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Canara Bank wrote off Rs 47,310Cr in 8 years, but recovered just 19%

Canara Bank wrote off Rs 47,310Cr in 8 years, but recovered just 19%

🕔12:44, 20.Oct 2020

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

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Canara Bank to seek shareholders’ nod for raising Rs 5,000 cr

Canara Bank to seek shareholders’ nod for raising Rs 5,000 cr

🕔07:13, 20.Jul 2020

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

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Canara Bank to raise up to Rs 8,000 cr via equities, bonds

Canara Bank to raise up to Rs 8,000 cr via equities, bonds

🕔19:50, 10.Jul 2020

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

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Canara Bank lowers interest rates on loans by 10 bps

Canara Bank lowers interest rates on loans by 10 bps

🕔18:49, 6.Jul 2020

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

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Canara Bank releases emergency credit facilities for MSMEs

Canara Bank releases emergency credit facilities for MSMEs

🕔17:34, 23.May 2020

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

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Canara Bank launches special gold loan business vertical

Canara Bank launches special gold loan business vertical

🕔18:40, 18.May 2020

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

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Canara Bank slashes interest rates on loans upto 35 bps

Canara Bank slashes interest rates on loans upto 35 bps

🕔17:22, 6.Apr 2020

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

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Undeterred by Covid-19, govt goes ahead with PSU banks merger

Undeterred by Covid-19, govt goes ahead with PSU banks merger

🕔11:21, 30.Mar 2020

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

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Canara Bank net up 22% in Q2

Canara Bank net up 22% in Q2

🕔09:27, 7.Nov 2019

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.

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Government to infuse Rs 55,250 crore in PSBs

Government to infuse Rs 55,250 crore in PSBs

🕔12:42, 31.Aug 2019

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

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Canara Bank posts Rs 552-crore loss in Q4

Canara Bank posts Rs 552-crore loss in Q4

🕔07:31, 11.May 2019

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.

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NTPC signed Term Loan of ₹2000 crore with Canara Bank

NTPC signed Term Loan of ₹2000 crore with Canara Bank

🕔14:51, 8.Apr 2019

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

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Canara Bank net profit rises 152% in Q3

Canara Bank net profit rises 152% in Q3

🕔21:07, 28.Jan 2019

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.

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Canara Bank posts net loss of Rs 4,859.77 cr in Q4

Canara Bank posts net loss of Rs 4,859.77 cr in Q4

🕔11:15, 11.May 2018

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

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Canara Bank calls off divestment process in Can Fin Homes

Canara Bank calls off divestment process in Can Fin Homes

🕔19:43, 31.Mar 2018

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

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CBI names six former Canara Bank officials in Rs 68 cr fraud

CBI names six former Canara Bank officials in Rs 68 cr fraud

🕔21:06, 19.Mar 2018

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

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Canara Bank gave Rs 40-crore loan to Kolkata IT firm

Canara Bank gave Rs 40-crore loan to Kolkata IT firm

🕔22:16, 1.Mar 2018

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

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Canara Bank bags Golden Peacock Award for Corporate Social Responsibility for 2016

Canara Bank bags Golden Peacock Award for Corporate Social Responsibility for 2016

🕔10:07, 28.Jan 2017

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

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Canara Bank net plunges 33 per cent in Q2

Canara Bank net plunges 33 per cent in Q2

🕔10:30, 27.Oct 2016

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,

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Canara Bank to get Rs.947 crore capital infusion

Canara Bank to get Rs.947 crore capital infusion

🕔10:58, 1.Sep 2015

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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