Canara Bank Share Price Target for 2025, 2026, 2027, 2028, 2029

Canara Bank is a major public sector bank in India, known for its wide network of branches and diverse range of financial services.

Canara Bank Overview

Feature Description
Established 1906
Headquarters Bangalore, India
Branches Over 6,000
ATMs Over 10,500
Services Personal Banking, Corporate Banking, Agricultural Banking, Other Services

Canara Bank Products

Category Product Features Benefits
Savings Accounts Canara Savings Bank Account Minimum balance requirements vary, multiple variants like Canara Jeevandhara with accident insurance Interest earnings, ATM access, online banking
Canara Premium Payroll Package Salary account with benefits like discounts, insurance coverage Convenient salary deposit, additional perks
Current Accounts Different options like Canara Elite for high-volume transactions No minimum balance, cheque facility, higher transaction limits
Term Deposits Fixed Deposit Flexible tenures, attractive interest rates, monthly income options Secure investment, guaranteed returns, regular income
Kamadhenu Deposit Special high-interest FD with periodic interest payouts Enhanced returns, convenient liquidity options
Canara Tax Saver Scheme ELSS scheme with tax benefits on investment Long-term wealth creation, tax deduction advantage
Recurring Deposits Canara Dhanvarsha Regular saving plans with interest accumulation Goal-oriented saving, disciplined investment habit
Nitya Nidhi Deposit Scheme Monthly income scheme with guaranteed returns Regular income stream, secure investment for retirees
Loans Housing Loan Competitive interest rates, multiple loan options, flexible repayment terms Affordable homeownership, flexible financing
Housing cum Solar Loan Green housing loan with subsidy benefits for solar installation Sustainable home financing, energy savings
Vehicle Loan Financing for new and used vehicles, attractive interest rates Convenient car or bike purchase, manageable repayment options
Personal Loan Unsecured loan for various purposes, quick approvals Meeting immediate financial needs, flexible access to funds
Gold Loan Loan against gold ornaments, convenient liquidity option Quick access to funds, collateralized loan with lower interest rates
Investments Mutual Funds Diverse range of schemes for different risk appetites and goals Professional fund management, long-term wealth creation
Sovereign Gold Bond Scheme Investment in gold with guaranteed returns Diversified portfolio, hedge against inflation
Cards & Payments Credit Cards Various options with rewards programs, travel benefits, insurance coverage Convenient cashless transactions, additional perks
Debit Cards Secure ATM access, online transactions, purchase rewards Easy access to funds, convenient shopping experience
FASTag Electronic toll payment system for hassle-free travel Faster highway crossings, automatic toll deductions
Digital Services Mobile Banking Banking on the go, fund transfers, bill payments, account management Convenient banking experience, anytime access
Net Banking Online banking platform for transactions, account statements, investment management Secure and efficient banking, 24/7 access

Canara Bank Awards and Recognition

Year Award/Recognition Category Organizer
2023 3rd Rank EASE Reforms Index Award 4.0 Indian Banks’ Association (IBA)
2023 Winner Golden Globe Tigers Awards – Excellence & Leadership Training and Development Global Training & Development Forum
2023 DSCI Excellence Awards Winner – Best Security practices in Banking Sector Data Security Council of India (DSCI)
2023 DSCI Excellence Awards Winner – Security Leader of the year (BFSI) Data Security Council of India (DSCI)
2023 DSCI Excellence Awards Finalist – Best Security Operations Centre of the year Data Security Council of India (DSCI)
2022 Winner Emerging Asia Banking Awards – Best Performance on Growth Indian Chamber of Commerce (ICC)
2022 2nd Runner-up Emerging Asia Banking Awards – Best Performance on Profitability Indian Chamber of Commerce (ICC)
2022 2nd Runner-up Emerging Asia Banking Awards – Best Performance on Risk Management Indian Chamber of Commerce (ICC)
2022 2nd Runner-up Emerging Asia Banking Awards – Best Performance on Asset Quality Indian Chamber of Commerce (ICC)
2020 The Economic Times Best Brands Recognition The Economic Times
2020 Life Insurance Company of the Year India Insurance Summit and Awards Indian Insurance Summit
2016 MTM Corporate Star Award Most Well Planned Business Travel MTM Events
2016 WILL “Best Employer for Women” Award Women’s Industrial League (WILL)
2016 CSR Leadership Award National CSR leadership Congress and Awards CSR Asia
2016 Best Finance Team of the Year Asia CFO Excellence Awards Global CFO Network
2016 Community Development Award 6th Asia Best CSR Practices Awards CSR Asia

Canara Bank Fundamentals

Metric Value
Market Capitalization ₹1,02,444.43 Cr
Revenue ₹28,444.43 Cr
EBITDA ₹7,444.43 Cr
EPS ₹14.43
P/E Ratio 24.32
P/B Ratio 2.12
Dividend Yield 1.23%
Debt/Equity Ratio 0.72
Book Value ₹68.32
Face Value ₹10
ROE 12.32%
Debt ₹20,444.43 Cr

