Canara Bank is a major commercial bank from India. The codes of the bank in the BSE (Bombay Stock Exchange) and in the NSE (National Stock Exchange) are 532483 and CANBK. More than 60,000 employees are working for the smooth operations of the Indian bank. Established in the year 1906, the headquarters of the bank are located in Bangalore, India.
The operations of the Canara Bank are spread all over the country of India with a vast network of more than 2600 branches and ATM counters. In terms of international operations it has centers like Hong Kong, Moscow, London, Dubai, Doha and Shanghai under its grab. The bank is one of the largest nationalized commercial banks in India. It has a total business of more than Rs.2 trillion.
Canara Bank has several subsidiaries for its smooth functioning. They are:
Canbank Financial Services Limited
Canbank Venture Capital Fund Limited
Canara HSBC Oriental Life Insurance Company Limited
Canbank Factors Limited
Canara Robeco Asset Management Company Limited
Canbank Computer Services Limited
Canfin Homes Limited and
Gilt Securities Trading Limited
As per the official reports for the financial year 2007-08 the gross income was Rs. 16723.04 Crore and the Net PAT was listed as Rs.1795.33 Crore. The EPS was declared at Rs.43.79.
If you are interested to know details about the financial performance of the Canara Bank in the Indian stock market or if you are planning to trade in its stocks you can request free information from this site. For those purpose expert reports, tips and analysis are available here. Moreover if you have already gone through the experience of buying and selling the stocks of Canara Bank, then you are requested to mention your overall experience here to help people planning to invest in it.
Sell Canara Bank with target of Rs 400 and stop loss of Rs 429, says Kunal Saraogi, technical analyst, on Zee Business. The stock is currently trading at Rs 419.80, down 1.2% on the BSE.