Canara Bank News

Nifty PSU Bank index surges 3%; PNB, PSB, Canara, Union Bank soar up to 8%

At 09:49 AM on Monday, the Nifty PSU Bank index was top gainer among sectoral indices, up 2.6 per cent, as compared to 0.02 per cent decline in the Nifty 50.

Festival demand already picking up: Canara Bank CEO Brajesh Kumar Singh

Brajesh Kumar Singh says treasury and forex income should improve, while the bank aims to raise ₹8,500 crore in capital this fiscal

Why are Canara Bank shares down 7% in trade today after Q2 results?

JM Financial has upgraded Canara Bank to 'Buy' from 'Add' on cheap valuations and improving fundamentals. It has also raised the target price to ₹150 from ₹142.

Canara Bank Q2 results: Profit rises 8% to ₹5,175 cr, revenue at ₹40,931 cr

State-owned Canara Bank on Wednesday reported an 8 per cent increase in net profit at Rs 5,175 crore for the September quarter of this fiscal. During the same quarter of the previous financial year, the bank had earned a net profit of Rs 4,774 crore in the year-ago period. Total income increased to Rs 40,931 crore in the second quarter from Rs 38,598 crore in the same period of the previous fiscal year, Canara Bank said in a regulatory filing. Interest income improved to Rs 35,159 crore from Rs 31,544 crore in the same quarter a year ago. Net Interest Income witnessed a 20 per cent jump in the reported quarter to Rs 11,005 crore as against Rs 9,141 crore a year ago. Operating profit also increased to Rs 8,758 crore as against Rs 8,588 crore in the same quarter a year ago. In terms of asset quality, gross non-performing assets (NPAs) of the bank moderated to 1.33 per cent of gross advances at the end of September 2026 as against 2.35 per cent by the year-ago period. Similarly, ne

Canara Bank stock jumps 5% post Q2 results

Canara Bank on Wednesday reported 8.4% YoY growth in Q2 net profit, and a notable improvement in gross and net non-performing assets.

HDFC Bank, SBI, Federal, Canara Bank up 2%; what's driving banking stocks?

Analysts at Kotak Institutional Equities believe the rate hike cycle poses limited risk for banks, given healthy balance sheets, tighter underwriting standards and stronger borrower fundamentals.

Canara Bank's advances grow 16.83%, outpace deposit growth in September

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.

Nifty PSU Bank tanks 2%, stocks dip up to 4%; Analysts flag rate hike woes

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.

F&O: Analyst suggests bear, bull spreads on Bank Nifty, Canara Bank

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

Stocks to watch: Vi, OMCs, SBI, Texmaco Rail, PNB, HDFC Bank, YES Bank

Stocks to watch: Crude-linked shares, Vodafone Idea, SBI, Texmaco Rail, PNB, HDFC Bank, YES Bank, JSW Infra, Shankesh Jewellers, Gabriel India, among others, will be in focus today.

Canara Bank to raise up to ₹4,500 crore via AT1 bonds next Wednesday

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

SBI, BoB, Canara Bank: 8 out of 12 Nifty PSU Bank stocks trade below 200-DMA

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.

Nifty PSU Bank tests 200-DMA; tech analyst flags key levels in 7 stocks

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.

HDFC Sec suggests Bear Spread on Nifty Midcap, Bull Spread on Canara Bank

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

Nifty PSU Bank index surges 2% in weak market; PNB, UBI gain up to 5%

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.

Rate sensitives shine: Realty up 3%, NSE Auto hits new peak on rate pause

Among interest rate sensitives, Exide, Uno Minda, Bosch, Tata Motors CV, Ashok Leyland, Godrej Properties, DLF and Lodha Developers gained 3-5% in Wednesday's intra-day trade post RBI policy.

Margins have bottomed out; NIM seen at 2.5-2.6%, says Canara Bank CEO

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

Canara Bank Q1FY27 results: Net profit rises 2.2% to ₹4,856 crore

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

Canara Bank Q1FY27: Net profit at ₹4,856 crore as NII grows 13.4%

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

Banks set for double-digit profit growth in Q1FY27: Emkay Global

Analysts at Emkay Global Financial Services believe that banks are likely to begin FY27 on a healthy note, with strong loan growth and resilient asset quality and treasury income gains.