Canara Bank

Buy Canara Bank shares

CANARA BANK (BOM: 532483) Shares

ABOUT CANARA BANK

Canara Bank (CANBK) (BOM: 532483) was established in 1906 by Ammembal Subba Rao Pai and today, it is one of the largest public sector banks which is owned by the Government of India. In 1906, the Canara Hindu Permanent Fund was established and in 1910, Canara Bank received its name when it was incorporated.

The Bank of Kerala was acquired by Canara Bank in 1961 and had three branches at the time of acquisition. In 1958, under the order of the Reserve Bank of India, G. Raghumathmul Bank was acquired along with its five branches, after which Trivandrum Permanent bank was acquired in 1961 with its fourteen branches.

Canara Bank further acquired four banks in 1963, namely: Sree Poornathrayeesa Vilasam Bank, Arnad Bank, Cochin Commercial Bank and Pandyan Bank. Canara Bank was nationalized in 1969 and 1976 saw the 1000th branch being inaugurated followed by Canara Bank being the first bank in India to obtain ISO certification for Total Branch Banking.

In 2019 there was a merger between Canara Bank and Syndicate Bank which created the fourth largest public sector bank.

OVERVIEW OF CANARA BANK

  • Canara Bank has an extensive and impressive portfolio of banking products, services and solutions available to customers such as savings and deposits, loan products, technology products, mutual funds, insurance business, international services, card services and consultancy services, if only to name a few.

  •  Canara Bank also provides a UPI app that empowers not only the bank, but other customers to perform pay and collect transactions online through the app.

  • Subsidiary companies to Canara Bank include Canfin Homes Limited, Canbank Factors Limited, Canbank Venture Capital Fund Limited, Canbank Computer Services Limited, Canara Bank Securities Limited, along with a few others. Canara Bank also sponsors two regional rural banks, namely Kerala Gramin Bank and Karnataka Gramin Bank.

VISION & VALUES OF CANARA BANK

  • Canara Bank pursues global benchmarks spread across profitability, operational efficiency, asset quality, risk management as well as expansion on the global reach.

  • The aim is to provide customers with quality banking services and creating value for shareholders who purchase company shares as well as continuously striving to be a corporate social citizen. Through the acquisition of several rewards in its history.
  • Canara Bank has shown that it is dedicated to meeting the needs of consumers through business conduct that is consistent, innovative, reliable and of superior quality.

MARKET PERFORMANCE OF CANARA BANK

  • Canara Bank trades on the Bombay Stock Exchange (BSE) under the stock symbol BOM: 532483.

  • At the end of September 2019, the financial results for the quarter showed a 7.71% increase in total business with a total of Rs. 105 5653 Crores and total deposits of Rs. 609 436 Crores, indicating a 10.42% increase. Operating profit improved by 9.37% from Rs. 23 27 Crores to Rs. 25 45 Crores.
  • With clear indication of continuous improvement in growth and solid financial results, shareholders who buy or sell shares can expect lucrative dividends and returns in quarters to come.

LATEST NEWS CANARA BANK

Buy CANARA BANK stocks / shares – ? A Step by Step Guide how to Buy / Purchase CANARA BANK  Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CANARA BANK Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CANARA BANK STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CANARA BANK STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CANARA BANK stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CANARA BANK stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?