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1 day ago · Learn about Canara Bank's history and values with Canara Bank Profile. Explore our journey, mission, and commitment to providing banking services with integrity.
- About Us
Canara Bank has received the prestigious the “Banker’s Bank...
- About Us
1 day ago · Canara Bank has received the prestigious the “Banker’s Bank of the Year Award 2022” for the India segment at the Global Banking Summit, held in London, on 1st December 2022. Canara Bank has been ranked 1 st under the Digital Payment performance as on 31.03.2022 (i.e. FY 2021-22) by Ministry of Electronics & Information Technology (MeitY ...
In 1976, Canara Bank inaugurated its 1000th branch. In 1985, Canara Bank acquired Lakshmi Commercial Bank in a rescue. In 1996, Canara Bank became the first Indian Bank to get ISO certification for "Total Branch Banking" for its Seshadripuram branch in Bangalore. Canara Bank has now stopped opting for ISO certification of branches.
- Fundamental Analysis of Canara Bank – Company Overview
- Fundamental Analysis of Canara Bank – Financials
- Fundamental Analysis of Canara Bank – Future Plans
- Conclusion
Canara Bank which is into banking operations and is one of the major players with the premier position in the country. It was back in 1906 at Mangalore a visionary named Shri Ammembal Subba Rao Pai founded the Canara Bank in the state of Karnataka. The bank has been through different phases of transformation in its journey to reach the position of ...
Net Interest Income & Net Profit
The net interest income of the Canara Bank as shown in its financial statements saw growth from 26,384 crores in FY 2022 to 31,435 crores in FY2023 which resulted in year-on-year growth of 19.14%. On the other hand, the Net profits that are available for the equity shareholders stood at 10,604 as of FY 2023 which is a growth of 86.76% as compared to its previous year which was at 5678 crores.
Profit Margins
The Net interest margin of Canara Bank has been stagnant for the last three years ranging between 2.12% in FY21 to 2.38% in FY23. However, their net profits have been growing year on year from 3.84% in FY21 to 12.58% in FY23.
Return Ratios
Canara Bank delivered a Return on equity of 15% for its equity shareholders in FY 2023, which is 6% higher compared to its previous Financial year 2022 which was at 9%. The Return on Assets(ROA) stood at 0.81% as of FY 2023. On a 3-year basis, the Return on Equity ratio stood at 10.82%.
Canara Bank is a quick process to launch its new updated service which provides an End-to-end Digital Lending System, which is considered to be a new age practice.To keep its customer service updated with high-end quality, the bank is bringing in an option at the ATM where customers get an option to provide their feedback.Another great action of the bank is the introduction of UPI International Acquirer, using which customers will be able to make payments in countries that are identified by the National Payments Cor...Bank is also making its services by introducing UPI Lite Acquirer, a wallet that allows one to make payments (small value) up to Rs.200 even in the offline mode, highly helpful in the absence of a...We come to the end of the Fundamental Analysis Of Canara Bank after looking at its Industry overview, its operations, Fundamentals, and most importantly its plans. The bank being nationalized gets backed by the Government of India and the Reserve Bank of India(RBI). Risks and opportunities available in front of the Banks particularly in the Indian ...
While SBI towers over its PSU and private peers thanks to its immense asset base and presence, Bank of Baroda and Canara Bank delivered comparable or even better improvements across key...
- Rounak Jain
Mar 9, 2024 · Is Canara Bank A Good Buy For Long Term? Canara Bank's recent performance is a mixed bag. While its Q1-2024-25 results show a strong 8.79% increase in earnings year-over-year and a healthy profit margin of 26.32%, the company's significant debt of 72,973.41 Crore raises concerns.
Sep 27, 2023 · Key Takeaways: Canara Bank, established in 1906, has a vast network of branches and ATMs, offering a wide range of financial services and a strong global presence. With a focus on innovation and customer service, Canara Bank actively supports financial inclusion and has received numerous accolades for its exceptional performance and service.
