Page 22 - Canara Bank

Public sector banks merger: Modi govt to announce big bang plan soon

Finance ministry has called a meeting with chief executives of ten public sector banks on Friday

Canara Bank cuts lending rates by 10 basis points across all tenors

With this revision, Canara Bank has cumulatively reduced its MCLR by 20 bps during the last six months and thus, one-year MCLR has come down to 8.50 per cent per annum from 8.70 per cent earlier

Canara Bank Q1 net rises 17% to Rs 329 crore on bad loan reduction

The bank had registered a net profit of Rs 281.49 crore in the April-June period of 2018-19

Canara Bank back in black in FY19 with Rs 347-crore net profit

During Q4, the lender clawed back close to Rs 2,000 crore of tax expenses.

Canara Bank Q4 net loss narrows to Rs 551 cr as bad loans lower

Total income of the bank during the March quarter rose to Rs 14,000.43 crore, compared to Rs 11,555.11 crore in the year-ago period,

Icra downgrades some debt instruments of Canara Bank over earnings profile

Canara Bank said ratings on its additional Tier-I bonds worth Rs 1,500 crore has been downgraded to 'AA-', with a stable outlook, from 'AA' with negative outlook

Karnam Sekar to take over as MD, CEO of Indian Overseas Bank from July 1

Murali Ramaswami, executive director at Vijay Bank, will move to Bank of Baroda

Canara Bank Q3 net up over two-fold to Rs 317.5 cr as NPA provisioning dips

Provisions and contingencies during the reported quarter stood at Rs 1,977.34 cr, as compared to Rs 2,673.64 cr in the same period of 2017-18

Canara Bank to sell stake in Small Industries Development Bank of India

Canara Bank has invited bids at a floor price of Rs 225 per share, according to the Request for the Proposal floated by the bank

PSBs' selection panel seeks application for the post of Canara Bank MD

The post of MD and CEO of Canara Bank is lying vacant since superannuation of Rakesh Sharma on July 31, 2018

Canara Bank sees improvement in bad loan ratios in coming quarters

A decent cash recovery from resolution of Essar Steel, Binani Cement, Odisha Slurry accounts to help the lender reduce its NPA levels

Canara Bank Q2 profit rises 16% to Rs 3 bn; net interest rate grows 18%

Global deposits improved by 11.18 per cent, while domestic deposits growth was higher at 15.95 per cent

Banks Board Bureau invites applications for post of MD, CEO of Canara Bank

The post of MD and CEO fell vacant at Canara Bank upon retirement of Rakesh Kumar Sharma on July 31, 2018

Canara Bank to hire social media agency for customer outreach and promotion

The bank is looking for a social media service provider who can assist in creating and managing a strong social media presence

Canara Bank to raise Rs 10 billion under employee stock purchase scheme

PNB, Allahabad Bank and United Bank have already announced plans under employee stock option schemes

Canara Bank sees credit growth at 14% this fiscal; plans to raise Rs 70 bn

N Sivasankaran, Chief Financial Officer of Canara Bank told Business Standard that the capital raising plan is primarily aimed at funding the credit growth

UK regulator slaps Rs 80 mn fine on London branch of Canara Bank

FCA in a notice said it had imposed a penalty of £896,100 on the bank and restricted it from accepting deposits from new customers for 147 days

Canara Bank posts Rs 48.6 bn Q4 loss as NPAs triple to Rs 87.6 bn

Gross bad loans as a percentage of total loans rose to 11.84% at end-March

Canara Bank to shut three branches in Leicester, Bahrain and Shanghai

Rakesh Sharma, bank's managing director and chief executive officer, told Business Standard that the board of directors had given a nod for overseas branch rationalisation plan

Canara Bank to raise Rs 4.5 billion via offloading stake in Canbank Factors

Canara Bank is contemplating a number of steps to augment its capital position