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Following a 50 bps policy rate cut by RBI, Union Bank revises its external benchmark lending rate, easing loan costs for retail and MSME borrowers
Despite private banks performing strongly in 2025 so far, the last three months have seen a sharp reversal, with PSU banks taking the lead.
PNB and Canara Bank have updated their fixed deposit rates, offering new opportunities for both general customers and senior citizens
The Nifty PSU Bank index has surged 30% from its March low, with 7 out of 12 bank stocks up more than 25%. Here's a technical outlook on key bank stocks - SBI, Bank of Baroda and Canara Bank.
Change effective from June 1, customers will no longer have to maintain a minimum balance in their savings bank accounts
This move is anticipated to benefit millions of Canara Bank customers, including salaried individuals, senior citizens, students, non-resident individuals, and first-time users of banking services
At 01:37 PM; Nifty PSU Bank index, the top gainer among financial indices, was up 2.6 per cent, as compared to 0.25 per cent decline in Nifty 50.
Stocks to Buy Today, May 29: Canara Bank share price, Hudco share price, and SBI Life share price have given fresh break out on charts and are poised for upside
State-owned lender, Canara Bank announces perks for senior and super senior citizens, depending on tenure of accounts
Amid muted deposit growth, Canara and Union Bank launch targeted deposit products offering higher interest, health insurance, and personalised support services
Corporate credit growth was around 10 per cent in FY25 and this year also we will maintain the same
Stocks to Watch on May 9, 2025: Britannia, REC, Titan, Kalyan Jewellers, Paytm are among stocks that will remain on investors' and traders' radar today
State-owned Canara Bank on Thursday reported a 28 per cent jump in its consolidated net profit to Rs 5,070 crore for the March quarter, helped by a dip in provisions and a rise in non-core income. The public sector bank had reported a net profit of Rs 3,951 crore in the year-ago period. Its post-tax profit for FY25 rose to Rs 17,540 crore from Rs 15,279 crore in FY24. Despite an 11 per cent loan growth, its core net interest income declined by 1.44 per cent to Rs 9,442 crore in the reporting quarter, hit by a 0.25 per cent narrowing in the net interest margin to 2.80 per cent. The non-interest income grew by 21.74 per cent to Rs 6,351 crore during the reporting quarter, driven by a 30 per cent jump in recoveries from written-off accounts to Rs 2,471 crore and a 15 per cent increase in treasury income of Rs 995 crore. The fresh slippages decreased to 2,655 crore, and the gross non-performing assets ratio improved to 2.94 per cent in March from 3.34 per cent three months ago. The .
Canara Bank posted a 33 per cent YoY rise in Q4 net profit to Rs 5,004 crore as other income rose 22 per cent while margins came under pressure amid rate cut transmission
Canara Bank posts strong Q4 profit growth driven by other income as NII dips 1.44 per cent and net interest margin narrows to 2.73 per cent amid higher cost of funds
Canara Bank Q4 FY25 result: The board has recommended a dividend of ₹4 per equity share of face value of ₹2 each to shareholders for FY25
State Bank of India (SBI), Indian Overseas Bank (IOB), Uco Bank, Central Bank of India and Union Bank of India slipped between 1 per cent to 2 per cent in intraday deals on Monday
Technical charts indicate a likely mixed outlook for state-run banking shares. Bank of Baroda and IOB stocks seem to be favourably placed, while PNB and Canara Bank may witness downward pressure.
Company files DRHP; Canara to dilute 14.5% stake while PNB will dilute 10% stake