Sign in to fuzzto save your conversations, follow your research and come back anytime.
Canara Bank
SectorBanks
Canara Bank is a state-owned commercial bank headquartered in Bangalore, India. Founded in 1906, it was nationalized in 1969. The bank provides a range of personal and corporate banking services, including deposits, loans, credit cards, and digital banking. It has a significant domestic presence with over 9,600 branches and 12,000 ATMs across India. Internationally, Canara Bank operates branches in countries such as the UK, Hong Kong, and UAE. The bank has several subsidiaries and joint ventures in insurance, asset management, and other financial services. Canara Bank is actively involved in government-sponsored schemes and has received awards for its performance in various banking sectors. In recent years, the bank has focused on digital innovation, including the launch of a Data and Analytics Center in 2024. As of 2024, Canara Bank's global business exceeded Rs 22 lakh crore, with the Government of India holding a majority stake in the bank.
In the news
Canara Bank Q2 FY27: When Profit Growth Comes From Cleaning Up, Not Just Growing Up
Canara Bank Q2 profit rises 8.4% to ₹5,175 cr; shares crash 6.5%
Private Banks Face Margin Pressure Despite 19.4% Credit Growth
CBI court orders proclamation against Jatin Mehta in ₹146.35 cr fraud
Canara Bank Q2 results: 8% profit jump to ₹5,175 cr, shares surge 5%
HDFC Bank Recovers After Rate Hike Impact; YTD Loss Exceeds 29%
Canara Bank Q2 Global Business Hits ₹30.71 Lakh Crore Amid Strong Credit Growth
Cochin Shipyard stock drops 8% on lower EBITDA margin; experts hold
HDFC Securities suggests bear, bull spreads on Bank Nifty, Canara Bank
Bank Strike September 28-30: PSBs Open Sunday, Govt Advances Salaries
Car loan rates start at 7.35%: Top offers and EMI comparisons
Canara Bank, BOI, IDFC FIRST offer up to 7% savings rates
Canara Bank Raises ₹8,500 Cr Through AT-1 Bonds, Tier 2 Bonds
CBI charges Subhash Chandra with ₹1,322 cr LIC Housing Finance fraud
Canara Bank raises $500M via dollar bonds, Bank of Maharashtra debuts
Canara Bank cuts free ATM limit to 5, raises withdrawal fee to ₹23
Canara Bank recovers ₹510 cr from Rajesh Exports after DRT order
Bank must pay ₹88,362 for stolen gold loan pledge: Supreme Court
ZEEL Shares Drop 9.60% as Chandra Defends Debt Settlement Plan
HDFC Bank, Union Bank challenge NCLT ruling on Zee debt
The Quarter story
The two most recent quarterly results, compared side-by-side.
Canara Bank drives steady credit expansion with consistently improving asset quality and strong capital adequacy.
Retail advances grew from ₹2,35,418 Cr to ₹3,19,893 Cr from Q1 FY26 to Q1 FY27, highlighting strong consumer lending demand.
Cost to income ratio rose from 46.77% to 49.03% from Q1 FY26 to Q1 FY27, indicating higher operational efficiency pressure.
Consolidated GNPA ratio fell from 2.69% to 1.57% from Q1 FY26 to Q1 FY27, signaling consistently improving asset quality.
Non-interest income fluctuated from ₹7,060 Cr to ₹6,727 Cr from Q1 FY26 to Q1 FY27, showing inconsistent fee-based earnings.
Tier I capital ratio rose from 14.58% to 15.00% from Q1 FY26 to Q1 FY27, reflecting a strengthened regulatory capital base.
MSME GNPA ratio eased from 5.34% to 4.19% from Q1 FY26 to Q1 FY27, but remains the highest among lending segments.
Advances growth accelerated from 12.42% to 17.97% from Q1 FY26 to Q1 FY27, demonstrating robust credit deployment.
Return on equity declined from 21.05% to 18.31% from Q1 FY26 to Q1 FY27, reflecting moderating shareholder returns.
Book value per share increased from ₹102.33 to ₹120.48 from Q1 FY26 to Q1 FY27, indicating steady intrinsic value creation.
Operating expenses increased from ₹7,516 Cr to ₹8,306 Cr from Q1 FY26 to Q1 FY27, outpacing revenue growth in recent quarters.
Company insights, generated from the most recent coverage.
Reported a strong Q2 FY27 beat alongside PNB and Union Bank, reinforcing that Q2 FY27 asset-quality and margin improvement is a sector-wide PSU theme rather than a one-off.
Credit-cost provision guidance raised to ₹12,000–15,000 crore from ₹10,000–12,000 crore on hardening yields and possible HTM provisioning — provisioning, not margins, is what moves Canara's EPS from here.
Canara will not chase corporate deals 'at a throwaway price' because structurally low CASA leaves it without the funding cushion peers have. It concedes volume to protect spread.