Canara Bank shares slump over 3% despite net profit nearly doubling in Q4

Canara Bank's shares fell 3.5% after reporting a net profit of ₹3,175 crore for Q4 FY23, a 90% YoY increase. The stock has gained almost 9 percent in the last one month.

Canara Bank consolidated net profit jumps 74% to ₹3,337 crore in March quarter

<ul><li>In the latest March quarter, the lender's core net interest income grew 23 per cent to ₹8,617 crore. This was due to a 17 per cent growth in advances and a 0.14 per cent expansion in the net interest margin to 3.07 per cent.</li></ul>

Nifty PSU Bank down 15% this year; have these lenders lost their mojo?

The Nifty PSU Bank index is down almost 15 percent year-to-date against a 7 percent fall in the Nifty Bank and private bank indices and a nearly 6 percent fall in the equity benchmark Nifty50.

PSU banks' profit up 65% in December quarter, BoM tops list: Report

For the first nine months of the current financial year, PSBs have earned a cumulative profit of ₹70,166 crore as compared to ₹48,983 crore in the year-ago period, an increase of 43 percent. In Q3 FY23, the Bank of Maharashtra emerged as the top performer in terms of percentage growth in profit, the report said.

Canara Bank Q3 profit surges 92% to ₹2,882 crore

Canara Bank to sell its stake in Russian joint venture to SBI for ₹114 crore

Canara Bank has entered into a share sale agreement in relation to sale of equity shares held by it in Moscow-based CIBL with SBI, the bank said in a regulatory filing.

Moody's affirms deposit rating of SBI, upgrades for PNB, BoB, Canara Bank

<ul><li>The outlooks on long-term ratings of all the four banks remain stable, Moody's Investors Service said in a statement.</li></ul>

Canara Bank hits new 52- week high; brokerages place a ‘buy’ call

Canara Bank has delivered almost 70 percent returns to its shareholders in the last six months. It has shown a growth of over 57 percent year-to-date.

HDFC Bank, Canara Bank get approval for rupee trade with Russia: Report

<ul><li>India's central bank has allowed HDFC Bank Ltd and Canara Bank Ltd to open a special ‘vostro account’ for trade in rupees with Russia, Business Standard reported.</li></ul>

Canara Bank: Brokerages see more upside as stock hits fresh 52-week high, rallies 19% in a week

Canara Bank's net profit has been steadily growing for the last ten quarters, beginning with the June 2020 quarter. In the first quarter of this fiscal year, the bank posted a standalone net profit of ₹2,022 crore, crossing the 2,000 crore mark for the first time.

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Canara Bank shares slump over 3% despite net profit nearly doubling in Q4

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