Canara Bank
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Retail Banking Operations: 45.0% • Wholesale Banking Operations: 33.0% • Treasury Operations: 22.0%
AI Sector View
AI GENERATEDFinancial Services
Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.
PROS
- Company has delivered good profit growth of 49.6% CAGR over last 5 years
- Comfortable capital adequacy - CAR of 17.0%
- Asset quality is healthy - gross NPA of just 1.8%
- Strong provisioning - provision coverage ratio of 94.8%
- Healthy loan book growth of 16.3% with stable asset quality
CONS
- A large part of profit comes from other income (107.8% of PBT)
- Operating margins have contracted to 26.1% from 32.8%
- Thin net interest margin of 2.0%
- Growth is decelerating - 3Y profit CAGR (21.9%) trails the 5Y trend (49.6%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SBIN | 1001.60 | 10.72 | 924538.66 | 1.73 | 24579.04 | 13.65 | 136240.49 | 8.36 | 12.16 | 52.34 |
| UNIONBANK | 183.40 | 6.78 | 140000.33 | 2.73 | 5368.17 | 29.77 | 27427.10 | 1.21 | 14.57 | 69.42 |
| PNB | 115.60 | 6.02 | 132858.42 | 2.60 | 5339.15 | 191.40 | 33589.17 | 3.12 | 13.26 | 75.40 |
| BANKBARODA | 234.90 | 6.69 | 121475.30 | 3.62 | 1572.59 | -53.08 | 35114.52 | 6.84 | 11.20 | 33.10 |
| INDIANB | 855.00 | 9.01 | 115165.42 | 2.13 | 3299.48 | 48.73 | 18095.14 | 11.11 | 16.28 | 67.14 |
| CANBK | 124.20 | 5.67 | 112657.49 | 3.38 | 4864.08 | 61.96 | 32957.16 | 4.55 | 14.46 | 68.47 |
| MAHABANK | 84.45 | 8.62 | 64955.18 | 2.61 | 2020.54 | 26.83 | 8034.65 | 13.90 | 16.53 | 68.61 |
| BANKINDIA | 140.70 | 5.44 | 64056.04 | 3.30 | 3138.46 | 77.92 | 20096.90 | 8.83 | 10.97 | 73.18 |
| IOB | 33.01 | 10.67 | 63566.00 | 0.00 | 1659.24 | 49.25 | 8777.57 | 18.82 | 11.31 | 54.56 |
| UCOBANK | 23.99 | 12.19 | 30082.40 | 1.83 | 652.43 | 24.09 | 6744.59 | 15.10 | 11.00 | 54.71 |
| CENTRALBK | 30.58 | 6.06 | 27679.19 | 3.92 | 1328.95 | 5.43 | 9725.90 | 12.79 | 8.27 | 67.83 |
| PSB | 22.67 | 11.62 | 16085.69 | 1.72 | 331.51 | 23.16 | 3213.37 | 10.40 | 9.07 | 71.38 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25,004 | 26,838 | 28,039 | 28,807 | 28,701 | 29,740 | 30,312 | 31,002 | 31,003 | 31,544 | 31,982 | 31,838 | 32,957 | |
| Interest Expended | 16,338 | 17,935 | 18,622 | 19,227 | 19,535 | 20,425 | 21,163 | 21,560 | 21,994 | 22,403 | 22,729 | 22,030 | 22,742 |
| Net Interest Income | 8,666 | 8,903 | 9,417 | 9,580 | 9,166 | 9,315 | 9,149 | 9,442 | 9,009 | 9,141 | 9,252 | 9,808 | 10,215 |
| 4,819 | 4,634 | 4,295 | 5,218 | 5,319 | 4,981 | 5,802 | 6,351 | 7,060 | 7,054 | 7,899 | 4,824 | 6,727 | |
| Total Income | 0 | 0 | 0 | 0 | 36,966 | 38,006 | 37,430 | 40,256 | 41,442 | 42,014 | 33,089 | 36,539 | 39,684 |
| Operating Expenses | 5,881 | 5,922 | 6,907 | 7,411 | 6,869 | 6,642 | 7,114 | 7,509 | 7,516 | 7,607 | 8,032 | 7,875 | 8,307 |
| Operating Profit | 7,604 | 7,616 | 6,806 | 7,387 | 7,616 | 7,654 | 7,837 | 8,284 | 8,554 | 8,588 | 9,119 | 6,757 | 8,636 |
| Provisions & Contingencies | 2,719 | 2,608 | 1,899 | 2,482 | 2,282 | 2,251 | 2,398 | 1,832 | 2,352 | 2,354 | 2,414 | 992 | 2,080 |
| Profit before Tax | 4,885 | 5,008 | 4,907 | 4,906 | 5,334 | 5,403 | 5,438 | 6,452 | 6,202 | 6,234 | 6,705 | 5,766 | 6,556 |
| Tax % | 27.64% | 27.99% | 25.49% | 23.41% | 26.78% | 25.69% | 24.53% | 22.46% | 23.38% | 23.42% | 23.12% | 21.85% | 25.93% |
| Net Profit | 3,535 | 3,606 | 3,656 | 3,757 | 3,905 | 4,015 | 4,104 | 5,003 | 4,752 | 4,774 | 5,155 | 4,506 | 4,856 |
| EPS | 19 | 20 | 20 | 21 | 4 | 4 | 5 | 6 | 5 | 5 | 6 | 5 | 1 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,08,688 | 1,19,755 | 1,26,366 | — | |
| Interest Expended | 31,516 | 29,089 | 32,332 | 35,811 | 45,178 | 43,026 | 52,989 | 72,122 | 82,683 | 89,156 | 89,904 |
| Net Interest Income | -31,516 | -29,089 | -32,332 | -35,811 | -45,178 | -43,026 | -52,989 | 36,566 | 37,072 | 37,210 | — |
| 7,554 | 6,943 | 6,575 | 7,813 | 14,924 | 16,497 | 18,762 | 18,966 | 22,453 | 26,838 | 26,505 | |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,27,654 | 1,42,208 | 1,53,204 | 1,51,326 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,120 | 28,134 | 31,030 | — | |
| Operating Profit | -31,516 | -29,089 | -32,332 | -35,811 | -45,178 | -43,026 | -52,989 | 29,413 | 31,390 | 33,019 | — |
| 7,265 | 16,263 | 213 | 10,830 | 14,221 | 11,043 | 12,875 | 9,708 | 8,764 | 8,112 | — | |
| Profit before Tax | 1,642 | -6,561 | -2,327 | -1,756 | 3,707 | 8,962 | 14,173 | 19,705 | 22,627 | 24,907 | 25,260 |
| Tax % | 0.00% | -0.00% | -0.00% | -0.00% | 0.00% | 0.00% | 0.00% | 26.14% | 24.75% | 22.97% | 23.63% |
| Net Profit | 1,122 | -4,222 | 347 | -2,236 | 2,558 | 5,678 | 10,604 | 14,554 | 17,027 | 19,187 | 19,290 |
| EPS | 21 | -70 | 0 | -26 | 17 | 32 | 58 | 80 | 19 | 21 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 11%
- 5 Years:
- 13%
- 3 Years:
- 14%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 50%
- 3 Years:
- 22%
STOCK PRICE CAGR
- 10 Years:
- 8%
- 5 Years:
- 32%
- 3 Years:
- 20%
- 1 Year:
- 13%
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 17%
- 3 Years:
- 20%
- Last Year:
- 19%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 597 | 733 | 753 | 1,030 | 1,647 | 1,814 | 1,814 | 1,814 | 1,814 | 1,814 |
| 33,088 | 34,872 | 35,424 | 38,263 | 57,238 | 64,297 | 71,793 | 85,140 | 98,086 | 1,11,568 | |
| 4,95,275 | 5,24,772 | 5,99,033 | 6,25,351 | 10,10,875 | 10,86,409 | 11,79,219 | 13,12,367 | 14,29,862 | 15,68,678 | |
| 39,504 | 38,809 | 40,992 | 42,762 | 49,984 | 46,285 | 58,090 | 57,592 | 1,16,686 | 1,55,288 | |
| Other Liabilities & Provisions | 15,055 | 17,701 | 18,564 | 16,469 | 33,932 | 29,299 | 34,817 | 34,627 | 38,237 | 45,853 |
| Total Liabilities | 5,83,519 | 6,16,886 | 6,94,767 | 7,23,875 | 11,53,675 | 12,28,105 | 13,45,732 | 149 | 168 | 188 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 19,922 | 22,100 | 29,919 | 22,570 | 43,112 | 51,603 | 54,988 | 71,068 | 89,999 | 54,054 | |
| Balances with Banks & Money at Call | 38,903 | 27,812 | 36,234 | 45,701 | 1,35,296 | 1,30,451 | 86,435 | 79,692 | 1,15,342 | 1,52,249 |
| 1,50,266 | 1,44,054 | 1,52,985 | 1,76,245 | 2,61,690 | 2,82,013 | 3,19,038 | 3,57,454 | 3,82,179 | 4,03,415 | |
| 3,42,009 | 3,81,703 | 4,27,727 | 4,32,175 | 6,39,049 | 7,03,602 | 8,30,673 | 9,31,613 | 10,49,155 | 12,20,017 | |
| 7,169 | 8,319 | 8,411 | 8,276 | 11,204 | 11,353 | 10,230 | 12,228 | 10,215 | 10,570 | |
| 25,251 | 32,898 | 39,491 | 38,907 | 63,321 | 49,080 | 44,367 | 39,486 | 37,796 | 42,896 | |
