Canara Bank Ltd

Canara Bank announced credit rating actions from India Ratings & Research and India Ratings and Research (Ind-Ra) concerning various instruments, including Basel III AT1 Bonds with amounts of 45.0 and 120.0, Infrastructure Bonds totaling 100, and Basel III tier 2 Instruments amounting to 95.0; India Ratings & Research affirmed the IND AAA/Stable rating for Basel III AT1 Bonds (45.0), Infrastructure Bonds (100), and Basel III tier 2 Instruments (95.0), as well as the IND AA+/Stable rating for Basel III AT1 Bonds (120.0), and assigned an IND AA+ rating to AT1 Bonds with no specified amount, valid until September 4, 2026, while Ind-Ra affirmed IND AAA/Stable ratings for Basel III AT1 bonds (45), Infrastructure bonds (100), and Basel III Tier 2 Instruments (95), and affirmed IND AA+/Stable for Basel III AT1 bonds (120); India Ratings provided limited information and noted that ratings are not recommendations, and disclosed incomplete data under Regulation 30 of SEBI (LODR) Regulations, 2015, referencing SD: 252/253/11/12:2026-27.

Canara Bank informed the Bombay Stock Exchange and National Stock Exchange that Sunil Kumar Yadav has been promoted to Chief General Manager, effective September 1, 2026, according to a regulatory filing. Yadav, who began his career with the bank in September 2000, previously held the position of General Manager and possesses professional certifications from the Indian Institute of Banking & Finance.

Canara Bank informed the Bombay Stock Exchange and National Stock Exchange that Mahesh M Pai has ceased to be the Chief General Manager (CGM) of the bank, effective September 1, 2026, following his relieving from services on August 31, 2026.

Canara Bank said that its board will meet on September 3, 2026, to consider and approve raising foreign currency funds through the issuance of Senior Unsecured Foreign Currency Bonds/Medium Term Note (MTN) Bonds under the existing MTN Programme. The trading window for the bank's directors and designated persons will be closed from August 31, 2026, to September 5, 2026, in accordance with SEBI regulations.

Canara Bank said it will seek board approval on September 3, 2026, to raise foreign currency funds through the issuance of Senior Unsecured Foreign Currency Bonds/Medium Term Note (MTN) Bonds under its existing MTN Programme, according to a regulatory filing. The bank also announced that the trading window for directors and designated persons will be closed from August 31, 2026, to September 5, 2026, in accordance with SEBI regulations.

Canara Bank dropped for a fifth straight session today. The stock is quoting at Rs 128.48, down 0.48% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.46% on the day, quoting at 24043.1. The Sensex is at 76858.54, down 0.49%.Canara Bank has eased around 0.26% in last one month.Meanwhile, Nifty Bank index of which Canara Bank is a constituent, has eased around 1.55% in last one month and is currently quoting at 57262.4, down 0.37% on the day. The volume in the stock stood at 45.77 lakh shares today, compared to the daily average of 209.93 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 128.55, down 0.36% on the day. Canara Bank jumped 14.43% in last one year as compared to a 4.02% slide in NIFTY and a 2.42% spurt in the Nifty Bank index.The PE of the stock is 6.08 based on TTM earnings ending June 26.

Canara Bank is down 1.96% to Rs 129.37, paring recent gains of 1.79% over the last week. Canara Bank has disclosed that the Reserve Bank of India has imposed a monetary penalty of Rs 1,49,450.00 due to issues including CC Remittance Shortage of Rs 1,24,100.00, Mutilated Notes in CC Remittance amounting to Rs 23,350.00, and Counterfeit notes in CC Remittance of Rs 2,000.00, as informed to the Bombay Stock Exchange (Scrip Code: 532483) and the National Stock Exchange of India (Scrip Code: CANBK) on August 10, 2026, with the penalty impacting the bank’s financial activities to the extent of the stated amount. Canara Bank shares traded at a volume of 166.73 lakh today, a decrease of 8.29% from the one-week average volume. Canara Bank grew by 19.91% year-over-year, outperforming the NIFTY50 index's 0.1% loss.

Canara Bank rose for a fifth straight session today. The stock is quoting at Rs 129.67, up 0.59% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 24646.25. The Sensex is at 78807.06, up 0.29%. Canara Bank has added around 3.71% in last one month. Meanwhile, Nifty Bank index of which Canara Bank is a constituent, has added around 0.43% in last one month and is currently quoting at 57739.95, up 0.36% on the day. The volume in the stock stood at 81.18 lakh shares today, compared to the daily average of 240.37 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 130, up 0.7% on the day. Canara Bank is up 19.18% in last one year as compared to a 0.2% gain in NIFTY and a 4.38% gain in the Nifty Bank index.The PE of the stock is 6.05 based on TTM earnings ending June 26.

Canara Bank informed the Bombay Stock Exchange and National Stock Exchange of India that Shri. Sujit Kumar Sahoo has been designated as the Group Chief Compliance Officer (GCCO) of the bank for a period of 3 years, effective July 1, 2026.

The bank's net profit increased 2.2% YoY and 7.8% QoQ to Rs 4,856 crore in Q1 FY27. Total income increased 4.3% YoY and 8.2% QoQ to Rs 39,684 crore in the quarter ended 30 June 2026. Operating profit increased 1.0% YoY and 27.8% QoQ to Rs 8,636 crore. Net interest income (NII) rose 13.4% YoY and 4.2% QoQ to Rs 10,215 crore. Provisions declined 0.6% YoY to Rs 3,780 crore, although they increased 67.9% QoQ. Global business grew 14.4% YoY to Rs 29.05 lakh crore, driven by an 11.6% increase in global deposits to Rs 16.12 lakh crore and a 18.0% rise in global advances to Rs 12.93 lakh crore. Retail, Agriculture and MSME (RAM) credit grew 21.2% YoY, while the retail loan portfolio expanded 35.9% YoY to Rs 3.20 lakh crore. Housing loans increased 17.9% YoY, while vehicle loans grew 26.3% YoY. Fee income rose 5.4% YoY to Rs 2,342 crore. Asset quality improved during the quarter. The gross non-performing asset (GNPA) ratio declined to 1.57% from 2.69% a year ago and 1.84% in the previous quarter. The net NPA ratio improved to 0.36% from 0.63% a year ago and 0.43% in Q4 FY26. Provision Coverage Ratio (PCR) stood to 94.76% as at June 2026 against 94.21% as at March 2026, 93.17% as at June 2025. Credit Cost stood at 0.49% improving by 23 bps YoY and slippage Ratio stood at 0.60% improving by 20 bps YoY. The bank's capital adequacy ratio (CRAR) stood at 17.17%, with CET1 at 12.91%. It continued to exceed regulatory targets across priority sector lending, including agriculture, small and marginal farmers, weaker sections and micro enterprises. As of 30 June 2026, Canara Bank operated 10,131 branches, 11,047 ATMs and recyclers, and four overseas branches located in London, New York, Dubai and GIFT City. As on June 2026, the Government of India held 62.93% stake in the bank. Powered by Capital Market - Live