PSU bank stock jumps 5% after net profits increases by 21% YoYPSU bank stock jumps 5% after net profits increases by 21% YoY

Introduction:

Leading public sector bank recorded a strong Q1 FY26 performance with notable growth in profit, deposits, and advances, along with improved asset quality and compliance with priority sector and agricultural lending targets.

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Share price movement of Canara Bank:

On July 24, 2025, Canara Bank opened at ₹108.15, up 0.32% from its previous close of ₹107.80. The stock touched a high of ₹114.00 (5.75%) and a low of ₹107.20. By 4:01 PM, it traded at ₹113.50, marking a 5.29% gain, with a market cap of ₹1,02,951.89 crore.

Canara Bank reports strong Q1 FY26 performance:

Canara Bank reported a 21.69% year-on-year rise in net profit for Q1 FY26. Global business grew 10.98% to ₹25.64 lakh crore, while global deposits rose 9.92% to ₹14.68 lakh crore.

Gross advances increased 12.42% year-on-year to ₹10.96 lakh crore. The bank’s Gross NPA ratio improved to 2.69% in June 2025, down from 2.94% in March 2025 and 4.14% in June 2024, showing improved asset quality over the period.

The bank surpassed regulatory targets in priority sector lending and agriculture credit. Priority sector credit stood at 45.63% and agricultural lending at 23.25% of ANBC, against the mandated 40% and 18% respectively.

Stock performance of Canara Bank for Period of 1 week, 6 months, and 1 year:

Canara Bank delivered a -1.58% return over the past week. It gained 17.5% in the past six months and rose 1.10% over the past year.

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Shareholding pattern of Canara Bank:

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	62.90%	62.90%	62.90%
FII	11.40%	10.50%	11.10%
DII	11.40%	11.90%	11.70%
Public	14.30%	14.70%	14%

About Canara Bank:

Canara Bank (NSe: CANBK), headquartered in Bangalore, was established in 1906 and nationalised in 1969. It merged with Syndicate Bank in FY21, becoming one of India’s largest public sector banks.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.