# CANBK (CANBK) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹123.5
- Change: -0.32%
- As of: 2026-09-18
- 1D return: -0.10%
- 5D return: -0.66%
- 1M return: -4.49%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, CANBK is trading at ₹123.78, exhibiting a mixed technical stance across different timeframes. Daily indicators suggest a bearish trend, with the price below key moving averages like the 20-day EMA (₹125.4) and 50-day SMA (₹127.16), and the Supertrend indicator at ₹129.69 pointing downwards. This is further supported by weekly indicators also showing a bearish trend, with the price below the 20-week EMA (₹129.43) and 50-week SMA (₹137.33). However, the monthly timeframe presents a conflicting bullish signal, with the price above the 20-month EMA (₹123.5) and the Supertrend indicator at ₹105.49 indicating an uptrend. Recent daily patterns include an active Doji and Inside Bar, suggesting potential consolidation or indecision.

The stock is currently positioned near its nearest resistance level at ₹123.84 (a pivot point), approximately 0.05% above the current price. Key support is observed at ₹122.54, about 1.0% below the current price. The stock's recent performance shows a Year-to-Date return of -0.20 and a return since inception of 0.23. Volatility is noted with an annualized volatility of 0.3 and a current drawdown of -0.22. The recent anomaly on September 10, 2026, showed high participation with no clear direction, indicating significant trading activity without a decisive price move.

- Daily and weekly timeframes indicate a bearish trend, while the monthly timeframe shows a bullish trend.
- Nearest resistance is at ₹123.84 (0.05% above current price), and nearest support is at ₹122.54 (1.0% below current price).
- Active daily patterns include Doji and Inside Bar, suggesting potential short-term indecision.
- Watch for a sustained break above ₹123.84 to challenge higher resistance levels, or a move below ₹122.54 to test further support.

- Doji
- Inside Bar
- Harami
- Outside Bar
- Bullish Engulfing Reversal

### News Context

In the week ending September 18, 2026, Canara Bank was involved in a regulatory action concerning its life insurance joint venture. The Insurance Regulatory and Development Authority of India (IRDAI) imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company for mis-selling a deferred annuity policy. The IRDAI found lapses in the sale and verification process for a policy sold to an 88-year-old customer, leading to a refund of ₹4.09 lakh to the policyholder. Separately, public sector bank stocks, including those of banks like SBI and PNB, experienced positive reactions to rumors of a merger, which were later debunked by the government as false.

- On September 16, 2026, IRDAI imposed a ₹1 crore fine on Canara HSBC Life Insurance Company for mis-selling a policy to an 88-year-old customer, resulting in a ₹4.09 lakh refund.
- On September 17, 2026, reports indicated that banks in Karnataka would offer financial relief to farmers in 101 drought-hit taluks.
- On September 17 and 18, 2026, public sector bank stocks reacted positively to unconfirmed merger rumors, which the government subsequently denied as false on September 17, 2026.

- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- Banks to offer financial respite to farmers in 101 drought-hit taluks in Karnataka
- 'Fake': Centre debunks viral gazette on merger of 9 public sector banks
- SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?
- He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-selling

### What Changed

On September 17, 2026, Canara Bank's credit ratings for its US$3 billion Medium Term Note Programme were confirmed by Fitch Ratings. This confirmation followed an update to the programme documentation and considered financial statements up to June 30, 2026. The ratings assigned were a Senior Unsecured Long-Term Rating of 'BBB-' and a Senior Unsecured Long-Term Rating (xgs) of 'BB(xgs)', with Fitch indicating no expected downgrade or withdrawal due to the update. Separately, recent news highlighted that public sector bank stocks, including Canara Bank, reacted positively to rumors of a merger, which the government later confirmed to be false. Additionally, banks in Karnataka, including Canara Bank, are set to offer financial relief to farmers in drought-affected areas. As of September 18, 2026, the stock price was ₹123.78, a slight decrease from its previous price of ₹123.9.

