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Canara Bank Share Price Graph And News

Canara Bank is one of the largest public sector banks which owned by the Government of India. This company’s headquartered in Bengaluru. Canara Bank was established at Mangalore in the year 1906. It was developed by Ammembal Subba Rao Pai. This company is one of the oldest public sector banks in the country. The government nationalized this bank in 1969. Canara Bank had a network of 6639 branches and more than 10600 ATMs spread across all over India. This bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, Bahrain, South Africa, Dubai, Tanzania, and New York. Today, the focus point of the article will be on Canara Bank Share Price Graph And News.

About the company –

Canara Bank was founded by Shri Ammembal Subba Rao Pai, who was a great visionary and philanthropist at Mangalore, then a small port town in Karnataka. This Bank has gone through the various phases of its growth trajectory over a hundred years of its existence. Canara Bank was phenomenal, especially after nationalization in the year 1969, which is attaining the status of a national level player in terms of geographical reach and clientele segments. The Eighties was characterized by business diversification for this Bank. Canara Bank completed a century of operation in the Indian banking industry in June 2006. Let’s move forward to the main topic Canara Bank Share Price Graph And News.

Canara Bank Share Price Graph

Canara Bank Share Price Chart

Company summary –

This is the next focus point of the article Canara Bank Share Price Graph And News. After Canara Bank Share Price Graph, have a look at the company summary. Canara Bank was incorporated on 1st July 1906 with the name Canara Hindu Permanent Fund Ltd. The name of this Bank was changed from Canara Hindu Permanent Fund Ltd to Canara Bank Ltd in the year of 1910. This Bank operates in 4 segments, namely treasury operations, retail banking operations, wholesale banking operations, and other banking operations. Canara Bank provides a range of products and services to its customers. This Bank has a strong pan India presence with 6,204 branches and 9,395 ATMs, catering to all segments of an ever-growing clientele accounts base of 8.27 crore. Across the borders, Canara Bank has eight branches, includes London, Leicester, Hong Kong, Shanghai, Manama, Johannesburg, New York and DIFC (Dubai) and a Representative Office at Sharjah, UAE. This Bank is a Government of India undertaking and carries on all banking business. Canara Bank was brought into existence by an ordinance passed on the 19th July 1969 by the Central Government.

According to the latest consolidated data of the company, the market cap is 17,484.22. Industry P/E was 8.25. Price/Book value was at the level of 0.57.

Registered Address –

112, J.C. Road,
Karnataka, 560002
Tel: 080-22100250
Fax: 080-22248831
Email: [email protected]
Website: http://www.canarabank.com

Registrars –

Karvy Fintech Pvt. Ltd.
Karvy Selenium Tower B,
Plot No. 31-32, Gachibowl
Hyderabad – 500032,
Tel : 040-67162222, 67161500
Fax : 040-23420814, 23001153
Email: [email protected]
Website: http://www.karvycomputershare.com

Company financials :

During the year, the Bank posted improved performance on profitability and operational financial ratios. While total income was sustained at the previous year’s level, Canara Bank could substantially reduce its expenditure over last year, resulting in enhanced operating profit. Operating profit of this Bank increased by 24.72% to Rs.8914 crore compared to Rs.7147 crore last year. Canara Bank posted a net profit of Rs.1122 crore for 2016-17 compared to a net loss of Rs,2813 crore last year. During the year, the total income of this bank increased to Rs.48942 crore, comprising Rs.29586 crore interest from loans and advances, Rs.10711 crore interest from investments, Rs.7554 crore from non-interest income and Rs,1091 crore from other income. In line with the thrust areas for Canara Bank, non-interest income registered a robust increase of 54.95% to Rs.7554 compared to Rs.4875 crore recorded during last year. Excluding treasury trading profit of this bank Rs.2982 crore, non-interest income rose by 17.68% to Rs.4572 crore. Apart from trading profit of Canara Bank, other major sources of non-interest income, like, profit from exchange transactions (Rs.971 crore), recovery from written off accounts (Rs.489 crore), Government business (Rs.93 crore), bank assurance (Rs.87 crore) and service charges (Rs,1144 crore) contributed to the non-interest income of the Bank.

Canara Bank Financial Statements

The share of non-interest income of this bank to total income increased to 15.43% from last year level of 9.97%. The total expenditure of Canara Bank came down by 4.13% y.o.y to Rs.40028 crore from Rs.41751 crore, including interest expenses, which declined by 8.01% to Rs.31516 crore. Operating expenses of this bank increased 13.62% to Rs.8512 crore, comprising staff cost of Rs.4915 crore and other operating expenses of Rs,3597 crores. Due to the downward movement in the interest rates, Canara Bank cost of deposits reduced by 69 bps to 6.25% from 6.94% during last year. The net interest income of this bank, the difference between interest paid and interest earned by the Bank, increased to Rs.9872 crore compared to Rs.9763 crore last year. Capital and Reserves Net worth of Canara Bank, as of March 2017 increased to Rs.26914 crore compared to Rs.25911 crore as at March 2016. The total paid-up capital of this Bank stood at Rs.597 crore, the reserves and surplus increased to Rs.33088 crore.

The Board of Directors of the company :

  • Thothala Narayanasamy Manoharan is the Chairman and Non-Executive of the company.
  • Matam Venkata Rao is an Executive Director of this company.
  • H Krishnamurthy is the Shareholder Director of the company.
  • Uma Shankar is the Nominee Director of the company.
  • P V Bharathi is an Executive Director of this company.
  • Debashish Mukherjee is another Executive Director of the company.
  • Venkatachalam Ramakrishna Iyer is the Shareholder Director of this company.
  • Suchindra Misra is the Government Nominee Director of the company.
  • George Augustin T is the Company Secretary of this company.

Name of the Shareholder belonging to the category – “Public and holding more than 1% of the Total No.of Shares” :

  • Trusts
  • LIC of India
  • HDFC Trustee Company Limited
  • Reliance Capital Trustee Co Ltd
  • Clearing Members
  • Non-Resident Indian (NRI)
  • Bodies Corporate
  • HUF

News of the company :

It is the last part of the article Canara Bank Share Price Graph And News. As per Regulations 57 (1) of SEBI Listing Obligations and Disclosure (requirements) Regulations, 2015, we hereby certify that the Annual Interest on Canara Bank Unsecured, Redeemable, Non-Convertible, Basel III Compliant Tier II Series II Bond with ISIN Number INE476A08043 is paid in 07th January 2019. In the dated 06th January 2019, Public sector banks are in the process of closing or rationalizing about 69 overseas operations in the next few months as part of their capital conservation exercise. India VIX needs to hold below 16 to again trigger a bounce-back in the market on 04th January 2019. In the dated 1st January 2019, The Nifty50 needs to hold above 10,850 to extend its move towards 10,985 level. Finance Minister Arun Jaitley said that minor and major penalties have been imposed against erring officials which include, dismissal, compulsory retirement, and demotion in 28th December 2018.

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