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State-owned Indian public sector bank offering retail, corporate and agricultural banking, with a large southern India franchise.
State-owned Indian public sector bank offering retail, corporate and agricultural banking, with a large southern India franchise.
Earns mainly from the spread between lending rates and deposit costs, with a branch network strongest in the south. Syndicate Bank was merged into it in 2020, enlarging the deposit base. Fund-management and insurance ventures, including Canara Robeco and Canara HSBC Life, add fee income. The Government of India is the majority owner.
In one line: A state-owned mid-size US regional bank.
Moat: narrow (scale, regulatory licence, distribution). A large legacy branch network, especially in South India, with government ownership supporting deposit stability.
Headquarters: Bengaluru, India · Founded: 1906 · Employees: 81,811
Size Canara Bank (CANBK.NS) is an India Financials company (Major Banks) with a market value of $11.8B, the 102nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹122.93 on 6 Nov 2026.
Performance Over six months the shares fell 9.6%, against +3.8% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 6.8% over the last twelve months (peer median +3.6%); the operating margin is 43.6% (peer median 43.1%).
Valuation It trades at 0.87× book value against a peer median of 1.14× (7th cheapest of 21).
Price implies The share price implies a return on equity of about 17.1%; Canara Bank delivers 16.8%, so the price asks more than the business earns today.
Credit Canara Bank has 1 bond outstanding ($500M), rated Baa3 by the agencies and trading like BBB- at a weighted spread of 103 bp.
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹1.50T | ₹1.52T | ₹1.52T | ₹1.36T | ₹1.10T |
| Revenue growth | — | 0% | +12% | +23% | — |
| Net income | ₹204B | ₹197B | ₹175B | ₹153B | ₹113B |
| Free cash flow | n/a | -₹185B | n/a | ₹298B | ₹435B |
| Capital expenditure | n/a | ₹12.9B | ₹0 | ₹12.5B | ₹6.13B |
| Total debt | ₹1.68T | ₹2.86T | ₹2.15T | ₹1.56T | ₹1.44T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Canara Bank CANBK.NS | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% |
| Punjab National Bank PNB.NS | $15.4B | +16% | +3% | 15% | 0.90× | 17.0% |
| Bank of Baroda BANKBARODA.NS | $13.7B | -7% | +8% | 12% | 0.74× | 13.2% |
| Union Bank of India UNIONBANK.NS | $15.1B | +12% | 0% | 16% | 0.99× | 16.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CANBK.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.2% | +3.3% | 11th highest of 21 |
| 6-month return | -9.6% | +3.8% | 2nd lowest of 21 |
| Return on equity | 16.8% | 11.7% | 3rd highest of 21 |
| Price / book | 0.87× | 1.14× | 7th cheapest of 21 |
| Trailing P/E | 5.5× | 10.1× | 5th cheapest of 20 |
| ROE the price implies | 17.1% | 10.8% | 5th most demanding of 21 |
| ROE delivered | 16.8% | 11.7% | 3rd highest of 21 |
| Bond spread | 103 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Canara Bank CANBK.NS | India | $11.8B | -10% | -7% | 17% | 0.87× | 17.1% | 16.8% |
| China Zheshang Bank 2016.HK | Hong Kong | $11.5B | -3% | +1% | 7% | 0.31× | 3.9% | 7.3% |
| Indian Bank INDIANB.NS | India | $12.9B | +5% | +12% | 16% | 1.40× | 18.5% | 16.1% |
| Shanghai Rural Commercial Bank 601825.SS | China | $13.1B | +1% | -8% | 10% | 0.65× | 2.5% | 9.6% |
| Shinkin Central Bank Pfd Subs Cert 8421.T | Japan | $10.3B | -1% | +47% | 3% | 1.02× | 4.4% | 3.0% |
| Bank of Baroda BANKBARODA.NS | India | $13.7B | -7% | +8% | 12% | 0.74× | 13.2% | 11.8% |
| UMB Financial UMBF | United States | $10.2B | +2% | +17% | 14% | 1.34× | 11.2% | 13.5% |
| SouthState Bank SSB | United States | $10.1B | +8% | +18% | 10% | 1.11× | 9.3% | 10.3% |
| Zions Bancorporation NA Depositary Shs Repr 1/40th Int Ser A Flt Rt Non Cum Perp Pfd ZIONP | United States | $9.72B | -16% | +4% | 16% | 0.31× | 4.0% | 16.5% |
| Bankinter BKT.MC | Spain | $14.5B | +4% | 0% | 18% | 1.87× | 12.4% | 17.6% |
| Unicaja Banco UNI.MC | Spain | $9.53B | +20% | -3% | 10% | 1.34× | 12.2% | 10.1% |
| Old National Bancorp ONB | United States | $9.43B | +3% | +18% | 12% | 1.17× | 10.3% | 11.5% |
| Union Bank of India UNIONBANK.NS | India | $15.1B | +12% | 0% | 16% | 0.99× | 16.4% | 16.3% |
| AL Sydbank A/S ALSYDB.CO | Denmark | $9.20B | +37% | +27% | 10% | 1.78× | 6.3% | 9.6% |
| FinecoBank FBK.MI | Italy | $15.4B | +3% | +5% | 32% | 5.71× | 43.8% | 32.3% |
| Punjab National Bank PNB.NS | India | $15.4B | +16% | +3% | 15% | 0.90× | 17.0% | 15.1% |
| IDBI Bank IDBI.NS | India | $9.04B | +5% | +3% | 12% | 1.18× | 26.1% | 11.8% |
| Jyske Bank A/S JYSK.CO | Denmark | $9.02B | +25% | +3% | 10% | 1.32× | 5.3% | 10.3% |
| Hua Xia Bank 600015.SS | China | $15.7B | -5% | -1% | 8% | 0.32× | 1.8% | 7.6% |
| Federal Bank Ltd. (India) FEDERALBNK.NS | India | $8.81B | +14% | +11% | 13% | 1.97× | 27.7% | 13.1% |
| Huishang Bank 3698.HK | Hong Kong | $8.31B | -8% | +1% | 11% | 0.36× | 3.8% | 10.7% |
Canara Bank has 1 bond outstanding with $500M face value. The agencies rate it Baa3; its bonds trade like BBB-. Weighted yield 5.60%, a spread of 103 bp over government bonds.