Last week, the bank had launched the qualified institutions placement (QIP), setting the floor price at Rs 155.58 per equity share
Honda Cars India Ltd (HCIL) on Monday said it has joined hands with Canara Bank to offer retail finance schemes to customers. The partnership facilitates HCIL customers to avail easy financing options and hassle free car loans from Canara Bank for purchase of models like Amaze, City, Jazz and WR-V, the company said in a statement. Special schemes for the auspicious festivities have also been offered to make this buying season even more attractive and rewarding, it added. The automaker said it has been partnering with multiple banks to offer such schemes across the country with a special focus on semi-urban to rural regions. The partnership with Canara Bank is an extension of our efforts towards enabling easy and convenient financing solutions for our customers. We always endeavour to enhance customer experience right from the point of purchase through years of car ownership. "We are confident that the tie-up with Canara Bank will help us meet the diverse finance requirements of ou
Earlier in the day, the 30-share index scaled mount 56,000 and hit a fresh record high of 56,118. The Nifty50, on the other hand, hit a new high of 16,702
Zydus Cadila received tentative approval from the US health regulator to market Lenalidomide capsules used for the treatment of various types of cancers
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Meeting quorum of board sub-committees becomes difficult sometimes, say bankers
The stock price has broken out on the daily line chart with higher volumes to close at its highest level since July 16, 2021
Net interest income rose by just 0.84 per cent in Q1FY22 to Rs 6,147 crore from Rs 6,096 crore a year ago
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Ind-Ra said the bank is unlikely to witness a capital erosion in FY22
"Currently, there are no signs which indicate that we are moving into a crisis or a bear market," said Chandan
Bad bank refers to a financial institution that takes over bad assets of lenders and undertakes resolution.
Till March, banks could hold on but not all of them will be in a position to stomach the impact of the second wave of the pandemic
The bank had raised Rs 2,000 crore through another QIP in December 2020.
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Stock of Canara Bank closed at Rs 161.85 apiece on the BSE, up by 5.37 per cent.
State-run Canara Bank on Friday announced three loan schemes as part of the fight against the pandemic under which it will offer healthcare credit, business and personal loan to individuals
The bank is looking to raise capital through a mix of equity and debt instruments
Analysts are bullish on the PSBs' bottom lines on the back of favorable base on NII, a seasonally higher fee quarter, and some recoveries from Bhushan Power
Its net interest income rose to Rs 5,589 crore in Q4FY21 from Rs 5,087 crore in Q4FY20