# Canara Bank: Equirus retains Long, target Rs 155 2026-08-07T23:56:40+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Equirus Securities has retained its 'Long' rating on Canara Bank with an unchanged target price of Rs 155. The bank reported in-line net interest income with flattish net interest margins at 2.52 per cent. Advances grew 5 per cent quarter-on-quarter, driven by retail and MSME segments. Slippages moderated to 58 bps, while GNPA and NNPA ratios improved to 1.6 per cent and 0.4 per cent respectively. Management expects FY27 NIMs of 2.5-2.6 per cent and sees 20-30 bps cost of funds benefit on incremental deposits. Canara Bank has raised $775 million in FCNR(B) deposits and targets $2.5 billion. Equirus expects FY27 return on assets of about 1 per cent, but near-term margins may remain constrained. Sustained improvement in the liability franchise and NIM expansion are key catalysts. ## Coverage - thehindubusinessline.com Tags: advances, Canara Bank, Equirus, NIM, PSU bank Canonical: https://indianopinion.org/canara-bank-equirus-retains-long-target-rs-155/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/canara-bank-equirus-retains-long-target-rs-155/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.