Page 22 - Canara Bank

Canara Bank Q3 net plunges 61% to Rs 1.26 bn due to higher NPA provisions

CMD Rakesh Sharma said, 'We had to make Rs 740 million provision on treasury bonds which affected the decline in profits'

Eyeing growth opportunities, Canara Bank not to sell stake in AMC business

Earlier in November, the bank had said it will sell stake, either in part or full, in subsidiary firm Canara Robeco Asset Management Company (AMC)

Canara Bank to raise up to Rs 3,500 cr through QIP

Canara Bank said stock closed 1.26 per cent higher at Rs 374.60 apiece on the BSE

Canara Bank to sell 4% stake in Canfin Homes

CFHL had registered a net profit of Rs 74.99 crore during the second quarter ended September

Canara Bank: Asset sale to reduce capital needs

Life insurance, housing finance, asset management key non-core assets

Canara Bank to sell stake in three subsidiaries to improve capital base

Canara bank, as per regulatory filing, has decided to go for monetisation of non-core assets by selling its shares in part or full in

Canara Bank to raise about $300 mn via overseas bonds

Banking sources said this is follow-on fundraising after it raised $400 million in August

Canara Bank hits overseas bond market with $400-mn issue

The Bangalore-based state-run bank has hit the forex debt market after a long gap

Canara Bank-led consortium seeks buyer for 270 Mw Maharashtra power plant

A Canara Bank-led consortium of lenders is scouting for a buyer for a 270 MW power plant in Maharashtra which came under corporate debt restructuring (CDR) plan. IDBI Capital Markets & Securities Ltd (IDBI Capital) has invited an expression of interest to take over the thermal power project on behalf of the consortium of lenders led by Canara Bank. "IDBI Capital invites expression of interest from the interested parties, who fulfils the qualification criteria and who may be willing to take over the management and control of the company by acquiring 100 per cent equity of the company," IDBI Capital has said in the EOI document. The last date of sending EOIs is August 8. The company has set up a 270 MW coal based thermal power plant located in Nagpur, Maharashtra. The project has achieved commercial operation during 2013-14, however, due to change in policy on price and distribution of all grades of coal by the coal ministry in 2012. The new rule allowed coal supply only to ...

Canara Bank to raise Rs 3,500 cr in equity

The bank had raised Rs 1,124 crore in March through a rights issues of equity shares

Canara Bank posts Rs 214-cr Q4 profit on lower bad loan provisions

Net NPAs at 6.33% showed a slight decline as against 6.42% a year ago, says Rakesh Sharma

Worst is over for us in stressed assets: Rakesh Sharma

Canara Bank in the fourth quarter reported sequentially better numbers on asset quality

Canara Bank posts fourth-quarter profit on lower bad loan provisions

The bank reported a March quarter net profit of Rs 214 crore

CBI books Canara Bank official for illegally exchanging demonetised notes

RBI had come out with stringent guidelines for exchanging these notes with new ones

Canara Bank SO syllabus and exam pattern out

The entrance examination is likely to be held in May-June 2017

Canara Bank sells 13.45% stake in Can Fin Homes

Divestment is seen as a part of the monetisation process of non-core assets of Canara Bank

Canara Bank to raise Rs 716 cr from stake sale in Can Fin

Board has given approval for the sale of 13.45 per cent stake in the mortgage firm

Canara Bank's Rs 1,124 cr rights issue to open on March 2

Proceeds will be utilised to fund business growth

Canara Bank Q3 profit up 3-fold at Rs 322 crore

The Bangalore-based state lender had a net profit of Rs 84.9 crore for the Oct-Dec quarter of FY16

Canara Bank profit declines 32.5%

The bank doubled provisions on non performing assets to 9.81% in the quarter as against 4.27% a year ago