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Canara Bank chief says core income to support stability after profit decline on treasury losses
Canara Bank saw a 10% dip in net profit last quarter, mainly due to treasury losses. The bank is now prioritizing core income to maintain its net interest margins. Advances are expected to grow between 11-12% this year, while deposit growth is projected at 9-10%. Asset quality remains strong with a low slippage ratio.
Buy, Sell Or Hold: Canara Bank, ABB India, L&T, Vedanta, HFCL, SBI, Sandur Manganese — Ask Profit
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Canara Bank share price up 2%; Analysts cut target on lower FY27 guidance
Canara Bank shares gained despite mixed Q4FY26 results and lower FY27 NIM guidance. Analysts remain positive on credit growth but cautious on margin pressure.
Canara Bank shares rise over 2% after Q4 results. What are Morgan Stanley, Motilal Oswal saying?
Canara Bank shares rose after the lender reported a consolidated net profit of Rs 4,506 crore for Q4FY26, down 10% year-on-year and 13% sequentially. Despite the decline in profit, net interest income grew 4% YoY to Rs 9,808 crore.
Canara Bank: Motilal Oswal Trims Target Price After Q4 Results, Cites Tepid NIM Guidance — Check Potential Upside
Asset quality for Canara Bank continues to be steady, while slippages saw some seasonality in Q4.
Treasury hit drags Canara Bank Q4 profit
Canara Bank's net profit saw a 10% dip to ₹4,506 crore in the March quarter, primarily due to treasury losses triggered by rising sovereign bond yields. Despite this, the bank's asset quality improved, and its full fiscal year net profit increased by 12.7% to ₹19,187 crore.
Stocks To Watch Today: BPCL Dr Reddy's Labs, Afcons Infra, Canara Bank And HG Infra Engineering
Here's a look at stocks that are likely to be in focus during the trading session on Tuesday.
Today's Market: Sensex Today Tanks 1,313 | Nifty Below 23,850 | Canara Bank Down 3% - Indian Stock Market News - Equitymaster
Today's Market: Sensex Today Tanks 1,313 | Nifty Below 23,850 | Canara Bank Down 3% - Indian Stock Market NewsEquitymaster
Sensex Today Tanks 1,313 | Nifty Below 23,850 | Canara Bank Down 3% - Equitymaster
Sensex Today Tanks 1,313 | Nifty Below 23,850 | Canara Bank Down 3%Equitymaster
Sensex Today Tanks 1,313 | Nifty Below 23,850 | Canara Bank Down 3% - Equitymaster
Sensex Today Tanks 1,313 | Nifty Below 23,850 | Canara Bank Down 3%Equitymaster
Canara Bank Q4 Results: PAT drops 10% YoY to Rs 4,506 crore; NII up 4%
Canara Bank reported a 10% YoY decline in Q4FY26 consolidated net profit to Rs 4,506 crore, while net interest income rose 4% to Rs 9,808 crore. Profit also fell 13% sequentially from the previous quarter. Following the earnings announcement, shares of the PSU lender plunged 7% to hit an intraday low of Rs 130.50 on the NSE.
Canara Bank stock falls 4% as Q4 profit falls 10%; asset quality improves
Canara Bank reported a standalone net profit of ₹4,505.57 crore, down 9.9 per cent from ₹5,002.66 crore in the year-ago period