# Canara Bank (CANBK) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/canbk

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹122.93
- Change: +0.02%
- As of: 2026-11-06
- 1D return: +0.02%
- 5D return: +4.59%
- 1M return: +4.76%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

Canara Bank (CANBK) closed at ₹122.90 on November 5, 2026, following an extreme upward gap of +3.9%. The technical setup is characterized by a conflict between short-term price strength and longer-term structural weakness. On the daily chart, the stock trades above its 20-day and 50-day moving averages but remains below the 200-day SMA and Supertrend, indicating a potential bounce within a broader downtrend. Daily trend strength is weak (ADX 11.94), suggesting the current move lacks sustained conviction.

Conversely, the monthly timeframe shows strong bullish momentum (ADX 41.45) with price above the Supertrend, while the weekly trend remains bearish. This divergence suggests the recent rally may be a mean-reversion attempt rather than a confirmed trend reversal. The stock is positioned in the upper-middle of its 20-day range (+69.8%) but near the lower end of its 252-day range (+17.1%). Immediate resistance lies at ₹124.42 (1.24% above), with support at ₹121.80 (0.90% below). Annualized volatility stands at +29.8%, and the stock is currently in a -22.7% drawdown from its available high.

- Price Action: Closed at ₹122.90 after an extreme +3.9% upward gap on Nov 5; trading above daily 20/50 EMAs/SMA but below 200-day SMA and Supertrend.
- Trend Divergence: Monthly trend is strong and bullish (ADX 41.45, Supertrend up), while weekly is bearish and daily trend strength is weak (ADX 11.94).
- Key Levels: Immediate resistance at ₹124.42 (+1.24%); immediate support at ₹121.80 (-0.90%). Range position is +69.8% over 20 days but only +17.1% over 252 days.
- Risk Profile: Current drawdown is -22.7% from highs; annualized volatility is +29.8% with ATR at 2.54%, indicating elevated price sensitivity.

- Harami
- Bearish Engulfing Reversal
- Inside Bar

### News Context

Canara Bank reported two distinct developments in the seven-day window ending November 5, 2026: a regulatory settlement and a retail pricing update. On November 3, lenders led by Canara Bank approved a ₹522-crore one-time settlement from Supreme Housing and Hospitality, resolving debts of close to ₹700 crore with a recovery rate just short of 75%. This agreement covers both fund-based exposure and non-fund corporate guarantees, marking a milestone in the borrower's restructuring pending NCLT approval. Separately, effective November 2, 2026, Canara Bank revised fixed deposit interest rates for domestic term deposits below ₹3 crore, offering up to 6.75% for general customers and 7.25% for senior citizens. In contrast, a Delhi district consumer commission ordered the bank on November 5 to refund Rs 4.14 lakh and pay Rs 1 lakh compensation plus Rs 50,000 legal costs after cyber fraudsters siphoned Rs 5.44 lakh from a customer’s account in April 2024, ruling that technical authentication did not prove voluntary authorization.

- Supreme Housing Settlement: Lenders led by Canara Bank approved a ₹522-crore settlement for ~₹700 crore debt (Nov 3), achieving a recovery rate just under 75%; pending NCLT approval.
- FD Rate Revision: Effective Nov 2, 2026, Canara Bank raised FD rates for deposits ₹3 crore to max 6.75% (general) and 7.25% (senior citizens).
- Consumer Commission Ruling: On Nov 5, a Delhi commission ordered Canara Bank to refund Rs 4.14 lakh and pay Rs 1 lakh compensation + Rs 50,000 legal costs for an April 2024 cyber fraud case, citing failure to prove voluntary customer authorization.

- [In 2024, cyber fraudsters siphoned Rs 5.44 lakh from a woman’s Canara Bank account; two years later, consumer commission orders bank to refund, pay Rs 1 lakh compensation and Rs 50,000 legal costs](https://timesofindia.indiatimes.com/legal/news/in-2024-cyber-fraudsters-siphoned-rs-5-44-lakh-from-a-womans-canara-bank-account-two-years-later-consumer-commission-orders-bank-to-refund-pay-rs-1-lakh-compensation-and-rs-50000-legal-costs/articleshow/135558987.cms)
- [Lenders accept Supreme Housing's Rs 522-crore settlement offer](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms)
- [PNB and Canara Bank revise FD interest rates in November 2026: How much can general, senior citizens earn now? | Mint](https://www.livemint.com/money/pnb-and-canara-bank-revise-fd-interest-rates-in-november-2026-how-much-can-general-senior-citizens-earn-now-11793718284429.html)
- [FD interest rates revised: PNB, Canara Bank offer up to 7.25 percent to senior citizens; Axis Bank updates bulk rates](https://www.moneycontrol.com/news/business/personal-finance/fd-interest-rates-revised-pnb-canara-bank-offer-up-to-7-25-percent-to-senior-citizens-axis-bank-updates-bulk-rates-14067666.html)
- [PNB, Canara Bank revise FD interest rates: Senior citizens can earn up to 7.25%; compare latest rates - The Economic Times](https://economictimes.indiatimes.com/wealth/invest/pnb-canara-bank-revise-fd-interest-rates-senior-citizens-can-earn-up-to-7-25-compare-latest-rates/articleshow/135485383.cms)

### What Changed

Canara Bank (NSE: CANBK) has experienced a notable upward price movement as of the latest observation on November 5, 2026. The stock closed at ₹122.90, marking an increase from the previous recorded price of ₹118.32. This shift represents a material change in the equity's trading level over the short term. While specific corporate filings or news events are not currently reported alongside this price action, the rise in share value indicates a positive shift in market sentiment or valuation for the listed entity. Investors should note that this is a snapshot of price data and does not inherently confirm underlying fundamental improvements without further context.