- On September 17, 2026, Fitch Ratings confirmed Canara Bank's credit ratings for its US$3 billion Medium Term Note Programme as 'BBB-' (Senior Unsecured Long-Term) and 'BB(xgs)' (Senior Unsecured Long-Term xgs).
- The rating confirmation on September 17, 2026, was based on an update to programme documentation and financial statements up to June 30, 2026.
- News on September 18, 2026, indicated that public sector bank stocks experienced a positive reaction to unconfirmed merger rumors, which the government later debunked.
- Banks, including Canara Bank, are participating in a financial relief package for farmers in 101 drought-hit taluks in Karnataka.
- Canara Bank's stock price was ₹123.78 on September 18, 2026, compared to ₹123.9 previously.

- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- Banks to offer financial respite to farmers in 101 drought-hit taluks in Karnataka
- Canara Bank has informed the Exchange regarding 'Ratings by Fitch Ratings - Rating Confirmation regarding ratings of Canara Bank s US$3,000,000,000 Medium Term Note Programme'. |SUBJECT: Updates
- Credit rating |SUBJECT: Credit rating

### Official Filings

Canara Bank's recent disclosures highlight its engagement in capital raising and debt management activities. On September 16, 2026, the bank successfully bid for Basel III compliant Additional Tier 1 bonds totaling ₹2,042 crore on the NSE EBP platform. These bonds, with a coupon rate of 8.10%, are set to be listed on the NSE, with allotment and pay-in scheduled for September 18, 2026. This issuance aims to bolster the bank's capital base. Concurrently, on September 15, 2026, Canara Bank received approval from the Reserve Bank of India to exercise a call option on its Basel III Additional Tier I bonds (ISIN: INE476A08126) with a principal amount of ₹1,500 crore, and is proceeding with the redemption. The bank also confirmed timely payment of annual interest, amounting to ₹159.80 crore, on its other Basel III compliant Additional Tier I bonds (ISIN: INE476A08183) on September 15, 2026. In a separate development, Fitch Ratings confirmed the credit ratings for Canara Bank's US$3 billion Medium Term Note Programme on September 17, 2026, assigning a Senior Unsecured Long-Term Rating of 'BBB-' and a Senior Unsecured Long-Term Rating (xgs) of 'BB(xgs)', indicating stability in the bank's long-term debt program.

- On September 16, 2026, Canara Bank conducted bidding for Additional Tier 1 bonds worth ₹2,042 crore, with a coupon rate of 8.10%.
- On September 15, 2026, the bank received RBI approval to exercise a call option on ₹1,500 crore of Basel III Additional Tier I bonds and is proceeding with redemption.
- On September 15, 2026, Canara Bank paid ₹159.80 crore in annual interest on its Basel III compliant Additional Tier I bonds (ISIN: INE476A08183).
- On September 17, 2026, Fitch Ratings confirmed the credit ratings for Canara Bank's US$3 billion Medium Term Note Programme, affirming a 'BBB-' Senior Unsecured Long-Term Rating.

- Canara Bank has informed the Exchange regarding 'Ratings by Fitch Ratings - Rating Confirmation regarding ratings of Canara Bank s US$3,000,000,000 Medium Term Note Programme'. |SUBJECT: Updates
- Credit rating |SUBJECT: Credit rating
- Updates |SUBJECT: Updates
- Canara Bank has informed the Exchange regarding update on Issue of Additional Tier I Bonds. |SUBJECT: Updates
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Canara Bank has informed the Exchange regarding 'Credit confirmation of Annual Interest Payment'. |SUBJECT: Updates
- Updates |SUBJECT: Updates
- Canara Bank has informed the Exchange regarding 'Exercising of Call Option of Basel III Compliant Additional Tier I Bond(ISIN: INE476A08126)-RBI Approval'. |SUBJECT: Updates
- Canara Bank has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication
- Canara Bank has informed the Exchange about strikes/lockouts/disturbances |SUBJECT: Strikes/Lockouts/Disturbances

### Fundamentals

Canara Bank's operating performance showed a notable increase in revenue from interest earned between Q3 FY2025-26 and Q1 FY2026-27, rising from ₹30,937.71 crore to ₹32,957.16 crore. This was accompanied by a significant surge in other income, which more than tripled from ₹2,151.65 crore in Q3 FY2025-26 to ₹6,738.55 crore in Q1 FY2026-27. Despite a rise in interest expended from ₹22,708.79 crore to ₹22,737.40 crore over the same periods, the growth in interest earned and other income contributed to an increase in operating profit before provisions and contingencies. This metric recovered to ₹8,646.94 crore in Q1 FY2026-27, after a dip to ₹6,635.88 crore in Q4 FY2025-26, surpassing the ₹8,796.09 crore reported in Q3 FY2025-26. Employee costs also saw a sequential increase from ₹4,508.12 crore in Q3 FY2025-26 to ₹5,094.68 crore in Q1 FY2026-27.

