Canara Bank

About Canara Bank

Canara Bank is a prominent public sector bank in India, offering a comprehensive suite of banking and financial services. It caters to retail, corporate, and agricultural customers, operating through an extensive branch network across the country. Established in 1906, it holds a significant position in India's financial sector, focusing on financial inclusion and digital banking initiatives.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Canara Bank's P/E ratio (TTM) is 6.24, compared to the industry median of 11.99 and large cap median of 11.16.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Canara Bank's P/B ratio is 1.02, compared to the industry median of 1.21 and large cap median of 1.59.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Canara Bank's P/S ratio is 0.96, compared to the industry median of 1.65 and large cap median of 1.80.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Canara Bank's PEG ratio is 0.50.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Canara Bank's EV/EBITDA ratio is 1.99.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Canara Bank's ROE is 15.19%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Canara Bank's ROA is -0.11%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Canara Bank's ROCE is 95.14%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Canara Bank's operating margin is -1.61%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Canara Bank's net margin is 14.15%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Canara Bank's current ratio is 31.94.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Canara Bank's debt-to-equity ratio is 13.29.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Canara Bank's interest coverage ratio is 1.26.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Canara Bank's DPS is ₹4.14.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Canara Bank's EPS is 1.86.

(Source line: "Ratios as of 12 Aug 2026, based on last traded price of ₹132. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1906 (as Canara Hindu Permanent Fund)
• Headquarters: Bengaluru, Karnataka
• Core Offerings: Retail Banking, Corporate Banking, Treasury Operations, Digital Banking, International Banking
• Stock Listing: NSE (CANBK), BSE (532483)
• Promoter: Government of India

History of Canara Bank

Canara Bank was founded in 1906 in Mangalore by Ammembal Subba Rao Pai as 'Canara Hindu Permanent Fund'. In 1910, it was renamed 'Canara Bank Limited'. The bank was nationalised along with 13 other major commercial banks in 1969. A significant milestone was the amalgamation of Syndicate Bank with Canara Bank, effective from April 1, 2020, making it one of the largest public sector banks in India. Currently, Canara Bank continues to leverage its wide network and digital capabilities to serve diverse customer segments and contribute to national development.

Business Segments and Revenue Mix

• Retail Banking: Offers a broad spectrum of products including savings, current accounts, term deposits, housing loans, vehicle loans, personal loans, education loans, and credit cards to individual customers.
• Corporate Banking: Provides working capital finance, term loans, project finance, trade finance, and other advisory services to large and medium corporate clients and Public Sector Undertakings.
• Treasury Operations: Manages the bank's investment portfolio, including investments in government securities, bonds, and equities, as well as foreign exchange and money market operations for liquidity and risk management.
• Digital Banking: Focuses on enhancing customer experience through various digital channels such as mobile banking, internet banking, UPI, and other fintech solutions.

Key Personnel

K Satyanarayana Raju (MD & CEO): Appointed as MD & CEO in February 2023. He is a seasoned banker with over three decades of experience in various functions of banking, including branch management, corporate credit, and retail lending.

Subsidiaries and Associate Companies

• Canbank Factors Ltd.
• Canbank Computer Services Ltd.
• Canara Bank Securities Ltd.
• Canara Robeco Asset Management Company Ltd.
• Canara HSBC Life Insurance Company Ltd. (joint venture)

Corporate Actions

A major corporate action was the amalgamation of Syndicate Bank with Canara Bank, effective from April 1, 2020, consolidating their operations and branch network. The bank regularly declares dividends.

References

1. Annual Report FY2023-24
2. Exchange Filings (NSE/BSE)
3. Financial Results Announcements (Q4 FY24)