Mon, Apr 01, 2024
Canara Bank has accorded approval for initiating the process of diluting a 13 per cent stake in the bank by listing Canara Robeco Asset Management Company Ltd. (CRAMC) on the stock exchange by initial public offering (IPO).
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Fri, Oct 27, 2023
Canara Bank: Discussion on Q2 results, sector outlook... Profit increased from ₹ 2525 Cr to ₹ 3606 Cr... How will the asset quality be in the future? What are your future plans regarding growth? Conversation with Canara Bank ED Bhavendra Kumar
Canara Bank shares are soaring after the bank posted stellar Q2 results. Net profit grew 42.8% YoY, NII increased 19.8% YoY, and asset quality improved. In this video, we will take a closer look at Canara Bank's Q2 results and what they mean for the stock.
The brokerage iterates that the bank has reported an in-line performance driven by lower provisions. “We revise our earnings estimates slightly to factor in lower provisions and expect Canara Bank to deliver FY25 RoA/RoE of 1.1%/17.6%,” added the brokerage.
Mon, May 08, 2023
Canara Bank’s net interest income (NII) grew 23% on a Y-o-Y basis to Rs 8,616.8 crore while the lender's operating profit stood at Rs 7,252 crore during the March quarter.
Wed, Jan 04, 2017
The revised MCLR will be effective from Saturday, January 7, 2017, the bank said.
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