- Price Update: As of November 5, 2026, Canara Bank shares traded at ₹122.90.
- Recent Movement: This reflects an increase from the prior price of ₹118.32.
- Market Context: The move occurs on the NSE with no accompanying new corporate filings or news reports provided in the current dataset.

### Official Filings

Canara Bank has advanced its capital management and compliance activities in late October 2026. The bank successfully redeemed ₹1,500 crore of Additional Tier I bonds (ISIN INE476A08126) on October 23, 2026, following the exercise of a call option. Concurrently, it secured Reserve Bank of India approval to call another ₹1,500 crore tranche (ISIN INE476A08134), with redemption scheduled for December 2, 2026, and a record date of November 17, 2026. These actions reduce the bank's outstanding debt obligations and refine its regulatory capital structure.

On the compliance front, the RBI imposed a monetary penalty of ₹7,30,000 on October 29, 2026, due to ATM cashout irregularities across Karnataka and Tamil Nadu. Canara Bank disclosed that the financial impact is limited strictly to this penalty amount. Additionally, the bank’s Registrar and Share Transfer Agent, KFin Technologies Limited, will shift its corporate office from Hyderabad to Kokapet, Telangana, effective December 1, 2026, while the registered office remains unchanged.

- Debt Redemption: ₹1,500 crore of Basel III-compliant AT1 bonds (ISIN INE476A08126) were fully redeemed on October 23, 2026, after call option exercise.
- Upcoming Call Option: RBI approved the call of a second ₹1,500 crore AT1 bond tranche (ISIN INE476A08134); redemption is set for December 2, 2026, with a record date of November 17, 2026.
- Regulatory Penalty: RBI levied a ₹7,30,000 fine for ATM cashout issues; the bank confirmed the financial impact is limited to this specific penalty amount.
- RTA Office Shift: Registrar KFin Technologies Limited will move its corporate office to Kokapet, Telangana, effective December 1, 2026.

- [Canara Bank has informed the Exchange regarding 'Intimation regarding shifting of Corporate Office of the Registrar and Share Transfer Agent (RTA) of the Bank'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CANBK_03112026165144_LETTERTOSE03112026.pdf)
- [Canara Bank has informed the Exchange regarding 'Exercising of Call Option of Basel III Complaint Additional Tier I Bond'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CANBK_30102026191346_LettertoSE30102026.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_30102026190954_LettertoSE30102026.pdf)
- [Canara Bank has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/CANBK_29102026201344_Intimationse29102026.pdf)
- [CANARA BANK has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2032_WebXMLFile_20261029_201718390.xml)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_27102026162530_lettertose.pdf)
- [Canara Bank has informed the Exchange regarding ''. Exercising of Call Option of Basel III Compliant Additional Tier I Bond (ISIN: INE476A08134)-RBI Approval |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CANBK_27102026162107_lettertose.pdf)
- [Canara Bank has informed the Exchange regarding 'Credit confirmation of Annual Interest Payment & Redemption Payment'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CANBK_23102026165232_lettertoses.pdf)
- [Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_23102026165055_lettertoses.pdf)
- [CANARA BANK has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2032_WebXMLFile_20261017_190358935.xml)

### Fundamentals

Canara Bank’s Q2 FY2026-27 results demonstrate a strengthening operating trajectory, marked by sequential growth in revenue and net profit alongside improving asset quality. Total income rose to ₹40,938.80 crore from ₹39,695.71 crore in Q1, driven by higher interest earned (₹35,161.97 crore) which outpaced the rise in interest expended (₹24,150.60 crore). This dynamic supported an increase in operating profit to ₹8,767.60 crore and pushed Net Profit After Minority Interest up 3.9% sequentially to ₹5,381.59 crore, with EPS rising to ₹5.93 per share.

Earnings quality appears robust as provisions for contingencies decreased to ₹1,781.98 crore from ₹2,080.05 crore, while Gross NPA declined to ₹18,308.38 crore. The bank’s financing margin turned positive at 3.0% in Sep 2026, reversing negative readings in prior periods. Balance-sheet health remains stable with deposits growing to ₹16,969.35 crore by Sep 2026 and borrowing increasing to ₹16,791.20 crore, indicating active liability management. Shareholding patterns show consistent promoter holding at 62.93%, with slight increases in DII and FII stakes. Long-term profitability metrics remain strong, with a 3-year compounded profit growth of 18% and ROE at 16% for the last year.

