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Tata Power Renewable Energy joins Canara Bank to boost PM Surya Ghar Muft Bijli Yojana Tata Power Renewable Energy Limited (TPREL), a subsidiary of the Tata Group, on Friday said it has joined Canara Bank to promote the adoption of rooftop solar systems under the PM Surya Ghar Muft Bijli Yojana.  As part of the initiative, households can benefit from tailored financing options under the PM Surya Ghar Scheme, designed to make rooftop solar installations more accessible and affordable, the company said in a statement. For systems with a capacity of up to 3 kW, the sche...
Tata Power Renewable Energy joins Canara Bank to boost PM Surya Ghar Muft Bijli Yojana
Tata Power Renewable Energy joins Canara Bank to boost PM Surya Ghar Muft Bijli Yojana
Source: IANS
2024-12-20 11:20:43 am
Vakrangee zooms on entering into agreement with Canara Bank Vakrangee is currently trading at Rs. 31.10, up by 1.89 points or 6.47% from its previous closing of Rs. 29.21 on the BSE. The scrip opened at Rs. 29.22 and has touched a high and low of Rs. 31.39 and Rs. 28.85 respectively. So far 1206388 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 37.72 on 01-Oct-2024 and a 52 week low of Rs. 18.45 on 21-Dec-2024. Last one week high and low of the scrip stood at Rs. 31.48 ...
Vakrangee zooms on entering into agreement with Canara Bank
Vakrangee zooms on entering into agreement with Canara Bank
Source: Accord Fintech
2024-12-19 10:48:08 am
Canara Bank gains on BSE Canara Bank is currently trading at Rs. 109.20, up by 1.05 points or 0.97% from its previous closing of Rs. 108.15 on the BSE. The scrip opened at Rs. 110.15 and has touched a high and low of Rs. 110.75 and Rs. 107.75 respectively. So far 1526069 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 129.35 on 04-Jun-2024 and a 52 week low of Rs. 82.66 on 21-Dec-2023. Last one week high and low of the scrip stood at Rs...
Canara Bank gains on BSE
Canara Bank gains on BSE
Source: Accord Fintech
2024-12-06 12:18:47 pm
Centre issues 1.3 crore Digital Life Certificates to pensioners in Campaign 3.0 The Centre's Department of Pensions and Pensioners' Welfare has successfully concluded its Campaign 3.0 with the issuing of 1.30 crore Digital Life Certificates pensioners, according to an official statement released on Sunday.  This initiative, launched to simplify life digital life certificate submissions, particularly for super senior pensioners, has set significant milestones by leveraging innovative technologies and widespread collaboration with all the stakeholders, the ...
Centre issues 1.3 crore Digital Life Certificates to pensioners in Campaign 3.0
Centre issues 1.3 crore Digital Life Certificates to pensioners in Campaign 3.0
Source: IANS
2024-12-02 08:48:24 am
Over 77 lakh Digital Life Certificates issued to ease life for pensioners: Centre he Centre’s campaign to ease life for pensioners has made considerable progress with over 77 lakh Digital Life Certificates (DLCs) being issued to them nationwide by the end of second week of its launch, it was announced on Monday.  As many as 1,77,153 pensioners covered under the Digital Life Certificate (DLC) Campaign 3.0 are above 90 years old while 17,212 pensioners are in the 80–90 years category, according to an official statement. Advanced authentication methods ...
Over 77 lakh Digital Life Certificates issued to ease life for pensioners: Centre
Over 77 lakh Digital Life Certificates issued to ease life for pensioners: Centre
Source: IANS
2024-11-18 12:31:14 pm
Buy Canara Bank Ltd For Target Rs.125 By Motilal Oswal Financial Services Ltd NII in line; controlled opex drives earnings beat Asset quality improves further * Canara Bank (CBK) reported 2QFY25 standalone PAT at INR40b (11.3% YoY growth, 6% beat) driven by lower opex. * NII rose 4.6% YoY to INR93.2b (in line). NIM moderated 4bp QoQ to 2.86% during the quarter. * Loan book grew 10.3% YoY/4% QoQ to INR9.8t, while deposit growth was modest at 9.3% YoY/0.9% QoQ to INR13.5t. CASA ratio stood at ~31.3% in 2QFY25. Management guided 11% credit growt...
Buy Canara Bank Ltd For Target Rs.125 By Motilal Oswal Financial Services Ltd
Buy Canara Bank Ltd For Target Rs.125 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-13 11:36:02 am
Scheduled commercial banks, NBFCs to give additional MSME credit of Rs 1.54 lakh cr: FM The government has set the target for all scheduled commercial banks and NBFCs for providing additional MSME credit of Rs 1.54 lakh crore in the current financial year (FY25).  The banks and NBFCs should aim at total credit growth of Rs 5.75 lakh crore, Rs. 6.21 lakh crore and Rs 7 lakh crore to MSMEs in the financial year 2024-25, 2025-26 and 2026-27 respectively, according to Finance Minister Nirmala Sitharaman. At the ‘National MSME Cluster Outreach’ programme here, ...
Scheduled commercial banks, NBFCs to give additional MSME credit of Rs 1.54 lakh cr: FM
Scheduled commercial banks, NBFCs to give additional MSME credit of Rs 1.54 lakh cr: FM
Source: IANS
2024-11-10 10:43:35 am
Niva Bupa Health Insurance’s IPO subscribed 65 pc on day 1 iva Bupa Health Insurance Company saw its initial public offering (IPO) subscribed 65 per cent on the first day of bidding.  The issue received bids of 11,19,04,400 shares against the offered 17,28,57,143 equity shares, at a price band of Rs 70-74, according to the data available on the stock exchanges, according to a company statement. Retail portion and non-institutional investors portion were subscribed 0.71 times and 0.33 times respectively, whereas Qualified Institutional Buye...
Niva Bupa Health Insurance’s IPO subscribed 65 pc on day 1
Niva Bupa Health Insurance’s IPO subscribed 65 pc on day 1
Source: IANS
2024-11-08 09:37:26 am
Stock Picks : Canara Bank Ltd and Hindustan Copper Ltd By ICICI Direct Canara Bank Ltd Buy Canara Bank Ltd @ 109.50-110 Target 111.50 Stop Loss 108.40   Hindustan Copper Ltd Buy Hindustan Copper Ltd @ 343.50-344.50 Target 348.00 Stop Loss 341.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Canara Bank Ltd and Hindustan Copper Ltd By ICICI Direct
Stock Picks : Canara Bank Ltd and Hindustan Copper Ltd By ICICI Direct
Source: ICICI Direct
2024-09-27 11:22:44 am
India`s first perpetual bond issue since valuation rule tweak sees strong interest  India's first additional Tier I perpetual bond issuance after recent rule changes to make them more appealing was sold at a lower-than-expected coupon, indicating a revival in demand for such papers, four merchant bankers said on Tuesday. Canara Bank sold perpetual bonds with a call option at the end of 10 years at a coupon of 8.27% compared to expectations of 8.30%-8.34%. KEY CONTEXT Additional Tier I perpetual bonds have no pre-defined maturity date and mature when an iss...
India`s first perpetual bond issue since valuation rule tweak sees strong interest
India`s first perpetual bond issue since valuation rule tweak sees strong interest
Source: Reuters
2024-08-27 04:37:56 pm
Buy Canara Bank Ltd For Target Rs.130 By Emkay Global Financial Services Growth slows, margin slips, but still delivers healthy RoA Despite margin slip in 1Q due to seasonal factors and change in recognition of penal interest into other income, Canara Bank reported largely in-line earnings with PAT at Rs39bn/1% RoA mainly led by higher PSLC fees at Rs17.5bn and contained provisions. The bank guided for slower growth in FY25 with margins around 2.95-3%, but contained credit costs should help it deliver healthy RoA. Following the implementation of new investment ...
Buy Canara Bank Ltd For Target Rs.130 By Emkay Global Financial Services
Buy Canara Bank Ltd For Target Rs.130 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-08-14 02:51:27 pm
Buy Canara Bank Ltd For Target Rs. 133 By Motilal Oswal Financial Services Earnings in line; margin contracts 17bp QoQ Asset quality ratios improve slightly * Canara Bank (CBK) reported 1QFY25 standalone PAT of INR39.1b (up 10.5% YoY, in line), driven by lower provisions. * NII grew 5.8% YoY to INR91.7b (5% miss). Margin contracted 17bp QoQ to 2.9% hit by a change in the accounting policy, though management maintained its NIM guidance of 2.95% by exit-FY25. * On the business front, loan book rose 10.7% YoY/1.6% QoQ to INR9.5t, while deposits grew 12% YoY/1....
