Canara Bank

NSE: CANBK | BSE: 532483 | ISIN: INE476A01022 | Industry: Banks
| Strong Performer, Under Radar
104.7800 3.92 (3.89%)
NSE May 13, 2025 15:31 PM
Volume: 59.5M
 

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Canara Bank
30 Nov 2018
104.78
3.89%

Canara Bank

SPA Research
Canara Bank reported NII of INR 32.8bn (-15% q-o-q & 18% y-o-y) largely due to one-off lumpy interest recovery of INR 5.2bn from resolution of Bhushan steel in Q1 FY19. Net total Income stood at INR 48.3bn (-15% q-o-q & 2% y-o-y) largely due to lower other income of INR 15.55bn (-15% q-o-q & -20% y-o-y). Elevated provision of INR 28.4bn (10% q-o-q & 31% y-o-y) and a tax write back of INR 8.1bn resulted positive PAT of INR 3bn (6% q-o-q & 15% y-o-y). Loan book for the quarter stood...
Emkay released a Buy report for Canara Bank with a price target of 120.0 on 08 May, 2025.
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