Page 13 - Canara Bank
F&O Strategy: Nandish Shah recommends a Bull Spread on Canara Bank
The technical analyst from HDFC Securities recommends buying Canara Bank 240 Call and simultaneously selling 250 Call for the September series.
 "F&O Strategy: Nandish Shah recommends a Bull Spread on Canara Bank")
BoB issues Rs 2,500 crore AT-1 bonds at 7.88%, cheaper than peers
Four PSU banks have raised Rs 7,800 crore AT-1 bonds so far in FY23 as credit demand booms
 "BoB issues Rs 2,500 crore AT-1 bonds at 7.88%, cheaper than peers")
Stocks to watch: TCS, Wipro, Future Ent, IDBI Bank, Adani Green, ONGC, NHPC
Stocks to watch today: Canara Bank plans to raise up to Rs 3,500 crore through tier II bonds; TCS clarified that it would pay 100 per cent of variable payout in the June quarter of FY23.
 "Stocks to watch: TCS, Wipro, Future Ent, IDBI Bank, Adani Green, ONGC, NHPC")
Sensex up 54 pts, Nifty holds 17,600; NDTV gains 5%, Adani Enterprises 4%
CLOSING BELL: Technically, shares of NDTV have rallied four-fold since December 2021, staging one of its biggest rally since 2007-08
 "Sensex up 54 pts, Nifty holds 17,600; NDTV gains 5%, Adani Enterprises 4%")
Stocks to watch: NDTV, RIL, Canara Bank, Tata Motors, NTPC, NHPC, Hindalco
Stocks to watch today: Adani Group plans to buy 29.18 per cent stake in NDTV; Canara Bank plans to raise up to Rs 3,500 crore via tier II bonds.
 "Stocks to watch: NDTV, RIL, Canara Bank, Tata Motors, NTPC, NHPC, Hindalco")
Canara Bank to raise up to Rs 3,500 crore through Tier II bonds
Its last capital raise via Tier II bonds for Rs 2,500 crore was in December 2021 at coupon of 7.09 per cent
 "Canara Bank to raise up to Rs 3,500 crore through Tier II bonds")
Canara Bank to raise up to Rs 2,000 cr via Basel-III Tier-II bonds
Canara Bank plans to raise Rs 2,000 crore, which includes Rs 1,000 crore through Basel-III Tier-II bonds maturing in 10-years, market participants said
 "Canara Bank to raise up to Rs 2,000 cr via Basel-III Tier-II bonds")
Stocks to watch: Infosys, RBL Bank, HDFC Bank, Zomato, Sobha, L&T
Stocks to watch today: RBL Bank approved fund raise of up to Rs 3,000 crore to fund the lender's business growth; HDFC Bank plans to raise funds worth Rs 2,500 crore through issuance of Tier-1 bonds.
 "Stocks to watch: Infosys, RBL Bank, HDFC Bank, Zomato, Sobha, L&T")
HDFC Bank plans Rs 2,500-crore tier-1 bond sale amid firm credit offtake
HDFC Bank's Tier-1 bonds could be priced around 7.9-7.95 per cent, sources said
 "HDFC Bank plans Rs 2,500-crore tier-1 bond sale amid firm credit offtake")
Higher FD rates will not lure equity market investors for now: Analysts
Over the past few years, the return from the stock market has been far higher amid abundant liquidity that poured in from foreign and domestic investors
 "Higher FD rates will not lure equity market investors for now: Analysts")
Bank of Baroda to increase MCLR rates by up to 0.2% from August 12
The interest rate hike comes after the Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC) raised the benchmark repo rate by another 50 bps to 5.40 per cent last week
 "Bank of Baroda to increase MCLR rates by up to 0.2% from August 12")
SBI likely to issue Rs 7,000-cr additional tier-I bonds by August-end
Last month, SBI's board had provided approval for raising up to Rs 11,000 crore via additional tier-I and tier-II bonds to meet regulatory requirements and support business growth
 "SBI likely to issue Rs 7,000-cr additional tier-I bonds by August-end")
Canara Bank Q1 net up 71.8% YoY to Rs 2,022 cr on higher interest income
Sequentially, its net profit rose 21.4%; lender's treasury income rises despite hardening yields
 "Canara Bank Q1 net up 71.8% YoY to Rs 2,022 cr on higher interest income")
Stocks to watch: Infosys, RIL, ICICI Bank, YES Bank, Glenmark, Tata Motors
Stocks to watch today: Axis Bank, Tata Steel will report their June quarter 2022 results (Q1FY23) on Monday, July 25; Infosys delivered net profit for Q1 below street expectations at Rs 5,360 crore.
SBI board approves Rs 11,000 cr capital raise via AT1, tier-II bonds
Money to be raised in rupees, dollars or other convertible currency; lender's CAR at 13.83%, with tier-I of 11.42% and Tier-II of 2.41%, March-end
Stocks to Watch: RIL, HUL, ONGC, NTPC, Ambuja, HDFC Life, Grasim, Vedanta
Stocks to Watch Today: CEAT, Havells, IndusInd Bank, Mastek, OFSS, RIIL, Syngene International, Tata Communications and Wirpo to announce Q1 results on Wednesday.
 "Stocks to Watch: RIL, HUL, ONGC, NTPC, Ambuja, HDFC Life, Grasim, Vedanta")
Canara Bank raises Rs 2,000 cr by issuing Basel III compliant bonds
"The bank received total bid amount of Rs 5,719 crore, out of which full issuance of Rs 2,000 crore was accepted at 8.24 per cent," Canara Bank said in a regulatory filing.
Canara, Union Bank to raise around Rs 4,000 cr via AT-1 bonds by next week
Union Bank plans to raise up to Rs 2,000 crore while Canara Bank plans to issue AT-1 bonds worth up to Rs 2,000 crore, say sources
 "Canara, Union Bank to raise around Rs 4,000 cr via AT-1 bonds by next week")
Canara Bank and HDFC Bank hike MCLR, month after RBI raised repo rate
Canara Bank's overnight and one-month MCLR are at 6.75 per cent now and HDFC Bank's website, the private lender's overnight MCLR now stands at 7.70 per cent
 "Canara Bank and HDFC Bank hike MCLR, month after RBI raised repo rate")
Canara Bank raises MCLR by 10 basis points to 7.50% with effect from July 7
Among other MCLRs from overnight to six-month tenors, the new rates will be in the range of 6.75-7.45 per cent.