Buy Canara Bank Ltd For Target Rs. 133 By Motilal Oswal Financial Services
Buy Canara Bank Ltd For Target Rs. 133 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-08-04 05:17:26 pm
Buy Canara Bank Ltd For Target Rs.133 By Motilal Oswal Financial Services Earnings in line; margin contracts 17bp QoQ Asset quality ratios improve slightly * Canara Bank (CBK) reported 1QFY25 standalone PAT of INR39.1b (up 10.5% YoY, in line), driven by lower provisions. *  On the business front, loan book rose 10.7% YoY/1.6% QoQ to INR9.5t, while deposits grew 12% YoY/1.7% QoQ to INR13.3t. CASA ratio moderated 131bp QoQ to ~31%. * GNPA/NNPA ratios improved 9bp/3bp QoQ to 4.14%/1.24%. Fresh slippages moderated slightly to INR30.2b from INR30.8b in ...
Buy Canara Bank Ltd For Target Rs.133 By Motilal Oswal Financial Services
Buy Canara Bank Ltd For Target Rs.133 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-07-30 04:40:02 pm
Canara Bank clocks 10.5 per cent jump in Q1 net profit at Rs 3,905 crore Canara Bank on Thursday reported a 10.5 per cent jump in net profit for the April-June quarter of the current financial year to Rs 3,905 crore, compared to the corresponding figure of Rs 3,534 crore in the same quarter of last year.   The bank’s net interest income (NII) during the first quarter increased 6 per cent to Rs 9,166 crore from Rs 8,666 crore in the same period last year. Its operating profit (before provisions and contingencies) remained flat at around Rs 7,616 cr...
Canara Bank clocks 10.5 per cent jump in Q1 net profit at Rs 3,905 crore
Canara Bank clocks 10.5 per cent jump in Q1 net profit at Rs 3,905 crore
Source: IANS
2024-07-26 09:10:06 am
Stock Picks : Wipro Ltd And Canara Bank Ltd By ICICI Direct Wipro Ltd. Buy Wipro Ltd @ 559-560 Target 566.00 Stop Loss 555.90   Canara Bank Ltd. Buy Canara Bank Ltd @ 116.50-117.00 Target 118.80 Stop Loss 115.70     Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Wipro Ltd And Canara Bank Ltd By ICICI Direct
Stock Picks : Wipro Ltd And Canara Bank Ltd By ICICI Direct
Source: ICICI Direct
2024-07-16 10:55:00 am
BUY Canara Bank Ltd. For Target Rs. 650 - Emkay Global Financial Services Stable margins, healthy RoA; retain BUY Despite higher opex/LLP, Canara Bank (CBK) reported nearly inline PAT at Rs37.6bn/RoA @ 1%. This was mainly driven by steady & healthy margins at 3% and fees/treasury gains. Going forward, the bank expects credit growth to remain moderate @10% (with a slight upward bias), with clear focus on managing margins at 2.9-3%, hence also the overall profitability. Bank has indicated that it has ~Rs1,000bn (~10% of gross advances) exposure towards project...
BUY Canara Bank Ltd. For Target Rs. 650 - Emkay Global Financial Services
BUY Canara Bank Ltd. For Target Rs. 650 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-06-27 05:38:38 pm
Buy Canara Bank Ltd. For Target Rs. 650 - Motilal Oswal Financial Services Earnings in line; asset quality improves further Guides for RoA of ~1% in FY25 * Canara Bank (CBK) reported 4QFY24 standalone PAT of INR37.6b (up 18% YoY, in line), driven by higher other income. NII grew 11.2% YoY (in line), while margins improved 4bp QoQ to 3.07%. * Other income grew 9.3% YoY to INR52.2b (up 21.5% QoQ, 14% beat). PPoP thus grew 2% YoY (5% beat). * On the business front, loan book grew 12.2% YoY (1.2% QoQ), while deposits grew 11.3% YoY (3.9% QoQ) to INR13.1t. Th...
Buy Canara Bank Ltd. For Target Rs. 650 - Motilal Oswal Financial Services
Buy Canara Bank Ltd. For Target Rs. 650 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-20 06:04:19 pm
Buy Canara Bank Ltd. For Target Rs. 600 - JM Financial Services Steady quarter JM Financial Institutional Securities Limited JM Financial Research is also available on: Bloomberg - JMFR , Thomson Publisher & Reuters, S&P Capital IQ, FactSet and Visible Alpha Please see Appendix I at the end of this report for Important Disclosures and Disclaimers and Research Analyst Certification. Canara bank (CBK) reported steady headline parameters with PAT at INR 37.6bn (+18.3% YoY, +2.8% QoQ) and steady growth in net advances (+12.2% YoY, +1.2% QoQ). Desp...
