Search result for 'Canara Bank'

Canara Bank Raises USD 300 Million via IFSC Unit

September 4, 2024 22:18

Canara Bank successfully raises USD 300 million through its International Financial Services Centre (IFSC) Banking Unit, boosting its financial strength and expanding its reach.

AgriSure Fund Launched: Rs 750 Cr for Agritech Startups

September 3, 2024 19:14

Union Agriculture Minister Chouhan launches Rs 750 crore AgriSure fund to support agritech startups and boost investments in the farm sector.

Canara Bank Raises Rs 3,000 Cr via Tier I Bonds

August 29, 2024 22:19

Canara Bank has raised Rs 3,000 crore through Tier I Bonds to support business growth. The bonds carry a coupon rate of 8.27% and are listed on the NSE.

Canara Bank Aims to Boost CASA Deposits to 33%

August 18, 2024 13:43

Canara Bank MD highlights focus on CASA deposit growth, aiming for 33% by FY end. Bank reports strong Q1 results with 10% profit rise and 11% business growth.

Canara Bank Raises Lending Rate by 5 bps | Consumer Loans Costlier

August 9, 2024 18:31

Canara Bank has increased its MCLR by 5 basis points across tenors, impacting consumer loans like auto and personal loans. The new rates are effective from August 12, 2024.

Interest Rates Unchanged: Realty, Auto Stocks Decline

August 8, 2024 17:10

Realty, auto and bank stocks fell on Thursday as RBI kept interest rates unchanged for the ninth consecutive policy meeting, citing high food inflation.

Wayanad Landslide: Canara Bank Donates Rs 1 Crore

August 7, 2024 14:18

Canara Bank contributes Rs 1 crore to the Kerala CM Relief Fund for Wayanad landslide relief and rehabilitation efforts. The donation comes from the bank's CSR funds.

RBI Appoints Rohit Das to Canara Bank Board

August 6, 2024 22:26

The Indian government has appointed Rohit Das as RBI nominee director on the board of Canara Bank, replacing R Kesavan. Das brings over 26 years of experience in banking.

Naresh Goyal's Bail Extended in ED Case

July 31, 2024 18:23

Bombay High Court extends interim bail of Jet Airways founder Naresh Goyal, accused in a money laundering case, on medical grounds for two months.

Canara Bank Q1 Profit Up 10% to Rs 3,905 Cr

July 25, 2024 14:07

Canara Bank's net profit rose 10% to Rs 3,905 crore in Q1 FY24, driven by lower bad loans. Total income also increased, while gross and net NPAs declined.

GVK Power Faces Insolvency: Loan Default Leads to NCLT Proceedings

July 16, 2024 19:01

GVK Power and Infrastructure Ltd faces insolvency proceedings after failing to repay loans to lenders, including ICICI Bank. The NCLT has appointed an interim resolution professional to manage the...

Sensex, Nifty Hit Record Highs: PSU Banks Shine

July 15, 2024 16:51

Indian stock markets surged to new highs on Monday, driven by strong gains in PSU bank shares and fresh foreign fund inflows. The Sensex closed at 80,664.86, while Nifty settled at 24,586.70.

Banking Sector Reforms: Govt to Amend Laws in Budget Session

July 12, 2024 15:33

The Indian government is expected to introduce amendments to banking laws during the upcoming Budget session to push banking sector reforms, including privatisation of public sector banks.

PSU Banks Pay ₹6,481 Cr Dividend to Govt - Canara, Indian, BoB, BoI

July 10, 2024 18:50

Four public sector banks, including Canara Bank and Indian Bank, paid a total of ₹6,481 crore in dividends to the government for FY 2023-24.

Kotak Mahindra Bank Shares Drop 2% Amid Adani-Hindenburg Row

July 2, 2024 17:54

Kotak Mahindra Bank shares fell over 2% on Tuesday, eroding its market cap by Rs 7,777 crore, following the company's involvement in the Adani-Hindenburg controversy. The US short-seller Hindenburg...

Canara Bank X Account Compromised: Investigation Underway

June 23, 2024 17:57

Canara Bank has confirmed that its X (formerly Twitter) account has been compromised. The bank is investigating the incident and working to regain access.

Canara Bank X Account Hacked: Customers Advised Not to Use

June 23, 2024 16:32

Canara Bank's official X account has been hacked. The bank is investigating and working to regain access. Customers are advised not to use the account until restored.