| Total Assets | 5,83,519 | 6,16,886 | 6,94,767 | 7,23,875 | 11,53,675 | 12,28,105 | 13,45,732 | 149 | 168 | 188 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2,316 | -11,504 | 17,886 | -5,459 | 58,533 | 268 | -40,676 | 14,254 | 59,947 | 6,786 | |
| Cash from Investing | -348 | -274 | -461 | -277 | -666 | -657 | -390 | -1,083 | -1,860 | -1,028 |
| Cash from Financing | 124 | 2,865 | -1,185 | 7,855 | 284 | 4,035 | 435 | -3,834 | -3,506 | -4,795 |
| 2,092 | -8,913 | 16,240 | 2,119 | 58,151 | 3,646 | -40,631 | 9,337 | 54,580 | 963 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 18.78 | -57.58 | 4.61 | -21.70 | 15.53 | 31.30 | 58.45 | 80.23 | 18.77 | 21.15 |
| Book Value (₹) | 474.01 | 396.59 | 394.68 | 319.93 | 307.28 | 317.54 | 364.54 | 429.13 | 103.02 | 117.92 |
| Dividend per Share (₹) | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.50 | 12.00 | 16.10 | 4.00 | 4.20 |
| PROFITABILITY | ||||||||||
| Net Interest Margin % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.54% | 2.27% | 2.03% |
| ROA % | 0.20% | -0.70% | 0.05% | -0.32% | 0.27% | 0.48% | 0.82% | 1.03% | 1.07% | 1.08% |
| ROE % | 4.12% | -14.71% | 1.18% | -7.13% | 6.12% | 10.50% | 17.14% | 20.22% | 19.88% | 19.15% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 47.04% | 47.27% | 48.45% | |
| ASSET QUALITY | ||||||||||
| Gross NPA % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.94% | 1.84% |
| Net NPA % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.70% | 0.43% |
| Provision Coverage % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 92.70% | 94.21% |
| Slippage Ratio % | — | — | — | — | — | — | — | — | — | — |
| BALANCE SHEET & LIQUIDITY | ||||||||||
| CASA % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 29.90% | 29.03% | 27.34% |
| Credit-Deposit Ratio % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.08% | 0.10% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 16.28% | 16.33% | 17.04% | |
| GROWTH & VALUATION | ||||||||||
| Net Profit Growth % | 139.89% | -476.34% | 108.22% | -744.27% | 214.40% | 122.02% | 86.74% | 37.26% | 16.99% | 12.69% |
| Book Value Growth % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 17.72% | -75.99% | 14.46% |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.45x | 4.74x | 5.84x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.35x | 0.86x | 1.05x |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.77% | 4.49% | 3.40% |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-10 - Canara Bank has informed the Exchange about strikes/lockouts/disturbances
2026-09-10 - Canara Bank has informed the Exchange about Copy of Newspaper Publication
2026-09-08 - Canara Bank has informed the Exchange about Credit Rating
2026-09-04 - Canara Bank has informed the Exchange about Credit Rating
2026-09-04 - Canara Bank has informed the Exchange regarding 'Excercising of call option'.
2026-09-03 - Canara Bank has informed the Exchange regarding 'Excercise of Call option by the Bank subject to RBI approval'.
2026-09-03 - Canara Bank has informed the Exchange regarding Outcome of Board Meeting held on September 03, 2026.
2026-09-01 - Canara Bank has informed the Exchange about Resignation of Director/KMP/SMP
2026-09-01 - Canara Bank has informed the Exchange about change in Management
News
Recent coverage and analyst commentary for CANBK
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