Buy Canara Bank Ltd. For Target Rs. 600 - JM Financial Services
Buy Canara Bank Ltd. For Target Rs. 600 - JM Financial Services
Source: JM Financial Services
2024-06-16 01:38:44 pm
Stock Picks : Tata Motors Ltd And Canara Bank Ltd By ICICI Direct Tata Motors Ltd Buy Tata Motors Ltd @ 987-989 Target 998.00 Stop Loss 982.30   Canara Bank Ltd Buy Canara Bank Ltd @ 120.60-121.20 Target 122.80 Stop Loss 119.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Tata Motors Ltd And Canara Bank Ltd By ICICI Direct
Stock Picks : Tata Motors Ltd And Canara Bank Ltd By ICICI Direct
Source: ICICI Direct
2024-06-12 10:07:12 am
Stock of the day : Canara Bank Ltd. For Target Rs.144 - Religare Broking Canara Bank Ltd * PSUBANKS witnessing strong action and CANBK has registered a fresh breakout on the daily chart. * It has recorded a breakout from the consolidation range to the record high zone with strong surge in volume. * Following, price pattern and buoyancy in the sector, we expect bullish tone to continue. * Traders can consider fresh longs in the mentioned range. Buy Canara Bank Ltd CMP 128.25 Range 127-129 SL 119; Targe...
Stock of the day : Canara Bank Ltd. For Target Rs.144 - Religare Broking
Stock of the day : Canara Bank Ltd. For Target Rs.144 - Religare Broking
Source: Religare Broking
2024-06-04 10:59:10 am
Canara Bank climbs on getting nod for capital raising plan for FY25 Canara Bank is currently trading at Rs. 117.85, up by 2.80 points or 2.43% from its previous closing of Rs. 115.05 on the BSE. The scrip opened at Rs. 116.65 and has touched a high and low of Rs. 119.30 and Rs. 114.40 respectively. So far 3743584 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 126.53 on 03-May-2024 and a 52 week low of Rs. 58.29 on 26-Jun-2023. Last one week high and low of the scrip stood at Rs...
Canara Bank climbs on getting nod for capital raising plan for FY25
Canara Bank climbs on getting nod for capital raising plan for FY25
Source: Accord Fintech
2024-05-31 03:47:24 pm
MicroStrategy, Indian companies among additions to MSCI indexes Index provider MSCI will count U.S. bitcoin investor MicroStrategy among 42 additions to its widely tracked world index while more firms from India join its emerging markets index, following a quarterly review. They are closely watched as billions of dollars invested in exchange-traded funds track MSCI indexes and they are used as a performance benchmark for fund managers. In total, there are 42 securities to be added and 121 cut from the all-country world index. The three largest ad...
MicroStrategy, Indian companies among additions to MSCI indexes
MicroStrategy, Indian companies among additions to MSCI indexes
Source: Reuters
2024-05-15 12:50:52 pm
Canara Bank - Q4 FY24 Results - 08.05.2024 Key Summary of Business Performance (as on 31.03.2024)   Business   Global Business increased by 11.31% (y.o.y) to Rs 2272968cr as at Mar 2024 with Global Deposits at Rs 1312366cr11.29% (y.o.y) and Global Advance (gross) at Rs 960602cr11.34%(y.o.y). Domestic Deposit of the Bank stood at Rs1214951Cr as at Mar 2024 with growth of 10.98%(y.o.y). Domestic Advances (gross) of the Bank stood at Rs908182 Cr as at Mar 2024 grew by11.06%(y.o.y). Retail lending Portfolio ...
Canara Bank - Q4 FY24 Results - 08.05.2024
Canara Bank - Q4 FY24 Results - 08.05.2024
Source: PR Agency
2024-05-08 04:09:26 pm
Buy Canara Bank Ltd For Target Rs. 570 - Motilal Oswal Financial Services Lower provisions aid earnings; asset quality improves RoA to expand further * Canara Bank (CBK) reported 3QFY24 standalone PAT at INR36.6b (up 27% YoY, in line), driven by lower provisions. NII grew 9.5% YoY (in line), while margins improved 3bp QoQ to 3.03%. * Other income grew 8% YoY to INR43b (down 7% QoQ, 6% miss). Opex grew 23% YoY to INR69.1b (17% QoQ growth, 8% beat). PPoP, thus, declined 2% YoY (7% miss). The C/I ratio rose to 50.4% due to wage revisions at 17%. * On the ...
