NPAs Decline, NII Jumps By 19%, Canara Bank’s Share Price Hits 52-Week High; Read If It’s Worth Buying

Canara Bank share price on Tuesday jumped over 2 percent and hit their fresh 52-week high of Rs 390.55 on Bombay Stock Exchange (BSE) in intraday trade. The share price of the public sector bank opened at Rs 383.25. It pervious close was Rs 382.55.
Looking into the Canara Bank share price performance of the day so far, it was 1.27 per cent up at Rs 387.40 on BSE at 11:50 AM. However, the stock has been a green sign since the day the bank announced its September quarter earnings: October 26. In the past year, the stock is up about 34 per cent against a 5 per cent gain in the equity benchmark Sensex.
As compared to last year when the bank reported net profit to…
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Source: https://news24online.com/business/npas-decline-nii-jumps-by-19-canara-banks-share-price-hits-52-week-high-read-if-its-worth-buying-prn/186326/

Canara HSBC Life Insurance Launches New Product – GAIN

Canara HSBC Life Insurance has launched a non-linked and non participating product Guaranteed Assured INcome (GAIN) – a life insurance cum savings plan designed to provide financial stability and security to the customers with the flexibility to tailor their coverage period basis the financial requirements and aspirations.
 
Guaranteed Assured INcome is a new age solution that empowers individuals to secure their alternate income or long term savings and achieve their dreams. Insurance plan comes with three flexible income options, allowing customers to select a period that aligns best with their financial…
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Source: https://smestreet.in/infocus/canara-hsbc-life-insurance-launches-new-product-gain-1698922

Canara Bank raises ₹5,000 crore in Long Term Infrastructure Bond

Canara Bank has said that it raised ₹5,000 crore in Long Term Infrastructure Bond, Series I Bonds during the current fiscal.Canara Bank in its maiden issuance of Long Term Infrastructure Bonds has raised ₹ 5,000 crore, at a coupon rate of 7.54% per annum, it said in a statement.The issue received overwhelming response from investors, with bids for more than ₹14,180 crore against a base issue size of ₹1,000 crore and green shoe option of ₹4,000 crore, the bank said.
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Source: https://www.thehindu.com/news/national/karnataka/canara-bank-raises-5000-crore-in-long-term-infrastructure-bond/article67357166.ece/amp/

Medi Assist Jumps 11%, Goldman Bags 2.2%, Canara Takes 2.9% Stake

Bulk trades were active in Medi Assist Health Services’ stock, which experienced an 11% premium over issue price when the firm became public. The share price of Medi Assist closed at Rs 464.1.The two most active purchasers of the company were Canara Robeco Mutual Fund and Goldman Sachs India Equity Portfolio Fund, with 2.91% and 2.23% of the shares, respectively.Goldman Sachs India Equity Portfolio Fund purchased 15.34 lakh shares of the company at a price of Rs 468.65 a share, while Canara purchased 20.01 lakh shares at an average price of Rs 489.02.The other buyers of the company included BNP Paribas Arbitrage, Whiteoak Capital Mutual Fund, and Nomura…
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Source: https://www.indiainfoline.com/article-amp/news-top-story/medi-assist-jumps-goldman-bags-canara-takes-stake-1706072479658_1.html

canara bank share price: Canara Bank: Bullish to sideways

SynopsisCanara Bank’s daily trend is bullish to sideways. The RSI for daily are showing bullish momentum, however the RSI for monthly and weekly is showing bullish momentum. Based on option chain analysis, the range is between 420 and 500. Let’s plan a trade around this.By ET CONTRIBUTORS4 mins read, Jan 24, 2024, 10:40:59 AM ISTCanara Bank’s daily trend is bullish to sideways. The RSI for daily is showing bullish momentum. However, the RSI for monthly and weekly is showing bullish momentum. Based on data, its maximum open interest on the PUT side is at strike 420; and on the CALL side, it is at 500. We are assuming it will spend most of the time between 960 and 1020. We are…
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Source: https://m.economictimes.com/markets/stocks/news/canara-bank-bullish-to-sideways/amp_articleshow/107101236.cms

Stocks in Focus: Zomato, Havells India, Canara Bank and Others




November 29, 2023November 29, 2023

The GIFT Nifty futures were trading in the green before the market’s opening on Wednesday. Indices are expected to open on a similar flat-to-positive note.

Domestic benchmark indices, NSE Nifty 50 and S&P BSE Sensex, ended a two-day losing streak and closed higher on Tuesday. Nifty gained 95 points or 0.48% to settle at 19,889.70, while the Sensex rose by 204.16 points or 0.31% to settle at 66,174.20.

Here are the stocks to watch on November 29.

Canara Bank: Canara Bank plans to transfer its credit card business and other digital product portfolio to its unlisted…
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Source: https://www.equitypandit.com/stocks-in-focus-zomato-havells-india-canara-bank-and-others/

Kyndryl wins Canara Bank’s IT modernisation deal

IT infrastructure services provider Kyndryl has engaged with Canara Bank, one of the public sector banks in India, to optimise the bank’s business services and operations and modernise its IT infrastructure. Businessline had earlier reported that tech majors IBM and Kyndryl were both involved in a competitive bidding race for Canara Bank’s ₹3,000 crore IT transformation deal. Kyndryl however has not disclosed the deal value.As Canara Bank’s IT partner, Kyndryl will augment the bank’s end-to-end IT operations and streamline services delivery across core banking, IT infrastructure, applications, and network operations.
‘Strategic engagement’
Lingraju Sawkar, President,…
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Source: https://www.thehindubusinessline.com/companies/kyndryl-wins-canara-banks-it-modernization-deal/article67752357.ece/amp/