Canara Bank News and Updates

Name: Latest research reports of Canara Bank authored by Angel Broking and published by - Trendlyne research reports.
Item: Canara Bank
Rating: 5
Author: Angel Broking

Keep track of all breaking news on Canara Bank from all sources in a single place.

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Canara Bank

20 Feb 2017

107.21

0.35%

Canara Bank's Rs 1,124 cr rights issue to open on March 2

Business Standard

Proceeds will be utilised to fund business growth

Emkay released a Buy report for Canara Bank with a price target of 120.0 on 08 May, 2025.

Canara Bank's Rs 1,124-cr rights issue opens on March 2

Business Line | 20 Feb 2017

Canara Bank

15 Feb 2017

107.21

0.35%

Canara Bank will turn ex-rights on Friday

Business Line

Canara Bank turns ex-rights on Friday. The bank plans to raise 1,128 crore through a rights issue, which may open in March. Investors will receive one equity share on rights basis for cash at a...

Canara Bank has an average target of 127.20 from 5 brokers.

Canara Bank

14 Feb 2017

107.21

0.35%

Canara Bank to dilute stake in CanFin Homes

Business Line

Housing finance firm CanFin Homes today said its promoter Canara Bank will divest up to 13.45 per cent stake in the company by the end of next month.Canara Bank has informed the company that they...

Canara Bank is trading above all available SMAs

Canara Bank

09 Feb 2017

107.21

0.35%

'Canara Bank issue will be open from March 2-16'

Economic Times

The issue will be in the ratio of one share to ten shares and to reward the existing shareholders, the will get a discount of 33%, says Canara Bank MD & CEO.

Canara Bank is trading above all available SMAs

Canara Bank

27 Jan 2017

107.21

0.35%

Initiating Coverage

Buy: Canara Bank

Angel Broking

Can Fin Homes Ltd (Can Fin) is a south based (74% of business) housing finance company with 43.53% shareholdings owned by Canara Bank. Can Fin has maintained a low-risk profile loan book, predominantly focused on salaried class. We expect Can Fin to deliver RoE of more than 20% on a sustained basis from FY2017 onwards (FY2017-23.6%, FY201..

Canara Bank has gained 22.76% in the last 3 Months

Canara Bank

25 Jan 2017

107.21

0.35%

Canara Bank Ltd Q3FY17 results comment

Results Update: Canara Bank

HDFC Securities

NII fell to Rs. 2413.8 Cr in Q3FY17 compared to Rs. 2442.35 Cr in Q2FY17. NII rose by 8.41% ( Rs. 187.2 Cr ) when compared with the same period last year.

Canara Bank has gained 22.76% in the last 3 Months

Canara Bank

20 Jan 2017

107.21

0.35%

Canara Bank profit rises nearly four-fold in Q3

Business Line

Boosted by strong growth in treasury, interest incomes

Canara Bank is trading above all available SMAs

Retail, wholesale banking lift Canara Bank profits to Rs 322 cr in Q3

Business Line | 20 Jan 2017 1 more

Canara Bank

20 Jan 2017

107.21

0.35%

Canara Bank - 3QFY17 Result Update

Buy: Canara Bank

Target

Reliance Securities

Despite tough scenario, Canara Bank has delivered an inspiring performance on key asset quality parameters in 3QFY17. Slippages dipped to Rs22.3bn in 3QFY17 vs. Rs24.5bn & Rs38.8bn in 2QFY17 & in 1QFY17, respectively. Total gross NPAs and standard restructured loan declined to 13.6% of loan vs. 13.9% in 1QFY17. Further, its PCR improved to 52.5% in 3QFY17 from 50.8% in 1QFY17. However, its operating profit dipped by 7.4% qoq to Rs19.8bn, while PAT declined by 9.8% qoq to Rs3.2bn. Subdued performing on operating front is attributable to reversal of Rs2bn of interest income on SDR loans due to change in income recognition guidelines by the RBI. As...

Canara Bank has gained 22.76% in the last 3 Months

Canara Bank

05 Jan 2017

107.21

0.35%

More banks cut lending rates by up to 0.9%

Business Today

Joining the rate cut bandwagon, major banks, including HDFC Bank and Canara Bank, on Wednesday slashed their lending rates by up to 0.9 percentage point to make home and other loans cheaper to customers.