Canara Bank Q3 net dives 87% to Rs 85 crore on NPA woes

Canara Bank Q3 net dives 87% to Rs 85 crore on NPA woes

Its percentage of net NPAs went up to 3.90 percent from 2.42 percent at the end of December 2014.

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Canara Bank Q2 net drops 16% to Rs 529 crore

The public sector lender had registered a net profit of Rs 626.84 crore in the corresponding quarter last year.

HDFC, Canara Bank, StanChart and others cut lending rate

HDFC, Canara Bank, StanChart and others cut lending rate

Country's largest mortgage lender HDFC and four other lenders, including Canara Bank and StanChart, cut their base rates by up to 0.25 percent, a move that will make home, auto and other loans cheaper.

Canara Bank, 3 others cut benchmark lending rates

State-owned Canara Bank, Corporation Bank and Bank of Mysore Monday reduced their benchmark lending rates by up to 0.25 percent, making home and auto loans cheaper.

Loans to be cheaper as HDFC Bank, Canara cut lending rate

Starting a fresh round of rate cuts after repeated calls from RBI, private lender HDFC Bank and state-run Canara Bank Monday lowered their lending rates by up to 0.35 percent, a move that will make home and other loans cheaper for consumers.

Govt to infuse Rs 947 crore in Canara Bank

It said the board of the bank at a meeting held today approved the proposal of issuing equity shares on preferential basis to the government in lieu of the capital infusion.

Banks seek shareholders' nod for Rs 5,934-crore capital infusion

Four public sector banks, including PNB and BoB, Saturday sought shareholders' approval for capital infusion of Rs 5,934 crore by issuing preferential shares to the government.

In a first, private sector professionals to head BoB, Canara Bank

Bank of Baroda and Canara Bank Friday became the first state-owned banks to be headed by private sector professionals as government announced appointment of MD and CEOs of five PSU lenders.

Canara Bank Q1 net falls 41% to Rs 478 cr as provisions mount

State-run lender Canara Bank today reported 40.65 per cent decline in net profit at Rs 478.84 crore in the first quarter ended June as it parked a higher share towards contingencies for bad loans.

Canara Bank ups ATM installation target to 1,000 this fiscal

The 27 public sector banks have plans to set up as many as 15,007 ATMs in the country this fiscal. In April-June, they added 3,037 machines.

Canara Bank hands over dividend of Rs 348.81 crore to govt

Canara Bank has paid a dividend of Rs.348.81 crores to the Government of India for the financial year 2014-15.

Moody's downgrades Bank of India, Canara Bank

Moody's downgrades Bank of India, Canara Bank

Rating firm Moody's Investors Service on Monday downgraded state-owned Bank of India (BoI) and Canara Bank a notch down in terms of Baseline Credit Assessments (BCAs), an indication of intrinsic or standalone financial strength of the company.

Nawada: First claim from Pradhan Mantri Suraksha Bima Yojana

The first claim from Pradhan Mantri Suraksha Bima Yojana has come from Nawada, Bihar.

Interviews for CEO posts at 5 large PSU Banks start from Monday

As many as 26 candidates, including executives from private sector banks, are to appear for the interviews on June 15 and 16, sources said.

Private bankers to be interviewed for CEO/MD post at 5 large PSBs

While the age limit was increased to 57 years, from 55 years earlier, the mandatory board-level experience for the applicants were reduced to one year from three years previously to invite more experienced talent for heading large public sector banks.

Loan fraud case: Delhi High Court grants bail to Matang Sinh

The Delhi High Court has granted anticipatory bail to former union minister Matang Sinh, facing arrest in a default case where he allegedly did not repay a Rs 67-crore loan taken from Canara Bank.

LIC raises stake in Canara Bank, BoB

Country's largest insurer Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7 percent through preferential allotment of shares.

Canara Bank reports Q4 net profit flat at Rs 613 crore

Canara Bank Monday reported an almost flat growth in net profit at Rs 613 crore during the fourth quarter of the 2014-15 fiscal as against Rs 611 crore in the same period last year, owing to rise in NPAs.

Canara Bank, OBC cut lending rates by up to 0.25%

Joining the rate-cut bandwagon, two state-owned lenders Canara Bank and Oriental Bank of Commerce on Friday cut base rates to 10 percent, which will lead to lower EMIs for their loan consumers.