News for Canara Bank (CANBK.NS)

The Nifty Bank index closed 0.97 per cent down at 54664.05.

Indian markets extended gains for the seventh day, driven by IT and auto stocks, positive global cues, and HCLTechs outlook. Analysts flagged possible near-term volatility amid geopolitical tensions and mixed earnings.

Top gainers, losers today April 23, 2025: Sectoral indices showed mixed movement, with bank stocks facing the maximum selling pressure.

The Nifty Bank index closed 0.62 per cent up at 55647.2.

Finance Minister Nirmala Sitharaman to review progress of 'One state-one RRB' consolidation on May 6.

PSU banks have rebounded, delivering up to 23% returns in a month, driven by RBIs rate cut stance and improving asset quality. Experts see further upside, with stocks like SBI, BoB, and Canara Bank showing strong potential.

The Nifty Bank index was trading 0.82 per cent up at 53551.6.

Canara Bank shares rose 7% after Rekha Jhunjhunwala increased her stake to 1.46% in March 2025. As the sole holder of the late Rakesh Jhunjhunwalas estate, she now controls significant stakes in 22 companies. LIC holds a 5.72% stake in Canara Bank, while FIIs hold a minimal portion.

The Nifty Bank index was trading 0.61 per cent up at 52700.45.

India-Business News: Banking stocks rallied, leading market gains, fueled by anticipated interest rate cuts and positive investor sentiment. IndusInd Bank led the surge, f

The NSE Nifty index was trading 486.11 points up at 23314.65

Banks are set for a muted Q4FY25 due to slower loan growth and NIM pressure. Analysts expect modest earnings, stable asset quality, and elevated credit costs. Private banks may outperform PSU peers. Stock selection should favour strong franchises with liquidity buffers as rate cuts further squeeze margins.

The Nifty Bank index was trading 1.42 per cent up at 50954.7.

If you’re planning to buy a house in 2025, understanding the interest rates offered by different banks is important for making a smart financial decision.

The Nifty Bank index closed 0.54 per cent down at 50240.15.

Top gainers & losers today: Banking stocks fell, including NBFCs Cholamandalam, IIFL Finance, Muthoot Finance, Manappuram Finance as RBI revised repo rate and aims to issue comprehensive regulations on prudential norms for gold loans.

Shares of Muthoot Finance, IIFL Finance, and Manappuram Finance fell sharply after the RBI announced plans to tighten gold loan regulations. The central bank also cut the repo rate by 25 bps to 6% and lowered the FY26 GDP growth forecast to 6.5%. Banking stocks declined broadly despite the easing, with PSU banks leading the fall.

Bank of Baroda (BoB) dropped 1.4 per cent to Rs 232.50. Canara Bank, State Bank of India (SBI), IndusInd Bank and YES Bank declined 1.23 per cent, 1.11 per cent, 0.68 per cent and 0.52 per cent, respectively.

The National Company Law Appellate Tribunal (NCLAT) has allowed state-owned Canara Bank and Indian Bank to pursue proceedings against former IL&FS directors, who are not part of the new board, to declare them as wilful defaulter. However, the appellate tribunal said those directors who are part of the new board of Infrastructure Leasing & Financial Services (IL&FS) and its various subsidiaries after October 1, 2018, would remain protected.