Canara Bank532483Banking
Canara Bank stock rose about 2.7% after quarterly results, with management saying net interest margins surprised positively and are sustainable
By ScoutQuest · · 1 min read
- Stock move today
- 2.7 percent
- Net interest margin
- 2.55 percent
- Guided NIM range
- 2.5 to 2.6 percent
- Rate reprieve
- 25 basis points
- Repo-linked book share
- 53 percent
Heard on business television between 14:14:13 - 14:17:13 IST.
- Canara Bank stock was up almost 2.7% after results were announced a couple of hours before the show.
- MD and CEO Brajesh Kumar Singh said net interest margins at 2.55% were within the guided range of 2.5-2.6% despite a competitive deposit environment.
- He said a 25 basis point rate cut reprieve would help, with 53% of the bank's book repo-rate linked and already repriced, while deposit repricing would lag.
- He said NIMs are sustainable and could even grow slightly in coming quarters.
- On FCNR deposits of around 53,000 crore rupees, he said the bank has provided hedges of about 33,000 crore rupees, making them less earning but manageable given the bank's over 13 lakh crore book size.
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Source: Live TV News Channel · 14 Oct 2026
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