Buy Canara Bank Ltd For Target Rs. 570 - Motilal Oswal Financial Services
Buy Canara Bank Ltd For Target Rs. 570 - Motilal Oswal Financial Services
Source: motilal oswal financial services Ltd
2024-04-30 12:25:15 pm
Stock Picks : Canara Bank Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct Canara Bank Ltd Buy Canara Bank Ltd @618-619 Target 625.00Stop Loss 614.80   Hindustan Petroleum Corporation Ltd  Buy Hindustan Petroleum Corporation Ltd @491.50-492.50 Target 497.80 Stop Loss 489.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Canara Bank Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct
Stock Picks : Canara Bank Ltd And Hindustan Petroleum Corporation Ltd By ICICI Direct
Source: ICICI Direct
2024-04-29 10:56:12 am
Stock Picks : Tata Motors Ltd And Canara Bank Ltd By ICICI Direct Tata Motors Ltd Buy Tata Motors Ltd @986-988 Target 998.00 Stop Loss 981.70   Canara Bank Ltd Buy Canara Bank Ltd @602-603 Target 609.00 Stop Loss 598.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Tata Motors Ltd And Canara Bank Ltd By ICICI Direct
Stock Picks : Tata Motors Ltd And Canara Bank Ltd By ICICI Direct
Source: ICICI Direct
2024-04-24 10:46:40 am
Buy Canara Bank Ltd For Target Rs.570 Lower provisions aid earnings; asset quality improves RoA to expand furtherBy Motilal Oswal Financial Services Ltd Lower provisions aid earnings; asset quality improves RoA to expand further * Canara Bank (CBK) reported 3QFY24 standalone PAT at INR36.6b (up 27% YoY, in line), driven by lower provisions. NII grew 9.5% YoY (in line), while margins improved 3bp QoQ to 3.03%. * Other income grew 8% YoY to INR43b (down 7% QoQ, 6% miss). Opex grew 23% YoY to INR69.1b (17% QoQ growth, 8% beat). PPoP, thus, declined 2% YoY (7% miss). The C/I ratio rose to 50.4% due to wage revisions at 17%. * On the ...
Buy Canara Bank Ltd For Target Rs.570 Lower provisions aid earnings; asset quality improves RoA to expand furtherBy Motilal Oswal Financial Services Ltd
Buy Canara Bank Ltd For Target Rs.570 Lower provisions aid earnings; asset quality improves RoA to expand furtherBy Motilal Oswal Financial Services Ltd
Source: motilal oswal financial services Ltd
2024-04-22 12:21:11 pm
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn MSCI India Standard Index rebalancing announcement scheduled on May 14 is expected to see one of the largest inclusions of 18 stocks with inflows of $2.7 billion. JM Financial Institutional Securities said the price cut-off date for the rebalancing is any of the last 10 business days in the month of April. “Based on the current price, we expect the following inclusions and exclusions. However, the list is subject to change, depending on the stock price prevailing during the cut-of...
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn
MSCI India index rebalancing could see inclusion of 18 stocks with inflow of $2.7 bn
Source: IANS
2024-04-09 12:33:35 pm
Canara Bank inches up on unveiling new products to meet shortfall of hospital expenditure Canara Bank is currently trading at Rs. 606.20, up by 0.05 points or 0.01% from its previous closing of Rs. 606.15 on the BSE. The scrip opened at Rs. 615.30 and has touched a high and low of Rs. 615.30 and Rs. 602.30 respectively. So far 222200 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 615.30 on 04-Apr-2024 and a 52 week low of Rs. 281.40 on 05-Apr-2023. Last one week high and low of the scrip stood at R...
Canara Bank inches up on unveiling new products to meet shortfall of hospital expenditure
Canara Bank inches up on unveiling new products to meet shortfall of hospital expenditure
Source: Accord Fintech
2024-04-04 03:48:22 pm
Stock of the day : Canara Bank Ltd For Target Rs.638- Religare Broking Canara Bank Ltd  * We are seeing decent traction in the PSU Banking pack and CANBK is also participating in the move. * It has registered a fresh breakout from the corrective phase with noticeable surge in volumes. *Following price pattern and Buoyancy in the PSU banking stocks suggests prevailing trend to strengthen further. *We thus recommend creating fresh longs in the mentioned range. Buy Canara Bank Ltd CMP 606.95 Range 605-608 SL 591...