FSIB Recommends 5 CGM's for ED Posts in PSUs

June 17, 2024 21:57

The Financial Services Institutions Bureau (FSIB) has recommended five Chief General Managers for elevation to the position of Executive Directors in various public sector banks.

PNB to Sell 10% Stake in Canara HSBC Life Insurance

June 4, 2024 17:59

Punjab National Bank (PNB) will sell 10% stake in Canara HSBC Life Insurance Company through an IPO, reducing its holding to 13%.

PSU Stocks Surge 12% After Modi Victory Polls

June 3, 2024 14:35

Public sector units and state-owned banks rallied over 12% following exit polls predicting PM Modi's re-election. Nifty PSU Bank Index hit a record high.

Canara Bank to Dilute Stake in Canara HSBC Life Insurance

May 31, 2024 17:57

Canara Bank approves diluting 14.5% stake in its life insurance venture, Canara HSBC Life Insurance Company, through an IPO. The bank also plans to list its mutual fund subsidiary, Canara Robeco...

Canara Bank to Raise Rs 8,500 Crore via Bonds in FY25

May 31, 2024 16:25

Canara Bank's board approves raising Rs 8,500 crore through bonds to fund business growth in 2024-25, including Basel III Compliant Additional Tier I and Tier II Bonds.

Kyndryl & Nvidia Partner for GenAI Solutions

May 21, 2024 19:05

Kyndryl and Nvidia collaborate to accelerate adoption of AI-powered solutions, leveraging Kyndryl Bridge for end-to-end AI development across industries like BFSI, telecom, and healthcare.

Bank of Maharashtra Tops PSU Banks in FY24 Growth

May 19, 2024 12:45

Bank of Maharashtra recorded the highest growth in total business and deposits among PSBs in FY24, outperforming even SBI. BoM also leads in CASA growth and asset quality.

PSU Bank Mergers & Privatisation on Hold During Elections - DFS Secy

May 17, 2024 19:00

Financial Services Secretary Vivek Joshi says no comments on PSU bank mergers or privatisation during the Lok Sabha elections. Previous consolidation of PSBs in two tranches is mentioned.

MSCI India Index Adds 13 Companies: Canara Bank, JSW Energy & More

May 15, 2024 12:16

Canara Bank, JSW Energy, and 11 other companies will be included in the MSCI India index effective May 31, 2024, as per the latest index review. Three companies will be removed.

Public Sector Banks Profit Surges to Rs 1.4 Lakh Crore in FY24

May 14, 2024 12:56

Public sector banks in India recorded a massive 35% increase in profit in FY24, reaching Rs 1.4 lakh crore. This growth is attributed to government reforms and recapitalization efforts.

Canara Bank Q4 Profit Surges 18% to Rs 3,757 Crore

May 8, 2024 14:10

Canara Bank reported an 18% rise in its net profit to Rs 3,757 crore in Q4 FY24, driven by strong interest income and improvement in asset quality. Gross NPAs fell to 4.23% from 5.35% a year ago.

PSU Bank Stocks Plunge After RBI Tightens Project Finance Rules

May 6, 2024 18:38

PSU bank shares declined after the Reserve Bank of India proposed stricter rules for lending to projects under construction, impacting banks like PNB, Canara Bank, and Bank of Baroda.

Canara Bank Stock Split: Record Date Set for May 15

April 19, 2024 14:48

Canara Bank has announced May 15 as the record date for its stock split. The split aims to improve liquidity of the stock. The Reserve Bank of India has approved the split.

Canara Bank Launches Loan for Hospital Expenses & More

April 3, 2024 19:21

Canara Bank introduces a new loan product, Canara Heal, to cover hospitalisation expenses exceeding insurance limits. The bank also unveiled new savings accounts, UPI payment services, and HR...

Sitharaman Urges RBI to Meet Startups, Fintechs Monthly

February 26, 2024 22:05

India's finance minister calls for regular communication between RBI and startups, fintechs to address concerns. The meeting comes amid regulatory scrutiny of the fintech industry.

RBI Fines SBI, Canara Bank, City Union Bank Rs 3 Crore - PTI

February 26, 2024 19:07

The Reserve Bank of India (RBI) has imposed penalties totalling almost Rs 3 crore on State Bank of India, Canara Bank, and City Union Bank for violating regulatory norms.

FASTag: Paytm Payments Bank Removed From Authorized Issuers

February 16, 2024 11:24

IHMCL has removed Paytm Payments Bank from the list of authorized FASTag issuers due to regulatory concerns. Find out which banks are still authorized to issue FASTags.

