Canara Bank is a state-owned commercial bank with headquarters in Bangalore. The Bank provides a range of products and services to the customers. It is one of India's three largest nationalized banks under the ownership of the Ministry of Finance, Government of India. The bank is headquartered in Bengaluru and has offices in London, Dubai, Hong Kong, and New York. Canara was incorporated in 1906 and nationalised in 1969, along with 13 other major commercial banks of India, by the GoI.
The Canara Bank Limited (the Bank) is an India-based bank. The Bank's segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations, Life Insurance Operations and Other Banking Operations. The bank operates through a comprehensive network offering diversified financial services across multiple verticals.
The Bank's diversified products and services include personal banking and corporate banking. Its personal banking includes depository services, mutual funds, ancillary services, technology products, retail loan products, micro, small and medium enterprise loan products and card services, among others. Its corporate banking includes accounts and deposits, supply chain finance management, syndication services and technology upgradation fund schemes, among others. Across the borders the Bank has 8 branches one each at London Leicester Hong Kong Shanghai Manama Johannesburg New York and DIFC (Dubai) & a Representative Office at Sharjah UAE.
As of July 2025, Canara Bank commands a market capitalization of ₹1,03,741 crore, though this represents a decline of 2.88% over the past year. As of Jul 02, 2025, the market cap stood at Rs. 104,085.72 Cr. The bank has a market share of 6.2% and 6.5% in net advances and total deposits, respectively as on Jun'23. This significant market presence establishes Canara Bank as a major player in India's banking sector.
The bank is part of multiple prestigious indices including BSE 500, BSE 100, BSE 200, BSE PSU, Nifty Next 50, Nifty 500, Nifty Bank, Nifty 100, Nifty PSU Bank, Nifty 200, and several other key benchmark indices. This broad index inclusion reflects the bank's systemic importance and investor confidence in its operations.
Canara Bank reported a 33 per cent rise in standalone net profit at ₹5,003 crore for Q4 FY25, compared to ₹3,757 crore in the same period last year. Sequentially, net profit grew by 22 per cent from ₹4,104 crore. The bank reported standalone total income at ₹37,353 crore for Q4 FY25, representing a 10 per cent increase compared to ₹34,025 crore in the year-ago period.
For FY25, Canara Bank achieved revenue of ₹1,21,601 crore and profit of ₹17,692 crore. The bank's net profit jumped 28.3% year-on-year to ₹5,070.19 crore in Q4 2024-2025. The company has delivered good profit growth of 61.9% CAGR over the last 5 years.
Canara Bank's total interest income for Q4 FY25 was ₹31,002 crore, up 7.62 per cent year-on-year against ₹28,807 crore. The interest expended for Q4 FY25 was ₹21,560 crore. Net Interest Income (NII) for the quarter ended March 31, 2025, stood at ₹9,441.92 crore.
Gross non-performing assets (Gross NPA) amounted to ₹31,530 crore, which represents 3 per cent of the bank's total advances. Net Non-Performing Assets (Net NPA) were reported at ₹7,353 crore, translating to a Net NPA ratio of 0.70 per cent. This represents a significant improvement in asset quality compared to previous periods.
Key banking ratios as of FY24 demonstrate the bank's operational efficiency:
- CARA - 16.28%
- Net Interest Margin - 3.05%
- Gross NPA - 4.23%
- Net NPA - 1.27%
- CASA Ratio - 32.29%
- Gross Loan Portfolio: Rs. 9,60,602 Crs.
Assets Under Management (AUM), estimated as the sum of advances and investments, stood at approximately ₹14.29 trillion. This comprises ₹10,49,155 crore in advances and ₹3,80,343 crore in investments. This substantial asset base underlines the bank's significant lending capacity and market presence.
Promoter holding in Canara Bank stands at 62.93 per cent as of Mar 2025, maintaining stability from 62.93 per cent as of Jun 2024. This consistent government ownership provides stability and confidence to stakeholders.
The board has recommended a dividend of ₹4 per equity share of face value of ₹2 each to shareholders for the financial year 2024-25, subject to approval. For the financial year 2025, CANARA BANK declared dividend amounting to Rs 4.0 per share. At the current price, this results in a dividend yield of 3.6%. The stock is providing a good dividend yield of 3.50%.
Canara Bank was merged with erstwhile Syndicate Bank in FY21. The board approved the merger of Canara Bank with Syndicate Bank of directors on 13th September 2019, and it received the Cabinet approval on 4th March 2020. This strategic consolidation has strengthened the bank's market position and operational efficiency.
Canara Bank has begun the listing process for its asset management joint venture, Canara Robeco AMC, and is also planning to list Canara HSBC Life Insurance Company, having approved a stake dilution in the latter. These strategic moves indicate the bank's focus on monetizing its subsidiaries and diversifying revenue streams.
At the current price of Rs 111.0, CANARA BANK trades at a PE ratio of 5.81 while its PB ratio stands at 0.99. CANARA BANK had an EPS of Rs 19.1 in the latest financial year. In the most recent quarter, the company declared an EPS of Rs 5.6. These metrics suggest attractive valuations for potential investors.
Over the past 6 months, the Canara Bank share price has increased by 14.32% and in the last one year, it has decreased by 3.05%. The 52-week low for Canara Bank share price was Rs. 78.6 and 52-week high was Rs. 119.3.
The banking sector's consolidation efforts, improving asset quality metrics, and consistent dividend payments position Canara Bank as a significant player in India's public sector banking landscape. The bank's extensive branch network, diverse product portfolio, and strong government backing continue to support its market position despite competitive pressures in the banking industry.
