Canara Bank News

Realty, PSU Bank index hit 52-wk lows; Canara Bk, Godrej Properties down 3%

In the past one-month, the Nifty Realty and Nifty PSU Bank indices have underperformed the market by falling 14% and 8.7%, respectively, as compared to 1.6% fall in the Nifty 50

Reliance, Hero Moto, Coal India, DLF, REC from BSE 100 index hit 52-wk lows

Asian Paints, Power Grid, Tata Motors, Canara Bank, GAIL (India), Indian Oil Corporation, Jio Financial and Tube Investments of India from the index also hit their respective 52-week lows today

RBI's liquidity move boosts rate cut expectations: Canara Bank MD & CEO

I personally feel that steps may start addressing concern only from April onwards. In two months, the banking industry, most of them, will be aggressive on the top line, K Satyanarayana Raju said

Canara Bank Q3 results: Profit rises 12.25% to Rs 4,104 cr, NII down 3%

Canara Bank Q3FY25 results: Gross non-performing asset (NPA) ratio declined to 3.34% of total advances as of December 2024, compared to 4.39% in December 2023

Canara Bank Q3 results: Net profit up 12.25% on non-interest income boost

The non-interest income, covering fees, commissions, treasury revenues, and recoveries, rose by 35.1 per cent Y-o-Y to Rs 5,802 crore

Q3 results Jan 27: Coal India, Tata Steel among 78 to post earnings today

Q3FY25 company results, January 27: Coal India, Bajaj Housing Finance, Canara Bank, and ACC will release their reports for the Oct-Dec 2024 quarter

SBI, BoB, BoI: How to trade PSU Bank stocks as index falls 20% from peak

The Nifty PSU Bank index has plunged over 20% in the last six months and now seen testing long-term support on the monthly chart. Will PSU Banks rebound or extend fall? Key levels to watch out for.

Markets Today: RBI Policy, FIIs, Sensex, GIFT Nifty; Ganesh Infraworld IPO

Pre-market update: RBI policy decision likely to set the equity market trend on Friday; Strong FIIs buying a positive; Ganesh Infraworld likely to witness a bumper listing on the NSE SME platform.

Nifty PSU Bank index slips 5%; PNB, BOB, Canara, SBI dip up to 7%

At 10:00 AM, the Nifty PSU Bank index, the top loser among sectoral indices, was down 4.7 per cent, as compared to the 0.92 per cent decline in the Nifty 50

Canara Bank aims Rs 6,000 cr recovery in H2 FY25, expect Rs 3,000 cr in Q3

State-owned Canara Bank aims to recover about Rs 6,000 crore from bad loans during the second half of the current fiscal. "We are anticipating recovery somewhere about Rs 3,000 crore in the third quarter and a similar amount in the fourth quarter," Canara Bank managing director and CEO K Satyanarayana Raju told PTI. The bank has recovered Rs 2,905 crore, including recovery in written-off accounts, in the second quarter. Slippages would be much less than recovery as the bank would be underwriting good loans, Raju said. Asked about the initial public offering (IPO) of Canara Robeco Asset Management Company, he said it may happen in the fourth quarter of this financial year. The approval from the finance ministry for the IPO of Canara Robeco Asset Management Company (AMC) is expected shortly. The lender holds a 51 per cent stake in the mutual fund. It plans to offload a 13 per cent stake through IPO. Last December, Canara Bank gave an in-principle approval to start the process of l

Canara Bank cuts gold loan growth to 15-17% amid regulatory concerns

Stops lending to MSMEs against gold as collateral

Canara Bank's Q2FY25 results: Net profit up 11.31% at Rs 4,014 crore

Guides for pressure on margin for two quarters

Nifty PSU Bank index soars 4%; Indian Bank, BOB zoom up to 12% post Q2 nos

At 02:20 pm; the Nifty PSU Bank index was the top gainer among sectoral indices, up 4 per cent, as compared to 0.8 per cent rise in Nifty 50.

Nifty PSU Bank index rises 2% after Bank of Baroda posts steady Q2 numbers

Analysts at Elara Capital said no significant asset quality challenges and steady growth may ensure rerating for some PSU banks (after recent correction) on earnings stability.