Canara Bank
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Canara Bank is one of India’s largest public sector banks, founded in 1906. It has played a significant role in India’s banking evolution, offering retail, corporate, and rural banking services. The bank is recognized for its digital banking initiatives and extensive financial inclusion programs. Following its merger with Syndicate Bank in 2020, Canara Bank became one of the top five largest banks in India by assets. The bank has expanded its international presence, catering to NRIs and global investors. With a strong emphasis on technology-driven banking, Canara Bank continues to modernize financial services for individuals and businesses.
Incorporation Year: 1906
Headquarters: Bengaluru, Karnataka, India
Top Management: Ammembal Subba Rao Pai
Industry: BFSI
Website: canarabank.com
Featured In Fortune India Ranking
Fortune 500 India
#23(2024)
#27(2023)
#26(2022)
#19(2021)
#34(2020)
#33(2019)
#35(2018)
#30(2017)
#28(2016)
#29(2015)
#30(2014)
#31(2013)
#30(2012)
#30(2011)
#30(2010)
#23(2024)#27(2023)#26(2022)#19(2021)#34(2020)#33(2019)#35(2018)#30(2017)#28(2016)#29(2015)#30(2014)#31(2013)#30(2012)#30(2011)#30(2010)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
139,165
(INR Cr)
Net Operating Income
110,519
(INR Cr)
Assets
1,535,018
(INR Cr)
Profit
15,279
(INR Cr)
Net Worth
83,015
(INR Cr)
Fortune India Coverage
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Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 139165 25.1% | 111210 18.0% | 94257 1.0% | 93339 51.6% | 61558 6.4% | 57858 18.7% | 48743 -1.2% | 49309 0.0% | 49306 1.6% | 48547 11.1% | 43714 17.0% | 37378 10.2% | 33920 31.3% | 25834 19.1% | 21688 10.7% | 19597 - |
| Net Operating Income (INR Cr) | 110519 28.68% | 85885 21.63% | 70614 0.51% | 70253 41.19% | 49759 3.77% | 47951 15.98% | 41345 -0.27% | 41457 -5.86% | 44039 0.52% | 43813 10.72% | 39570 16.14% | 34070 10.56% | 30816 33.98% | 23001 22.63% | 18756 9.50% | 17129 - |
| Profit (INR Cr) | 15279 35.8% | 11255 83.8% | 6125 111.9% | 2891 - | -1986 - | 602 - | -3951 - | 1358 - | -2607 - | 2865 8.9% | 2630 -11.4% | 2970 -11.1% | 3342 -17.2% | 4034 34.5% | 3000 46.9% | 2042 - |
| Assets (INR Cr) | 1535018 11.2% | 1381030 9.7% | 1258789 6.7% | 1179540 58.4% | 744560 4.2% | 714902 12.7% | 634548 5.7% | 600241 5.7% | 567740 1.5% | 559335 11.6% | 501433 19.5% | 419673 10.6% | 379404 11.8% | 339465 27.2% | 266842 21.0% | 220452 - |
| Net Worth (INR Cr) | 83015 17.6% | 70565 14.8% | 61455 13.5% | 54125 55.2% | 34873 11.6% | 31241 2.9% | 30373 3.6% | 29312 8.7% | 26965 -0.5% | 27086 9.8% | 24678 6.6% | 23143 10.3% | 20978 14.6% | 18303 42.0% | 12891 23.7% | 10421 22.4% |
| Employee Cost (INR Cr) | 17112 19.7% | 14293 8.2% | 13209 0.8% | 13099 74.6% | 7501 25.8% | 5963 4.6% | 5699 14.8% | 4963 10.5% | 4490 4.1% | 4313 16.4% | 3707 12.8% | 3285 9.4% | 3004 0.7% | 2983 30.7% | 2282 15.7% | 1972 - |
| Interest Cost (INR Cr) | 72118 | 52990 | 43035 | 45183 | 35817 | 32339 | 29113 | 31540 | 34263 | 34133 | 30606 | 26198 | 23159 | 15239 | 13081 | 12418 |
| Cash & Bank Balance (INR Cr) | 151165 | 141703 | 182391 | 178866 | 68590 | 66531 | 50225 | 58967 | 56744 | 48648 | 44872 | 34779 | 28247 | 30772 | 19723 | 16727 |
| Total Debt (INR Cr) | 1369780 | 1237160 | 1132626 | 1060998 | 668170 | 640166 | 563756 | 534858 | 506712 | 499488 | 447913 | 376040 | 342508 | 307553 | 242992 | 200722 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 11.0% | 10.1% | 6.5% | 3.1% | - | 1.0% | - | 2.8% | - | 5.9% | 6.0% | 8.0% | 9.9% | 15.6% | 13.8% | 10.4% |
| Profit As % Of Assets | 1.0% | 0.8% | 0.5% | 0.3% | - | 0.1% | - | 0.2% | - | 0.5% | 0.5% | 0.7% | 0.9% | 1.2% | 1.1% | 0.9% |
| Profit As % Of Networth | 18.4% | 16.0% | 10.0% | 5.3% | - | 1.9% | - | 4.6% | - | 10.6% | 10.7% | 12.8% | 15.9% | 22.0% | 23.3% | 19.6% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 19.3% | 16.4% | 10.0% | 6.1% | - | 1.8% | - | 4.4% | - | 11.0% | 10.8% | 13.3% | 16.4% | 24.6% | 23.8% | 19.6% |
| ROCE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |