Lenders accept Supreme Housing's Rs 522-crore settlement offer
Canara Bank is in focus.
· ET Stocks, Economic Times Markets
Canara Bank along with other lenders accepted a ₹522-crore one time settlement offer from Supreme Housing and Hospitality. This settlement will help the company resolve debts close to ₹700 crore, representing a 75% recovery for involved banks. The one-time settlement includes both fund and non-fund exposure from corporate guarantees given to subsidiary entities.
The analysis
Canara Bank reported Rs 522 and ₹700 crore, with movement of 75% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.4% on the day at ₹117.50, and has returned -7.5% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -7.4% over the same period, so Canara Bank is running 0.1 points behind its peers.
For Canara Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- In focus: Canara Bank (CANBK), in Banks.
- Over three months: Canara Bank -7.5% against Banks -7.4% (0.1 points behind).
- At least 25% below the 52-week high: Canara Bank (26%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Canara BankCANBK · Banks | ₹117.50 | -1.4% | -0.7% | -7.5% | -26.1% | 0.8× | — |
Banks
1M -2.7% · 3M -7.4%
Canara Bank
Prices as of 3 Nov 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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