- Interest Earned increased from ₹30,937.71 crore in Q3 FY2025-26 to ₹32,957.16 crore in Q1 FY2026-27.
- Other Income saw a substantial rise, from ₹2,151.65 crore in Q3 FY2025-26 to ₹6,738.55 crore in Q1 FY2026-27.
- Operating Profit Before Provision And Contingencies was ₹8,796.09 crore in Q3 FY2025-26, ₹6,635.88 crore in Q4 FY2025-26, and ₹8,646.94 crore in Q1 FY2026-27.
- Interest Expended was ₹22,708.79 crore in Q3 FY2025-26, ₹22,024.35 crore in Q4 FY2025-26, and ₹22,737.40 crore in Q1 FY2026-27.
- Employees Cost rose from ₹4,508.12 crore in Q3 FY2025-26 to ₹5,094.68 crore in Q1 FY2026-27.

### Bull Case

The company's monthly technical trend shows a constructive signal, with the supertrend indicator in a bullish direction as of the monthly timeframe. This suggests a potentially positive long-term outlook based on this specific technical indicator. However, the daily and weekly technical trends are currently in a bearish direction, indicating short-to-medium term caution.

- Monthly technical trend shows a bullish supertrend direction.
- Daily and weekly technical trends are in a bearish direction.

- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- Banks to offer financial respite to farmers in 101 drought-hit taluks in Karnataka
- 'Fake': Centre debunks viral gazette on merger of 9 public sector banks
- SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?
- He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-selling

### Bear Case

The company's stock is exhibiting cautionary technical signals, with daily and weekly trends indicating a bearish sentiment. The daily trend shows the closing price below key moving averages like the 20-day and 50-day Exponential Moving Averages (EMA) and Simple Moving Averages (SMA), with negative slopes suggesting downward momentum. The Super Trend indicator on the daily chart is also in a bearish direction. Furthermore, the stock has experienced a notable drawdown of -22%, with a maximum drawdown of -24% observed, indicating significant price depreciation from recent highs. Recent returns also show a decline, with a year-to-date return of -20% and a 6-month return of -10%. A regulatory action against Canara HSBC Life Insurance Company, a subsidiary, resulted in a ₹1 crore penalty for mis-selling a policy, alongside a refund of ₹4.09 lakh to the customer, highlighting potential operational or compliance risks.

- Daily technical indicators, including EMAs, SMAs, and Super Trend, signal a bearish trend as of September 18, 2026.
- The stock has experienced a current drawdown of -22% and a maximum drawdown of -24%.
- Year-to-date returns are -20%, and 6-month returns are -10% as of September 18, 2026.
- Canara HSBC Life Insurance Company was fined ₹1 crore by IRDAI for mis-selling a policy, with a refund of ₹4.09 lakh ordered.

- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- Banks to offer financial respite to farmers in 101 drought-hit taluks in Karnataka
- 'Fake': Centre debunks viral gazette on merger of 9 public sector banks
- SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?
- He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-selling

### FAQs

**What was the outcome of Canara Bank's Additional Tier 1 bond issuance on September 16, 2026?**

On September 16, 2026, Canara Bank conducted bidding for its Basel III compliant Additional Tier 1 bond issuance, raising ₹2,042 crore. The issuance comprised 2,042 unsecured, subordinated, listed, rated, non-convertible, perpetual, fully-paid-up, taxable bonds with a face value of ₹1 crore each. The bank received 111 bids in total, with a coupon rate of 8.10%. The bonds are proposed for listing on the NSE, with the deemed date of allotment and pay-in date set for September 18, 2026.

**What credit ratings did Fitch Ratings confirm for Canara Bank's Medium Term Note Programme on September 17, 2026?**

On September 17, 2026, Fitch Ratings confirmed the credit ratings for Canara Bank's US$3 billion Medium Term Note Programme. The agency assigned a Senior Unsecured Long-Term Rating of 'BBB-' and a Senior Unsecured Long-Term Rating (xgs) of 'BB(xgs)'. Fitch noted that an update to the programme documentation would not result in a withdrawal or downgrade of these ratings.