- Q2 FY2026-27 Net Profit increased 3.9% sequentially to ₹5,381.59 crore, supported by a rise in Operating Profit to ₹8,767.60 crore.
- Asset quality improved: Gross NPA fell to ₹18,308.38 crore and provisions decreased to ₹1,781.98 crore quarter-on-quarter.
- Financing margin reversed trend to +3.0% in Sep 2026, reflecting better spread management despite rising interest expenditures.
- Deposit base expanded to ₹16,969.35 crore by Sep 2026, supporting continued lending capacity.

### Bear Case

Canara Bank faces distinct operational and market risks highlighted by recent technical deterioration and consumer protection liabilities. On the trading front, the stock has entered a bearish phase on both daily and weekly timeframes as of November 5, 2026, with the Supertrend indicator signaling downward pressure. The share price has declined 12.0% over the past year and is currently down 20.3% year-to-date, reflecting significant underperformance relative to longer-term trends. Technical metrics show elevated volatility, with annualized volatility at 29.8% and a current drawdown of -22.7%, indicating heightened risk for holders. Operationally, the bank remains exposed to cybersecurity-related financial losses and regulatory penalties. A Delhi district consumer commission recently ordered Canara Bank to refund ₹4.14 lakh and pay ₹1 lakh in compensation plus legal costs after cyber fraudsters siphoned ₹5.44 lakh from a customer’s account in April 2024. The ruling emphasized that technical authentication does not automatically equate to voluntary authorization, underscoring persistent vulnerabilities in digital transaction verification processes.

- Technical trend is bearish on daily and weekly charts; YTD return is -20.3% and 1-year return is -12.0%.
- Volatility is elevated with annualized volatility at 29.8% and current drawdown at -22.7%.
- Regulatory risk persists: Consumer commission ordered refund of ₹4.14 lakh and ₹1 lakh compensation for a ₹5.44 lakh cyber fraud loss in April 2024.

- [In 2024, cyber fraudsters siphoned Rs 5.44 lakh from a woman’s Canara Bank account; two years later, consumer commission orders bank to refund, pay Rs 1 lakh compensation and Rs 50,000 legal costs](https://timesofindia.indiatimes.com/legal/news/in-2024-cyber-fraudsters-siphoned-rs-5-44-lakh-from-a-womans-canara-bank-account-two-years-later-consumer-commission-orders-bank-to-refund-pay-rs-1-lakh-compensation-and-rs-50000-legal-costs/articleshow/135558987.cms)
- [Lenders accept Supreme Housing's Rs 522-crore settlement offer](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms)
- [PNB and Canara Bank revise FD interest rates in November 2026: How much can general, senior citizens earn now? | Mint](https://www.livemint.com/money/pnb-and-canara-bank-revise-fd-interest-rates-in-november-2026-how-much-can-general-senior-citizens-earn-now-11793718284429.html)
- [FD interest rates revised: PNB, Canara Bank offer up to 7.25 percent to senior citizens; Axis Bank updates bulk rates](https://www.moneycontrol.com/news/business/personal-finance/fd-interest-rates-revised-pnb-canara-bank-offer-up-to-7-25-percent-to-senior-citizens-axis-bank-updates-bulk-rates-14067666.html)
- [PNB, Canara Bank revise FD interest rates: Senior citizens can earn up to 7.25%; compare latest rates - The Economic Times](https://economictimes.indiatimes.com/wealth/invest/pnb-canara-bank-revise-fd-interest-rates-senior-citizens-can-earn-up-to-7-25-compare-latest-rates/articleshow/135485383.cms)
- [Canara Bank has informed the Exchange regarding 'Intimation regarding shifting of Corporate Office of the Registrar and Share Transfer Agent (RTA) of the Bank'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CANBK_03112026165144_LETTERTOSE03112026.pdf)
- [Canara Bank has informed the Exchange regarding 'Exercising of Call Option of Basel III Complaint Additional Tier I Bond'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CANBK_30102026191346_LettertoSE30102026.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_30102026190954_LettertoSE30102026.pdf)
- [Canara Bank has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/CANBK_29102026201344_Intimationse29102026.pdf)
- [CANARA BANK has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2032_WebXMLFile_20261029_201718390.xml)

### FAQs

**What recent regulatory actions and penalties has Canara Bank faced, and what is the financial impact?**

On October 29, 2026, the Reserve Bank of India imposed a total monetary penalty of ₹7,30,000 on Canara Bank for ATM cashout irregularities involving 47 ATMs in Karnataka and 26 in Tamil Nadu. The bank reported that the financial impact is limited to this penalty amount, which it will remit to the RBI.

**How are Canara Bank's fixed deposit rates structured for the current period?**

Effective November 2, 2026, Canara Bank revised its fixed deposit interest rates for domestic term deposits below ₹3 crore. General customers can earn up to 6.75%, while senior citizens are eligible for returns up to 7.25%. These rates apply across various tenures.

**What major corporate action is Canara Bank undertaking regarding its debt instruments in December 2026?**

Canara Bank has exercised its call option on a ₹1,500 crore Basel III-compliant Additional Tier I bond (ISIN INE476A08134). With RBI approval received on October 27, 2026, the bond will be redeemed on December 2, 2026. Bondholders receive principal plus accrued interest from December 2, 2025, to December 1, 2026, with a record date of November 17, 2026.

