CANBK

Canara Bank Share Price Canara Bank

₹586.75
8.1 (1.4%)
02 March, 2024 14:39 BSE: 532483 NSE: CANBKISIN: INE476A01014

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Canara Bank Performance

Day Range

  • Low 580
  • High 591
₹ 586

52 Week Range

  • Low 272
  • High 599
₹ 586
  • Open Price581
  • Previous Close579
  • Volume1882834

Canara Bank Share Price

  • Over 1 Month 17%
  • Over 3 Month 43.01%
  • Over 6 Month 78.67%
  • Over 1 Year 103.17%

Canara Bank Key Statistics

P/E Ratio 7.2
PEG Ratio 0.1
Market Cap Cr 106,444
Price to Book Ratio 1.5
EPS 56.7
Dividend 2
Relative Strength Index 63.28
Money Flow Index 63.22
MACD Signal 24.83
Average True Range 19.13
Canara Bank Financials
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 28,03926,83825,00423,910
Operating Expenses Qtr Cr 6,9075,9225,8816,140
Operating Profit Qtr Cr 6,8067,6167,6047,252
Depreciation Qtr Cr 0000
Interest Qtr Cr 18,62217,93516,33815,293
Tax Qtr Cr 1,2511,4011,350983
Net Profit Qtr Cr 3,6563,6063,5353,175
IndicatorMar 2023
Total Revenue Annual Cr 103,187
Operating Expenses Annual Cr 22,481
Operating Profit Annual in Cr 27,716
Depreciation Cr 993
Interest Annual Cr 52,989
Tax Annual Cr 3,569
Net Profit Annual Cr 10,604
IndicatorMar 2023
Cash from Operating Activity Annual Cr -40,676
Cash from Investing Activity Annual Cr -390
Cash from Financing Annual Activity Cr 435
Net Cash Flow Annual Cr -40,631
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 73,607
Fixed Assets Annual Cr 10,231
Total Non Current Assets Annual Cr 0
Total Current Assets Annual Cr 1,016,463
Total Assets Annual Cr 1,345,732
IndicatorMar 2023
Book Value Per Share Annual Rs 406
ROE Annual % 16
ROCE Annual % 6
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 0
IndicatorDec 2023Sep 2023Jun 2023Mar 2023
Oper Rev Qtr Cr 28,49227,29025,45124,304
Operating Expenses Qtr Cr 10,1028,2508,2709,156
Operating Profit Qtr Cr 6,9087,7077,6537,326
Depreciation Qtr Cr 0000
Interest Qtr Cr 18,62017,93416,33715,292
Tax Qtr Cr 1,2701,4211,359996
Net Profit Qtr Cr 3,7903,8603,7393,337
IndicatorMar 2023
Total Revenue Annual Cr 111,210
Operating Expenses Annual Cr 30,245
Operating Profit Annual in Cr 27,974
Depreciation Cr 1,021
Interest Annual Cr 52,990
Tax Annual Cr 3,619
Net Profit Annual Cr 11,255
IndicatorMar 2023
Cash from Operating Activity Annual Cr -39,978
Cash from Investing Activity Annual Cr -1,238
Cash from Financing Annual Activity Cr 445
Net Cash Flow Annual Cr -40,770
IndicatorMar 2023
Total ShareHolders Funds Annual Cr 78,054
Fixed Assets Annual Cr 10,334
Total Non Current Assets Annual Cr 0
Total Current Assets Annual Cr 1,017,803
Total Assets Annual Cr 1,381,030
IndicatorMar 2023
Book Value Per Share Annual Rs 430
ROE Annual % 16
ROCE Annual % 6
Total Debt to Total Equity Annual -
EBDIT Annual Margin % 0

Canara Bank Technicals

EMA & SMA

Current Price
₹586.75
8.1 (1.4%)
pointer
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹555.03
  • 50 Day
  • ₹512.36
  • 100 Day
  • ₹465.83
  • 200 Day
  • ₹412.22
  • 20 Day
  • ₹564.10
  • 50 Day
  • ₹500.58
  • 100 Day
  • ₹449.90
  • 200 Day
  • ₹390.15