**What recent news relates to potential misinformation impacting public sector bank stocks?**

Recent news highlighted that a fake document, purportedly from the Ministry of Finance, claiming a merger of nine public sector banks was circulating online. The government confirmed this document was not authentic, urging caution. Despite the misinformation, public sector bank stocks, including Canara Bank, reacted positively to the rumors.

**What regulatory action was taken against Canara HSBC Life Insurance Company regarding a mis-sold policy?**

The Insurance Regulatory and Development Authority of India (IRDAI) imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company for mis-selling a deferred annuity policy. The policy was sold to an 88-year-old customer who had banked with Canara Bank for 31 years. IRDAI found lapses in the sale and verification process, leading to a refund of ₹4.09 lakh to the customer and the fine against the insurer.

**How has Canara Bank's stock performed over different periods ending September 18, 2026?**

As of September 18, 2026, Canara Bank's stock has shown the following returns: a 7% return over the last year, a -20% year-to-date return, a -4% return over the last month, and a -8% return over the last three months. Since the start of trading, the stock has returned 23%.

- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- Banks to offer financial respite to farmers in 101 drought-hit taluks in Karnataka
- 'Fake': Centre debunks viral gazette on merger of 9 public sector banks
- SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?
- He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-selling
- Canara Bank has informed the Exchange regarding 'Ratings by Fitch Ratings - Rating Confirmation regarding ratings of Canara Bank s US$3,000,000,000 Medium Term Note Programme'. |SUBJECT: Updates
- Credit rating |SUBJECT: Credit rating
- Updates |SUBJECT: Updates
- Canara Bank has informed the Exchange regarding update on Issue of Additional Tier I Bonds. |SUBJECT: Updates
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹123.84
- Risk regime: Price Risk Requires Attention

### Support levels
- 121.79
- 114.875
- 111.21

### Resistance levels
- 130.71
- 139.049375
- 150.5775

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.10% |
| return_10 | -1.61% |
| return_1m | -4.12% |
| return_1y | +7.25% |
| return_20 | -4.49% |
| return_3m | -8.29% |
| return_5 | -0.66% |
| return_6m | -9.98% |
| return_since_start | +23.31% |
| return_ytd | -19.75% |

### 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 | -23.77% |
| annualized_volatility | +29.54% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Asset quality shows continued reduction in gross non-performing assets as capital adequacy rises and profitability remains flat

Canara Bank’s first quarter of FY2026-27 showed little change in overall profitability compared to the same quarter last year. The balance sheet position shifted, with gross non-performing assets falling to their lowest level in the five-quarter period and the Common Equity Tier 1 ratio rising sharply. Net profit after tax was nearly flat, while earnings per share increased substantially, a movement that is not reconciled by the unchanged equity share capital.

## Profitability: Core interest income growth offset by lower other income

Net interest income, the difference between interest earned and interest expended, increased 7.2% to ₹10,219.76 crore from ₹9,530.82 crore a year earlier. Interest earned grew 4.6% to ₹32,957.16 crore, while interest expended rose 3.4% to ₹22,737.40 crore.

Other income fell 32.1% to ₹6,738.55 crore from ₹9,918.53 crore. This decline was partly offset by a reduction in operating expenses. Employee costs rose 2.0% to ₹5,094.68 crore, but other operating expenses dropped 44.4% to ₹3,216.69 crore. Total operating expenses fell 22.9% to ₹8,311.37 crore.

The combination of higher net interest income, lower other income, and lower operating expenses left operating profit before provisions nearly unchanged at ₹8,646.94 crore, a marginal decline of 0.2% from ₹8,667.31 crore.

Net profit after tax edged up 0.6% to ₹4,864.08 crore from ₹4,836.21 crore. Provisions other than tax declined 11.8% to ₹2,080.05 crore, while tax expense increased 15.7% to ₹1,702.81 crore, largely offsetting each other. On a sequential basis, net profit rose 11.0% from ₹4,380.78 crore in the previous quarter.

