Canara Bank is currently trading at Rs. 209.20, up by 2.35 points or 1.14% from its previous closing of Rs. 206.85 on the BSE.
The scrip opened at Rs. 204.00 and has touched a high and low of Rs. 213.00 and Rs. 201.55 respectively. So far 230477 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 550.00 on 14-Jan-2013 and a 52 week low of Rs. 201.15 on 20-Aug-2013.
Last one week high and low of the scrip stood at Rs. 250.00 and Rs. 201.15 respectively. The current market cap of the company is Rs. 9271.99 crore.
The promoters holding in the company stood at 67.72% while Institutions and Non-Institutions held 26.02% and 6.26% respectively.
In a bid to expand its overseas footprint, Bangalore-based public sector lender Canara Bank is planning to open a branch at Johannesburg in South Africa and Frankfurt in Germany by end of this fiscal. In this regard, the bank has received approval from Reserve Bank of India (RBI) and Central Bank of South Africa to open its first branch in South Africa by December this year, while the bank is awaiting regulatory approvals from Germany’s government for opening a branch in Frankfurt, which is likely to happen by March 2014.
At present, Canara Bank has five overseas branches - two in United Kingdom, one each in Bahrain, Shanghai and Hong Kong. These branches together contribute about 4.5% of the bank’s total business of Rs 6, 31,863 crore as of June 2013. The Bank also has a joint venture with State Bank of India in Moscow for commercial banking operations. The bank has 40 per cent stake in the JV.
In addition to South Africa and Germany, the bank is also planning to open branches at 12 other overseas centres - DIFC (Dubai), Sao Paulo (Brazil), Dar-es-Salaam (Tanzania), Tokyo (Japan), Abuja (Nigeria), Jeddah (Saudi Arabia), Qatar Financial Centre (Qatar), New York (USA), Sydney (Australia), Ontario (Canada), Wellington (New Zealand) and Singapore by March 2015.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
| View more.. | |
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