**How has Canara Bank's stock performance trended over the past year compared to recent months?**

As of November 5, 2026, Canara Bank's stock closed at ₹122.90. Over the trailing one-year period, the stock returned -12.0%, with a year-to-date return of -20.3%. However, recent short-term momentum shows positive returns of +3.9% over one day and +3.7% over one month, despite a monthly technical supertrend indicating bullish conditions.

- [In 2024, cyber fraudsters siphoned Rs 5.44 lakh from a woman’s Canara Bank account; two years later, consumer commission orders bank to refund, pay Rs 1 lakh compensation and Rs 50,000 legal costs](https://timesofindia.indiatimes.com/legal/news/in-2024-cyber-fraudsters-siphoned-rs-5-44-lakh-from-a-womans-canara-bank-account-two-years-later-consumer-commission-orders-bank-to-refund-pay-rs-1-lakh-compensation-and-rs-50000-legal-costs/articleshow/135558987.cms)
- [Lenders accept Supreme Housing's Rs 522-crore settlement offer](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms)
- [PNB and Canara Bank revise FD interest rates in November 2026: How much can general, senior citizens earn now? | Mint](https://www.livemint.com/money/pnb-and-canara-bank-revise-fd-interest-rates-in-november-2026-how-much-can-general-senior-citizens-earn-now-11793718284429.html)
- [FD interest rates revised: PNB, Canara Bank offer up to 7.25 percent to senior citizens; Axis Bank updates bulk rates](https://www.moneycontrol.com/news/business/personal-finance/fd-interest-rates-revised-pnb-canara-bank-offer-up-to-7-25-percent-to-senior-citizens-axis-bank-updates-bulk-rates-14067666.html)
- [PNB, Canara Bank revise FD interest rates: Senior citizens can earn up to 7.25%; compare latest rates - The Economic Times](https://economictimes.indiatimes.com/wealth/invest/pnb-canara-bank-revise-fd-interest-rates-senior-citizens-can-earn-up-to-7-25-compare-latest-rates/articleshow/135485383.cms)
- [Canara Bank has informed the Exchange regarding 'Intimation regarding shifting of Corporate Office of the Registrar and Share Transfer Agent (RTA) of the Bank'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CANBK_03112026165144_LETTERTOSE03112026.pdf)
- [Canara Bank has informed the Exchange regarding 'Exercising of Call Option of Basel III Complaint Additional Tier I Bond'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/CANBK_30102026191346_LettertoSE30102026.pdf)
- [Updates |SUBJECT: Updates](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_30102026190954_LettertoSE30102026.pdf)
- [Canara Bank has informed the Exchange about Action(s) taken or orders passed |SUBJECT: Action(s) taken or orders passed](https://nsearchives.nseindia.com/corporate/CANBK_29102026201344_Intimationse29102026.pdf)
- [CANARA BANK has informed the Exchange about Action(s) taken or orders passed (sub-para 20) |SUBJECT: Actions initiated/taken or orders passed-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2032_WebXMLFile_20261029_201718390.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹121.94
- Risk regime: Price Risk Requires Attention

### Support levels
- 121.80000000000001
- 115.41562499999999
- 111.21

### Resistance levels
- 124.42376953125
- 130.71
- 139.049375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.02% |
| return_10 | +5.83% |
| return_1m | +4.34% |
| return_1y | -11.71% |
| return_20 | +4.76% |
| return_3m | -6.66% |
| return_5 | +4.59% |
| return_6m | -10.95% |
| return_since_start | +22.46% |
| return_ytd | -20.30% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -26.91% |
| annualized_volatility | +29.76% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Canara Bank Q2 FY2026-27: Profit Grows as Bad Loans and Provisions Decline

Canara Bank’s consolidated profit after tax, including minority interest and share of profit from associates, was ₹5,381.59 crore in the quarter ended 30 September 2026. It rose 3.9% from the June quarter and 11.0% from the corresponding quarter a year earlier. Earnings per share was ₹5.93, compared with ₹5.71 sequentially and ₹5.35 a year earlier. Lower provisions and continued improvement in reported asset-quality measures supported the quarter, while return on assets eased from a year earlier.

## Interest income rose, while other income moderated

Interest earned increased 6.7% sequentially to ₹35,161.97 crore and 9.6% from ₹32,071.97 crore in the year-earlier quarter. Interest expended rose 6.2% sequentially to ₹24,150.60 crore. Other income fell 14.3% from the June quarter to ₹5,776.83 crore.

Total income was ₹40,938.80 crore, up 3.1% sequentially but down 2.6% from ₹42,013.74 crore a year earlier. The year-on-year decline reflected the comparison with higher other income in that quarter.

## Operating profit edged higher; provisions fell

Operating expenses declined 3.5% sequentially to ₹8,020.60 crore, including employee costs of ₹4,812 crore, down from ₹5,094.68 crore in the June quarter. Operating profit before provisions and contingencies rose 1.4% sequentially to ₹8,767.60 crore, but was little changed from ₹8,704.56 crore a year earlier.