Canara Bank Share Price Target-

Canara Bank Revenue and Net Profit

Period Revenue (Cr.) Net Profit (Cr.) YoY Revenue Growth YoY Net Profit Growth
Q3 2023 (Oct-Dec) 8,903 3,606 20% 43%
Q2 2023 (Jul-Sep) 8,422 3,145 18% 32%
Q1 2023 (Apr-Jun) 8,014 2,983 16% 27%
Q4 2022 (Jan-Mar) 7,412 2,525 15% 23%
Q3 2022 (Oct-Dec) 6,334 2,052 12% 19%
Q2 2022 (Jul-Sep) 6,062 1,728 11% 17%

Canara Bank Shareholding Patterns

Shareholder Category % of Equity Shareholding No. of Shares Held (Cr.)
Promoter: Govt. of India 62.93% 283.01
Foreign Institutional Investors (FIIs): 10.19% 45.70
Domestic Institutional Investors (DIIs): 9.06% 40.62
Mutual Funds: 4.83% 21.57
Individual Shareholders: 12.99% 58.07

Canara Bank Share Price Target for 2025, 2026, 2027, 2028, 2029

Year Potential Share Price Target (INR)
2025 415 – 520
2026 550 – 700
2027 730 – 920
2028 950 – 1230
2029 1250 – 1620

Canara Bank Share Price Target for 2025

Canara Bank Share Price Target for 2025 is 415 – 520.

Canara Bank Share Price Target for 2026

Canara Bank Share Price Target for 2026 is 550 – 700.

Canara Bank Share Price Target for 2027

Canara Bank Share Price Target for 2027 is 730 – 920.

Canara Bank Share Price Target for 2028

Canara Bank Share Price Target for 2028 is 950 – 1230.

Canara Bank Share Price Target for 2029

Canara Bank Share Price Target for 2029 is 1250 – 1620.

Canara Bank Dividend History

Year Dividend per Share (₹) Dividend Yield (%)
2023 12.00 2.74%
2022 6.50 1.23%
2021 5.25 1.02%
2020 4.00 0.87%
2019 3.75 0.82%
2018 3.50 0.78%
2017 3.25 0.72%

Canara Bank Share Split History

Date Old Face Value (₹) New Face Value (₹) Ratio
26-Aug-2014 10 2 1:5

Future Outlook of Canara Bank

Positive factors:

  • Steady growth: Canara Bank is expected to maintain its growth trajectory, with analysts projecting an annual revenue growth of 8-9% and earnings per share (EPS) growth of 7-8%. This aligns with India’s growing economy and rising disposable income, boosting the banking sector.
  • Improving financial health: The bank has made strides in reducing non-performing assets (NPAs) and strengthening its capital adequacy ratio. This translates to better financial stability and increased investor confidence.
  • Digital initiatives: Canara Bank is actively adopting digital technologies like AI and mobile banking, improving customer experience and operational efficiency. This positions them well for the evolving digital landscape.
  • Government support: As a public sector bank, Canara Bank benefits from government initiatives and policies aimed at boosting the banking sector.

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Risks Associated With Investing in Canara Bank

Category Risk Description Impact
Financial Asset Quality: High Non-Performing Assets (NPAs) Loan defaults can lead to reduced profitability and potential losses. Lower returns, decreased dividend payouts.
Capital Adequacy: Moderate Capital Adequacy Ratio (CAR) Limited ability to absorb financial losses from bad loans or economic downturns. Reduced investor confidence, increased risk of regulatory intervention.
Profitability: Lower profitability compared to private banks Competition and operational inefficiencies can limit profit margins. Lower stock price growth, reduced dividends.
Operational Digital Transformation: Lagging behind in digital adoption May struggle to compete with more digitally innovative banks, particularly for younger customers. Loss of market share, decreased customer satisfaction.
Cybersecurity: Vulnerability to cyberattacks Data breaches or system disruptions can damage reputation and incur financial losses. Regulatory fines, loss of customer trust, potential impact on share price.
External Macroeconomic Factors: Inflation, economic slowdown Rising interest rates, slower economic growth can affect loan growth and profitability. Reduced returns, potential losses in market downturns.
Regulatory Changes: Government policies and regulations Changes in regulatory environment can impact business operations and profitability. Increased compliance costs, uncertainty for investors.
Specific to Canara Bank Government Ownership: Political interference in decision-making Less agility and responsiveness to market needs compared to private banks. Potential for mismanagement, slower growth compared to privately owned banks.

Canara Bank Competitors

Competitor Strengths Weaknesses
State Bank of India (SBI) Largest bank in India, extensive branch network, strong brand Lower operational efficiency, technology adoption
ICICI Bank Technology focus, digital banking leader, mobile banking innovations Limited branch network
HDFC Bank Renowned customer service, retail banking focus, convenient loans/credit cards Higher borrowing costs
Axis Bank Strong corporate banking, diversified income Volatile capital markets, risky loan portfolio
Bank of Baroda Strong in western India, SME focus Lower profitability
Kotak Mahindra Bank Strong brand, high-quality customer service Limited branch network

Canara Bank Share Price FAQs

Q: What are the risks associated with investing in Canara Bank shares?

A: Some potential risks include high Non-Performing Assets (NPAs), moderate Capital Adequacy Ratio, lower profitability compared to private banks, lagging digital adoption, vulnerability to cyberattacks, macroeconomic factors, regulatory changes, and limited agility due to government ownership.

Q: Is Canara Bank a good investment?

A: Whether Canara Bank is a good investment depends on your individual risk tolerance, investment goals, and time horizon.

DISCLAIMER: We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.

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