Page 8 - Canara Bank

Stocks to watch: Paytm, Voda Idea, CMS Info, Canara Bank, Andhra Cements

Stocks to watch on February 27, 2024: Vodafone Idea is likely to raise equity from new investors, diluting the stakes of existing shareholders when its board meets today

RBI penalises SBI, Canara Bank, City Union Bank for flouting norms

The RBI took action after conducting Statutory Inspection for Supervisory Evaluation (ISE 2022) of the three lenders with reference to their financial position as on March 31, 2022

Canara Bank board approves 5-for-1 stock split to increase affordability

The lender would need two months to get an approval for the stock split from the Reserve Bank of India, it said in an exchange filing

Limited opportunities with PSUs; bet on dividend yield, momentum: Bernstein

Within in PSU space Bernstein prefers ONGC, Coal India, IOC, Bank of Baroda, GAIL, BPCL, Canara Bank, HPCL, Oil India and MRPL.

Canara Bank raises Rs 2,000 crore funds from bonds at coupon of 8.40%

State-owned Canara Bank on Wednesday said it has raised Rs 2,000 crore by issuing bonds to fund business growth. The fund has been raised through non-convertible, taxable, perpetual, subordinated, fully paid up, unsecured Basel III compliant Additional Tier 1 bonds of face value Rs 1 crore each at a coupon of 8.40 per cent, Canara Bank said in a regulatory filing. Additional Tier I bonds qualify as core capital or equity capital, and it is one of the means of raising capital by banks.

Canara Bank raises Rs 2,000 crore in capital through Tier-I bonds

In January, the country's largest lender SBI raised Rs 5,000 crore in capital through Basel III compliant Additional Tier 1 bonds (AT-I) at a coupon rate of 8.34 per cent amid tight market conditions

Canara Bank considering stock split on Feb 26 to boost stock's liquidity

Canara Bank on Wednesday said it is planning split of the equity shares of the state-owned bank to boost the stock's liquidity. The decision in this regard will be taken by the bank's Board of Directors in a meeting, which is scheduled on February 26, Canara Bank said in a regulatory filing. The meeting's agenda is "to seek in principle approval from the board of directors for sub-division/split of the equity shares of the bank, subject to prior approval of Reserve Bank of India (RBI) and other statutory/regulatory/Government of India approvals, as may be required," it said. Shares of the bank were trading 4.16 per cent higher at Rs 542.95 per unit on the BSE.

This Rekha Jhunjhunwala-owned share nears Rs 1 trn mcap; plans stock split

Shares of Canara Bank hit multi-year high at Rs 550.50, as they rallied 6 per cent after the lender said its board will meet on February 26 to consider stock split.

Court allows Jet founder Goyal to undergo colonoscopy at private hospital

The superintendent of Arthur Road jail shall arrange sufficient escort at the expenses of the applicant (Goyal), the court said

Canara Bank has increased lending rates for NBFCs by 15-50 bps: CEO

The state-owned lender is cost conscious and will not focus on top line alone, says K Satyanarayana Raju

Canara Bank Q3 results: PAT up 26.86% at Rs 3,656 cr driven by loan growth

Net Interest Margins (NIM) for the third quarter stood at 3.03 per cent, compared to 3 per cent in the previous quarter and 3.05 per cent in the same period last year

Canara Bank Q3 profit jumps 29% to Rs 3,656 crore, NII rises 9.5%

State-owned Canara Bank on Wednesday posted a 29 per cent increase in its profit at Rs 3,656 crore in the third quarter ended December 2023. The bank had earned a net profit of Rs 2,832 crore in the same quarter a year ago. Total income increased to Rs 32,334 crore during the quarter under review against Rs 26,218 crore in the same period last year, Canara Bank said in a regulatory filing. The net interest income of the bank rose by 9.5 per cent to Rs 9,417 crore during the quarter. About asset quality, the bank said its gross Non-Performing Assets (NPAs) declined to 4.39 per cent of the gross loans by the end of December 2023 from 5.89 per cent a year ago. Similarly, net NPAs or bad loans came down to 1.32 per cent from 1.96 per cent at the end of the third quarter of the previous fiscal.

Central Bank of India Q3 results: Profit jumps 57% to Rs 718 crore

The state-owned Central Bank of India on Friday posted a 57 per cent increase in its profit at Rs 718 crore in the third quarter ended December 2023. The bank had earned a net profit of Rs 458 crore in the same quarter a year ago. Total income increased to Rs 9,139 crore during the quarter under review against Rs 7,636 crore in the same period last year, the Central Bank of India said in a regulatory filing. However, the net interest income of the bank declined to Rs 3,152 crore during the quarter compared to Rs 3,285 crore in the same period a year ago. Bank's gross Non-Performing Assets (NPAs) declined to 4.50 per cent of the total loans at the end of December 2023 from 8.85 per cent a year ago. Net NPAs or bad loans also came down to 1.27 per cent from 2.09 per cent at the end of the third quarter of the previous fiscal.

Federal Bank Q3 profit rises 25% to Rs 1,007 cr, NPAs down to 0.64%

Federal Bank on Tuesday posted 25 per cent increase in profit at Rs 1,007 crore for the third quarter ended December 2023. The bank had earned a net profit of Rs 804 crore in the same quarter a year ago. Total income increased to Rs 6,593 crore during the quarter under review from Rs 4,967 crore in the same period last year, Federal Bank said in a regulatory filing. The private sector bank earned an interest income of Rs 5,730 crore during the quarter compared to Rs 4,433 crore in the same period a year ago. Gross Non-Performing Assets (NPAs) of the bank declined to 2.29 per cent of gross loans by the end of December 2023 from 2.43 per cent a year ago. Similarly, net NPAs or bad loans came down to 0.64 per cent from 0.73 per cent at the end of the third quarter of the previous fiscal.

NARCL MD & CEO Natarajan Sundar quits, Canara Bank CGM on deputation

Sundar was with State Bank of India before taking charge at NARCL

Stocks to Watch today, Dec 6: Canara Bk, Somany, Zee Learn, Patanjali Foods

Stocks to Watch on Wednesday, December 6, 2023: Axis Bank has initiated Corporate Insolvency Resolution Process against Digital Ventures Private Limited, wholly-owned subsidiary of Zee Lear

Canara Bank plans to transfer credit card portfolio to its subsidiary

At the end of October, Canara Bank's credit card in force was 820,672. CCSL reported a net profit of Rs 7.86 crore during the second quarter of the current financial year

Five years on, co-lending's performance on the field may need a closer look

On paper, the co-lending model is a winner. But it calls for a high level of coordination: Policies would have to be agreed upfront between banks and NBFCs

GNFC, Canara Bank strong on charts; top technical picks by HDFC Securities

As per Vinay Rajani, in the October series, GNFC has seen a long build-up in the derivative segment, which confirms the uptrend

BFSI Summit 2023: Steady growth to continue, CEOs of public banks say

Ashwani Kumar, MD and CEO at UCO Bank said that the growth will be there due to budgetary push by the government, the G20 Summit and the production-linked incentive scheme