Canara Bank Limited is a banking company having a market capitalization of Rs. 25,878 crores as of 18th August 2021. The company was incorporated on 1st July 1906. It reported a consolidated Net Interest Income (NII) of Rs. 17,055.36 crores for the quarter ended June 2021. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 532483 and scrip code CANBK. As of 18th August 2021, the shares of Canara Bank were trading at Rs. 157.15.
Canara Bank’s segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations, and Other Banking Operations. It is one of India’s three largest nationalized banks under the ownership of the Ministry of Finance, Government of India. The bank is headquartered in Bengaluru and has offices in London, Dubai, Hong Kong, and New York. The board approved the merger of Canara Bank with Syndicate Bank of directors on 13th September 2019, and it received the Cabinet approval on 4th March 2020. The merger was completed on 1st April 2020, and as a result, shareholders of Syndicate Bank received 158 equity shares in Canara Bank for every 1,000 shares they hold. The promoters within the company hold 69.33% in June 2021, a decrease from 78.55% in the year-ago period. The company has zero pledge.
In June 2021, the public sector lender reported its numbers, and net profit was up almost three times at Rs. 1,777.47 crores compared to Rs. 406.24 crores in the corresponding quarter in the financial year 2020-21. And also, the total income for the June 2021 quarter was Rs. 21,210.06 crores, a slight increase from Rs. 20,685.91 crores in June 2020 quarter. The bank is also planning to raise Rs. 9,000 crores through a debt-equity combination to finance its capital base to fund growth in the financial year 2021-22. Its Gross Non-Performing Assets fell 8.50% at the end of June 2021 from 8.40% at the end of June 2020. EPS of the bank was Rs. 7.50 for the quarter of June 2021 as against Rs. 7.26 in March 2021.
The 52-week low for Canara Bank share price was Rs. 268.80 and 52 week high was Rs. 454.70. Over the past 6 months, the Canara Bank share price has increased by 47.62% and in the last one year, it has increased by 32.56%. Canara Bank share price as on 03 January 2023 is Rs.445.60.
Canara Bank share price as on 09 Sep 2024 is Rs. 104.02. Over the past 6 months, the Canara Bank share price has decreased by 13.32% and in the last one year, it has increased by 55.63%. The 52-week low for Canara Bank share price was Rs. 68.06 and 52-week high was Rs. 128.9.
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