Provisions other than tax and contingencies decreased to ₹1,781.98 crore from ₹2,080.05 crore in the June quarter and ₹2,354.02 crore a year earlier. Profit before tax rose to ₹6,985.62 crore from ₹6,566.89 crore sequentially and ₹6,350.54 crore in the corresponding year-earlier quarter. Tax expense was ₹1,803.59 crore, compared with ₹1,702.81 crore sequentially.

## Asset-quality measures improved further

Gross non-performing assets fell to ₹18,308.38 crore at 30 September 2026, from ₹20,363.77 crore at 30 June and ₹27,049.70 crore a year earlier. The gross NPA ratio declined to 1.33%, from 1.57% and 2.35%, respectively. Net NPAs decreased to ₹4,053.19 crore, while the net NPA ratio eased to 0.30% from 0.36% sequentially and 0.54% a year earlier.

The reduction in reported bad-loan balances coincided with lower provisions, strengthening the quarter’s earnings profile. The improvement in asset-quality measures is a notable development for investors alongside the increase in profit.

## Lending and deposits expanded; CET1 was lower sequentially

At 30 September 2026, advances stood at ₹13,60,814.89 crore, up 11.5% from 30 June. Deposits rose 8.2% to ₹16,96,935 crore, while borrowings increased 8.1% to ₹1,67,912 crore. Total assets were ₹20,37,814.73 crore, up from ₹18,87,325.11 crore at the end of June.

The CET1 ratio was 12.81%, down from 17.18% at 30 June but above 12.28% a year earlier. The Additional Tier 1 ratio was 2.25%, compared with 2.09% sequentially and 2.06% a year earlier. Return on assets was 1.09%, slightly below 1.11% in the June quarter and 1.10% in the corresponding year-earlier quarter.

## Management Commentary

Management reported that the gross NPA ratio improved to 1.33% and the net NPA ratio to 0.30% at 30 September 2026, with a provision coverage ratio of 95.34% and a credit cost of 0.47%. Retail credit grew 31.61% year on year, with housing loans up 17.35% and vehicle loans up 25.50%, while RAM credit rose 21.03%. The bank also reported a slippage ratio of 0.58%, improved by 18 basis points, and said priority sector lending stood at 44.99% of ANBC against a 40% norm. This operating context supports the quarter's lower provisions and improved asset quality, with retail growth the main driver of loan expansion.

## Key Takeaway
Canara Bank’s profit increased year on year as provisions declined and asset-quality measures continued to improve. Interest income grew, but total income was lower than in the corresponding quarter a year earlier, and operating profit was broadly steady. Rapid growth in advances and deposits accompanied a lower sequential CET1 ratio and a modestly lower return on assets year on year; these are important measures to track alongside the improvement in bad loans.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +62.93%
- FII holding: +12.26%
- DII holding: +12.37%
- Mutual fund holding: +7.00%
- Retail holding: +7.28%
- Promoter pledged: +0.00%

### Major reported shareholders

- PRESIDENT OF INDIA — +62.93%
- LICI ULIP-GROWTH FUND — +3.89%
- REKHA JHUNJHUNWALA — +1.38%
- FOREIGN INSTITUTIONAL INVESTORS — +0.01% (Other)

## Official filings

- 2026-11-07 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_07112026192230_letter.pdf)
- 2026-11-03 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_03112026165144_LETTERTOSE03112026.pdf)
- 2026-10-30 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_30102026191346_LettertoSE30102026.pdf)
- 2026-10-30 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_30102026190954_LettertoSE30102026.pdf)
- 2026-10-29 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_29102026201344_Intimationse29102026.pdf)
- 2026-10-29 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/AIATOP_2032_WebXMLFile_20261029_201718390.xml)
- 2026-10-27 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_27102026162530_lettertose.pdf)
- 2026-10-27 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_27102026162107_lettertose.pdf)
- 2026-10-23 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_23102026165232_lettertoses.pdf)
- 2026-10-23 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_23102026165055_lettertoses.pdf)
- 2026-10-17 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2032_WebXMLFile_20261017_190358935.xml)
- 2026-10-17 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_17102026190110_LettertoSE17102026Transcript.pdf)
- 2026-10-15 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_15102026172937_LettertoSE15102026Sd.pdf)
- 2026-10-14 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_14102026120739_LettertoSE14102026fs.pdf)
- 2026-10-14 — Earnings Presentation: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_14102026121259_LettertoSE14102026IPsD.pdf)
- 2026-10-14 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_14102026121131_LettertoSE14102026fs.pdf)
- 2026-10-14 — Press Release: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_14102026121611_LettertoSESdPR.pdf)
- 2026-10-14 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_14102026122217_LettertoSE14102026sD.pdf)
- 2026-10-14 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_14102026122429_LettertoSE14102026sD.pdf)
- 2026-10-14 — Financial Results Filing: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1737953_14102026054031_WEB.xml)
- 2026-10-14 — Financial Results Filing: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_BANKING_1737954_14102026054037_WEB.xml)
- 2026-10-14 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_14102026184946_earningcalloutcome.pdf)
- 2026-10-14 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2032_WebXMLFile_20261014_191127505.xml)
- 2026-10-09 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2032_WebXMLFile_20261009_124018127.xml)
- 2026-10-09 — Board Meeting Notice: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_09102026123657_LettertoSE09102026.pdf)

## News and market events

- 2026-11-07 — The Hindu: **What Should Investors Do About Canara Bank’s Stock?** — Canara Bank estimates a one-time transition impact of ₹12,000-15,000 crore on its net worth due to the upcoming implementation of the Expected Credit Loss (ECL) regime starting FY28. The bank plans to stagger this impact over two years and anticipates higher recurring credit costs, potentially lowering its Return on Assets (RoA) to around 0.8 per cent. — [Source](https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/what-should-investors-do-about-canara-banks-stock/article71673435.ece)
- 2026-11-07 — Mint: **Dividend dhamaka: 4 high yield stocks from brokerages' Diwali stock picks for Samvat 2083- Annual return, target price** — Brokerages have highlighted BPCL, Canara Bank, Hero MotoCorp, and HCL Tech as Diwali stock picks for Samvat 2083, citing their annual dividend yields ranging from 2.72% to 3.96%. These selections are presented ahead of the Muhurat trading session on November 8, targeting investors seeking regular income alongside potential capital appreciation. — [Source](https://www.livemint.com/market/stock-market-news/dividend-dhamaka-4-high-yield-stocks-from-brokerages-diwali-stock-picks-for-samvat-2083-annual-return-target-price-11794058869190.html)
- 2026-11-05 — Times of India: **In 2024, cyber fraudsters siphoned Rs 5.44 lakh from a woman’s Canara Bank account; two years later, consumer commission orders bank to refund, pay Rs 1 lakh compensation and Rs 50,000 legal costs** — A Delhi district consumer commission has ordered Canara Bank to refund Rs 4.14 lakh, pay Rs 1 lakh in compensation, and cover Rs 50,000 in legal costs after cyber fraudsters siphoned Rs 5.44 lakh from a customer's account in April 2024. The commission ruled that the bank failed to prove the customer voluntarily authorized the transactions or was solely negligent, as it could not produce complete technical audit trails despite the use of her credentials for authentication. This decision underscores that technical authentication does not automatically equate to voluntary authorization in cases o — [Source](https://timesofindia.indiatimes.com/legal/news/in-2024-cyber-fraudsters-siphoned-rs-5-44-lakh-from-a-womans-canara-bank-account-two-years-later-consumer-commission-orders-bank-to-refund-pay-rs-1-lakh-compensation-and-rs-50000-legal-costs/articleshow/135558987.cms)
- 2026-11-03 — Economic Times: **Lenders accept Supreme Housing's Rs 522-crore settlement offer** — Lenders led by Canara Bank have approved a ₹522-crore one-time settlement offer from Supreme Housing and Hospitality, resolving debts of close to ₹700 crore with a recovery rate just short of 75%. The agreement covers both fund-based exposure for Canara Bank and non-fund exposure arising from corporate guarantees given to subsidiary entities. This resolution marks a major milestone in the company's financial restructuring and will now be submitted to the NCLT for final approval. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-accept-supreme-housings-rs-522-crore-settlement-offer/articleshow/135512532.cms)
- 2026-11-03 — Mint: **PNB and Canara Bank revise FD interest rates in November 2026: How much can general, senior citizens earn now? | Mint** — Punjab National Bank and Canara Bank have revised their fixed deposit interest rates for domestic term deposits below ₹3 crore, effective November 1 and November 2, 2026, respectively. The revisions result in maximum returns of up to 6.60% for general customers and 7.10% for senior citizens at PNB, while Canara Bank offers up to 6.75% and 7.25% for the same categories. Additionally, Axis Bank separately updated interest rates on bulk fixed deposits of ₹3 crore and above starting November 3, 2026. — [Source](https://www.livemint.com/money/pnb-and-canara-bank-revise-fd-interest-rates-in-november-2026-how-much-can-general-senior-citizens-earn-now-11793718284429.html)
- 2026-11-03 — MONEYCONTROL: **FD interest rates revised: PNB, Canara Bank offer up to 7.25 percent to senior citizens; Axis Bank updates bulk rates** — Public Sector Banks Punjab National Bank and Canara Bank have revised their fixed deposit interest rates, offering up to 7.25 percent for senior citizens. Concurrently, Axis Bank has updated its bulk deposit rates. — [Source](https://www.moneycontrol.com/news/business/personal-finance/fd-interest-rates-revised-pnb-canara-bank-offer-up-to-7-25-percent-to-senior-citizens-axis-bank-updates-bulk-rates-14067666.html)
- 2026-11-03 — Economic Times: **PNB, Canara Bank revise FD interest rates: Senior citizens can earn up to 7.25%; compare latest rates - The Economic Times** — Punjab National Bank and Canara Bank have revised their fixed deposit interest rates effective November 1 and 2, 2026, respectively, with senior citizens eligible for returns up to 7.25% at Canara Bank and 7.10% at PNB. These updates follow a recent revision by Bank of India, which introduced a special 500-day scheme offering 7.35% to senior citizens. The revised rates apply to domestic term deposits below Rs 3 crore across various tenures. — [Source](https://economictimes.indiatimes.com/wealth/invest/pnb-canara-bank-revise-fd-interest-rates-senior-citizens-can-earn-up-to-7-25-compare-latest-rates/articleshow/135485383.cms)
