Canara Bank

NSE: CANBK | BSE: 532483 | ISIN: INE476A01022 | Industry: Banks
| Strong Performer, Under Radar
105.1600 -0.51 (-0.48%)
NSE May 15, 2025 15:31 PM
Volume: 22.6M
 

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Canara Bank
20 Feb 2018
105.16
-0.48%

Canara Bank

SPA Research
Canara bank reported higher NII of INR 36.8bn (52% y-o-y & 32% q-o-q) as there was a onetime income on interest on income tax refund of INR 7.4bn. Net total Income of INR 52.4bn (25% y-o-y & 11% q-o-q) & total opex of INR 24.1bn (9% y-o-y & 8% q-o-q) resulted in lower cost to income ratio of ~46% (-686bps y-o-y & -143 q-o-q). Elevated provisions of INR 26.7bn (80% y-o-y & 24% q-o-q) resulted in lower PAT of INR 1.25bn (-61% y-o-y & -52% q-o-q). Loan book stood at INR 3.73tn (13% y-o-y & 4% q-o-q) for the quarter. GNPA in absolute terms remained stable at INR 403bn (3% q-o-q) as both...
Canara Bank is trading above all available SMAs
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