Canara Bank stock faces a funding test after 15.83 percent growth
Published on 10/07/2026 at 05:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Canara Bank stock was trading at INR 117.10 on NSE on October 7, 2026 at 9:23 a.m. IST, down 0.61 percent from the previous close. The latest operating update shows provisional global business of INR 30.71 lakh crore for Q2 FY27, up 15.83 percent year over year.
Credit growth leads the update
According to ScanX News on October 1, 2026, global advances reached INR 13.74 lakh crore after growing 19.35 percent from the September 2025 quarter. Global deposits stood at INR 16.97 lakh crore, an increase of 13.13 percent over the same period.
The comparison is central for investors: advances expanded 6.22 percentage points faster than deposits. That spread supports business growth, but it also makes the funding mix and net interest margin important indicators for the next reported quarter.
RAM advances grow 21 percent
Domestic advances rose 16.83 percent year over year to INR 12.63 lakh crore, while domestic deposits increased 10.96 percent to INR 15.48 lakh crore. The figures show that the domestic credit trend also ran ahead of liability growth.
PSU Connect reported on October 1, 2026 that domestic Retail, Agriculture and MSME advances reached INR 8.12 lakh crore, representing 21.00 percent year-over-year growth. Global business also advanced 5.71 percent from the June 2026 quarter, giving the September quarter a sequential growth marker.
Stock remains below yearly high
Canara Bank stock was last at INR 117.10 on NSE on October 7, 2026 at 9:23 a.m. IST. The session range was INR 116.51 to INR 117.95, while the 52-week range stood at INR 116.51 to INR 162.89.
Canara Bank stock facts
- Company: Canara Bank
- Ticker: CANBK
- Trading venue: NSE
- Price (as of October 7, 2026, 9:23 a.m. IST): INR 117.10
- Market capitalization: INR 1.1 trillion (as of October 7, 2026)
- 52-week range: INR 116.51-162.89 (as of October 7, 2026)
- Sector / Industry: Financial Services / Regional Banks
- Volume: 1,284,968 shares (as of October 7, 2026)
