Account menu
Banks
Canara Bank is a prominent Public Sector Bank with its stock ticker CANBK. It boasts a substantial market capitalization of Rs. 77,118.7 Crores. The bank operates both in India and internationally, offering a comprehensive range of banking products and services.
Personal Banking Services:
Canara Bank provides various personal banking services, such as savings and deposits, encompassing savings accounts, current accounts, recurring deposits, and term deposits. Additionally, it offers a variety of loan products, including home, vehicle, education, personal, mortgage, gold, MSME, corporate, agri, solar, rent, and cash loans.
Business and Financial Services:
The bank also caters to business needs with working capital, infrastructure, and export finance products. Its services include life, general, and health insurance products, depository services, merchant banking, online trading, and mutual funds.
Digital and Online Services:
Canara Bank emphasizes digital convenience, offering a digital lending portal, mobile and internet banking options, credit, debit, and prepaid cards, UPI, fastag, missed call banking, online account management, and comprehensive payment solutions.
Specialized Banking Services:
Additionally, Canara Bank serves Non-Resident Indians (NRIs) with dedicated accounts and remittance facilities, alongside attorneyship services, nomination facilities, supply chain finance management, syndication services, and IPO monitoring services.
Company Overview:
Established in 1906 and headquartered in Bengaluru, India, Canara Bank generated a trailing 12-month revenue of Rs. 149,785.8 Crores. The bank is known for its profitability, having recorded a profit of Rs. 17,198.6 crores over the past four quarters.
Dividends and Growth:
Canara Bank also rewards its investors with dividends, offering a dividend yield of 3.24% annually, with a distribution of Rs. 3.22 per share over the last year. The bank has achieved remarkable growth, experiencing a 59.7% increase in revenue over the past three years.
Profitability: Recent profitability of 11% is a good sign.
Dividend: Dividend paying stock. Dividend yield of 3.24%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Good revenue growth. With 59.7% growth over past three years, the company is going strong.
Balance Sheet: Strong Balance Sheet.
Size: It is among the top 200 market size companies of india.
Smart Money: Smart money looks to be reducing their stake in the stock.
Summary of Canara Bank's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated: Jan 25
Outlook by Management:
Canara Bank's management projects continued growth and stability, with key highlights:
Guidance Achievement: 9/13 FY25 targets already met, including advances growth (10.45%), improved asset quality (Gross NPA at 3.34%, Net NPA at 0.89%), and profitability metrics (PCR at 91.26%, ROE, EPS, etc.).
Deposit & Liquidity Focus:
Credit Growth & Margins:
Asset Quality:
Subsidiary Monetization:
Operational Priorities:
Management remains confident in sustaining performance, prioritizing deposit mobilization, asset quality, and calibrated growth across retail/corporate segments.
Last updated: Jan 25
1. Question: How does Canara Bank plan to boost its CASA ratio, and what is the tolerable level of LDR (Loan-to-Deposit Ratio)?
Answer: The bank focuses on innovative products (e.g., Canara Crest for high-net-worth clients) and expanding branch networks to retain customers. CASA growth is challenging due to market liquidity and customer preference for term deposits. The comfortable global CD ratio is 78%, balancing SLR/CRR requirements and credit growth.
2. Question: Were there one-off items affecting interest income, and why did fee-based income's "miscellaneous" component decline quarterly?
Answer: Interest income reduction (Rs.200 crore) stemmed from lower overnight lending and absence of a one-time Rs.320 crore NPA recovery. Fee income grew 23.31% YoY due to non-fund business and cash management services. "Miscellaneous" fluctuations reflect timing differences (e.g., CGTMSE fees in Q2).
3. Question: How is RBI's revised agri-gold loan framework impacting Canara Bank, and what underwriting changes are made?
Answer: No regulatory issues reported. Gold loans (Rs.30,000 crore) grow via secured personal loan products. LTV compliance is maintained throughout loans. Retail portfolio avoids bullet payments; clean loans are limited to salaried/pensioners. MFI exposure reduced to Rs.300 crore.
4. Question: What caused slippages in Q3, and what is the status of restructured loans?
Answer: Slippages (Rs.2,300 crore) were led by agriculture (Rs.800 crore), MSME (Rs.1,000 crore), and retail (Rs.500 crore). No corporate slippages. Standard restructured loans total Rs.8,600 crore, with Rs.4,500 crore already slipping to NPA.
5. Question: How will RBI's LCR guidelines impact liquidity, and what mitigation steps are taken?
Answer: LCR may drop from 123% to ~110% under new rules. The bank raised Rs.8,800 crore via long-term deposits (2"“5 years at 7.3"“7.4%) to stabilize LCR. Excess SLR remains a cushion for liquidity management.
