Canara Bank Share Price Surges 4.16% on January 14, 2025

Canara Bank share price has been in focus on Tuesday. On January 14, 2025, Canara Bank share price opened at ₹89.47, up from its previous close of ₹88.52. At 11:40 AM, the share price of Canara Bank was trading at ₹92.20, up by 4.16% on the NSE. As of the same time, the stock price touched its day’s high at ₹92.55. Notably, the stock price touched its 52-week low at ₹87.79 recently on January 13, 2025.

Q2 FY 2025 Financial Highlights

For the period ended 30th September 2024, the bank reported a net profit of ₹4,014 crores, reflecting a growth of 11.31% compared to the previous year. Its global business grew by 9.42% year-on-year, reaching ₹2,359,344 crores as of September 2024. The global deposits stood at ₹1,347,347 crores, marking a 9.34% growth, while global advances (gross) reached ₹1,011,997 crores, showing a growth of 9.53% year-on-year.

Domestic deposits of the bank were ₹1,238,713 crores, reflecting an 8.34% increase compared to the same period last year. Additionally, the retail lending portfolio saw a significant rise, increasing by 31.27% year-on-year to ₹1,94,556 crores, with the housing loan portfolio growing by 12.29% to ₹99,452 crores.

The bank’s asset quality improved, with the Net Non-Performing Assets (NNPA) ratio decreasing to 0.99% in September 2024, compared to 1.24% in June 2024 and 1.41% in September 2023.

As of 30th September 2024, the bank operates a vast network of 9,658 branches, including 3,115 in rural areas, and 9,881 ATMs. The bank also maintains four overseas branches in London, New York, Dubai, and IBU Gift City.

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