Stock of the day : Canara Bank Ltd For Target Rs.638- Religare Broking
Stock of the day : Canara Bank Ltd For Target Rs.638- Religare Broking
Source: Religare Broking
2024-04-04 11:47:46 am
Buy Canara Bank Ltd. For Target Rs.570 By Motilal Oswal Financial Services Lower provisions aid earnings; asset quality improves RoA to expand further Canara Bank (CBK) reported 3QFY24 standalone PAT at INR36.6b (up 27% YoY, in line), driven by lower provisions. NII grew 9.5% YoY (in line), while margins improved 3bp QoQ to 3.03%. Other income grew 8% YoY to INR43b (down 7% QoQ, 6% miss). Opex grew 23% YoY to INR69.1b (17% QoQ growth, 8% beat). PPoP, thus, declined 2% YoY (7% miss). The C/I ratio rose to 50.4% due to wage revisions at 17%. On the busines...
Buy Canara Bank Ltd. For Target Rs.570 By Motilal Oswal Financial Services
Buy Canara Bank Ltd. For Target Rs.570 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-04-01 02:49:53 pm
Buy Canara Bank Ltd. For Target Rs.485 By JM Financial Services Steady quarter despite wage rate provision impact Canara Bank (CBK) delivered a steady quarter with PAT at INR 36.6bn (+1.4% QoQ, +26.9% YoY, inline JMFe) on the back of a) robust growth in NII (+5.8% QoQ, +9.5% YoY, +5% JMFe) and b) healthy growth in net advances (+3.2% QoQ, +12.8% YoY). Increase in CoFs (+7 bps QoQ) was off-set by an upward re-pricing of yields, which resulted in NIMs inching up to 3.03% (+3bps QoQ). Though, management anticipates CoFs to have an upward bias going ahead ...
Buy Canara Bank Ltd. For Target Rs.485 By JM Financial Services
Buy Canara Bank Ltd. For Target Rs.485 By JM Financial Services
Source: JM Financial Services
2024-03-30 10:21:50 am
Stock of the day : Canara Bank Ltd For Target Rs. 635 - Religare Broking Canara Bank Ltd Buy Canara Bank Ltd CMP 602.45; Range 600-604; SL 585; Target 635   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330  
Stock of the day : Canara Bank Ltd For Target Rs. 635 - Religare Broking
Stock of the day : Canara Bank Ltd For Target Rs. 635 - Religare Broking
Source: Religare Broking Ltd
2024-03-06 10:39:05 am
FM Nirmala Sitharaman launches Rs 1,000 cr worth infra projects Union Finance Minister Nirmala Sitharaman on Friday virtually launched seven infrastructure projects worth over Rs 1,000 crore that include residential and office complexes for government officials. The Finance Minister said that projects like these renew confidence and boosts morale of the officials that the government continues to provide for their welfare and well-being. For the Central Board of Direct Taxes (CBDT), the Finance Minister laid the foundation stone for the construction ...
FM Nirmala Sitharaman launches Rs 1,000 cr worth infra projects
FM Nirmala Sitharaman launches Rs 1,000 cr worth infra projects
Source: IANS
2024-03-02 09:08:30 am
Valuations of PSU banks turning less attractive, says brokerage The current benign credit environment has supported asset quality for PSU banks and early warning indicators give no reason to worry, Kotak Institutional Equities said in a report. Profitability has been further boosted by provision reversals and revenue recovery from bad loan resolutions. While these recoveries will likely hold up in FY2025E as well, a steady decline is inevitable thereby impacting profitability. Given the swift re-rating of valuation multiples, the brokerage has downgrad...
Valuations of PSU banks turning less attractive, says brokerage
Valuations of PSU banks turning less attractive, says brokerage
Source: IANS
2024-02-29 04:44:38 pm
India`s Canara Bank announces 5-for-1 stock split  India's state-owned Canara Bank said on Monday it plans to split each share into five, to make them more affordable for retail investors and boost their shareholding. The lender would need two months to get an approval for the stock split from the Reserve Bank of India, it said in an exchange filing. The Indian government owns nearly 63% stake in Canara Bank, while public shareholders own the rest. Its shares closed 1.2% lower on Monday, ahead of the share split announcemen...