6. Question: What is the strategy for subsidiary monetization (Canara Robeco, Canara HSBC, Can Fin Homes)?
Answer: Canara Robeco and Canara HSBC IPOs are planned for FY26. Can Fin Homes' stake sale awaits higher valuations (targeting Rs.1,000/share). RBI allows time to address subsidiary overlaps.
7. Question: How does the bank manage expenses and CD ratio amid deposit constraints?
Answer: Expenses grow 6"“7% annually, aligned with branch expansion and IT investments. CD ratio (~76.5%) is capped at 78%; deposits are prioritized via retail term products. Liquidity tools (e.g., RBI's SLR window) support credit growth.
8. Question: What is the outlook for recoveries and technical write-offs?
Answer: Recoveries (Rs.3,100 crore in Q3) exceed slippages. NARCL resolutions may yield Rs.500"“600 crore (15% cash). Technical write-offs (Rs.68,000 crore) target Rs.2,000 crore/quarter recoveries.
9. Question: Are SMA-2 accounts (steel, state government) resolved?
Answer: Both SMA-2 accounts (Telangana government, Andhra steel PSU) regularized, exiting SMA categories.
10. Question: Why is "other interest income" declining, and will it stabilize?
Answer: Reduced overnight lending (deployed for credit growth) caused the dip. Further declines are unlikely as balances stabilize.
Valuation | |
|---|---|
| Market Cap | 89.3 kCr |
| Price/Earnings (Trailing) | 5.19 |
| Price/Sales (Trailing) | 0.6 |
| EV/EBITDA | 0.88 |
| Price/Free Cashflow | 5.93 |
| MarketCap/EBT | 4.17 |
Fundamentals | |
|---|---|
| Revenue (TTM) | 1.5 LCr |
| Rev. Growth (Yr) | 5.05% |
| Rev. Growth (Qtr) | -1.52% |
| Earnings (TTM) | 17.2 kCr |
| Earnings Growth (Yr) | 11.31% |
| Earnings Growth (Qtr) | 1.48% |
Profitability | |
|---|---|
| Operating Margin | 20.58% |
| EBT Margin | 14.29% |
| Return on Equity | 1.06% |
| Return on Assets | 0.01% |
| Free Cashflow Yield | 16.87% |
Understand Canara Bank ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| PRESIDENT OF INDIA | 62.93% |
| LIFE INSURANCE CORPORATION OF INDIA | 5.72% |
| REKHA JHUNJHUNWALA | 1.46% |
| Trusts | 0.02% |
| Other | 0.01% |
| Others | 0% |
| Clearing Members | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Analysis of Canara Bank's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2024
| Description | Share | Value |
|---|---|---|
| Retail Banking operations | 42.9% | 16 kCr |
| Wholesale banking Operations | 34.1% | 12.8 kCr |
| Treasury operations | 19.3% | 7.2 kCr |
| Life Insurance Operations | 3.7% | 1.4 kCr |
| Total | 37.4 kCr |
Investor Care | |
|---|---|
| Dividend Yield | 3.24% |
| Dividend/Share (TTM) | 3.22 |
| Shares Dilution (1Y) | 0.00% |
| Diluted EPS (TTM) | 18.11 |
Financial Health | |
|---|---|
| Debt/Equity | 0.00 |
| Debt/Cashflow | 0.00 |
Detailed comparison of Canara Bank against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| SBIN | State Bank Of IndiaPublic Sector Bank | 7.29 LCr | 6.49 LCr | +4.54% | -1.73% | 9.03 | 1.12 | +14.51% | +24.82% |
| BANKBARODA | Bank Of BarodaPublic Sector Bank | 1.31 LCr | 1.51 LCr | +12.00% | -8.14% | 6.48 | 0.87 | +10.17% | +9.00% |
| PNB | Punjab National BankPublic Sector Bank | 1.17 LCr | 1.36 LCr | +6.92% | -26.94% | 7.39 | 0.86 | +15.81% | +128.11% |
| UNIONBANK | Union Bank of IndiaPublic Sector Bank | 98.13 kCr | 1.27 LCr | +3.93% | -16.71% | 6.05 | 0.77 | +11.51% | +22.97% |
| INDIANB | Indian BankPublic Sector Bank | 78.97 kCr | 70.32 kCr | +4.87% | +8.00% | 7.67 | 1.12 | +14.19% | +40.42% |
| BANKINDIA | Bank of IndiaPublic Sector Bank | 53.89 kCr | 76.56 kCr | +9.37% | -23.32% | 6.58 | 0.7 | +16.10% | +30.56% |
Updated Mar 28, 2025
Canara Bank's share price has risen by 2.79% to Rs 89.66, indicating a recent uptick in investor interest.
The Nifty index has broken a falling trendline, suggesting positive market sentiment.
Canara Bank has shown a slight increase of 4.44% over the last five days, indicating a short-term positive trend.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.