Canara Bank Raises Rs 2,000 Crore Through Bonds

February 14, 2024 20:05

Canara Bank raised Rs 2,000 crore by issuing bonds to fund business growth. The bonds are non-convertible, taxable, and perpetual.

Canara Bank Stock Split: Board to Decide on Feb 26

February 7, 2024 11:25

Canara Bank's board will meet on February 26 to consider a stock split, aiming to increase liquidity. The decision is subject to RBI approval.

Canara Bank Profit Soars 27% on Lower Credit Cost

January 24, 2024 16:59

Canara Bank's net profit jumped 27% in Q3 FY24, driven by lower credit costs, improved asset quality, and higher interest income. Gross bad loans declined, while credit growth remained strong.

Canara Bank Q3 Profit Surges 29% to Rs 3,656 Crore

January 24, 2024 13:28

Canara Bank reported a 29% jump in its Q3 profit to Rs 3,656 crore, driven by increased total income and net interest income. Gross NPAs also declined.

Jet Airways Founder Seeks Medical Treatment in Money Laundering Case

January 23, 2024 21:06

Jet Airways founder Naresh Goyal, arrested in a money laundering case, seeks court permission to undergo endoscopy at a private hospital in Mumbai. The ED is probing the case.

Stock Market Outlook: Earnings, Global Trends to Drive Markets This Week

January 21, 2024 10:19

Analysts predict quarterly earnings, global trends, and foreign investor activity will shape stock markets this holiday-shortened week. Interest rate decisions from the BoJ and ECB, along with US...

Canara Bank Modernizes IT with Kyndryl

January 18, 2024 12:28

Canara Bank partners with Kyndryl for a 7-year contract to modernize and manage IT operations, aiming to enhance customer experience and become the 'Best Bank to Bank with' in India.

UPI-PayNow Linkage: Remittances from Singapore Now Live

January 11, 2024 15:09

Indians can now receive remittances from Singapore directly into their UPI accounts via the UPI-PayNow linkage, enabling real-time, secure, and cost-effective transactions.

Gold Loan NBFCs Maintain Market Lead Despite Bank Competition: Report

January 3, 2024 16:32

Gold-loan focused NBFCs retain over 60% market share despite increased competition from banks, according to a Crisil Ratings report. NBFCs have boosted clientele through branch expansion, online...

Finance Minister Reviews PSB Performance, Discusses Cyber Security

December 30, 2023 19:12

Finance Minister Nirmala Sitharaman met with heads of public sector banks to review their financial performance and discuss concerns related to cyber security and fraud. The meeting also focused on...

FM to Review PSB Performance, Govt Schemes

December 26, 2023 18:34

Finance Minister Nirmala Sitharaman to meet PSB heads on Saturday to review performance, implementation of govt schemes like PMJDY, KCC, and credit growth.

Finmin Asks Banks to Monitor Top 20 IBC Cases - PTI

December 22, 2023 22:39

India's Finance Ministry has instructed public sector banks to monitor the top 20 Insolvency and Bankruptcy Code cases. The ministry also emphasized the need for better customer service and...

FinMin Asks Banks to Monitor Top 20 IBC Cases

December 22, 2023 18:46

India's Finance Ministry has instructed public sector banks to closely monitor the top 20 Insolvency and Bankruptcy Code cases. The move aims to streamline bad asset management and ensure timely...

PSU Bank Performance Review: FinMin Meeting on Friday

December 19, 2023 20:52

Finance Ministry to hold meeting with PSU bank heads on Friday to review performance, including NPA management and working of NARCL.

PSBs Transfer Over Rs 11,617 Cr NPAs to NARCL - Finance Ministry

December 12, 2023 15:18

10 Public Sector Banks transferred over Rs 11,617 crore in NPAs to NARCL between January and November 2023, according to the Finance Ministry. NARCL has recovered Rs 16.64 crore so far.

Jet Airways Founder Goyal Seeks Bail in Bank Fraud Case

December 8, 2023 22:11

Jet Airways founder Naresh Goyal seeks bail in a Rs 538 crore bank fraud case at Canara Bank. He claims ED allegations against him are false.

Canara Bank Sells Factoring Subsidiary: RBI Approval

November 28, 2023 21:57

Canara Bank receives Reserve Bank approval to sell its stake in its factoring subsidiary, Canbank Factors Ltd. The bank also explores transferring its credit card and digital product portfolio to...

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