## Asset quality: Continued reduction in gross non-performing assets

Gross non-performing assets fell to ₹20,363.77 crore, down 31.1% from ₹29,535.08 crore a year ago and 10.5% lower than ₹22,749.44 crore in the preceding quarter. The gross non-performing asset ratio declined to 1.57% from 2.69% a year earlier and 1.84% in the previous quarter. This continues a steady decline in both the absolute level and the ratio over the past five quarters.

## Capital adequacy: A sharp increase in the CET1 ratio

The Common Equity Tier 1 ratio rose to 17.18% from 12.47% in the prior quarter, an increase of 4.7 percentage points. This is a significant one-quarter move, as the ratio had been stable between 12.3% and 12.5% over the previous four quarters. Equity share capital remained unchanged at ₹1,814.13 crore, so the increase reflects a change in either the Common Equity Tier 1 capital numerator, the risk-weighted assets denominator, or both.

## Earnings per share: Divergence from net profit growth

Basic earnings per share rose 62.2% to ₹5.71 from ₹3.52 a year earlier. Over the same period, net profit after tax increased only 0.6%, and paid-up equity share capital was unchanged at ₹1,814.13 crore. The sharp rise in earnings per share, far outpacing net profit growth, indicates that the profit measure or number of shares used in the earnings per share calculation differed from the reported net profit and equity capital.

## Key Takeaway

Canara Bank’s first quarter was marked by a shift in balance sheet metrics, with gross non-performing assets falling and the capital adequacy ratio rising sharply. Core net interest income grew, but a significant decline in other income, partly offset by lower operating expenses, kept operating profit and net profit nearly flat compared to the same quarter last year. Earnings per share rose sharply, a divergence from the nearly flat net profit that is not reconciled by the unchanged equity capital.

### Ratios

## Official filings

- 2026-09-17 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_17092026180623_LettertoSE17092026.pdf)
- 2026-09-17 — Credit Rating Update: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_17092026180943_LettertoSE17092026.pdf)
- 2026-09-16 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_16092026200649_signed.pdf)
- 2026-09-16 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_16092026200954_signed.pdf)
- 2026-09-15 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_15092026153709_Interestpayment.pdf)
- 2026-09-15 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_15092026154610_Interestpayment.pdf)
- 2026-09-15 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_15092026165228_Calloption.pdf)
- 2026-09-15 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_15092026165357_Calloption.pdf)
- 2026-09-10 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_10092026152117_LettertoSEs.pdf)
- 2026-09-10 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_10092026170238_Lettertose10092026.pdf)
- 2026-09-10 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_2032_WebXMLFile_20260910_170713835.xml)
- 2026-09-08 — Credit Rating Update: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_08092026190334_Ratingletter.pdf)
- 2026-09-08 — Credit Rating Update: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_08092026190121_Ratingletter.pdf)
- 2026-09-04 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_04092026134716_LettertoSE04092026.pdf)
- 2026-09-04 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_04092026135215_LettertoSE04092026.pdf)
- 2026-09-04 — Credit Rating Update: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_04092026154444_CreditRating.pdf)
- 2026-09-04 — Credit Rating Update: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_04092026154847_CreditRating.pdf)
- 2026-09-03 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_03092026123721_LettertoSE03092026.pdf)
- 2026-09-03 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_2032_WebXMLFile_20260903_174230282.xml)
- 2026-09-03 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_03092026192021_LettertoSE03092026.pdf)
- 2026-09-03 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/CANBK_03092026191835_LettertoSE03092026.pdf)
- 2026-09-01 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_01092026155917_Letter.pdf)
- 2026-09-01 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_01092026182123_LettertoSESd.pdf)
- 2026-09-01 — Generic Announcement: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2032_WebXMLFile_20260901_182302052.xml)
- 2026-09-01 — Management Change: Canara Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CANBK_ROID_97655_KMP_Doc.zip)

