Canara Bank Ltd

Canara Bank announced that the Marginal Cost of Funds Based Lending Rate (MCLR) of the bank with effect from 12 March 2025 shall be as under: MCLR Tenor  MCLR (%) Overnight  8.30 One month  8.35 Three month  8.55 Six month  8.90 One year  9.10 Two year  9.25 Three year  9.30Powered by Capital Market - Live

Canara Bank rose for a third straight session today. The stock is quoting at Rs 84.55, up 3.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.3% on the day, quoting at 22369.85. The Sensex is at 73869.34, up 1.2%. Canara Bank has dropped around 10.87% in last one month. Meanwhile, Nifty Bank index of which Canara Bank is a constituent, has dropped around 3.7% in last one month and is currently quoting at 48245.2, up 0.57% on the day. The volume in the stock stood at 101.94 lakh shares today, compared to the daily average of 227.91 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 84.8, up 2.98% on the day. Canara Bank is down 29.54% in last one year as compared to a 0.46% fall in NIFTY and a 1.15% fall in the Nifty Bank index.The PE of the stock is 4.71 based on TTM earnings ending December 24.Powered by Capital Market - Live

Canara Bank dropped for a fifth straight session today. The stock is quoting at Rs 80.78, down 3.21% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.84% on the day, quoting at 22131.1. The Sensex is at 73247.33, down 1.83%.Canara Bank has lost around 12.13% in last one month.Meanwhile, Nifty Bank index of which Canara Bank is a constituent, has eased around 2.1% in last one month and is currently quoting at 48743.8, down 1.25% on the day. The volume in the stock stood at 187.19 lakh shares today, compared to the daily average of 220.04 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 81.21, down 3.09% on the day. Canara Bank tumbled 28.44% in last one year as compared to a 0.67% rally in NIFTY and a 4.37% spurt in the Nifty Bank index.The PE of the stock is 4.79 based on TTM earnings ending December 24.Powered by Capital Market - Live

Canara Bank announced that the Marginal Cost of Funds Based Lending Rate (MCLR) of the bank with effect from 12 February 2025 shall be as under: MCLR Tenor  MCLR (%) Overnight  8.35 One month  8.35 Three month  8.55 Six month  8.90 One year  9.10 Two year  9.35 Three year  9.45Powered by Capital Market - Live

Net interest income (NII) decreased 2.84% to Rs 9,149 crore in Q3 FY25 as against Rs 9,417 crore posted in Q3 FY24. Operating profit jumped 15.14% to Rs 7,837 crore in Q3 FY25 as compared to Rs 6,806 crore recorded in Q3 FY24. Provisions amounted to Rs 3,733 crore in Q3 FY25, up 18.50% from Rs 3,150 crore posted in Q3 FY24. Domestic deposits of the bank stood at Rs 12,57,426 crore as on 31 December 2024, up 7.76% YoY. Domestic advances (gross) grew by 9.55% YoY to Rs 9,87,591 crore as of 31 December 2024. The bank's CASA deposits rose 2.15% to Rs 3,77,207 crore as on 31 December 2024 as compared to Rs 3,69,256 reported as on 31 December 2023. The bank's global deposits stood at Rs 13,69,465 crore as on 31 December 2024, registering a growth of 8.43% YoY. On the asset quality front, the gross non-performing assets (GNPA) ratio improved at 3.34% as at December 2024 reduced from 3.73% as at September 2024, 4.39% as at December 2023. Net Non-Performing Assets (NNPA) ratio improved to 0.89% as at December 2024 reduced from 0.99% as at September 2024 to 1.32% as at December 2023 Provision Coverage Ratio (PCR) stood to 91.26% as at December 2024, against 90.89% as at September 2024 and 89.01% as at December 2023. CRAR stood at 16.44% as at 30 December 2024. Out of which CET1 is 11.97%, Tier-I is 14.55%, and Tier-II is 1.89%. The bank's return on assets improved to 1.03% for Q3 FY25 against 1.01% for Q3 FY24. Canara Bank is an Indian public sector bank. As of 31 December 2024, the bank has 9816 number of branches, out of which 3129 are rural, 2,887 are semiurban, 1938 are urban, and 1862 are metro, along with 9715 ATMs. Bank is also having 4 overseas branches in London, New York, Dubai, & IBU Gift City. Powered by Capital Market - Live

Canara Bank rose 2.89% today to trade at Rs 94.5. The BSE BANKEX index is up 0.87% to quote at 55181.32. The index is down 5.21 % over last one month. Among the other constituents of the index, Bank of Baroda increased 2.23% and Axis Bank Ltd added 1.65% on the day. The BSE BANKEX index went up 7.22 % over last one year compared to the 5.17% surge in benchmark SENSEX. Canara Bank has lost 5.88% over last one month compared to 5.21% fall in BSE BANKEX index and 3.86% drop in the SENSEX. On the BSE, 1.21 lakh shares were traded in the counter so far compared with average daily volumes of 10.73 lakh shares in the past one month. The stock hit a record high of Rs 129.35 on 04 Jun 2024. The stock hit a 52-week low of Rs 87.75 on 13 Jan 2025.Powered by Capital Market - Live

Net profit of Canara Bank rose 11.19% to Rs 4214.16 crore in the quarter ended December 2024 as against Rs 3790.21 crore during the previous quarter ended December 2023. Total Operating Income rose 7.93% to Rs 30750.73 crore in the quarter ended December 2024 as against Rs 28492.24 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Total Operating Income30750.7328492.24 8 OPM %65.0457.88 - PBDT5514.555008.59 10 PBT5514.555008.59 10 NP4214.163790.21 11 Powered by Capital Market - Live

Canara Bank is up for a fifth straight session in a row. The stock is quoting at Rs 100.18, up 2.35% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.58% on the day, quoting at 23337.8. The Sensex is at 77167.78, up 0.72%. Canara Bank has dropped around 0.89% in last one month. Meanwhile, Nifty Bank index of which Canara Bank is a constituent, has dropped around 3.72% in last one month and is currently quoting at 48540.6, up 1.79% on the day. The volume in the stock stood at 161.26 lakh shares today, compared to the daily average of 214.54 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 100.52, up 2.62% on the day. Canara Bank is up 9.87% in last one year as compared to a 9.88% gain in NIFTY and a 9.76% gain in the Nifty Bank index.The PE of the stock is 5.79 based on TTM earnings ending September 24.Powered by Capital Market - Live

Canara Bank will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live

Canara Bank gained for a third straight session today. The stock is quoting at Rs 97.24, up 2.69% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 23314.5. The Sensex is at 77055.77, up 0.43%. Canara Bank has slipped around 7.53% in last one month. Meanwhile, Nifty Bank index of which Canara Bank is a constituent, has slipped around 6.61% in last one month and is currently quoting at 48751.7, up 1.21% on the day. The volume in the stock stood at 239.15 lakh shares today, compared to the daily average of 203.19 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 98.03, up 3.37% on the day. Canara Bank is up 6.44% in last one year as compared to a 8.08% jump in NIFTY and a 7.12% jump in the Nifty Bank index.The PE of the stock is 5.6 based on TTM earnings ending September 24.Powered by Capital Market - Live