India`s Canara Bank announces 5-for-1 stock split
India`s Canara Bank announces 5-for-1 stock split
Source: Retuers
2024-02-27 09:34:44 am
Canara Bank shines on raising Rs 2,000 crore through bonds Canara Bank is currently trading at Rs. 588.40, up by 22.30 points or 3.94% from its previous closing of Rs. 566.10 on the BSE. The scrip opened at Rs. 569.85 and has touched a high and low of Rs. 594.50 and Rs. 567.65 respectively. So far 557808 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 594.50 on 15-Feb-2024 and a 52 week low of Rs. 268.85 on 24-Feb-2023. Last one week high and low of the scrip stood at ...
Canara Bank shines on raising Rs 2,000 crore through bonds
Canara Bank shines on raising Rs 2,000 crore through bonds
Source: Accord Fintech
2024-02-15 02:36:10 pm
Stock Picks : Reliance Industries Ltd And Canara Bank Ltd By ICICI Direct Reliance Industries Ltd  Buy Reliance Industries Ltd  @ 29632965; Target 2994; Stop Loss 2949   Canara Bank Ltd Buy Canara Bank Ltd @ 566-567; Target 572; Stop Loss 563.20     Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html  
Stock Picks : Reliance Industries Ltd And Canara Bank Ltd By ICICI Direct
Stock Picks : Reliance Industries Ltd And Canara Bank Ltd By ICICI Direct
Source: ICICI Direct
2024-02-15 10:48:28 am
Canara Bank Organised a Mega Retail Utsav in Mumbai Canara Bank organised a Mega Retail Expo at CIDCO Exhibition Center, Vashi, Navi Mumbai on 10th February 2024. More than  Forty Five  top builders of the City participated and showcassed thier projects under one roof during the event. City's top most vehicle dealers  also participated in the Expo. Canara Bank Executive Director Mr. Ashok Chandra  graced the occasion and he  assured the customers of quick sanction of home loans with simple procedures. The Welcome A...
Canara Bank Organised a Mega Retail Utsav in Mumbai
Canara Bank Organised a Mega Retail Utsav in Mumbai
Source: PR Agency
2024-02-13 10:29:32 am
Canara Bank posts 27% jump in net profit for Oct-Dec quarter  Canara Bank on Wednesday reported a 26.87% increase in net profit to Rs 3,656 crore for the October-December quarter of the current financial year compared to the corresponding figure of Rs 2,881.5 crore in the same period last year. The bank’s Net Interest Income (NII) during the quarter rose 9.5% to Rs 9,417 crore from Rs 8,600 crore in the year ago period. The bank’s loans went up by 12.6% during the quarter. Asset quality of Canara Bank The bank also register...
Canara Bank posts 27% jump in net profit for Oct-Dec quarter
Canara Bank posts 27% jump in net profit for Oct-Dec quarter
Source: IANS
2024-01-24 02:59:40 pm
Time for investors to bank on a couple of PSU and private banks The Indian banking system consists of 12 public sector banks, 22 in the private sector, apart from foreign and cooperative banks. Over the last one year-to-date the Banking Index has delivered a return of 9.29 per cent. Post the Insolvency and Bankruptcy Code coming in place, most of the non-performing assets of the Indian Banking system have come to a resolution, either it has been paid off or has taken through the National Company Law Tribunal (NCLT) route. If we look at the non-perfo...
Time for investors to bank on a couple of PSU and private banks
Time for investors to bank on a couple of PSU and private banks
Source: IANS
2023-12-10 10:10:59 am
Stock Picks : Aurobindo Pharma Ltd And Canara Bank  By ICICI Direct Aurobindo Pharma Ltd Buy Aurobindo Pharma Ltd @1040-1042; Target 1052.00; Stop Loss 1036.70 Canara Bank Ltd   Buy Canara Bank Ltd @402.50-403.50; Target 408.20; Stop Loss 399.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Aurobindo Pharma Ltd And Canara Bank  By ICICI Direct
Stock Picks : Aurobindo Pharma Ltd And Canara Bank  By ICICI Direct
Source: ICICI Direct
2023-12-01 11:19:29 am
Buy Canara Bank Ltd For Target Rs.506- LKP Securities Price Analysis The Canara Bnak has been reporting consistent growth in net profit since previous thirteen quarters. In 2QFY24, the profitability increased by 42% YoY and 2% sequentially on the back of lower provisioning expenses. A bulky provision (?54bn) made in 4QFY20 (three years ago), continued to safeguard the balance sheet from delinquencies from restructuring with PCR (calculated) of 71.5% and PCR (including TWO) of 89%. On asset quality front, the GNPA/ NNPA ratio (4.76%/1.41%) imp...
