SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Canara Bank falls as Reserve Bank of India imposes monetary penalty on Bank

27 Jan 2025 Evaluate

Canara Bank is currently trading at Rs. 96.00, down by 0.75 points or 0.78% from its previous closing of Rs. 96.75 on the BSE.

The scrip opened at Rs. 95.90 and has touched a high and low of Rs. 97.20 and Rs. 95.30 respectively. So far 643656 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 129.35 on 04-Jun-2024 and a 52 week low of Rs. 87.75 on 13-Jan-2025.

Last one week high and low of the scrip stood at Rs. 102.00 and Rs. 95.30 respectively. The current market cap of the company is Rs. 87168.96 crore.

The promoters holding in the company stood at 62.93%, while Institutions and Non-Institutions held 22.83% and 14.23% respectively.

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,63,60,000 on Canara Bank for non-compliance with certain directions issued by RBI on ‘Priority Sector Lending - Targets and Classification’, ‘Interest Rate on Deposits’ and ‘Financial Inclusion - Access to Banking Services - Basic Savings Bank Deposit Account (BSBDA)’.

This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949.

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.


Canara Bank Share Price

127.15 0.55 (0.43%)
03-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1039.90
PNB 105.35
Bank Of Baroda 252.20
Canara Bank 127.15
Union Bank Of India 163.15
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: