New Delhi, April 16 -- Canara Bank shares have advanced for the third consecutive session on Wednesday, continuing their upward trend as investor sentiment grows on the possibility of another interest rate cut by the Reserve Bank of India (RBI), following a significant decline in India's retail inflation to a multi-year low.

The RBI reduced the key repo rate to 6% from 6.5%, making two successive cuts of 25 basis points in its latest monetary policy sessions.

Additionally, the positive outlook for the banking stock was bolstered by recent news that prominent investor Rekha Jhunjhunwala included Canara Bank in her portfolio during the quarter that ended on March 31, 2025, acquiring a 1.46% stake in the public sector bank.

She had previo...