Canara Bank Resistance and Support

PIVOT
₹575.35
Resistance
First Resistance 582.70
Second Resistance 586.75
Third Resistance 594.10
RSI 63.28
MFI 63.22
MACD Single Line 24.83
MACD 20.73
Support
First Resistance 571.30
Second Resistance 563.95
Third Resistance 559.90

Canara Bank Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 7,819,705 301,762,416 38.59
Week 10,147,178 382,041,244 37.65
1 Month 11,835,555 368,559,167 31.14
6 Month 9,338,170 311,988,247 33.41

Canara Bank Result Highlights

Canara Bank Synopsis

NSE-Banks-Money Center

Canara Bank is a Public Limited Listed company incorporated on 01/07/1906 and registered in the State of Maharashtra, India. Company presently involved in the business activities of Banking Business.
Market Cap 104,975
Sales 122,314
Shares in Float 67.12
No of funds 412
Yield 2.07
Book Value 1.59
U/D Vol ratio 1.7
LTDebt / Equity 79
Alpha 0.08
Beta 1.58

Canara Bank

Owner NameDec-23Sep-23Jun-23Mar-23
Promoters 62.93%62.93%62.93%62.93%
Mutual Funds 5.21%4.83%4.62%4.53%
Insurance Companies 7.62%8.79%10.24%10.59%
Foreign Portfolio Investors 11.21%10.19%8.91%8.95%
Financial Institutions/ Banks 0.27%0.27%0.28%
Individual Investors 10.17%10.45%10.65%10.33%
Others 2.59%2.81%2.38%2.39%

Canara Bank Management

Name Designation
Mr. Vijay Srirangan Non Executive Chairman
Mr. K Satyanarayana Raju Managing Director & CEO
Mr. Brij Mohan Sharma Executive Director
Mr. Debashish Mukherjee Executive Director
Mr. Ashok Chandra Executive Director
Mr. Hardeep Singh Ahluwalia Executive Director
Ms. Nalini Padmanabhan Part Time Non Official Director
Mr. Dibakar Prasad Harichandan Part Time Non Official Director
Mr. Bimal Prasad Sharma Shareholder Director
Mr. Karunakara Shetty Shareholder Director
Ms. Abha Singh Yaduvanshi Shareholder Director
Mr. Suchindra Misra Government Nominee Director
Mr. R Kesavan Nominee Director

Canara Bank Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Canara Bank Corporate Action

Date Purpose Remarks
2024-02-26 Stock Split
2024-01-24 Quarterly Results
2023-10-26 Quarterly Results
2023-07-24 Quarterly Results
2023-06-28 Others Inter alia, to consider and approve the Capital Raising Plan of the Bank for the financial year 2023-24. alia, for raising of capital of up to Rs. 2000 crore by way of qualified institutions placement at their meeting held on September 25, 2020 and approval of Shareholders of the Bank.
Date Purpose Remarks
2023-06-14 FINAL Rs.12.00 per share(120%)Dividend
2022-06-16 FINAL Rs.6.50 per share(65%)Dividend

About Canara Bank

Canara Bank holds a prominent position among India's commercial banks. It was founded in 1906 in Mangalore, Karnataka, by the esteemed Mr Ammembal Subba Rao Pai. Formerly known as Canara Bank Hindu Permanent Fund, the bank adopted Canara Bank Limited.

The founder envisioned the bank as a financial institution and a force for positive social change. His vision included endeavours to dispel ignorance and superstitions, foster a savings culture, and extend assistance to those in need while promoting a sense of humanity.

Alongside its all-inclusive banking services, Canara Bank has achieved several significant milestones. It notably launched India's first Inter-City ATM network, received the ISO Certification for one of the branches - a pioneering achievement in the banking sector, and introduced credit cards for farmers while offering the Agricultural Consultancy Services, a first-of-its-kind initiative in the country.

The bank caters to diverse customers, providing various value-added banking services. These services encompass Personal Banking, Corporate Banking, NRI Banking, and ME Credit & Priority S Services, reflecting Canara Bank's commitment to meeting the needs of different segments of society.

