Live Canara Bank Share Price Chart

O 574.5

H 574.5

L 574.5

VOL 48892

Canara Bank Performance

Days Range

Low: ₹547.65
High: ₹574.75
Previous Close ₹571.90
Open ₹574.50
Volume 1,25,61,517
Day’s Range ₹547.65 - ₹574.75
52W Range ₹269.45 - ₹598.80
Market Cap ₹1,03,786 Cr

Canara Bank Fundamentals

ROCE (TTM) 1.52
P/E Ratio (TTM) 7.08
P/B Ratio 1.27
Industry P/E 14.08
Debt to Equity NA
ROE 17.93
EPS (TTM) 80.83
Dividend Yield 2.1
Book Value 450.9
Face Value 10

Canara Bank Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Profit before tax4,228.734,932.895,098.025,008.59
Net Profit3,232.843,573.53,677.393,738.26
EPS in Rs18.3920.6120.9320.89

About Canara Bank

History of Canara Bank Limited

Canara Bank is a well-known Indian public sector bank based in Bangalore, India. The bank was founded in 1906 by Ammembal Subba Rao Pai and was nationalised in 1969. It deals in banking and financial services, from deposits to providing loans and other financial services. Outside India, Canara Bank has offices in London, Dubai and New York. The bank has gone through various phases of its growth trajectory over the last hundred years. It launched an IPO in 2002 and was listed on the NSE and BSE in India.

Over time, Canara Bank has grown its market share to become a significant financial conglomerate with up to 13 subsidiaries and associate companies and sponsored institutions in India and internationally. Through a network of 9,653 branches and 12,114 ATMs/Recyclers across all Indian states and Union Territories as of June 2023, Canara Bank provided services to over 11.04 crore people.

With effect from April 01, 2020, the Syndicate Bank was amalgamated into Canara Bank, and it issued 42,32,68,155 shares to the shareholders of Syndicate Bank.

Business Segments

  • Treasury Operations: The bank deals with government securities under this business segment. During FY 2023, the bank maintained its position as an active player in the Government securities market as a Primary Dealer. This operation helped the bank to generate ~21.29% of revenue in FY 2023.
  • Retail Banking Operation: Canara Bank serves customers through branch banking services. During FY 2023, the retail banking operations contributed ~46.81% to overall revenue.
  • Corporate/wholesale banking operations: The bank also derives business growth from corporate customers by providing loans and other financial services. It derived 31.89% of revenue from corporate/wholesale banking operations in FY 2023.

The company has various subsidiaries including:

  • Canara HSBC Life Insurance Company Limited (CHLIC): The company is a Life Insurance Joint Venture floated by the Bank in association with HSBC Insurance (Asia Pacific) Holding Limited and Punjab National Bank. Canara Bank holds a 51% stake in the company, followed by HSBC (26%) and Punjab National Bank (23%).
  • Canara Robeco Asset Management Company Limited: It is a joint venture (JV) with M/s Orix Corporation, Japan, with the Bank holding of 51% Stake.
  • Canfin Homes Limited: It is a sponsored entity of Canara Bank. The bank holds a 29.99% stake in the company.
  • Canara Bank Securities Limited (CBSL): The company is a wholly-owned subsidiary of the bank. CBSL took over the Depository Participant services from Canara Bank on April 01, 2017.

Key Personnel

  • Ammembal Subba Rao Pai, Founder

Ammembal Subba Rao Pai was a renowned attorney in Mangalore. He founded Canara High School in Mangalore and Canara Bank, one of India’s top banks. Despite being a lawyer and a banker by trade, he had a passion for education and social transformation.

  • Shri K. Satyanarayana Raju, Managing Director and CEO

Shri K. Satyanarayana Raju is a Physics graduate, post-graduate in Business Administration (Banking and Finance) and CAIIB. Shri K. Satyanarayana Raju took charge as Executive Director of Canara Bank on March 10, 2021.

Corporate Actions

  • On April 01, 2020, the bank merged with Syndicate Bank, and after the merger, Canara Bank became India’s 4th largest Public Sector Unit (PSU) bank.

Management Outlook

  • Looking forward, the bank is optimistic about a positive outlook for the industry on the back of the resilience of growth momentum in the economy, supported by the government’s focus on infrastructure development and other priority sectors.
  • Canara Bank is focused on converting these opportunities into sustainable business growth and a further improvement in profitability while supporting government initiatives in nation-building.

SWOT Analysis

Strengths

  • Launch of innovative products such as solar loans in collaboration with UNEP.
  • Robust financial performance in the past.

Weaknesses:

  • Limited business growth due to poor marketing
  • Smaller customer base.

Opportunities

  • Evolving digitalisation.
  • Growing banking demand in rural areas.

Threats

  • Intense competition from other private sector banks.
  • Changes in policies from the RBI.
Parent Organisation GoI - PSB
Founded 1906
Managing Director Vijay Srirangan
NSE Symbol CANBK

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Bank of Baroda ₹139,756.06

261.75

8.60 (-3.18%)

260.65 - 271.45
HDFC Bank Ltd ₹1,079,020.65

1409.4

10.75 (-0.76%)

1404 - 1424.2
IndusInd Bank Ltd ₹116,176.90

1449.2

43.85 (-2.94%)

1442.5 - 1503.45
Union Bank of India ₹108,036.43

140.85

5.25 (-3.59%)

138.85 - 143.65
Indian Overseas Bank ₹122,090.68

63.2

1.30 (-2.02%)

62.05 - 65.6

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Canara Bank FAQs

What is the Share price of Canara Bank (CANBK)?

Canara Bank (CANBK) share price as of February 28, 2024, on NSE is Rs 550.45 (NSE) and Rs 550.35 (BSE) on BSE.

Can I buy Canara Bank (CANBK) shares?

Yes, You can buy Canara Bank (CANBK) shares by opening a Demat account with Angel One.

How do I buy Canara Bank (CANBK) from Angel One?

Canara Bank (CANBK) share can be brought through the following modes:
  1. Direct investment: You can buy Canara Bank (CANBK) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Canara Bank (CANBK) shares.

What is the total Asset of Canara Bank?

The total asset of Canara Bank is Rs. 1,257,664 crores.

What is the main business of Canara Bank?

The main business of Canara Bank is to provide a range of banking and financial services. It operates in four segments, including treasury operations, retail banking operations, wholesale banking operations, and other banking operations.

Who are the promoters of Canara Bank?

The main promoter of Canara Bank is the President of India with a 62.93% shareholding.

How many branches does Canara Bank have?

Canara Bank has 9,732 domestic branches and 3 international branches in New York, London, and Dubai as on 30th June 2022.