Canara Bank Share Price (CANBK)

Mixed News for Canara Bank Stock - 16 Apr, 2024

Canara Bank's stock witnessed mixed news this week - Fitch affirmed its ratings while Rekha Jhunjhunwala reduced her stake. The bank's market cap also dropped by Rs 35 billion last week.

Canara Bank Plans to Launch New Digital Services and Improve Customer Experience - 13 Apr, 2024

Canara Bank, a major player in the Indian banking sector with a focus on retail, agriculture, and MSME segments, has seen growth in net interest income and net profit. The bank plans to launch new digital services and improve customer experience.

Canara Bank Witnesses Improvement in Operating Profit - 12 Apr, 2024

Canara Bank has witnessed continued improvement in operating profit due to higher net interest income and lower credit costs. The bank is expected to have healthy asset quality going forward, with management confident of maintaining NIMs at around 3% and credit growth of 12%. Rekha Jhunjhunwala and LIC have trimmed their stake in the bank.

Canara Bank Boasts Impressive Returns Despite Reduction in Stake by Rekha Jhunjhunwala - 11 Apr, 2024

Rekha Jhunjhunwala has reduced her stake in Canara Bank, but the bank still boasts impressive returns of 115% over the past year and a YTD return of 38%.

Canara Bank Selected as Top Pick by Analyst Amid Stake Trim - 10 Apr, 2024

Senior VP at Geojit Financial, Gaurang Shah, selects Canara Bank as a top pick with the potential to reach an upside target of Rs 700. Meanwhile, Rekha Jhunjhunwala trimmed her stake in the bank during Q4, despite strong returns over the past year.

Canara Bank Stock Rallies on Multi-Year High and Global Fund Allocations - 09 Apr, 2024

Canara Bank's stock has rallied over 30% in the last three months and hit a multi-year high after a range breakout. Global funds have increased their allocations to Canara Bank, along with other major Indian stocks.

Canara Bank Stock Up for Fifth Straight Session - 04 Apr, 2024

Canara Bank stock rose for the fifth consecutive session, up 0.16% to Rs 607.9 on NSE. The bank has added around 0.9% in the last month with a PE of 7.54 based on TTM earnings ending December 23.

Canara Bank Launches New Products Including Healthcare Loan - 03 Apr, 2024

State-owned Canara Bank has launched a new healthcare-focused loan product called Canara Heal aimed at meeting the shortfall of hospitalisation expenditure. The bank also introduced a customised savings account for women called Canara Angel with unique features such as cancer care policy, pre-approved personal loan Canara ReadyCash and online loan against term deposit product Canara MyMoney. Additionally, Canara HSBC Life Insurance launched a 360° marketing campaign promoting long-term financial planning.

Canara Bank Shares Double Investor Wealth in a Year - 02 Apr, 2024

Canara Bank's stock has risen by 107.75% in one year, delivering multibagger returns to investors. Brokerages BoFA Securities and Motilal Oswal have buy calls on the stock with price targets of Rs 600 and Rs 650 respectively.

Canara Bank Plans Stake Dilution Through IPO - 01 Apr, 2024

Canara Bank has approved the process of offloading a 13% stake in Canara Robeco Asset Management Company through an IPO, pending approvals from RBI and DFS. The stock price increased by 4.56% over the last two days.

Canara Bank Stock Rallies and Forms Bullish Pattern - 30 Mar, 2024

Canara Bank's stock rallied by 3% to reach Rs 581 after recent consolidation and formed a bullish candlestick pattern on the daily charts with above-average volumes. An analyst from Kotak Securities recommends investors retain an optimistic stance and look for a target of Rs 620.

Canara Bank to Dilute Stake in Subsidiary Via IPO - 29 Mar, 2024

Canara Bank has approved the process of diluting a part of its stake by listing its subsidiary, Canara Robeco Asset Management Company Ltd (CRAMC), on the stock exchange through an initial public offering (IPO). The bank will dilute 13% of its stake by listing CRAMC on the stock exchange via IPO.

Canara Bank to Sell 13% Stake in Canara Robeco Asset Management Company - 28 Mar, 2024

Canara Bank has received board approval to sell a 13% stake in Canara Robeco Asset Management Company through an IPO, subject to regulatory approvals from the RBI and Department of Financial Services.

Canara Bank Reports Increase in Net Profits for FY23 - 22 Mar, 2024

Canara Bank and Bank of Baroda report an increase in net profits for FY23. Meanwhile, Canara Bank's stock is up 1.61% on the day.

Indian Life Insurance Industry Shifts Focus to Tailored Financial Protection for Next Generation - 20 Mar, 2024

The Indian life insurance industry is undergoing a transformative shift, with a focus on providing tailored financial protection for the younger generation. This paradigm shift is essential to ensure that millennials and Gen Z are equipped with robust financial security, paving the way for a prosperous future. Akshay Dhand, Appointed Actuary of Canara HSBC Life Insurance, provides insights into the changing needs of young individuals in the insurance industry.

Canara Bank Expects Sustained Growth in Gold Loan Segment - 18 Mar, 2024

Canara Bank is optimistic about maintaining a high double-digit loan growth in the gold loan segment, with its portfolio increasing by 20% YoY to reach Rs 1.45 trillion as of December 31, 2023.