Page 4 - Canara Bank

Canara Bank Q4 results: PAT rises 28%, targets 11% loan growth in FY26

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 Q4FY results: Net profit rises 33% to Rs 5,004 crore

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 Q4 net profit rises 33% to Rs 5,004 crore despite NIM drop

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 result: Net profit rises 33% to ₹5,003 cr, dividend declared

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

PSU banks trade mixed post SC verdict on JSW Steel; should you buy the dip?

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

SBI, PNB: Should you buy or sell PSU bank stocks post JSW Steel SC order?

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.

PNB, Canara Bank to dilute stake in Canara HSBC Life Insurance through IPO

Company files DRHP; Canara to dilute 14.5% stake while PNB will dilute 10% stake

India's Canara Robeco Asset Management Company files paper for IPO

Canara Bank will reduce its stake in the asset manager by 13% by selling 25.92 million shares via the listing. ORIX will sell 23.93 million shares

Canara Bank cuts lending rates, making loans cheaper for customers

Canara Bank has reduced its Repo Linked Lending Rate by 25 basis points; home loans start at 7.90% and vehicle loans 8.20%

CBI seeks NBW against Mehul Choksi in Canara Bank cheating case

Days after diamantaire Mehul Choksi was arrested in Belgium, the CBI approached a court here seeking a Non-Bailable Warrant against him in another case where he and others are accused of cheating a Canara Bank-led consortium of Rs 55.27 crore. Choksi, a prime accused in the alleged multi-million dollar Punjab National Bank fraud, was arrested in Belgium on April 12 following an extradition request by Indian probe agencies. The Central Bureau of Investigation, probing the Canara bank cheating case, approached the special CBI court here on Wednesday seeking an NBW against him. However, judge V P Desai sent the matter to a magistrate's court, saying his court had no jurisdiction. The judge cited a Supreme Court judgement which states that for a special CBI court to try a case under the Prevention of Corruption (PC) Act, there must be alleged involvement of a public servant. In the present case, the charge sheet was filed only against private persons for offences under Indian Penal .

NCLAT allows banks to proceed against ex-IL&FS directors not on new board

The National Company Law Appellate Tribunal (NCLAT) has allowed state-owned Canara Bank and Indian Bank to pursue proceedings against former IL&FS directors, who are not part of the new board, to declare them as wilful defaulter. However, the appellate tribunal said those directors who are part of the new board of Infrastructure Leasing & Financial Services (IL&FS) and its various subsidiaries after October 1, 2018, would remain protected. "We are of the view that this protection shall extend to Professional Directors who have been reappointed in IL&FS and its subsidiaries who are the part of the present board. With respect to IL&FS and IL&FS Group...we grant leave to the bank to make an application for proceeding against them," said a two-member NCLAT bench comprising Chairperson Justice Ashok Bhushan and Member Barun Mitra. The government had appointed a new board of IL&FS on October 1, 2018, after a Rs 90,000 crore debt surfaced, which had then sent ...

REC, Canara Bank raise Rs 10K cr via bonds; Ireda plans perpetual issue

Nabard, Sidbi to tap market this week to raise Rs 17,000 crore; Ireda eyes Rs 2,000 crore via perpetual bonds

REC, RBL, PNB: Bank, NBFC stocks rally as RBI to inject Rs 1.9trn liquidity

The Nifty PSU Bank index rose 1.46%, or 86.3 points to hit an intraday high of 5,976.75, while the Nifty Bank index increased 0.72%, adding 349.15 points to hit an intraday high of 48,839.10

Domestic funds' stake in this stock up over 2900% in FY25; check full list

DIIs have doubled their shareholding, in terms of absolute number of shares held, in 46 out of the Nifty 500 companies in the last nine months, shows ACE equity data.

Canara Bank Q3 results: Profit rises 12.25% to Rs 4,104 cr, NII down 3%

Canara Bank Q3FY25 results: Gross non-performing asset (NPA) ratio declined to 3.34% of total advances as of December 2024, compared to 4.39% in December 2023

Canara Bank Q3 results: Net profit up 12.25% on non-interest income boost

The non-interest income, covering fees, commissions, treasury revenues, and recoveries, rose by 35.1 per cent Y-o-Y to Rs 5,802 crore

Q3 results Jan 27: Coal India, Tata Steel among 78 to post earnings today

Q3FY25 company results, January 27: Coal India, Bajaj Housing Finance, Canara Bank, and ACC will release their reports for the Oct-Dec 2024 quarter

RBI fines J&K Bank, BoI, Canara Bank for gaps in regulatory compliance

The Reserve Bank on Friday said it has penalised Jammu and Kashmir Bank, Bank of India, and Canara Bank for deficiencies in regulatory compliance. Jammu and Kashmir Bank has been penalised Rs 3.31 crore for contravention of certain norms related to financial inclusion - access to banking Services - Basic Savings Bank Deposit Account (BSBDA)', Know Your Customer' and Loans and Advances - Statutory and Other Restrictions'. In another release, the RBI said Rs 1 crore penalty has been imposed on the Bank of India for non-compliance with certain provisions of the Banking Regulation Act, 1949. A penalty of Rs 1.63 crore has been imposed on public sector Canara Bank for non-compliance with certain directions on priority sector lending, the interest rate on deposits and financial inclusion - access to banking services - BSBDA', the RBI said. Also, a penalty of Rs 1 lakh has been imposed on Datson Exports, West Bengal for non-compliance with certain directions issued by the RBI on Managing

Dynacons Systems & Solutions share price pops 5% on Rs 280 crore-deal win

The uptick in the Dynacons Systems & Solutions share came after the company announced that it has secured a Rs 280 crore project to upgrade the IT data centre infrastructure of Canara Bank

Tata Power, Canara Bank partner to offer loans for rooftop solar systems

The partnership underscores the push for clean energy solutions in India, which aims to achieve 500 GW of installed electric capacity from non-fossil sources by 2030