Jul 01, 2021 01:05 PM IST
Account-holders of various private banks like Axis and IDBI bank, along with public sector banks like Canara Bank, Bank of Baroda, Syndicate Bank, and SBI, one of India’s largest lenders will be impacted
- Jun 15, 2021 08:54 PM IST
Following the board nod, Canara Bank said, the bank has sought the approval from the Reserve Bank of India for participating in NARCL as sponsor contributing 12 per cent stake.
- Jun 11, 2021 02:46 PM IST
Canara Bank also announced the discontinuation of the current swift code being used by the erstwhile Syndicate Bank customers for foreign exchange transactions.
- May 28, 2021 03:51 PM IST
The Board has approved the capital raising plan of the bank for the Financial Year 2021-22 amounting up to Rs 9,000 crore by way of equity and debt instruments.
- May 28, 2021 12:34 PM IST
The Canara Chikitsa healthcare credit facility will offer loans from over Rs 10 lakh to Rs 50 crore to registered hospitals, nursing homes, medical practitioners, diagnostic centres, pathology labs and all other units engaged in the servicing healthcare infrastructure.
- May 27, 2021 09:58 AM IST
Both Canara Bank and SBI reported strong earnings for the March 2021 quarter.
- May 24, 2021 03:01 PM IST
However, the bank has not mentioned how much amount it plans to raise during 2021-22.
- May 20, 2021 09:11 AM IST
- May 20, 2021 09:00 AM IST
- May 18, 2021 04:17 PM IST
Net interest income, the difference between interest earned and interest expended, surged 68.4 percent year-on-year to Rs 5,589.2 crore in Q4 FY21, missing analysts' estimates.
- Mar 24, 2021 09:05 PM IST
The properties being put up for auction are spread across cities, including Delhi, Mumbai, Kolkata, Bengaluru and Chennai, and also other semi-urban pockets, the statement said.
- Mar 04, 2021 11:29 AM IST
"We have been informed by the Indian Banks’ Association (IBA) that the United Forum of Bank Unions (UFBU) has given a call for strike in the banking industry on March 15 and March 16, for issues relating to industry level and not for any bank level issues,” Canara Bank said in a regulatory filing.
- Feb 08, 2021 10:38 AM IST
Canara Bank will offer a 2.95 percent interest rate for term deposits with a maturity period 7-45 days. The bank will give 3.9, 4 and 4.45 percent for FDs with maturity period 46-90 days, 91 days to 179 days and 180 days respectively to less than 1 year after the revision.
- Jan 28, 2021 10:31 AM IST
The public sector lender reported a 9 percent YoY decline in net profit to Rs 696 crore in the December quarter, with a 61 percent jump in provisions to Rs 4,686 crore taking a hit on the bottom line.
- Jan 27, 2021 11:27 PM IST
The bank amalgamated Syndicate Bank with itself effective April 1, 2020. The financials as of December 2019, March, June and September 2020 are combined figures of both banks.
- Jan 27, 2021 07:11 PM IST
- Jan 27, 2021 07:11 PM IST
- Jan 25, 2021 09:40 PM IST
Total income during the October-December period of 2020-21, however, fell to Rs 502.76 crore as against Rs 516.79 crore in the same period of 2019-20
- Jan 20, 2021 06:44 PM IST
Net Interest Income (NII) is expected to increase by 15.3 percent Y-o-Y (down 2.9 percent Q-o-Q) to Rs. 6,116.5 crore, according to Emkay.
- Jan 01, 2021 08:22 AM IST
As at September-end 2020, the bank's capital to risk-weighted assets ratio (CRAR) stood at 12.77 per cent. Out of this, tier-I was 9.54 per cent and tier-II was 3.23 per cent.
- Dec 30, 2020 10:52 PM IST
The central probing agency had earlier booked IVRCL and its directors on a complaint from the State Bank of India and raided their premises for an alleged fraud worth over Rs 4,800 crore against a consortium of banks.
- Dec 19, 2020 06:18 PM IST
In a clarification, Canara Bank said the bank's exposure to the Transstroy India is of Rs 678.28 crore contrary to news claiming it to be an alleged fraud of Rs 7,926 crore.
- Dec 18, 2020 11:30 PM IST
While Canara Bank filed a complaint of fraud to the tune of Rs 7,926 crore against Hyderabad-based Transstroy (India) Ltd, State Bank of India has filed a complaint of fraud of Rs 313.79 crore against Chennai-based Agnite Education Ltd.
- Dec 10, 2020 10:49 PM IST
The sub-committee approved the "issue price at the floor price of Rs 103.50 per equity share…for an aggregate value of Rs 2,000 crore to be allotted to eligible qualified institutional buyers in the QIP", the bank said.
- Dec 08, 2020 10:15 AM IST
The sub-committee of the board — Capital Planning Process of the bank, at its meeting held on December 7, authorised the opening of the QIP issue and approved the floor price of Rs 103.50 per equity share, Canara Bank said in a regulatory filing.