## News and market events

- 2026-09-18 — DECCANCHRONICLE.COM: **Banks Urged To Boost Farm Lending As Guntur Credit Plan Approved** — District Collector C.M. Saikanth Varma said ₹36,400 crore of the total plan had been earmarked for priority sectors and ₹18,615 crore for non-priority sectors. — [Source](https://www.deccanchronicle.com/southern-states/andhra-pradesh/banks-urged-to-boost-farm-lending-as-guntur-credit-plan-approved-1988530)
- 2026-09-18 — Mint: **SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?** — A fake document claiming a merger of public sector banks, purportedly issued by the Ministry of Finance, has been circulating online. The government confirmed it is not authentic, urging caution in verifying such claims, as PSU bank stocks react positively to the rumors. — [Source](https://www.livemint.com/market/stock-market-news/psu-bank-merger-sbi-pnb-to-bank-of-maharashtra-why-are-psu-bank-stocks-rising-today-11789704328894.html)
- 2026-09-17 — The Hindu: **Banks to offer financial respite to farmers in 101 drought-hit taluks in Karnataka** — Banks in Karnataka will provide a relief package for farmers in 101 drought-hit taluks, ensuring timely financial support and credit. — [Source](https://www.thehindu.com/news/national/karnataka/banks-to-offer-financial-respite-to-farmers-in-101-drought-hit-taluks-in-karnataka/article71473412.ece)
- 2026-09-17 — BUSINESSTODAY: **'Fake': Centre debunks viral gazette on merger of 9 public sector banks** — public sector bank mergers, fake gazette, PIB Fact Check, Finance Ministry India, State Bank of India, Punjab National Bank, Bank of Baroda, social media misinformation, PSU banks — [Source](https://www.businesstoday.in/india/story/fake-centre-debunks-viral-gazette-on-merger-of-9-public-sector-banks-556026-2026-09-17)
- 2026-09-16 — MONEYCONTROL: **SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?** — Bank merger, PSBs merger, Public Sector Bank merger, PIB Fact Check fake bank merger — [Source](https://www.moneycontrol.com/news/india/sbi-pnb-bank-of-baroda-did-centre-order-merger-of-9-public-sector-banks-14031414.html)
- 2026-09-16 — Economic Times: **He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-selling** — IRDAI has imposed a ₹1 crore penalty on Canara HSBC Life Insurance Company over the sale of a deferred annuity policy to an 88-year-old customer who had been banking with Canara Bank for 31 years. The policy required ₹2 lakh annual premiums for four years and named his 57-year-old daughter as the annuitant. IRDAI found several lapses in the sale and verification process. The insurer refunded ₹4.09 lakh to the customer. — [Source](https://economictimes.indiatimes.com/news/new-updates/he-trusted-canara-bank-for-31-years-then-was-sold-a-life-insurance-plan-that-pays-at-age-93-irdai-orders-rs-4-lakh-refund-and-1-crore-fine-for-misselling-policy/articleshow/134279762.cms)
- 2026-09-16 — FREEPRESSJOURNAL.IN: **HSBC, ICICI Bank Lead GIFT City Lending Drive As Lenders Attract Record NRI Forex Deposits** — HSBC and ICICI Bank emerged as the biggest lenders under the RBI’s foreign-currency deposit swap programme in GIFT City, disbursing $19.3 billion. The initiative attracted record overseas Indian deposits, boosted banking activity and strengthened GIFT City’s position as an international financial hub. Regulators expect further growth in wealth management services — [Source](https://www.freepressjournal.in/business/hsbc-icici-bank-lead-gift-city-lending-drive-as-lenders-attract-record-nri-forex-deposits)
- 2026-09-16 — Times of India: **Top banks to get lion's share of UPI fees** — India Business News: Mumbai: Banks with the largest number of bank accounts will be the biggest gainers as they will receive the lion's share of the fees. While third-part. — [Source](https://timesofindia.indiatimes.com/business/india-business/top-banks-to-get-lions-share-of-upi-fees/articleshow/134275904.cms)
- 2026-09-16 — MONEYCONTROL: **HSBC, ICICI Bank lead GIFT City’s NRI lending boom with $19.3 billion** — HSBC GIFT City, ICICI Bank GIFT City, GIFT City NRI loans, RBI FCNR swap facility, FCNR(B) deposits, NRI deposits India, IFSCA banking data, GIFT City banking assets, India foreign exchange inflows, GIFT City financial hub — [Source](https://www.moneycontrol.com/banking/hsbc-icici-bank-lead-gift-city-s-nri-lending-boom-with-19-3-billion-article-14030692.html)
