Canara Bank Share Price: NII Miss Aur Margin Squeeze Ne Kiya Investors Ko Pareshaan!

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AuthorIshaan Verma|Published at:
Canara Bank Share Price: NII Miss Aur Margin Squeeze Ne Kiya Investors Ko Pareshaan!
Overview

Canara Bank ne Q3 FY26 results mein profit toh **25.6%** badha liya, par investors ka mood aaj khaas nahi hai. Bank ka stock lagbhag **4.5%** gir gaya kyunki company ka core income (NII) expectation se kam aaya aur margins bhi tight ho gaye.

Core Business Mein Pressure, Par Profit Ka Jadu

Bhaiyo, asal mein hua kya hai ki Canara Bank ka share price 4.1% gir kar ₹151.19 par aa gaya tha January 29, 2026 ko, Q3 results aane ke baad. Iski sabse badi wajah ye hai ki bank ka Net Interest Income (NII), jo ki bank ke core lending business se aata hai, woh analyst ke expectation se kam raha. CNBC-TV18 poll mein ₹9,453 crore ka NII expect kiya ja raha tha, lekin actual mein yeh sirf ₹9,252 crore aaya. Yeh YoY basis par sirf 1.1% ka growth hai.

Aur toh aur, bank ke Net Interest Margins (NIMs) bhi 33 basis points gir kar 2.5% par aa gaye hain. Iska matlab hai ki bank ab apne diye gaye loans par pehle jitna interest nahi kama pa raha hai, jo ki ek lender ke liye important metric hai.

Profit Kahan Se Badha?

Abhi socho, agar core business mein pressure hai toh profit kaise badh gaya? Well, Canara Bank ka net profit toh 25.6% badh kar ₹5,155 crore ho gaya hai. Lekin iska bada reason hai 'other income', jo 36% uchaal maar kar ₹7,899.4 crore ho gaya. Yeh paisa mainly investment bech kar aaya hai. Toh bottom line toh sudhar gaya, par non-core income par itna depend karna sustainability par sawal uthata hai.

Asset Quality Mein Sudhar Aur Peer Comparison

Achhi khabar ye hai ki bank ki asset quality mein kaafi sudhar hua hai. Gross Non-Performing Assets (GNPAs) 3.34% se kam ho kar 2.08% ho gaye hain, aur Net NPAs bhi 0.89% se 0.45% par aa gaye hain. Iske alawa, bank ka Return on Equity (ROE) 17.21% hai, jo ki State Bank of India (13.77%), Bank of Baroda (13.09%), aur Punjab National Bank (11.43%) jaise public sector peers se behtar hai.

Sector ki baat karein toh, Nifty PSU Bank index October 2025 se ab tak 21% bhaga hai, foreign investors ki buying ke karan. Canara Bank ka stock bhi is dauran 29% se zyada badha tha.

Aage Kya Plan Hai?

Management keh raha hai ki NIMs aage 2.45% se 2.50% ke beech stabilize ho jayenge. Margin pressure ko control karne ke liye, bank ab Retail, Agriculture, aur MSME (RAM) advances par zyada focus karega, aur corporate loans kam karega. Bank ne FY26 ke liye credit growth guidance ko 10.5% se badha kar 13.5% kar diya hai. Toh strategy growth aur profitability ko balance karne ki hai, lekin aaj market ka mood NII aur margin trends ko lekar thoda cautious raha.

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