New Delhi, Oct 20 Canara Bank has written off bad loans worth thousands of crore of rupees and recovered paltry amounts from big defaulters. According to a report in Money Life, like other PSBs, Canara Bank also refused to share
New Delhi, July 20 Canara Bank will seek its shareholders’ approval, in its upcoming Annual General Meeting on August 10, to raise Rs 5,000 crore through various modes including rights issue, qualified institutional placement among other available options. In its
Mumbai, July 10 Canara Bank on Friday said that its Board of Directors has approved raising of up to Rs 5,000 crore of equity share capital and up to Rs 3,000 crore through bonds during the financial year 2020-21. The
New Delhi, July 6 Canara Bank has reduced marginal cost of funds-based lending rate (MCLR) on loans and advances across all tenors with effect from July 7. The interest rate has come down by 10 basis points (bps). Accordingly, MCLRs
New Delhi, May 23 In order to meet the temporary liquidity mismatch arising out of COVID-19 outbreak, Canara Bank has announced ‘CANARA CREDIT SUPPORT’ for all of their borrowers who have been affected by COVID-19. The Canara Credit Support is
New Delhi, May 18 Canara Bank on Monday said that it has launched a special business vertical dedicated for gold loans. In a statement, the bank said that its gold loan products are designed keeping in mind the need for
New Delhi, April 6 Canara Bank has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans and Advances across all tenors with effect from April, for the amalgamated entity. The bank has reduced interest rate by 35
New Delhi, March 28 The government is going ahead with the plan to consolidate public sector banks, undeterred by the spread of Covid-19 that has disrupted business across the country, including banking operations. Accordingly, the amalgamation of the Oriental Bank
Bengaluru, Nov 7 State-run Canara Bank on Wednesday reported Rs 365 crore standalone net profit for the second quarter (Q2) of the current fiscal (2019-20), registering 22 per cent year-on-year (YoY) growth from Rs 300 crore in the year-ago period.
New Delhi, Aug 31 The government on Friday announced Rs 55,250 crore upfront capital infusion in PSU banks for credit growth and regulatory compliance to support the merging lenders. The declaration came after the government announced the mega-merger of 10
Bengaluru, May 11 State-run major Canara Bank on Friday reported a lower Rs 552-crore standalone net loss for the fourth quarter (January-April) of the fiscal 2018-19 as compared to Rs 4,860-crore net loss in the same period a year ago.
A term loan agreement for ₹2000 crore was signed with Canara Bank on 5th April, 2019. The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank. This loan has a door to door tenure
Bengaluru, Jan 28 (IANS) State-run Canara Bank on Monday reported Rs 318 crore net profit for the third quarter of fiscal 2018-19, registering a whopping 152 per cent annual growth from Rs 126 crore in the same period a year ago.
Mumbai, May 11 State-run Canara Bank on Friday posted a net loss of Rs 4,859.77 crore in the quarter ended March 31, 2018 due to nearly 200 per cent jump in provisioning for non-performing assets along with fall in total
Mumbai, March 31 State-run lender Canara Bank on Saturday said it has called off the divestment process of its entire stake in the housing finance company Can Fin Homes. In a filing to the BSE, the bank said it has cancelled
New Delhi, March 19 The CBI on Monday filed a chargesheet against state-run Canara Bank’s former CMD and five of his colleagues for cheating the bank in 2014 in collusion with a Delhi-based firm by defaulting over Rs 68.38 crore
Bengaluru, March 1 State-run Canara Bank on Thursday clarified that it gave only Rs 40 crore loan to the Kolkata-based RP Infosystems and its directors. “Under the consortium arrangement of 17 banks, we financed a working capital of Rs 40
Mumbai, January 2018: Canara Bank has been adjudged the WINNER of Golden Peacock Award for Corporate Social Responsibility for2016. Sri Dinabandhu Mohapatra, Executive Director received the Award from Gurudev Sri Sri Ravishankar, Founder of The Art of Living, in a
Bengaluru, Oct 27 State-run Canara Bank on Wednesday reported standalone net profit of Rs 357 crore for the second quarter (July-September) of this fiscal (2016-17, registering 33 per cent decline from Rs 529 crore in like period year ago.Sequentially, however,
Chennai, Sept 01 Public sector Canara Bank on Monday said its board has approved raising capital to the tune of Rs.947 crore from the central government on preferential basis.In a regulatory filing in the BSE, the bank said it had
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