The bank has a market share of 6.2% and 6.5% in net advances and total deposits, respectively. Key financial metrics include CARA at 16.28%, Net Interest Margin at 3.05%, and Gross NPA at 4.23%. The bank demonstrates solid operational efficiency with competitive positioning among public sector banks.
Cyborg Score Rationale
Return on equity (ROE) is 17.71%. Earnings increased 14.80% year-over-year. The bank shows stable growth, strong capital ratios, and positive analyst sentiment, though modest valuation multiples suggest conservative positioning.
Top Insights
Canara Bank delivered a strong performance in the first quarter of FY26, with net profit rising 21.6% year-on-year to Rs 4,752 crore.
Ind-Ra affirmed Canara Bank IND AAA/Stable rating.
The trailing PE ratio is 5.22 and the forward PE ratio is 5.50.
The stock pays an annual dividend of 4.00, which amounts to a dividend yield of 4.10%.
Named Competitors
SBI — India's largest public sector bank
Indian Bank — Public sector bank with national presence
Bank of Baroda — Major PSU bank with international operations
Recent Developments
(February 2026) Ind-Ra affirmed Canara Bank IND AAA/Stable rating and assigned IND AA+ to AT1 instruments
(January 2026) UBS initiated coverage with buy rating on Canara Bank
(October 2025) Canara HSBC Life Insurance announced IPO with Rs 10,000 crore valuation target
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