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The bank's global business grew 15.83% YoY to Rs 30,70,928 crore as of 30 September 2026, compared with Rs 26,51,322 crore as of 30 September 2025.
Global deposits increased 13.13% YoY to Rs 16,97,195 crore, while global advances rose 6.21% YoY to Rs 13,73,733 crore during the period.
Canara Bank is a public sector bank. As on 30 June 2026, the bank had 10,131 branches, out of which 3,211 were rural branches, 3033 were semi-urban branches, 1994 were urban branches & 1893 were metro branches, along with 11,047 ATM & recycler. The bank also has 4 overseas branches in London, New York, Dubai & IBU Gift City Branch.
The bank reported 2.19% increase in net profit to Rs 4,856 crore on a 4.26% rise in total income to Rs 39,684 crore in Q1 FY27 as compared with Q1 FY26.
PSU Bank shares declined after advancing in the past trading session.
At 12:25 IST, the barometer index, the S&P BSE Sensex declined 427.78 points or 0.58% to 74,477.91. The Nifty 50 index declined 140.10 points or 0.60% to 23,338.50.
In the broader market, the BSE 150 MidCap Index fell 0.52% and the BSE 250 SmallCap Index dropped 0.59%.
The market breadth was negative. On the BSE, 1,474 shares rose and 2,651 shares fell. A total of 256 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 4.23% to 12.30. The Nifty 29 September 2026 futures were trading at 23,399.20 at a premium of 60.7 points as compared with the spot at 23,338.50.
The Nifty option chain for the 29 September 2026 expiry showed a maximum call OI of 85.7 lakh contracts at the 24,000 strike price. A maximum put OI of 61.8 lakh contracts was seen at the 24,000 strike price.
Buzzing Index:
The Nifty PSU Bank index declined 0.87% to 8,329.05. The index rose 0.01% in the past trading session.
Bank of India (down 1.48%), State Bank of India (down 1.33%), Indian Bank (down 1.24%), Canara Bank (down 0.96%), Bank of Baroda (down 0.53%), Union Bank of India (down 0.49%), Central Bank of India (down 0.39%) and Punjab & Sind Bank (down 0.13%) declined.
Stock in Spotlight:
Diamond Power Infrastructure rose 2.27% after the company announced that it had completed its exit from the resolution framework under the Insolvency and Bankruptcy Code (IBC). The company said it has prepaid the entire Rs 501 crore cash consideration payable to its erstwhile lenders under the NCLT-approved resolution plan, along with redeemable bonds worth Rs 1,900 crore. The cash component was originally payable over five years, with the final instalment due on 30 September 2027. The company said it discharged the cash obligation in September 2026, one year ahead of schedule.
Issuer Rating - IND AAA/ Stable (reaffirmed) Basel III AT1 Bonds (Rs 4,500 crore) - IND AA+/Stable (assigned) Infrastructure Bonds (Rs 10,000 crore) - IND AAA/ Stable (reaffirmed) Basel III Tier 2 Instruments (Rs 9,500 crore) - IND AAA/ Stable (reaffirmed) Basel III AT 1 Bonds (Rs 12,000 crore) - IND AAA/ Stable (reaffirmed)
Canara Bank is down for a fifth straight session today. The stock is quoting at Rs 128.48, down 0.48% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.46% on the day, quoting at 24043.1. The Sensex is at 76859.21, down 0.49%.Canara Bank has lost around 0.26% in last one month.Meanwhile, Nifty Bank index of which Canara Bank is a constituent, has eased around 1.55% in last one month and is currently quoting at 57262.4, down 0.37% on the day. The volume in the stock stood at 45.77 lakh shares today, compared to the daily average of 209.93 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 128.64, down 0.29% on the day. Canara Bank jumped 14.43% in last one year as compared to a 4.02% slide in NIFTY and a 2.42% spurt in the Nifty Bank index.
The PE of the stock is 6.08 based on TTM earnings ending June 26.