Canara Bank on Wednesday posted 18% growth in its standalone net profit at Rs 3,757 crore for the quarter ended March 2024. The same stood at Rs 3,174 crore in the last year period. Net interest income (NII) for the reporting quarter increased 11% year-on-year (YoY) to Rs 9,580 crore. The company’s Board has also … Read more
Canara Bank’s Board of Directors on Monday approved the sub-division of its equity shares of Rs 10 into five shares with a face value of Rs 2 each. The move is aimed at improving liquidity in the bank’s shares and making it more affordable for retail investors along with broadening the retail investors’ base. The … Read more
Canara Bank, part of the PSU bank segment, rallied more than 20% in the last 3 months to hit a fresh record high in January 2024 and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock on dips for a possible target above Rs … Read more
