Canara Bank shares rise nearly 3% as RBI eases final LCR norms; stock nears 52-week high
By Aditya Bhagchandani Published on April 22, 2025, 10:47 IST
Shares of Canara Bank rose nearly 3% in early trade on Monday, April 22, hitting ₹101.65, up ₹2.65 or 2.68% from its previous close of ₹99.00. The stock is inching closer to its 52-week high of ₹128.90 amid supportive regulatory developments from the Reserve Bank of India (RBI).
The rally comes after the RBI released the final rules on the Liquidity Coverage Ratio (LCR) framework, which were perceived as less stringent than the July 2024 draft. The central bank has halved the additional run-off rate for retail and small business IMB-enabled deposits from 5% (proposed) to 2.5%, providing significant relief to banks.
Stable retail deposits enabled via internet and mobile banking will now attract a 7.5% run-off factor, while less stable ones will face a 12.5% rate — up from the current 5% and 10%, but much lower than the earlier proposed 10% and 15%.
ICRA noted that the modified norms could free up ₹2.7-3.0 lakh crore in HQLAs, providing additional credit growth potential of 1.4-1.5% for the banking system. The RBI also postponed the implementation of the revised norms to April 2026, allowing banks more time to adjust.
With a market cap of ₹921.58 billion and a P/E ratio of 5.61, Canara Bank is one of the most active PSU bank stocks today, benefiting from improved investor sentiment.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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