Buy Canara Bank Ltd For Target Rs.506- LKP Securities
Buy Canara Bank Ltd For Target Rs.506- LKP Securities
Source: LKP Securities
2023-11-07 02:23:25 pm
Buy Canara Bank Ltd For Target Price Rs. 440 - Motilal Oswal Financial Services In-line performance; asset quality improves further NIMs compress 5bp QoQ * Canara Bank (CBK) reported a healthy quarter, with PAT up 43% YoY to INR36.1b (in line), driven by lower provisions. NII grew 20% YoY (in line), while margins moderated 5bp QoQ to 3.0%. * On the business front, loan book grew ~13% YoY (4% QoQ), driven by healthy traction in retail and corporate loans. Deposits grew 9% YoY (3% QoQ) to INR12.3t, led by 11% YoY growth in term deposits. * Asset quality ratios hav...
Buy Canara Bank Ltd For Target Price Rs. 440 - Motilal Oswal Financial Services
Buy Canara Bank Ltd For Target Price Rs. 440 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-10-30 11:31:01 am
Canara Bank logs 43% growth in Q2 PAT at Rs 3,606 cr Public sector mortgage lender Canara Bank on Thursday said it closed the second quarter of FY24 with a 42.81 per cent growth in its net profit.In a regulatory filing, Canara Bank said for the quarter that ended September 30, it had earned a total interest income of Rs.26,837.68 crore (Q2FY23 Rs 20,106.92 crore) and a net profit of Rs 3,606.14 crore (Rs 2,525.47 crore).During the period under review, the bank had earned Rs 4,634.50 crore (Rs 4,825.27 crore) as other income taking the total inc...
Canara Bank logs 43% growth in Q2 PAT at Rs 3,606 cr
Canara Bank logs 43% growth in Q2 PAT at Rs 3,606 cr
Source: IANS
2023-10-26 04:01:30 pm
Fearing Capital Invests $30 MIllion In Vastu Housing Finance Vastu Housing Finance Corporation Limited (?Vastu?) has closed a fund raise from Faering Capital, founded by Aditya Parekh and Sameer Shroff. The transaction is a secondary sale by funds managed by Multiples Alternate Asset Management and other shareholders of the company. Vastu is a digitally enabled retail affordable housing finance company with a pan-India presence. With a technology-first approach and strong credit unde...
Fearing Capital Invests $30 MIllion In Vastu Housing Finance
Fearing Capital Invests $30 MIllion In Vastu Housing Finance
Source: PR Agency
2023-10-20 02:33:17 pm
Canara Bank trades higher on raising Rs 5000 crore through bonds Canara Bank is currently trading at Rs. 375.45, up by 0.80 points or 0.21% from its previous closing of Rs. 374.65 on the BSE.The scrip opened at Rs. 377.75 and has touched a high and low of Rs. 378.15 and Rs. 372.50 respectively. So far 203767 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 385.85 on 22-Sep-2023 and a 52 week low of Rs. 212.75 on 29-Sep-2022.Last one week high and low of the scrip stood at Rs. 384.45 and R...
Canara Bank trades higher on raising Rs 5000 crore through bonds
Canara Bank trades higher on raising Rs 5000 crore through bonds
Source: Accord Fintech
2023-09-29 12:43:32 pm
Indian lenders step up fundraising via infrastructure bonds as spending rises Indian lenders are rushing to raise funds via longer term infrastructure bonds amid an increase in federal government spending.Banks have raised 310 billion rupees ($3.73 billion) via infrastructure bonds in the first six months of this financial year, already surpassing last year's total of 296 billion rupees, according to data compiled by Reuters.This includes the 50 billion rupees state-run Canara Bank raised through 10-year infrastructure bonds on Tuesday and the State Bank of India's 100...
Indian lenders step up fundraising via infrastructure bonds as spending rises
Indian lenders step up fundraising via infrastructure bonds as spending rises
Source: Reuters
2023-09-27 03:00:41 pm