Canara Bank Ltd

Canara Bank dropped for a fifth straight session today. The stock is quoting at Rs 109.59, down 1.48% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.42% on the day, quoting at 24841.65. The Sensex is at 81516.35, down 0.34%.Canara Bank has added around 1.51% in last one month.Meanwhile, Nifty Bank index of which Canara Bank is a constituent, has increased around 0.48% in last one month and is currently quoting at 55944.9, down 0.46% on the day. The volume in the stock stood at 104.33 lakh shares today, compared to the daily average of 301.73 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 109.91, down 1.52% on the day. Canara Bank tumbled 10.08% in last one year as compared to a 5.45% rally in NIFTY and a 10.4% spurt in the Nifty Bank index.The PE of the stock is 5.93 based on TTM earnings ending March 25.Powered by Capital Market - Live

The fundraising will comprise Rs 6,000 crore via Tier II bonds and Rs 3,500 crore through Additional Tier I (AT1) bonds. The issuances will be subject to market conditions and requisite regulatory approvals. Canara Bank is an India public sector bank. As on 31st March 2025, the Bank has 9,849 Number of Branches, out of which 3,139 are Rural, 2,900 Semi Urban, 1,944 Urban & 1,866 Metro along with 9,579 ATMs. Bank is also having 4 overseas branches in London, New York, Dubai & IBU Gift City. The bank's standalone net profit climbed 33.15% to Rs 5,002.66 crore on 9.78% increase in total income to Rs 37,352.80 crore in Q4 FY25 over Q4 FY24. Shares of Canara Bank shed 0.04% to Rs 111.65 on the BSE. Powered by Capital Market - Live

The Board of Canara Bank at its meeting held on 12 June 2025 has approved the capital raising plan of the Bank for the financial year 2025-26 amounting upto Rs 9,500 crore by way of debt instruments (Additional Tier I/Tier II Bonds). Further, out of the above capital raising plan, the Board of Directors of the Bank has approved the following: 1. To raise capital through Basel III Compliant Additional Tier I Bonds to the extent of Rs 3,500 crore during the FY 2025-26, subject to market conditions and necessary approvals. 2. To raise capital through Basel III Compliant Tier II Bonds to the extent of Rs 6,000 crore during the FY 2025-26, subject to market conditions and necessary approvals. Powered by Capital Market - Live

The new rates, effective from 12 June 2025, will reduce EMIs or loan tenures for borrowers, offering major relief to home and personal loan customers. The Reserve Bank of India (RBI) recently cut the repo rate by 50 basis points (0.50%), reducing it from 6% to 5.50%. Its effect is now slowly showing on the banks. Following other major banks, Canara Bank has now reduced its Repo Linked Lending Rate (RLLR) from 8.75% to 8.25%. Canara Bank is an India public sector bank. As on 31st March 2025, the Bank has 9,849 Number of Branches, out of which 3,139 are Rural, 2,900 Semi Urban, 1,944 Urban & 1,866 Metro along with 9,579 ATMs. Bank is also having 4 overseas branches in London, New York, Dubai & IBU Gift City. The bank's standalone net profit climbed 33.15% to Rs 5,002.66 crore on 9.78% increase in total income to Rs 37,352.80 crore in Q4 FY25 over Q4 FY24. Shares of Canara Bank shed 0.64% to Rs 116.35 on the BSE. 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 June 2025 shall be as under: MCLR Tenor  MCLR (%) Overnight  8.00 One month  8.05 Three month  8.25 Six month  8.60 One year  8.80 Two year  8.95 Three year  9.00Powered by Capital Market - Live

Canara Bank has postponed the meeting of the Board of Directors which was scheduled to be held on 20 June 2025. The meeting will now be held on 12 June 2025.Powered by Capital Market - Live

Canara Bank will hold a meeting of the Board of Directors of the Company on 20 June 2025.Powered by Capital Market - Live

Canara Bank is up for a fifth straight session in a row. The stock is quoting at Rs 104.82, up 3.93% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 1.13% on the day, quoting at 24644.05. The Sensex is at 81344.55, down 1.32%. Canara Bank has risen around 13.09% in last one month. Meanwhile, Nifty Bank index of which Canara Bank is a constituent, has risen around 4.99% in last one month and is currently quoting at 55382.85, down 0.7% on the day. The volume in the stock stood at 369.11 lakh shares today, compared to the daily average of 349.03 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 104.61, up 3.15% on the day. Canara Bank is down 7.49% in last one year as compared to a 10.92% spurt in NIFTY and a 14.91% spurt in the Nifty Bank index.The PE of the stock is 5.37 based on TTM earnings ending March 25.Powered by Capital Market - Live

Canara Bank announced that the 23th Annual General Meeting(AGM) of the bank will be held on 26 June 2025.Powered by Capital Market - Live

Net profit of Canara Bank rose 28.30% to Rs 5070.19 crore in the quarter ended March 2025 as against Rs 3951.76 crore during the previous quarter ended March 2024. Total Operating Income rose 7.54% to Rs 31495.57 crore in the quarter ended March 2025 as against Rs 29286.12 crore during the previous quarter ended March 2024. For the full year,net profit rose 14.80% to Rs 17539.62 crore in the year ended March 2025 as against Rs 15278.57 crore during the previous year ended March 2024. Total Operating Income rose 10.03% to Rs 121601.12 crore in the year ended March 2025 as against Rs 110518.76 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Total Operating Income31495.5729286.12 8 121601.12110518.76 10 OPM %61.5054.93 -61.3957.43 - PBDT6575.934960.06 33 23025.0219999.56 15 PBT6575.934960.06 33 23025.0219999.56 15 NP5070.193951.76 28 17539.6215278.57 15 Powered by Capital Market - Live