TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Canara Bank ( (IN:CANBK) ) has provided an update.
Canara Bank has been penalized by the Reserve Bank of India (RBI) with a monetary fine of Rs. 4,35,550 due to deficiencies such as a shortage of notes and mutilated notes in its currency chest balance. The inspection that led to this penalty was conducted by the RBI from October 29 to 31, 2025. Despite the penalty, the bank has stated that the financial impact is not significant, suggesting minimal disruption to its operations or financial standing.
More about Canara Bank
Canara Bank is a prominent financial institution in India, primarily engaged in providing a wide range of banking and financial services. The bank focuses on retail banking, corporate banking, and treasury operations, serving a diverse clientele across the country.
Average Trading Volume: 1,631,358
Technical Sentiment Signal: Buy
Current Market Cap: 1348.4B INR
Find detailed analytics on CANBK stock on TipRanks’ Stock Analysis page.