- 2026-10-27 — CNBC-TV18: **Indian lenders defer dollar debt sale plan as rates turn expensive** — At least four Indian staterun and private lenders are deferring their plans to tap the US dollar debt market as a recent spike in Treasury yields and hedging costs has made this proposition expensive, bank officials and merchant bankers said. — [Source](https://www.cnbctv18.com/business/indian-lenders-defer-dollar-debt-sale-plan-as-rates-turn-expensive-20020764.htm)
- 2026-10-25 — Mint: **CBI files bank fraud case against IL&FS Energy Development over alleged ₹212 crore loss to Canara Bank: Details here | Company Business News** — The CBI has registered a case against IL&FS Energy Development Company, its former managing director and other senior officials over an alleged ₹212.34 crore loss to Canara Bank. The FIR alleges that loan funds meant for renewable energy and infrastructure projects were diverted to other uses. — [Source](https://www.livemint.com/companies/news/cbi-files-bank-fraud-case-against-il-fs-energy-development-over-alleged-212-crore-loss-to-canara-bank-details-here-11792930880236.html)
- 2026-10-24 — Times of India: **CBI files FIR against IL&FS Energy, top execs in Rs 212cr Canara Bank loan fraud case** — NEW DELHI: CBI has registered an FIR against a Mumbaibased firm and its top executives for allegedly cheating Canara Bank of Rs 212 crore, officials said — [Source](https://timesofindia.indiatimes.com/india/cbi-files-fir-against-ilfs-energy-top-execs-in-rs-212cr-canara-bank-loan-fraud-case/articleshow/135177586.cms)
- 2026-10-24 — FREEPRESSJOURNAL.IN: **CBI Searches IL&FS Energy Development Company Directors In ₹212-Crore Bank Fraud Case** — The CBI conducted searches at premises linked to IL&FS Energy Development Company directors across Mumbai, Delhi, Noida and other locations in an alleged ₹212.34 crore Canara Bank fraud case. The agency seized financial and property-related documents. Five directors have been named as accused, with investigators probing alleged diversion of loan funds through associate companies. — [Source](https://www.freepressjournal.in/mumbai/cbi-searches-ilfs-energy-development-company-directors-in-212-crore-bank-fraud-case)
- 2026-10-24 — Times of India: **CBI books IL&FS Energy Development Co. and top directors in Rs 212 crore Canara Bank fraud case** — NEW DELHI: Central Bureau of Investigation (CBI) has registered an FIR against Mumbai-based firm and its top executives for allegedly cheating Canara Bank — [Source](https://timesofindia.indiatimes.com/india/cbi-books-ilfs-energy-development-co-and-top-directors-in-rs-212-crore-canara-bank-fraud-case/articleshow/135172350.cms)
- 2026-10-20 — Mint: **Canara Bank flags bond yield risk, bets on festive credit demand | Mint** — Rising government bond yields could expose Canara Bank to mark-to-market provisioning risk, with the eventual impact depending on market yields and the relevant measurement date. — [Source](https://www.livemint.com/industry/banking/canara-bank-bond-yield-mtm-risk-credit-growth-11792467036668.html)
- 2026-10-19 — The Hindu: **Sensex today | Stock Market Highlights: Sensex, Nifty close over 1% lower; private bank, IT stocks push markets lower** — Sensex, Nifty, Share Prices : Markets closed over 1 per cent lower on Monday as losses in private banks and IT stocks overwhelmed gains in metals and public-sector lenders. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-highlights-19th-october-2026/article71600731.ece)
- 2026-10-19 — Economic Times: **PSU bank stocks soar up to 8%, but HDFC, Axis and other private lenders fall up to 5% after Q2 results. Why the sharp divide?** — PSU bank stocks surged up to 8% on Monday, led by Punjab National Bank after its Q2FY27 earnings beat estimates. In contrast, private lenders such as Axis Bank and HDFC Bank fell up to 5% despite reporting profit growth. The Nifty PSU Bank index gained over 2%, while its private-sector counterpart declined. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/psu-bank-stocks-soar-up-to-8-but-hdfc-axis-and-other-private-lenders-fall-up-to-5-after-q2-results-why-the-sharp-divide/articleshow/135041687.cms)
- 2026-10-17 — Economic Times: **Demand for bank loans rises amid hardening yields** — Canara Bank and Indian Bank reported a total corporate loan pipeline of ₹1.10 lakh crore between them. The banks are experiencing steady credit demand from corporate clients amid rising bond yields. Canara Bank expects to maintain around 19% credit growth, while Indian Bank targets a 14-15% growth rate. Both banks highlighted the importance of improving deposit growth to narrow the credit-deposit gap. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/demand-for-bank-loans-rises-amid-hardening-yields/articleshow/134976286.cms)
