Canara Bank
Set up in 1906, Canara Bank is one of the larger PSBs. It made its initial public offering in 2002. As on September 30, 2023, government ownership in the bank stood at 62.93%. Amalgamation of Syndicate Bank into Canara Bank was effective from April 1...
Key Metrics
EPS
16.84
Current ratio
0.12
Debt/Equity
15.48
Debt/EBITDA
68.99
Interest coverage ratio
-
Operating Cashflow to total debt
0.01
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Expectation of strong support from the government
Healthy market position
Liquidity: Superior
Cons
Modest, albeit improving, asset quality and earnings profile
Material change in shareholding and/or expectation of support from the government
Substantial deterioration in asset quality because of increasing slippages, thereby impacting earnings profile
Decline in capital adequacy ratios below minimum regulatory requirements (including capital conservation buffer, which is Tier I of 9.5% and overall CAR of 11.5%) for an extended period
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About Canara Bank bond.
This comprehensive profile covers key factual information about Canara Bank. Set up in 1906, Canara Bank is one of the larger PSBs. It made its initial public offering in 2002. As on September 30, 2023, government ownership in the bank stood at 62.93%. Amalgamation of Syndicate Bank into Canara Bank was effective from April 1, 2020. The merged entity enjoys the benefits of a larger balance sheet, optimised capital utilisation, and wider geographic reach leading to deeper penetration. Domestic network comprises 9,518 branches and 10,553 ATMs. Additionally, it has international presence via three overseas branches (New York, London and Dubai). Besides banking, it undertakes factoring, asset management, insurance and retail and institutional broking services through its subsidiaries and associates. EPS in Mar-2024 was 16.84. Current ratio in Mar-2024 was 0.12. Debt/Equity in Mar-2024 was 15.48. Debt/EBITDA in Mar-2024 was 68.99. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was 0.01. Total revenue for Mar-2025 (E) was ₹151844.28. Net income for Mar-2025 (E) stood at ₹19583.04. Total assets as of Mar-2024 were ₹1535017.64. Operating cash flow for Mar-2024 was ₹15,046.50. Peers and comparison entities consist of Canara Bank, State Bank of India, Bank of Baroda Limited, Punjab National Bank. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Expectation of strong support from the government; Healthy market position; Liquidity: Superior; . Key risks include: Modest, albeit improving, asset quality and earnings profile; Material change in shareholding and/or expectation of support from the government; Substantial deterioration in asset quality because of increasing slippages, thereby impacting earnings profile; Decline in capital adequacy ratios below minimum regulatory requirements (including capital conservation buffer, which is Tier I of 9.5% and overall CAR of 11.5%) for an extended period. Leadership team details include Vijay Srirangan (Non Executive Chairman), K Satyanarayana Raju (Managing Director & CEO), Ashok Chandra (Executive Director), Bhavendra Kumar (Executive Director), Debashish Mukherjee (Executive Director), Hardeep Singh Ahluwalia (Executive Director), Parshant Kumar Goyal (Government Nominee Director), R Kesavan (Nominee Director), Abha Singh Yaduvanshi (Shareholder Director), Bimal Prasad Sharma (Shareholder Director), Karunakara Shetty (Shareholder Director), Dibakar Prasad Harichandan (Part Time Non Official Director), Nalini Padmanabhan (Part Time Non Official Director), S K Majumdar (Group Chief Financial Officer), Santosh Kumar Barik (Company Secretary & Compliance Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.