Total income of the bank during the March quarter rose to Rs 14,000.43 crore, compared to Rs 11,555.11 crore in the year-ago period, Canara Bank said in a regulatory filing.
In the BSE Smallcap index, 60 percent of total 750 stocks were in the positive return on closing of April 16 and of which top 45 stocks rallied between 50-195 percent.
The bank has tapped into the extensive functionality of ACI’s UP Retail Payments solution for EMV shift.
'A term loan agreement for Rs 2,000 crore was signed with Canara Bank on April 5, 2019. The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank,' an NTPC statement said.
Canara Bank said the bonds are priced at 5-year US Treasury plus 170 basis points carrying a coupon of 3.875 per cent fixed payable half yearly.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a rise of 1.5 points or 0.01 percent. Nifty futures were trading around 11,385-level on the Singaporean Exchange.
The matter pertains to four-laning of 163-km stretch on NH-33 connecting Ranchi to Jamshedpur for which the National Highways Authority of India had chosen Madhucon Project Ltd on March 18, 2011.
Canara Bank has sharply bounced from an important support and can move higher.
Asset quality also improved during October-December period. Gross non-performing assets (NPA) as a percentage of gross advances were lower at 10.25 percent against 10.56 percent in previous quarter.
Net Interest Income (NII) is expected to decrease by 6.7 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 3,432.9 crore, according to Kotak.
The board has decided to raise additional tier-I capital through Basel III-compliant additional tier-I perpetual bonds in rupee terms for an amount not exceeding Rs 3,000 crore, the bank said.
SPA Securities recommended hold rating on Canara Bank with a target price of Rs 247 in its research report dated November 30, 2018.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 59.5 points or 0.56 percent. Nifty futures were trading around 10,587-level on the Singaporean Exchange.
HDFC Securities advises investors to accumulate long positions on Nifty with a stop loss below 10,500 levels for a target of 10,750 and beyond that at 11,000.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 23.5 points or 0.22 percent. Nifty futures were trading around 10,758-level on the Singaporean Exchange.
The company reported a quarterly net profit of Rs 299.5 crore, a 15.4 percent jump from the same quarter last year
Trends on SGX Nifty indicate a negative opening for the broader index in India, a loss of 71 points or 0.69 percent. Nifty futures were trading around 10,181- level on the Singaporean Exchange.
We expect Nifty to continue within a broader range of 10,100-10,700 in the near future and either side decisive breakout would trigger the next directional move.
The board approved proposal to raise equity share capital amounting up to Rs 250 crore through Qualified Institutional Placement route
While GTL has defaulted on Rs 459 crore loans from the bank, GTL Infrastructure owes Rs 541 crore to the lender.
The three-year term begins from the date of taking charge and will be subject to the normal age of superannuation of 60 years, BBB said in an advertisement inviting the application.
Currently, the bank's marketing and retail resources wing uses manual methods for managing its social media accounts.