Canara Bank News and Updates

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Canara Bank

08 Jul 2023

117.80

2.07%

Canara Bank showing signs of breakout from long consolidation phase: Rupak De

Economic Times

However, a non-stop rally of 900 points from 18600 level and a PCR ratio of around 1.50 suggest a slightly overbought condition for the market. The immediate resistance is visible at 19500; a failure to move above 19500 on a sustained basis might call for profit booking in the market.

Canara Bank is trading above all available SMAs

Canara Bank

30 Jun 2023

117.80

2.07%

CANARA BANK PRESS RELEASE FOR RUPAY CREDIT CARD ON UPI

Moneycontrol

Canara Bank has an average target of 129.00 from 4 brokers.

Canara Bank

30 Jun 2023

117.80

2.07%

Canara Bank gains on board nod to Rs 7,500-crore fund-raising plan

Moneycontrol

Canara Bank has given a guidance of 10.5 percent credit growth in FY24, said MD CEO Satyanarayana Raju has said

Canara Bank is trading at high day volume of 39.2M.

Canara Bank

01 Jun 2023

117.80

2.07%

Canara Bank aims to improve profitability further with focus on loan growth

Business Standard

Canara Bank on Thursday said the bank aims to improve bottomline further with balanced thrust on retail, MSME and corporate advances, coupled with increased adoption of digitalization for efficiency improvement. The bank recorded an 87 per cent jump in net profit to Rs 10,604 crore in FY 2022-23 with operating profit growing by 20.04 per cent to Rs 27,716 crore compared to preceding financial year. The bank expects a substantial improvement in low-cost deposits base in FY 2023-24 by increasing customer base, rolling out innovative and customised products and by leveraging technology to provide best in the services to valued customers, Canara Bank managing director K Satyanarayana Raju said in his address to shareholders. Bank's endeavour will be to keep reinventing itself by building on its strengths as per emerging industry landscape and changing customer needs, the annual report said. "Our endeavour is to ensure a 'customer-centric' banking model that creates long-term value for

Canara Bank has an average target of 129.00 from 4 brokers.

Canara Bank

26 May 2023

117.80

2.07%

Insurance, MF ventures to list in 15-18 months: Canara Bank MD & CEO

Business Standard

Subsidiaries have to double their value in the next three years, says K Satyanarayana Raju

Canara Bank has gained 40.37% in the last 6 Months

Canara Bank

22 May 2023

117.80

2.07%

Canara Bank's CGM appointed Deputy MD at IDBI Bank

Business Line

Canara Bank has an average target of 129.00 from 4 brokers.

Canara Bank's technology spend this year put at Rs 1,200 crore: MD & CEO, K Satyanarayana Raj

Business Line | 22 May 2023

Canara Bank

10 May 2023

117.80

2.07%

Upcoming provision rules cast shadow over Canara Bank outlook

livemint

In fourth quarter, Canara Bank's loans grew 18% year-on-year (y-o-y), but deposit growth was slower at 9%.

Canara Bank has an average target of 129.00 from 4 brokers.

Buy Canara Bank; target of Rs 400: Motilal Oswal

Moneycontrol | 10 May 2023

Canara Bank

09 May 2023

117.80

2.07%

Broker's Call: Canara Bank (Hold)

Business Line

Emkay Global

Canara Bank has an average target of 129.00 from 4 brokers.

Canara Bank

08 May 2023

117.80

2.07%

Canara Bank consolidated net profit jumps 74% to Rs 3,337 cr in March qtr

Business Standard

State-owned Canara Bank on Monday reported a 74 per cent jump in March quarter consolidated net profit to Rs 3,336.51 crore, helped by higher core income and lower provisions. The Bengaluru-based lender had reported a net profit of Rs 1,918.80 crore in the year-ago period. For FY23, its post tax profit grew to Rs 11,254.75 crore from Rs 6,124.83 crore in FY22. In the latest March quarter, the lender's core net interest income grew 23 per cent to Rs 8,617 crore. This was due to a 17 per cent growth in advances and a 0.14 per cent expansion in the net interest margin to 3.07 per cent. Its other income grew 7 per cent to Rs 4,776 crore but was also hit by a 72 per cent decline in the treasury income. Canara Bank's managing director and chief executive K Satyanarayana Raju said the bank will aim to grow its overall loan book in double-digit in FY24, and denied it being a moderation, saying the lender believes in over-delivering. Raju said the bank registered a corporate loan book...