The History of Canara Bank

A philanthropist named Ammembal Subba Rao Pai founded Canara Hindu Permanent Fund on 1st July 1906 in Mangalore, India.

In 1961, Canara Bank made its first acquisition by taking over the Bank of Kerala, which was established in 1944 and had three branches during the time of acquisition on 20th May 1961. The 2nd bank acquired by Canara Bank was the Seasia Midland Bank, founded on 26th July 1930, with seven branches during the takeover.

The RBI directed Canara Bank to acquiring G. Raghumathmul Bank in 1958 in Hyderabad. The bank, established in the year 1870 and converted into a limited company, had five branches at the time of acquisition, which came into action in 1961. Additionally, in the same year, Canara Bank attained the Trivandrum Permanent Bank, established in 1899, and had 14 branches during the merger.

Four banks were acquired by Canara Bank in 1963: 

● Sree Poornathrayeesa Vilasam Bank

● Thrippunithura; Arnad Bank, Tiruchirapalli

● Pandyan Bank, Madurai

● Cochin Commercial Bank, Cochin

Sree Poornathrayeesa Vilasam Bank, founded on 21st February 1923, had 14 branches during its acquisition. Arnad Bank, established on 23rd December 1942, had one branch only during the acquisition. Cochin Commercial Bank, founded on 3rd January 1936, had thirteen branches during the acquisition.

Canara Bank- Some Important Facts

● In 1906, Canara Bank was founded in Mangalore, Karnataka, India, and stands as one of the oldest public sector banks in the country.
● In 1969, the Government of India nationalised Canara Bank, transforming it into a public sector bank and bringing it under government ownership and supervision.
● With a vast branch network both in India and overseas, Canara Bank operates numerous branches and representative offices in various countries, catering to NRI customers and facilitating international transactions.
● Canara Bank has several subsidiaries, including Canara Robeco Asset Management Company, Canbank Factors Ltd., Canbank Computer Services Ltd., and Canara Bank Securities Ltd.


Canara Bank- Awards Received

● Canara Bank emerged as the winner in the Best Technology Talent category and received special recognition in Best Digital Engagement, Best Technology Bank, and Best Financial Inclusion categories at the 18th IBA Technology Expo, Conference, and Awards in December 2022.
● The prestigious "Banker's Bank of the Year Award 2022" was bestowed upon Canara Bank at the Global Banking Summit for the India segment in London.
● As of 31st March 2022 (FY 2021-22), Canara Bank secured the top rank for Digital Payment performance, according to the balanced scorecard released by the Ministry of Electronics & Information Technology (MeitY) in October 2022.
● Canara Bank received the APY annual award for the year 2021-22 from PFRDA.
● For the Financial Year 2020-21, Canara Bank achieved the 2nd position for the implementation of the Prime Minister Employment Generation Programme (PMEGP), as recognized by KVIC, Ministry of MSME.
● Canara Bank was honoured with the Runner-up award in the "Best Payment Initiatives" category at IBA's 17th Annual Banking Technology Conference and Awards 2020-21, themed "Next Gen Banking."


Canara Bank offers a wide array of banking and financial services to its customers, encompassing retail and corporate banking, investment banking, and treasury operations. The bank's dedication to delivering exceptional services has earned it numerous awards and accolades throughout its journey. However, like any financial institution, it is crucial to verify the most current information from official sources to stay informed about Canara Bank's latest operations and performance.

Canara Bank FAQs

What is Share Price of Canara Bank ?

Canara Bank share price is ₹586 As on 02 March, 2024 | 14:25

What is the Market Cap of Canara Bank ?

The Market Cap of Canara Bank is ₹106444.1 Cr As on 02 March, 2024 | 14:25

What is the P/E ratio of Canara Bank ?

The P/E ratio of Canara Bank is 7.2 As on 02 March, 2024 | 14:25

What is the PB ratio of Canara Bank ?

The PB ratio of Canara Bank is 1.5 As on 02 March, 2024 | 14:25

Q2FY23