News WrapGet Handpicked Stories from our editors directly to your mailbox

Canara Bank

Soon, OTP authentication for ATM cash withdrawals above Rs 10,000

Canara Bank has already begun the process of seeking OTP for ATM transactions carried out above Rs 10,000

Aug 27, 2019, 18:13 PM IST

Canara Bank to raise up to Rs 12,000 cr in FY'20

The board has approved raising up to Rs 6,000 crore including premium by way of Qualified Institutional Placements (QIP) or rights issue or preferential allotment or any other approved means during 2019-20 subject to market conditions and necessary approvals, Canara Bank said in a regulatory filing.

Jun 19, 2019, 10:50 AM IST

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

The bank had posted a net loss of Rs 4,859.77 crore during the corresponding January-March period of the preceding fiscal.

May 10, 2019, 18:43 PM IST

Canara Bank issues bonds from London branch to raise up to $400 mn

The bonds are set to mature on March 28, 2024.

Mar 22, 2019, 16:54 PM IST

Canara Bank Q3 profit jumps over twofold as bad loan provisioning dips

The bank had logged a net profit of Rs 125.75 crore in October-December 2017.

Jan 28, 2019, 18:11 PM IST

Canara Bank to raise up to Rs 3K cr via Basel III-compliant bonds

The decision was taken at the bank's board meeting held on Wednesday, it said in a regulatory filing.

Dec 20, 2018, 11:39 AM IST

CBI charges former Canara Bank chief in alleged loan fraud case

The Central Bureau of Investigation (CBI) filed charges on Monday against a former chairman of state-run Canara Bank and others over allegations that the officials helped a company defraud the bank of about $10.5 million taken in loans over four years ago.

Mar 19, 2018, 22:36 PM IST

Canara Bank to sell stake in three subsidiaries

The bank did not disclose how much money it plans to raise from selling its equity in the three companies.

Nov 21, 2017, 22:29 PM IST

Govt appoints executive directors in 9 public sector banks

Bajrang Singh Shekhawat has been appointed executive director of Central Bank of India.

Oct 10, 2017, 14:53 PM IST

Canara Bank cuts interest rate on savings bank accounts

However, the bank will continue to pay 4 percent interest on deposits of above Rs 50 lakh.

Sep 01, 2017, 16:08 PM IST

Canara Bank hits overseas bond market with $ 400-mn issue

The Bangalore-based bank has hit the forex debt market after a long gap.

Aug 05, 2017, 11:30 AM IST

Insolvency cases: SS Mundra says firms free to move higher courts

He also said that RBI is looking at the provisioning norms for the cases that have been or will be referred to IBC for resolution.

Jul 26, 2017, 16:31 PM IST

Canara Bank-led consortium seeks buyer for Maha power plant

A Canara Bank-led consortium of lenders is scouting for a buyer for a 270 MW power plant in Maharashtra which came under corporate debt restructuring (CDR) plan.

Jul 23, 2017, 12:21 PM IST

Canara Bank first-quarter net profit misses estimates; bad loans rise

Provisions for the quarter rose to 22.04 billion rupees from 14.93 billion rupees year ago.

Jul 19, 2017, 16:23 PM IST

Number of public sector banks may go down to 12 as government mulls consolidation

The 21 public sector banks would get consolidated to 10- 12 in the medium term, the official said.

Jul 16, 2017, 12:56 PM IST

Names of PNB, Bank of Baroda, Canara Bank to be changed after merger

Names of Punjab National Bank (PNB), Canara Bank and Bank of Baroda will be changed after merger according to the sectors. Watch full video to know top 10 business news of the day.

Jun 17, 2017, 12:10 PM IST

Canara Bank posts fourth-quarter profit on lower bad loan provisions

Indian public sector lender Canara Bank reported a profit for the fourth quarter, compared with a year-ago loss, on the back of lower provisions for bad loans.

May 08, 2017, 15:20 PM IST

Canara Bank cuts lending rate by 0.10% to 9.4% from April 1

Public sector Canara Bank on Thursday announced 0.10 percentage point reduction in its MCLR-based lending rate to 9.40 percent from April 1, making loans cheaper for consumers.

Mar 30, 2017, 23:15 PM IST

Canara Bank's Rs 1,124 cr rights issue to open on March 2

State-owned Canara Bank's Rs 1,124 crore rights issue will open on March 2 and the proceeds will be utilised to fund business growth.

Feb 20, 2017, 16:37 PM IST

Rishabh Pant on a roll, slams 34-ball 84 for Reliance 1 in 13th DY Patil T20 Cup

Pant, who has been named in India's T20I squad to play England, launched a breathtaking assault on Canara Bank's modest total of 120-7.

Jan 10, 2017, 20:43 PM IST