Canara Bank is one of the biggest and oldest banks in India. It was started in the year 1906 by Ammembal Subba Rao Pai in Mangalore, Karnataka. The main goal of the bank was to help people save money and provide loans to those in need.
Today, Canara Bank has thousands of branches across India and even in other countries. It offers many services like savings accounts, fixed deposits, loans, net banking, and mobile banking. People can use Canara Bank to keep their money safe, send money to others, and take loans for homes, education, or businesses.
The bank follows the motto “Together We Can”, which means it believes in helping people grow financially. Canara Bank is also known for its good customer service and many schemes that support farmers, students, and small businesses.
Canara Bank Share Price Target (2025-2030)
| Year | Expected Price Target (₹) |
|---|---|
| 2025 | ₹100.75 – ₹120.30 |
| 2026 | ₹125.45 – ₹135.90 |
| 2027 | ₹140.20 – ₹155.65 |
| 2028 | ₹160.85 – ₹175.40 |
| 2029 | ₹180.15 – ₹195.75 |
| 2030 | ₹200.60 – ₹235.25 |
Canara Bank Share Price Target 2025
Canara Bank Share Price Target 2025 is expected to be in the range of ₹100.75 – ₹120.30. This projection is based on the bank’s strong financial performance, improving asset quality, and stable economic conditions.
Canara Bank Share Price Target 2026
Canara Bank Share Price Target 2026 is projected at ₹125.45 – ₹135.90. Factors such as increasing loan growth, better earnings, and digital banking expansion may contribute to this rise.
Canara Bank Share Price Target 2027
Canara Bank Share Price Target 2027 is estimated to reach ₹140.20 – ₹155.65. With continuous expansion, improved valuation, and investor confidence, the stock may see steady growth.
Canara Bank Share Price Target 2028
Canara Bank Share Price Target 2028 is predicted to be between ₹160.85 – ₹175.40. The bank’s digital transformation and operational efficiency could push the stock further.
Canara Bank Share Price Target 2029
Canara Bank Share Price Target 2029 is forecasted at ₹180.15 – ₹195.75. Sustained financial performance, higher credit demand, and economic stability may support this price range.
Canara Bank Share Price Target 2030
Canara Bank Share Price Target 2030 is expected to reach ₹200.60 – ₹235.25. Long-term growth strategies, market expansion, and strong fundamentals could drive the stock to new highs.
Canara Bank Fundamental
| Metric | Value |
|---|---|
| Market Cap | ₹79,459 Cr |
| P/E Ratio (TTM) | 4.84 |
| P/B Ratio | 0.84 |
| Industry P/E | 12.58 |
| Debt to Equity | NA |
| ROE (Return on Equity) | 17.35% |
| EPS (TTM) | 18.10 |
| Dividend Yield | 3.68% |
| Book Value | 104.32 |
| Face Value | 2 |
Canara Bank Income Statement (Dec 2024)
| Particulars | Dec ’24 |
|---|---|
| Revenue | ₹36,114 Cr |
| Expenses | ₹30,675 Cr |
| EBITDA | ₹5,438 Cr |
| EBIT | ₹5,438 Cr |
| Profit Before Tax | ₹5,438 Cr |
| Net Profit | ₹4,104 Cr |
Financial Ratios (Dec 2024)
| Metric | Dec ’24 |
|---|---|
| Operating Profit Margin | 87.76% |
| Net Profit Margin | 13.54% |
| Earnings Per Share (Diluted) | ₹4.52 |
| Dividends Per Share | ₹0.00 |
Read More: MobiKwik Share Price Target
Canara Bank Balance Sheet (2024)
| Particulars | 2024 |
|---|---|
| Total Assets | ₹15,35,018 Cr |
| Current Assets | ₹1,77,636 Cr |
| Non-Current Assets | ₹15,35,018 Cr |
| Total Liabilities | ₹14,41,884 Cr |
| Current Liabilities | ₹13,12,242 Cr |
| Non-Current Liabilities | ₹1,29,641 Cr |
| Total Equity | ₹93,134 Cr |
| Common Stock | ₹1,814 Cr |
| Preferred Stock | ₹0.00 Cr |
| Other Equity Total | ₹90,319 Cr |
| Total Common Shares Outstanding | 181.41 |
| Debt to Equity Ratio | 0.00 |
| Book Value | ₹457.60 |
Canara Bank Shareholding Pattern (Dec 2024)
| Category | Holding (%) |
|---|---|
| Promoters | 62.93% |
| Retail & Others | 14.23% |
| Foreign Institutions | 11.11% |
| Other Domestic Institutions | 7.47% |
| Mutual Funds | 4.26% |
Conclusion
Canara Bank is a strong and trusted bank in India with a long history. It offers many services and keeps growing with digital banking and better customer support.
The Canara Bank Share Price Target shows steady growth, reaching up to ₹235.25 by 2030. The bank’s good financial health and strong business plans make it a good choice for investors.
However, stock prices can change due to market conditions, so investors should always do their research before investing.
FAQ
Is Canara Bank a government or private bank?
Canara Bank is a government-owned bank. It is a public sector bank under the ownership of the Government of India.
How to open a Canara Bank account online?
Visit Canara Bank Internet Banking → Select “Open Savings Account Online.”
Submit KYC documents (Aadhaar, PAN) and complete video verification.
Does Canara Bank offer forex services for travelers?
Yes: Forex cards, travel insurance, and currency exchange at 1,200+ branches.
Is Canara Bank involved in CSR (Corporate Social Responsibility)?
Yes: Focuses on education (scholarships), healthcare, and rural development.
