Page 14 - Canara Bank

Canara Bank Q4 net up 65% to Rs 1,666 cr on better net interest margins

Lender to raise up to Rs 9,000 cr in capital via AT1, tier-II bonds

Sensex sheds 867pts, Nifty 272pts; IT, financials crack; ITC bucks trend

The Midcap and Smallcap indices declined over 2 per cent each; The breadth too favoured the bears in 3:1 ratio.

Canara Bank standalone net profit jumps 65% in Q4 to reach Rs 1,666 crore

The Bengaluru-based bank registered a 65 per cent jump in its Q4 standalone net profit

IDRCL: Stakes of Canara Bank, SBI, PNB and Union Bank reduced to 5% each

The reduction of stake is on account of issuance of fresh shares on preferential basis to the existing shareholders

Canara Bank pares its stake in debt resolution firm IDRCL to 5%

Public sector lender Canara Bank on Thursday said it has reduced its stake in India Debt Resolution Company Ltd (IDRCL) to 5 per cent. The bad bank or the National Asset Reconstruction Company Ltd (NARCL) will acquire bad loans from banks to help clean up their books, while the IDRCL will handle the debt resolution process of these loans. With the current round of preferential allotment by IDRCL, equity stake of Canara Bank has now reduced to 5 per cent from previous holding of 14.90 per cent, the bank said in a regulatory filing. Public sector banks will hold 51 per cent stake in NARCL and 49 per cent in the debt management company IDRCL. Indian Banks' Association (IBA) was entrusted with the task of setting up the bad bank. Last month, the IBA moved an application before the Reserve Bank of India for a licence to set up the Rs 6,000-crore NARCL.

Future Enterprises defaults on Rs 93.99 cr payment to PNB and Canara Bank

Future Enterprises Ltd on Thursday said it has defaulted on payment of Rs 93.99 crore to Punjab National Bank and Canara Bank under the one-time restructuring (OTR) plan.

DHFL Case: CoC members nix recovery of Rs 40k cr, want Re 1 ascribed value

Some secured creditors of DHFL have filed a petition in SC against NCLAT order, which gives them more money than what they had bargained for.

Canara Bank raises Rs 1,000 cr through Basel-III compliant AT-1 bonds

The bonds carry coupon rate of 8.07 per cent per annum

Canara Bank raises Rs 1,000 cr through Basel-III compliant AT-1 bonds

The bonds carry coupon rate of 8.07 per cent per annum

Canara Bank raises Rs 1,000 crore in capital through AT1 bonds

Bond market sources said the interest in the paper by the Bengaluru-based lender was strong with a demand book size of 2.7 times

Canara Bank hikes fixed deposit rates by up to 25 basis points

The revised rates are effective from March 1, 2022, Canara Bank said in a statement

Canara Bank, IDFC: Budget 2022 gives wings to these financial stocks

IDFC Limited has crossed major resistance of Rs 65, which it had been struggling to conquer since late 2016

Canara Bank Q3 net rises 115.8% on steady growth in NII, dip in provisions

The bank's NII grew by 14.11 per cent to Rs 6,946 crore in Q3FY22 as against Rs 6,087 crore in Q3FY21.

Canara Bank shares jump nearly 9% after net profit jumps two-fold

Shares of Canara Bank on Thursday zoomed nearly 9 per cent after the company reported an over two-fold jump in net profit on a standalone basis for the December 2021 quarter. The stock jumped 8.77 per cent to settle at Rs 240.70 on BSE. During the day, it zoomed 9.46 per cent to Rs 242.25. On NSE, it rallied 8.76 per cent to settle at Rs 240.80. State-owned Canara Bank on Thursday reported an over two-fold jump in its net profit on a standalone basis to Rs 1,502 crore for the December 2021 quarter on the back of lower provisioning. The bank had posted a net profit of Rs 696 crore in the year-ago quarter. Sequentially, the net profit was higher by 13 per cent from Rs 1,333 crore in the quarter ended September 2021. Total income, however, fell marginally to Rs 21,312 crore during the October-December period of 2021-22, against Rs 21,365 crore in the same quarter of 2020-21, Canara Bank said in a regulatory filing. The bank's gross non-performing assets (NPAs) or bad loans rose to

Top headlines: Air India now a Tata property; Canara Bank Q3 net jumps 116%

Business Standard brings you the top headlines on Thursday

Sensex slips 581 pts amid hawkish US Fed, F&O expiry; Nifty holds 17,100

Sectorally, the Nifty PSU Bank index jumped a massive 5 per cent on the NSE, while the Nifty Bank and Private Bank indices added about a per cent each

Canara Bank's healthy Q3 result sparks rally in PSB; index jumps 3%

In Q3FY22, Canara Bank's asset quality improved with its gross non-performing assets (GNPA) ratio reducing to 7.80 per cent, down from 8.42 per cent as at September 2021.

SBI can rally to a new high, charts show; Canara Bank, J&K have 8% upside

The Nifty PSU Bank index needs to cross 2,850 to indicate further strength

Canara Bank raises Rs 2,500 crore through Basel-III compliant bonds

Canara Bank on Friday said it has raised Rs 2,500 crore by issuing Basel-III compliant bonds to a total of 10 allottees.

Stocks to Watch:GSK Pharma, Jet Airways, Rel Infra, auto, bank, FMCG shares

Traders may keep positions light owing to the weekend factor as uncertainty lingers around the threat of Omicron variant