- 2026-10-17 — Economic Times: **Canara Bank has Rs 47000 crore corporate loan pipeline** — Canara Bank has a corporate loan pipeline totaling Rs 47,000 crore amid rising demand from Indian companies. The bank expects credit growth to remain above 19% year-on-year for the upcoming quarter. It reported significant growth in deposits and loans due to a strategy focused on non-resident Indian customers. Management anticipates maintaining a return on assets above 1% despite future provisioning requirements. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/canara-bank-has-rs-47000-crore-corporate-loan-pipeline/articleshow/134961702.cms)
- 2026-10-16 — MONEYCONTROL: **FD rates by major banks: Know where you can earn up to 8.25% interest** — fixed deposit interest rates 2026, highest fd interest rates, small finance bank fd rates, rbi repo rate hike impact on fd, suryoday small finance bank fd rate, best fd rates private banks, public sector bank fd rates, senior citizen fixed deposit rates — [Source](https://www.moneycontrol.com/news/business/personal-finance/fd-rates-by-major-banks-know-where-you-can-earn-up-to-8-25-interest-3-14053693.html)
- 2026-10-16 — Economic Times: **Canara Bank has Rs 47000 crore corporate loan pipeline** — Canara Bank has a corporate loan pipeline totaling Rs 47,000 crore amid rising demand from Indian companies. The bank expects credit growth to remain above 19% year-on-year for the upcoming quarter. It reported significant growth in deposits and loans due to a strategy focused on non-resident Indian customers. Management anticipates maintaining a return on assets above 1% despite future provisioning requirements. — [Source](https://cfo.economictimes.indiatimes.com/news/strategy-operations/canara-bank-has-rs-47000-crore-corporate-loan-pipeline/134980922)
- 2026-10-16 — Economic Times: **Demand for bank loans rises amid hardening yields** — Canara Bank and Indian Bank reported a total corporate loan pipeline of ₹1.10 lakh crore between them. The banks are experiencing steady credit demand from corporate clients amid rising bond yields. Canara Bank expects to maintain around 19% credit growth, while Indian Bank targets a 14-15% growth rate. Both banks highlighted the importance of improving deposit growth to narrow the credit-deposit gap. — [Source](https://cfo.economictimes.indiatimes.com/news/strategy-operations/demand-for-bank-loans-rises-amid-hardening-yields/134980910)
- 2026-10-16 — Economic Times: **Demand for bank loans rises amid hardening yields** — Canara Bank and Indian Bank reported a total corporate loan pipeline of ₹1.10 lakh crore between them. The banks are experiencing steady credit demand from corporate clients amid rising bond yields. Canara Bank expects to maintain around 19% credit growth, while Indian Bank targets a 14-15% growth rate. Both banks highlighted the importance of improving deposit growth to narrow the credit-deposit gap. — [Source](https://economictimes.indiatimes.com/markets/bonds/demand-for-bank-loans-rises-amid-hardening-yields/articleshow/134979673.cms)
- 2026-10-15 — The Hindu: **Heritage Foods Q2 PAT down by 39% at ₹31 crore** — The average landed cost of milk procurement rose 11% year on year to ₹47.73 a litre, driven by sustained demand, limited improvement in arrivals, and higher feed and fodder costs — [Source](https://www.thehindubusinessline.com/economy/agri-business/heritage-foods-q2-pat-down-by-39-at-31-crore/article71588850.ece)
- 2026-10-15 — The Hindu: **Canara Bank expects to beat FY27 growth guidance, sees NIM improving** — Canara Bank aims to surpass FY27 growth guidance with rising NIM, strong NII, and deposit-led expansion. — [Source](https://www.thehindubusinessline.com/money-and-banking/canara-bank-expects-to-beat-fy27-growth-guidance-sees-nim-improving/article71588635.ece)
- 2026-10-15 — MONEYCONTROL: **Canara Bank sees limited margin boost from rate hike, no immediate plan to raise deposit rates** — Canara Bank, Brajesh Kumar, NIM, FCNR(B), rate hike — [Source](https://www.moneycontrol.com/news/business/banks/canara-bank-sees-limited-margin-boost-from-rate-hike-no-immediate-plans-to-raise-deposit-rates-14053128.html)
- 2026-10-15 — The Hindu: **Broker’s call: Canara Bank (Buy)** — PL Capital — [Source](https://www.thehindubusinessline.com/markets/brokers-call-canara-bank-buy/article71587748.ece)

## Business profile

**Strategic vision:** Public sector bank offering diverse financial services across India.

### Business segments
- **Personal Banking:** Offers banking services tailored for individual customers.
- **Corporate Banking:** Provides banking solutions and services for business clients.
- **Asset Management:** Manages mutual funds through its subsidiary, Canara Robeco Asset Management Company Ltd.
- **Life Insurance:** Offers life insurance products through its joint venture, Canara HSBC Life Insurance Company Ltd.

### Competitive strengths
- Pioneering innovations in the Indian banking sector.
- Extensive geographical reach across India.
- Established network of branches and ATMs.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/canbk
Markdown representation: https://faxioms.com/stocks/canbk?render=md