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F-14/15, Orbit Mall, Civil Lines, Jaipur-302006 support@thetaxheaven.comCanara Bank is one of India’s oldest and most prominent public sector banks, playing a critical role in the country’s banking and financial ecosystem. Over the last few years, the bank has witnessed a strong turnaround, supported by declining non-performing assets, steady credit growth, and improved profitability. With renewed investor confidence in PSU banks and a favorable macroeconomic environment, Canara Bank has emerged as a strong long-term contender in the Indian banking space.
In this article, we analyze Canara Bank share price targets from 2026 to 2030 based on current market data, balance-sheet strength, operational performance, shareholding pattern, and long-term sector outlook.
| Detail | Value |
|---|---|
| Open | ₹150.10 |
| Previous Close | ₹149.83 |
| Day’s High | ₹150.98 |
| Day’s Low | ₹147.27 |
| VWAP | ₹148.48 |
| 52-Week High | ₹154.21 |
| 52-Week Low | ₹78.60 |
| All-Time High | ₹164.23 |
| All-Time Low | ₹8.14 |
| Market Capitalization | ₹1,34,772 Cr |
| Volume | 26,225,514 |
| Value (Lacs) | 38,965.87 |
| 20D Avg Volume | 24,583,388 |
| 20D Avg Delivery (%) | 47.93% |
| Face Value | ₹2 |
| Book Value Per Share | ₹109.11 |
| Dividend Yield | 2.69% |
| UC Limit | ₹164.81 |
| LC Limit | ₹134.85 |
Canara Bank is a government-owned public sector bank offering a wide range of financial services, including retail banking, corporate lending, MSME financing, agriculture loans, treasury operations, and digital banking solutions. The bank has strengthened its balance sheet in recent years through disciplined lending, improved recoveries, and a sharper focus on profitable growth.
With expanding digital adoption and rising demand for credit across sectors, Canara Bank continues to enhance its operational efficiency while maintaining prudent risk management practices.
Strong improvement in asset quality with lower NPAs
Healthy credit growth across retail, MSME, and corporate segments
Rising profitability supported by better net interest margins
Wide branch and ATM network across urban and rural India
Stable dividend yield attracting income-focused investors
Canara Bank has benefited from India’s ongoing banking sector recovery, where PSU banks have gained market share due to improved governance and stronger balance sheets. The bank’s book value growth and consistent dividend payouts highlight its improving financial stability. Analysts remain optimistic about PSU banks as credit demand rises alongside infrastructure spending and economic expansion.
| Investor Type | Holding (%) |
|---|---|
| Promoters | 62.93% |
| Retail & Others | 12.92% |
| Foreign Institutions | 11.90% |
| Other Domestic Institutions | 6.53% |
| Mutual Funds | 5.71% |
The presence of foreign institutions and mutual funds indicates increasing institutional confidence in Canara Bank’s long-term growth prospects.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 175 | 200 |
| 2027 | 205 | 235 |
| 2028 | 240 | 275 |
| 2029 | 280 | 320 |
| 2030 | 330 | 380 |
These projections are based on improving asset quality, steady earnings growth, favorable interest-rate cycles, and the long-term expansion of India’s banking sector.
By 2026, Canara Bank may benefit from sustained credit growth and stable margins as economic activity strengthens.
Growth Drivers:
Expansion in retail and MSME lending
Continued reduction in NPAs
Strong recovery in PSU bank valuations
Investment View: Suitable for medium-term investors seeking stability and gradual growth.
In 2027, profitability may improve further as operating efficiencies and digital initiatives begin delivering stronger returns.
Growth Drivers:
Higher loan disbursements
Improved cost-to-income ratio
Rising institutional participation
Investment View: Attractive for investors looking for consistent compounding.
By 2028, Canara Bank could emerge as one of the stronger PSU banking performers with a more resilient balance sheet.
Growth Drivers:
Growth in treasury income
Higher CASA deposits
Stable dividend payouts
Investment View: Suitable for long-term investors seeking steady appreciation.
In 2029, sustained economic growth and banking sector expansion may support higher valuations.
Growth Drivers:
Increased infrastructure and corporate lending
Strong return ratios
Improved capital adequacy
Investment View: Favors investors focused on long-term wealth creation.
By 2030, Canara Bank could be positioned as a mature, stable PSU bank with strong fundamentals and consistent earnings.
Growth Drivers:
Long-term credit expansion in India
Stable interest income and margins
Continued government support for PSU banks
Investment View: Ideal for conservative long-term investors seeking growth with dividends.
Canara Bank offers a blend of stability, dividend income, and growth potential. The bank’s improving fundamentals, strong promoter backing, and rising institutional interest make it an attractive long-term candidate among PSU banks.
Strong turnaround story
Attractive valuation relative to book value
Consistent dividend yield
Expanding credit demand in India
Interest-rate volatility
Macroeconomic slowdowns
Asset-quality pressure during economic downturns
Tracking quarterly results and broader banking sector trends is recommended before making major investment decisions.
Canara Bank has transformed itself into a stronger and more resilient public sector bank, supported by improving asset quality, rising profitability, and steady credit growth. While short-term volatility may persist, the long-term outlook remains positive. Based on current trends, analysts estimate that Canara Bank share price could reach between ₹330 and ₹380 by 2030, making it a compelling option for long-term investors seeking exposure to India’s banking growth story.
1. What is the current share price of Canara Bank?
It is around the levels mentioned in the latest market data table and fluctuates daily.
2. What is the Canara Bank share price target for 2026?
The expected range is ₹175 to ₹200.
3. Is Canara Bank a good long-term investment?
Yes, for investors seeking stable growth, dividends, and exposure to PSU banking.
4. What is the share price target for 2030?
The projected target range is ₹330 to ₹380.
5. What factors influence Canara Bank’s share price the most?
Credit growth, asset quality, interest rates, profitability, and overall market sentiment.
Disclaimer: This article is for educational purposes only and should not be considered financial advice. Please consult a qualified financial advisor before making any investment decisions.
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