CANBK

Canara Bank is currently one of the stronger PSU banking plays, combining improving asset quality, healthy profitability, and attractive valuation. Fundamental Snapshot Parameter Current Position P/E 6.5x ROE 16% Dividend Yield 3.2% Book Value ₹130/share GNPA 1.84% NNPA 0.43% Capital Adequacy 17.04% The valuation remains significantly below private-sector peers despite strong profitability and a sharp improvement in asset quality. Financial Performance For FY26: Standalone Net Profit: ₹19,187 crore Total Income: ₹1.53 lakh crore Dividend Recommended: ₹4.20/share GNPA improved from 2.94% to 1.84% NNPA improved from 0.70% to 0.43% The biggest positive is the continuing reduction in NPAs. Five years ago, PSU banks were struggling with stressed assets; today Canara Bank's NNPA is below 0.5%, approaching private-bank standards.