Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 33933.31 Crore).
Canara Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 23288.74 Crore, down -2.04 % from last quarter Total Income of Rs 23774.15 Crore and up 2.53 % from last year same quarter Total Income of Rs 22713.92 Crore. The bank reported net profit after tax of Rs 1234.53 Crore in latest quarter.
Investment Rationale
It has given a follow through to the breakout above the consolidation, which was in effect since Jan 2021.
Promoter/FII Holdings
Promoters held 62.93 per cent stake in the company as of 30-Sep-2021, while FIIs owned 5.57 per cent, DIIs 14.67 per cent.
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