Canara Bank Ltd a ₹1,500 crore AT1 bond redemption.

CANBK Canara Bank reported Q2 FY27 standalone net profit of ₹5,175 crore, up 8% year-on-year, on total income of ₹40,931 crore, with net interest income up 20% to ₹11,005 crore and operating profit up 10.3% to ₹7,616 crore; gross NPAs fell to 2.35%, and ROA improved to 1.12%. Despite the strong results, shares fell about 7% on November 3, with the stock closing at ₹311.20 on November 6; Motilal Oswal’s Chandan Taparia issued a Sell call with a ₹298 target and ₹318 stop-loss for intraday trading. On the deposit side, Canara Bank revised FD rates effective November 2, raising select tenures by up to 15 basis points, with the 555-day special FD offering 6.75% for general customers and 7.25% for senior citizens, and the 444-day FD at 6.65%/7.15% respectively. The bank also exercised its call option on a Basel III AT1 bond on October 30, redeeming ₹1,500 crore principal plus accrued interest, and accepted a ₹522 crore one-time settlement from Supreme Housing and Hospitality along with other lenders. In a leadership update, a three-day Senior Leadership Development Programme for Scale V and VI executives concluded at IIM Jammu on November 4.