Canara Bank Share Price

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.

INDIA'S CREDIT BOOM IS RAISING A BIG RED FLAG! READ BELOW

India's economy is expanding, banks are lending aggressively, and borrowing remains an important driver of economic activity. But a growing gap between two important numbers has caught the attention of economists: Bank credit growth: 19.1% Nominal GDP growth: Approximately 10–11% 1. WHAT EXACTLY IS THE CONCERN? According to the latest RBI data cited by ISB finance professor Prasanna Tantri, bank credit is growing at 19.1%, while nominal economic growth is approximately 10–11%. WHICH STOCKS AND SECTORS COULD BE AFFECTED? If the RBI responds to persistent inflation pressure with tighter monetary conditions or measures to moderate lending, the impact could spread across several sectors. HDFCBANK ICICIBANK AXISBANK SBIN CANBK -->If home-loan rates increase, affordability may weaken and some prospective buyers could postpone purchases. Stocks to track: DLF Godrej Properties Prestige Estates Lodha Developers ---> LAST NOTE 19% credit growth versus 10–11% nominal GDP growth: a gap that policymakers and investors cannot afford to ignore. Investogainer Research

anara Bank Reports 8.4% Growth in Q2 Profi

CANBK Canara Bank reported an 8.4% year-on-year increase in net profit to ₹5,175 crore for the second quarter of FY27, compared with ₹4,774 crore in the corresponding quarter last year. Net interest income (NII) rose 20.4% to approximately ₹11,005 crore, supported by growth in core banking income. The results highlight the bank’s continued improvement in lending operations and profitability. The bank’s global business increased 15.88% year-on-year to approximately ₹30.72 lakh crore as of September 30, 2026. Global advances grew 19.46%, while global deposits increased 13.13%. Asset quality also improved, with the gross non-performing asset (GNPA) ratio declining to 1.33% from 2.35% a year earlier, while the net NPA ratio stood at 0.30%. However, lower treasury income remained a concern for overall earnings growth. Going forward, investors will monitor credit growth, deposit mobilisation, net interest margins and treasury income. Improving asset quality and strong NII growth provide positive signals, but the bank’s ability to sustain profitability amid changing interest rates and funding costs will remain important. Market participants will also track management commentary on business expansion and capital-raising plans for further direction on the stock.

PSU Banks Rally: Nifty PSU Bank Index Bucks Market Trend

The Indian stock market witnessed a severe downturn on 19 October 2026, with the benchmark BSE Sensex plummeting 876 points (1.17%) to close at 73,852.90, and the NSE Nifty 50 shedding 257 points (1.11%) to settle at 22,888.95. However, amidst this widespread broad-based selling pressure, the state-run lenders staged a remarkable turnaround. The Nifty PSU Bank Index emerged as the sole gleaming outlier on the NSE sectoral leaderboard, surging 2.46% to close at 8,294.10. The monumental surge in public sector banks was heavily catalyzed by a spectacular kickoff to the corporate earnings season. Punjab National Bank (PNB) acted as a major market propellant after reporting a robust September quarter (Q2FY27) standalone profit after tax (PAT) of ₹5,500 crore, significantly outstripping street expectations. PNB’s stock correspondingly skyrocketed 4.78%, recording a massive trading volume of 8.16 crore shares. Similarly, Union Bank of India registered heavy institutional demand, accelerating 4.94% on a massive volume of 4.80 crore shares. Other major gainers backing the state-run rally included Bank of India (+3.75%), Bank of Baroda (+3.48%), and Canara Bank (+2.87%). Technically the Nifty PSU Bank Index has taken support at 7800 levels for 3 times and has bounced sharply from this levels. we can see a triple bottom taking place in Nifty PSU Bank Index. But, it is still in a range. Daily RSI 14 crossed above 50 and Daily MACD Histogram above zero indicates a bullish trend. PNB

Canara Bank is currently trading in a broader downtrend,

CANBK Canara Bank is currently trading in a broader downtrend, forming lower highs and lower lows, which indicates continued selling pressure. However, the descending trendline drawn on the chart is acting as a potential dynamic support zone near ₹116–118, where the price is attempting to stabilize after a prolonged decline. The recent sharp upward move followed by a pullback suggests volatility and possible buying interest, but a confirmed reversal is not yet visible. If the stock sustains above ₹120–122 and subsequently breaks the immediate resistance zone around ₹124–128 with strong volume, a short-term recovery towards ₹132 may become possible. On the downside, a decisive breakdown below ₹116 could weaken the structure further. Traders should watch for bullish candlestick confirmation, volume expansion, and a sustained trendline hold before considering a reversal scenario. Technical analysis is for educational purposes only and not investment advice.

Canara Bank tests support below key cloud levels

CANBK closed at ₹118.38 after a positive day, but the broader technical setup remains under pressure. The stock is below its conversion line at ₹121.49, the base line at ₹122.06, and the forward cloud, which spans roughly ₹121.77 to ₹124.81. That cluster forms a compact but important overhead barrier, showing that the recent price action is still below the market’s key trend references. The chart’s first task is to defend the ₹117–118 zone. This area has attracted buying interest recently, yet a break below it would leave the stock vulnerable to a move toward ₹115 and then the ₹110 region. The price is therefore not in a confirmed reversal; it is attempting to stabilise after a sequence of lower highs from the early-2026 peak. For bulls, the route is precise. A close above ₹121.50 would reclaim the conversion line, but a sustained move through ₹122–125 is needed to overcome the base line and cloud resistance. Only then would the daily structure begin to shift from corrective to constructive. Canara Bank remains a key public-sector banking name, but its chart requires discipline: retain ₹117 as support, watch whether price can build higher lows, and wait for a cloud breakout before assuming the decline has ended. Until those levels are recovered, the risk is that each bounce meets supply near ₹122–125.