Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 58913.88 Crore).
Canara Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.
Financials
Investment Rationale
The brokerage raises its PAT estimates by 5% each for FY23/24 and 4% for FY25 to account for higher NII and lower provisions. Further, it estimates an RoA/RoE of 1.1%/17.5% for FY25.
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