Page 15 - Canara Bank

Canara Bank raises Rs 1,500 crore via Basel-III compliant bond

State-owned Canara Bank on Thursday said it has raised Rs 1,500 crore by issuing Basel-III compliant bonds. "Our bank came out with issuance of Rs 1,500 crore of additional tier I bonds on 30th November 2021. "The bank received total bid amount of Rs 4,699 crore, out of which full issuance of Rs 1,500 crore was accepted at 8.05 per cent," Canara Bank said in a regulatory filing. To comply with Basel-III capital regulations, banks globally need to improve and strengthen their capital planning processes. These norms are being implemented to mitigate concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks. Shares of Canara Bank closed at Rs 207.10 apiece on BSE, up 0.15 per cent from the previous close.

Stocks to Watch: RIL, Asian Paints, PVR, SBI, Axis Bank, Dixon, Onward Tech

Reliance Industries has decided to implement a Scheme of Arrangement (Scheme) to transfer Gasification Undertaking into a wholly-owned subsidiary (WOS)

SBI, Axis, Canara likely to raise Rs 7,500 crore via AT I bonds before 2022

The country's largest lender, SBI, is looking at raising an additional Rs 4,000 crore, Axis Bank Rs 2,000 crore and Canara Bank Rs 1,500 crore

CARE upgrades by a notch AT1 bonds ratings of 4 state-owned lenders

Agency sees improvement in capital cushions over minimum regulatory requirement, improvement in profitability.

Canara Bank hits over 2-year high; stock zooms 62% from QIP price

The stock was up 6% to Rs 242.60 and has rallied 62% against qualified institutional placement (QIP) price of Rs 149.35 per share

Bank's vengeful conduct can invite punishment

The award of compensation is governed by Sec 73 of the Indian Contract Act, which says a party who suffers due to breach of contract is entitled to compensation for the natural loss

Fund Pick: Why Canara Robeco Bluechip Equity Fund is a winner

The fund's investment objective is to provide capital appreciation by predominantly investing in companies having a large market capitalisation

ICRA upgrades tier I, II bonds of Canara Bank and Punjab National Bank

The solvency is expected to get a further boost from expectations of steady internal capital accruals, the rating agency said in a statement

Canara Bank stock surges 10%, hits 21-month high in a subdued market

Ace investor Rakesh Radheshyam Jhunjhunwala held 29.10 million equity shares or 1.6 per cent stake in Canara Bank as on September 30, 2021.

Canara Bank Q2 net triples to Rs 1,333 cr on surge in non-interest income

NII shrinks 0.5% to Rs 6,273 cr; asset quality profile is broadly stable

Canara Bank net profit jumps over two times to Rs 1,333 cr in Sep qtr

State-run Canara Bank on Tuesday reported over two-fold jump in its net profit at Rs 1,332.61 crore in second quarter ended September of this fiscal. The bank had posted net profit of Rs 444.41 crore in the same period of the previous fiscal year. Total income of the bank also rose to Rs 21,331.49 crore during July-September period of 2021-22, as against Rs 20,793.92 crore in same period of 2020-21, Canara Bank said in a regulatory filing. Bank's gross non-performing assets (NPAs) were a tad up at 8.42 per cent of the gross advances as of September 30, 2021, as against 8.23 per cent by end of September 2020. However, it fell sequentially from 8.50 per cent by end of June 2021 quarter. In value terms, the gross NPAs stood at Rs 57,853.09 crore, up from Rs 53,437.92 crore. Net NPAs (bad loans), however, fell to 3.21 per cent (Rs 20,861.99 crore) from 3.42 per cent (Rs 21,063.28 crore). Provisions for bad loans and contingencies for the reported quarter fell to Rs 3,360.23 crore fro

Stocks to Watch: RPSG Ventures, Axis Bank, Bajaj Fin, CanBank, Ceat, ABB

Valuation and inflation worries, high crude prices and sustained selling by foreign funds may weigh on market sentiment, while stock specific action shall continue

State-owned Canara Bank raises Rs 1,500 crore through bonds

Stock of Canara Bank closed 1.71 per cent up at Rs 201.95 on BSE.

Stocks to watch: MTAR Tech, Marico, ZEEL, Future Retail, Canara Bank, CIL

State-owned CIL on Tuesday said its board has given an in-principle approval to a pre-feasibility report for setting up of an integrated greenfield aluminium project in Odisha

State-owned Canara Bank cuts MCLR by up to 15 bps

Meanwhile, DCB Bank also reduced its MCLR by 0.05 per cent across tenors, effective from October 6.

Rakesh Jhunjhunwala-owned PSB stock hits 52-week high in a weak market

Canara Bank hit a 52-week high of Rs 178.90, up 3 per cent on the BSE in Friday's intra-day trade

Govt extends tenure of Canara, Bank of India EDs by 2 years

The government has extended the tenure of two executive directors of Canara Bank and Bank of India for two years, the state-run lenders said on Monday. Canara Bank in a regulatory filing said that the central government has extended the term of office of A Manimekhalai, Executive Director, for a period of two years beyond her currently notified terms that expires on 10 February 2022, or until further orders, whichever is earlier. Bank of India in a separate filing said that the term of office of P R Rajagopal, Executive Director, has been extended for a period of two years, beyond his currently notified term or until further orders, whichever is earlier. His current term was to expire on February 28, 2022, the bank said. The banks said the government informed them about the extension given to these executive directors through notifications on August 26, 2021. The government last week extended the term of executive directors of various public sector banks. It also extended the terms

QIP, Jhunjhunwala stake buy: Canara Bank can rise 31% from here, charts say

Rakesh Jhunjhunwala has picked a 1.59 per cent stake in the state-owned lender

Stocks to watch: Canara Bank, Wipro, Tata Steel, Adani Ports, ICICI Bank

CARE Ratings has revised its outlook on Dollar Industries' long-term facilities from Stable to Positive

Stocks to watch: Aptus Value, Chemplast, Maruti, Eicher Motors, Canara Bank

The Board of Eicher Motors decided to unanimously reappoint Siddhartha Lal as managing director (MD) with a revised remuneration package