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Canara Bank's stock rose about 2.7% after quarterly results, with management discussing net interest margins, FCNR deposits and CASA growth

By ScoutQuest · Wed 14 Oct 2026, 2:14 PM IST · 1 min read

Stock move today

2.7 percent

Net interest margin

2.55 percent

Repo linked book share

53 percent

FCNR deposits

53,000 to 55,000 crore rupees

Asset book size

13 lakh crore rupees

Heard on business television between 14:14:13 - 14:17:13 IST.

• Canara Bank stock was up almost 2.7% after results were announced during the show.
• MD and CEO Brajesh Kumar Singh said NIM of 2.55% this quarter is sustainable, helped by a 25 bps rate cut benefit and 53% of the loan book being repo-linked.
• He said FCNR deposits of about 53,000-55,000 crore rupees had limited impact on margins given the bank's 13 lakh crore plus asset book, and replacing 40,000-50,000 crore of high-cost bulk deposits each month gave about 1% synergy.
• He said NIM would remain stable or improve in coming quarters including into FY28.
• On CASA, he said the bank was at 29% against a guidance of 30-32%, citing 55,000 crore of FCNR deposits going into term deposits, but said granular SB and retail term deposit growth excluding FCNR was close to 11%.

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