Last 395.10 INR
Change Today -8.40 / -2.08%
Volume 2.5M
CBK On Other Exchanges
Symbol
Exchange
Natl India
As of 7:05 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

canara bank (CBK) Snapshot

Open
401.30
Previous Close
403.50
Day High
405.55
Day Low
390.00
52 Week High
06/9/14 - 498.00
52 Week Low
08/28/13 - 189.40
Market Cap
182.2B
Average Volume 10 Days
3.6M
EPS TTM
58.77
Shares Outstanding
461.3M
EX-Date
07/3/14
P/E TM
6.7x
Dividend
4.50
Dividend Yield
2.78%
Current Stock Chart for CANARA BANK (CBK)

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canara bank (CBK) Details

Canara Bank provides various banking products and services in India. It offers personal banking services, including savings, current, and salary accounts, as well as re-investment plans, tax saver and gold schemes, recurring deposits, deposit schemes for senior citizens and children, unclaimed deposits, and fixed deposits; and loan products, such as housing, home improvement, vehicle, site, personal, teachers, gold, online education, property, and consumer loans, as well as loans against shares/debentures/bonds/units, loans for senior citizens and owners of the property against rents receivable, mortgages, reverse mortgage loans for senior citizens, and loans for medical practitioners. The company’s personal banking services also comprise ATM and debit cards, credit cards, inter-bank funds transfer services, mutual funds, insurance, foreign exchange and international banking services, and consultancy and depository services, as well as safe deposit lockers, custody services, and retail sale of gold coins. In addition, it provides corporate banking services, such as current, fixed, and recurring deposits, as well as re-investment plans; term loans, working capital and export finance, and infrastructure finance; cash management and syndication services; IPO monitoring and merchant banking services; Internet banking; and technology upgradation fund schemes. Further, the company offers NRI services, such as deposits, loans and advances, remittance facilities, consultancy, and other banking services. Additionally, it provides priority and SME banking services that comprise agriculture and rural credit, education and other priority sector loans, government sponsored schemes, and lending to minority communities; loans products to micro, small, and medium enterprises; and agri-consultancy services. As of May 27, 2014, the company operated 4,755 branches, including 5 overseas branches and 6,312 ATMs. Canara Bank was founded in 1906 and is headquartered in Bengaluru, India.

Founded in 1906

canara bank (CBK) Top Compensated Officers

Chairman, Managing Director, Chairman of Risk...
Total Annual Compensation: 2.0M
Executive Director, Member of Management Comm...
Total Annual Compensation: 2.1M
Executive Director, Member of Management Comm...
Total Annual Compensation: 1.5M
Executive Director, Member of Management Comm...
Total Annual Compensation: 1.0M
Compensation as of Fiscal Year 2014.

canara bank (CBK) Key Developments

Canara Bank to Expand Branches

Canara Bank has announced that it was planning to open more than 1,250 branches and 3,700 ATMs in 2 years. The bank reported that the bank has a target of 6,000 plus branches and 10,000 plus ATMs in the next two years.

Canara Bank Announces Unaudited Earnings Results for the Quarter Ended June 30, 2014

Canara Bank announced unaudited earnings results for the quarter ended June 30, 2014. The Bank has posted a net profit of INR 8,068.60 million for the quarter ended June 30, 2014 as compared to INR 7,920.70 million for the quarter ended June 30, 2013. Total income has increased from INR 105,078.80 million for the quarter ended June 30, 2013 to INR 117,280.10 million for the quarter ended June 30, 2014. Operating profit before provisions and contingencies was INR 17,950 million against INR 18,821.0 million a quarter ago. Profit from ordinary activities before tax was INR 10,068.6 million against INR 7,908.3 million a quarter ago. EPS per diluted share was INR 17.49 against INR 13.65 a quarter ago.

Canara Bank Plans INR 3 Billion Qualified Institutional Placement Next Month

Canara Bank Limited (BSE:532483) has firmed up plans for a INR 3 billion QIP offer which is likely to hit the market sometime next month after a formal nod during its Annual General Meeting slated for July 21, 2014. Canara Bank is also considering a follow-on public offer sometime next year. RK Dubey, Chairman and Managing Director of Canara Bank, said the QIP offer has secured RBI nod and will likely take place next month after it is formally approved at the AGM. Speaking on the sidelines of FICCI Finsec 2014, a financial sector conclave, the Bank CMD said they were also considering an FPO, which is likely to hit the market next year. The Government currently owns 69 per cent stake in the bank and there is considerable flexibility in downloading the stake. He said the bank’s gross non-performing assets are pegged at 2.49% and net NPAs at 1.98%. “We expect both the gross and net NPA levels to come down by March next with better recoveries,” he said.

 

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