India's Canara Bank rises on higher second-quarter net profit
14/10/2026 07:54
BUZZ-India's Canara Bank rises on higher second-quarter net profit ** Shares of Canara Bank CNBK.NS up 4% at 125.12 rupees
** The Indian lender reports an 8.4% y/y climb in second-quarter net profit, interest income up 11.5% Y/Y
** CNBK's asset quality, or gross non-performing assets as a percentage of total loans, also improved to 1.33% from 1.57% previous quarter and 2.35% a year ago
** Avg rating of 20 analysts on stock at "buy"; median PT is 150 rupees - LSEG-compiled data
** YTD, stock down ~19%
(Reporting by Kashish Tandon in Bengaluru)
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