- 2026-09-15 — MONEYCONTROL: **UPI fees on merchant payments could generate Rs 1,800 crore a month** — UPI MDR above Rs 2000, merchant discount rate UPI transactions, UPI fee banks payments apps 1800 crore, high value P2M UPI transactions, securities brokers UPI ticket size, HDFC Bank highest average UPI ticket, UPI monetization payment settlement systems act, zero MDR regime revision India, small merchant UPI exemption, Moneycontrol UPI MDR analysis. — [Source](https://www.moneycontrol.com/news/business/economy/upi-fees-on-merchant-payments-could-generate-rs-1-800-crore-a-month-14030346.html)
- 2026-09-15 — News18: **Need A Personal Loan At A Low Interest Rate? Check What SBI, ICICI, HDFC And Axis Bank Are Offering** — Planning to take a personal loan? Check the latest starting interest rates offered by major private and public-sector banks, and know what determines the rate you actually get — [Source](https://www.news18.com/photogallery/business/savings-and-investments/need-a-personal-loan-at-a-low-interest-rate-check-what-sbi-icici-hdfc-and-axis-bank-are-offering-shil-ws-l-10330499.html)
- 2026-09-15 — BUSINESSTODAY: **BEML, Supreme Petro, Heritage Foods: Top stocks to buy for short-term gains; check target prices** — Stocks to buy, Stocks in news, Stocks in buzz, Stocks to watch, Trading ideas, Stock trading ideas, Heritage Foods, Venky's India, Supreme Petrochem, BEML, Heritage Foods shares, Venky's shares, Supreme Petro shares, BEML shares, Heritage Foods share price, Venky's share price, Supreme Petro share price, BEML share price, Heritage Foods stock price, Venky's stock price, Supreme Petro stock price, BEML stock price, Heritage Foods target price, Venky's target price, Supreme Petro target price, BEML target price — [Source](https://www.businesstoday.in/markets/stocks/story/beml-supreme-petro-heritage-foods-top-stocks-to-buy-for-short-term-gains-check-target-prices-555508-2026-09-15)
- 2026-09-14 — MONEYCONTROL: **Why insolvency regulator wants to assign ‘nil’ vote share to related parties in insolvency process?** — subhash chandra, zee nclt case, subhash chandra zee nclt repayment, insolvency and bankruptcy laws, IBBI — [Source](https://www.moneycontrol.com/news/business/companies/why-insolvency-regulator-wants-to-assign-nil-vote-share-to-related-parties-in-insolvency-process-14029630.html)
- 2026-09-13 — Economic Times: **Vi eyes ₹35,000-crore loan to fund next decade's capex** — Vodafone Idea is arranging a significant loan to fund its capital expenditures. State Bank of India has approved a substantial portion of this ₹35,000-crore term loan. Other public and private sector banks are expected to join the lending consortium soon. The company needs ₹60,000 crore for service upgrades, with the balance from internal accruals. Kumar Mangalam Birla's continued chairmanship is a condition for this long-term financing. — [Source](https://economictimes.indiatimes.com/industry/telecom/telecom-news/vi-eyes-35000-crore-loan-to-fund-next-decades-capex/articleshow/134220187.cms)
- 2026-09-11 — Economic Times: **Canara HSBC Life fined Rs 1 crore for mis-selling policy to 88-yr-old via Canara Bank** — Canara HSBC Life Insurance Company received a ₹1 crore penalty from IRDAI. The fine was imposed for mis-selling a deferred annuity policy to an 88-year-old individual. IRDAI identified several procedural and disclosure deficiencies in the sales process. The insurer subsequently refunded ₹4.09 lakh to the affected customer. This action highlights regulatory scrutiny over insurance sales practices. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/canara-hsbc-life-fined-rs-1-crore-for-mis-selling-policy-to-88-yr-old-via-canara-bank/articleshow/134025997.cms)
- 2026-09-11 — Times of India: **Banking services hit as staff join nationwide strike to get 5-day work week** — Assam banking services disrupted as UFBU strike demands 5-day work week, Saturday holidays, and action on PLI, wages and pensions; more strikes threatened. — [Source](https://timesofindia.indiatimes.com/city/guwahati/banking-services-hit-as-staff-join-nationwide-strike-to-get-5-day-work-week/articleshow/134082702.cms)
- 2026-09-11 — FREEPRESSJOURNAL.IN: **IRDAI Fines Canara HSBC Life ₹1 Crore For Mis-Selling Policy To 88-Year-Old** — IRDAI has imposed a Rs 1 crore penalty on Canara HSBC Life Insurance Company for mis-selling a deferred annuity policy to an 88-year-old customer. The regulator found lapses in product suitability, disclosures, verification and internal controls. The action followed suo motu proceedings after a social media post highlighted the case. — [Source](https://www.freepressjournal.in/business/irdai-fines-canara-hsbc-life-1-crore-for-mis-selling-policy-to-88-year-old)
- 2026-09-11 — IANSLIVE.IN: **IRDAI imposes Rs 1 crore penalty on Canara HSBC Life over mis-selling policy to 88-year-old** — New Delhi, Sep 11 (IANS) The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs 1 crore on Canara HSBC Life Insurance Company Limited for mis-selling a life insurance policy to an 88-year-old customer. — [Source](https://ianslive.in/irdai-imposes-rs-1-crore-penalty-on-canara-hsbc-life-over-mis-selling-policy-to-88-year-old--20260911211716)
- 2026-09-11 — The Hindu: **Can Fin Homes to invest ₹300 cr in digital transformation platform TEJAS** — Can Fin Homes, a public housing finance company promoted and sponsored by Canara Bank in 1987, on Friday announced a significant ramp-up in technology adoption to further enhance customer service and make its lending operations more effective and safer. — [Source](https://www.thehindu.com/news/national/karnataka/can-fin-homes-to-invest-300-cr-indigital-transformation-platform-tejas/article71457117.ece)
- 2026-09-11 — The Hindu: **Bank employees stage protest** — Bank employees stage protest — [Source](https://www.thehindu.com/news/cities/madurai/bank-employees-stage-protest/article71456960.ece)
- 2026-09-11 — The Hindu: **IRDAI imposes ₹1 cr penalty on Canara HSBC Life for mis-selling policy to 88-year-old** — IRDAI fines Canara HSBC Life ₹1 crore for mis-selling a policy to an 88-year-old, violating age and suitability regulations. — [Source](https://www.thehindu.com/business/industry/irdai-imposes-1-cr-penalty-on-canara-hsbc-life-for-mis-selling-policy-to-88-year-old/article71456959.ece)
- 2026-09-11 — Mint: **₹1 crore fine penalty: Why did IRDAI penalise Canara HSBC for mis-selling insurance to an 88-year old? What went wrong | Mint** — The regulator flagged several shortcomings in the sale, including failures related to product suitability, solicitation, disclosures and the insurer’s internal controls. — [Source](https://www.livemint.com/money/personal-finance/rs-1-crore-fine-penalty-why-did-irdai-penalise-canara-hsbc-for-mis-selling-insurance-to-an-88-year-old-what-went-wrong-11789135136562.html)
- 2026-09-11 — Times of India: **Banking services disrupted nationwide as employees demand five-day workweek and wage resolution** — NEW DELHI: Banking services, particularly at public sector banks, were affected across several states on Friday as employees and officers joined a nat. — [Source](https://timesofindia.indiatimes.com/city/delhi/banking-services-disrupted-nationwide-as-employees-demand-five-day-workweek-and-wage-resolution/articleshow/134058293.cms)
- 2026-09-11 — MONEYCONTROL: **IRDAI fines Canara HSBC Life Rs 1 crore over mis-selling policy to 88-year-old** — IRDAI penalty Canara HSBC Life, Canara HSBC Life mis-selling, IRDAI ₹1 crore penalty, insurance mis-selling case, Canara HSBC Life Insurance, 88-year-old policyholder, IRDAI insurance order, life insurance mis-selling, senior citizen insurance policy, Bima-ASBA facility — [Source](https://www.moneycontrol.com/news/business/personal-finance/irdai-fines-canara-hsbc-life-rs-1-crore-over-mis-selling-policy-to-88-year-old-14027843.html)
- 2026-09-11 — BUSINESS: **Market under pressure; PSU bank shares decline** — PSU Bank shares declined after advancing in the past trading session. — [Source](https://www.business-standard.com/markets/capital-market-news/market-under-pressure-psu-bank-shares-decline-126091100527_1.html)

## 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: 2026-09-18
- Source: Faxioms public stock analysis API

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