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.
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Canara Bank has raised ₹3,500 cr through its first at1 bond issue of FY26, while Bharti telecom secured ₹8,500 cr via short-tenor bonds to refinance upcoming maturities amid rising bank bond activity
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.
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 is set to raise up to ₹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
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
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.
Fundraising rush follows SBI's record Oct issue as yields soften
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
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.
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.
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 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
Opening top positions at public sector banks for private candidates is a welcome move. Delinking their salary from the IAS is the next logical step
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.
The unlisted shares of Canara HSBC Life were trading at ₹116, up ₹10 or 9.5 per cent compared to the issue price of ₹106 per share
Canara Robeco AMC IPO: Ahead of the IPO, the company raised ₹397 crore from over 15 anchor investors
The life insurer's Rs 2,500-cr IPO is an offer for sale by existing shareholders, with CEO Anuj Mathur saying no fresh capital is needed for expansion
Canara HSBC Life Insurance IPO is available at a price band of ₹100 to ₹106 per share, with a lot size of 140 shares