, Union Bank of India, Uco Bank, Punjab & Sind Bank, Bank of Maharashtra, Indian Overseas Bank and Indian Bank were up in the range of 2-5% in Monday's trade.

BSE PSU index hits 52-week high; BHEL, CPCL, MRPL rally up to 17% in 1 week

In the past one week, PSU index has outperformed the market by gaining 1.5 per cent, as against 0.4 per cent decline in the BSE Sensex.

Sebi increases Bank Nifty stocks to 14 from 12, caps top stock's weight

As per the new rules, the index must include a minimum of 14 constituents, compared with the current 12, while the weight of the top constituent will be capped at 20% - down from 33% presently.

Canara Bank Q2 results: Net profit rises 19% to ₹4,774 cr on higher income

State-owned Canara Bank on Thursday reported 19 per cent increase in net profit at Rs 4,774 crore for the second quarter ended September on the back of decline in bad loans. The bank had earned a net profit of Rs 4,015 crore in the year-ago period. Total income increased to Rs 38,598 crore in the second quarter from Rs 34,721 crore in the same period of the previous fiscal, Canara Bank said in a regulatory filing. Interest income improved to Rs 31,544 crore from Rs 29,740 crore in the same quarter a year ago. However, Net Interest Income witnessed moderation in the quarter to Rs 9,141 crore as against Rs 9,315 crore a year ago. Operating profit also increased to Rs 8,588 crore as against Rs 7,654 crore in the same quarter a year ago. In terms of asset quality, gross non-performing assets (NPAs) of the bank moderated to 2.35 per cent of gross advances at the end of September 2025 as against 3.73 per cent by the year-ago period. Similarly, net NPAs or bad loans came down to 0.54

FSIB invites application for Canara MD & CEO a week after notification

FSIB reopens applications for Canara Bank's top post a week after the Centre allowed private sector professionals to compete for PSU bank MD & CEO positions

Nifty Bank up 1%, nears all-time high; SBI, Canara, PNB log 52-week highs

Nifty Bank index hit an intra-day high of 57,458.85 on the NSE, and was just 170-odd points shy from it's all-time high level of 57,628.40 registered on July 2, 2025.

Nifty PSU Bank index rallies 2%, SBI stock nears record high; here's why

SBI, Uco Bank, Punjab & Sind Bank, Indian Overseas Bank, Central Bank of India, PNB and Canara Bank were up in the range of 2 per cent to 5 per cent in Friday's intra-day trade.

Top stock picks for today, Oct 1: Hind Zinc, Hero MotoCorp, Canara Bank

Hindustan Zinc stock has given a range breakout on the daily chart with a large bodied bullish candle. The RSI indicator is rising which confirms the positive momentum.

Hindustan Zinc, Canara Bank: Chandan Taparia's strategy for top stocks

On option front, Maximum Call OI is at 25500 then 25300 strike while Maximum Put OI is at 25000 then 25200 strike