Canara Bank hits a century

Canara Bank has completed a glorious 100 years of service to the nation. With 2,578 branches spread across length and breadth of the country, the Bank is serving a diverse clientele base of over 29 million. For the financial year ended March, 2007, the Bank crossed an aggregate business level of Rs. 2,40,000 crore. The Bank also recorded its highest ever net profit of Rs. 1421 crores, recording YoY growth rate of 5.78%. Canara Bank envisions emerging as a global bank with best practices. The Bank's strong and sound fundamentals were well reflected in Earnings per Share (Rs. 34.65), Book value (Rs. 197.83), Capital Adequacy Ratio (13.50%) and above all a low net NPA ratio of 0.94% as on March 31, 2007.

In the technology arena, besides 100% branch computerisation, the Bank has 1132 ATMs, 1550 branches under 'Anywhere Banking' and 1156 branches offering Internet and Mobile Banking services as on March 31, 2007. "As the Bank is emerging as a global bank with best practices, its commitment for creating enhanced value for all its stakeholders remains the key factor in all its future business endeavours", aptly put by M.B.N. Rao, Chairman and Managing Director of Canara Bank.

The brief financials of Canara Bank for the last three financials years are tabulated as under

Market details (NSE)

Last traded price on 18-05-2007 - Rs. 252.80
52 week low - Rs. 152.10
52 week high - Rs. 318.40
Volume of trading - 6,90,095