Page 2 - Canara Bank News

Structural gains, valuation support positive for PSU bank stocks

PSU banks have gained 10% in a month as improved profitability, strong deposit franchises, stable asset quality and reasonable valuations drive investor interest

Motilal Oswal sees re-rating potential for PSU banks; SBI, PNB top bets

Despite a nearly 5x jump in aggregate mcap since FY20, most coverage PSBs still trade at reasonable valuations of 0.8-1x forward P/B & 5-7x FY27E EPS, leaving room for further upside.

SBI, Canara, Indian Bank hit 52-wk highs; PSU Bank index up 1%; here's why

In the past one month, the Nifty PSU Bank index has outperformed the market by surging 8 per cent, as compared to less than 1 per cent rise in the Nifty 50.

Nifty PSU Bank index rises 2%; nears 52-week high. What's driving PSBs?

Thus far in the month of September, Nifty PSU Bank index has outperformed by surging 7.5 per cent, as compared to 3.7 per cent rise in the Nifty 50.

PSU bank index jumps 21% in 6 months; time to rethink investment strategy?

PSU banks rally 21% in 6 months, outpacing private lenders. Experts say strong earnings and credit growth fuelled the surge. Time to rebalance portfolio? Find out investment strategy in bank stocks

Breakout stocks: SBI, Tata Chem, 3 others can rally up to 24%, hint charts

SBI, SBI Card, Canara Bank, Tata Chemicals and Wipro have witnessed a short-term breakout as per the price-to-moving averages action, shows the daily chart.

Stocks to watch today, Sep 12: Infosys, SBI, NBCC, Marico, RailTel, IOB

Stocks to watch on September 12: M&M, JSW Energy, GMR Power, Marico, JBM Auto, NLC India and JTL Industries among other stocks to track today.

Nifty PSU Bank index rallies 3% in 2 days; Indian Bank hits all-time high

PSU Bank stocks gained up to 2% in trade on Thursday; Nifty PSU Bank index hit an intra-day high of 7,142.25, and was 2.3 per cent away from its 52-week high of 7,304.80 touched on July 17, 2025.

MOFSL recommends top multi-factor stock picks for September 2025; details

Hindalco share price: With steady quality, value, and momentum, Hindalco share presents a consistent and resilient investment choice.

The good and worrying about the bad loan problem of state-owned banks

Lenders are improving asset quality but they are struggling to recover money

Bond windfall cushions NII strain for PSBs as margins shrink on rate cuts

Public sector banks saw Q1 FY26 profit rise 10.6% YoY on treasury gains and lower provisions, while NII was flat as lenders passed on policy rate cuts to customers

PSBs in focus: SBI, BOB up 2%, Indian Bank hits record high; here's why

At 10:22 AM; Nifty PSU Bank index, the top gainer among sectoral indices, was up 1.8 per cent, as compared to 0.19 per cent gain in the Nifty 50 on Monday.

Canara Bank to recruit people proficient in local languages: MD & CEO

We target that our recoveries should be substantially higher than the slippages, says K Satyanarayana Raju

Planning to sell excess priority sector loans in Q2 FY26: MD Canara Bank

Canara Bank plans to offload excess priority sector loans in Q2 FY26 to reduce margin stress, with its priority sector lending currently exceeding regulatory norms

Canara Bank net profit rises 22% on healthy growth in other income

Canara Bank reports a 22% rise in Q1FY26 net profit, buoyed by a 32.73% YoY increase in other income, despite pressure on its net interest margin

Select PSU banks gain up to 4%; Canara, Indian Bank near 52-week highs

At 01:49 PM, the Nifty PSU Bank index, the top gainer among sectoral indices, was up 1 per cent, as compared to a 0.50 per cent decline in the Nifty 50

Canara Bank Q1 results: PAT rises 22% to ₹4,752 cr; income at ₹38,063 cr

State-owned Canara Bank on Thursday posted a 22 per cent growth in net profit to Rs 4,752 crore during the first quarter of the current financial year. The Bengaluru-based bank had earned a net profit of Rs 3,905 crore in the same quarter of the previous fiscal year. The total income rose to Rs 38,063 crore during the June quarter of fiscal year 2025-26, from Rs 34,020 crore in the same quarter of FY25, Canara Bank said in a regulatory filing. Interest earned by the bank improved to Rs 31,003 crore, as compared to Rs 28,701 crore in the June quarter FY25. During the period under review, operating profit of the bank increased to Rs 8,554 crore, as compared to Rs 7,616 crore in the same quarter a year ago. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 2.69 per cent of gross advances at the end of the June quarter, from 4.14 per cent a year ago. Similarly, net NPAs, or bad loans, declined to 0.63 per cent, as against 1.24 per cent in t

Select PSU banks gain in weak market; Canara, Union, BOB surge up to 3%

Around 12 PM, the Nifty PSU Bank index was up 0.45 per cent, as compared to a 0.43 per cent decline in the Nifty 50

SBI, Indian, Union Bank gain up to 4%; what's driving PSU Banks today

PSU Bank shares in focus: At 10:37 AM; Nifty PSU Bank index was the top gainer among sectoral indices, up 2.4 per cent, as compared to 0.3 per cent decline in the Nifty 50.