Canara Bank

RBI Policy Impact: Financials gain, PSU Bank index rises 2% on CRR cut

Uco Bank, Indian Overseas Bank, Central Bank of India, Bank of Baroda, Canara Bank and Union Bank were up in the range of 2 per cent to 2.5 per cent.

Markets Today: RBI Policy, FIIs, Sensex, GIFT Nifty; Ganesh Infraworld IPO

Pre-market update: RBI policy decision likely to set the equity market trend on Friday; Strong FIIs buying a positive; Ganesh Infraworld likely to witness a bumper listing on the NSE SME platform.

Stocks to Watch, Dec 6: Vi, Canara Bank, rate sensitives, Nykaa, RITES

Stocks to Watch, Dec 6: From rate sensitives to Vodafone Idea (Vi) here is a list of stocks to remain in focus today

RBI approves Canara Bank's stake sale in MF, insurance subsidiaries via IPO

Canara Robeco AMC was established in 1993 and was initially known as Canbank Mutual Fund

Canara Bank increases fixed deposit rates, offers up to 7.90% interest

Senior citizen fixed deposits interest rates range from 4% to 7.90% on callable deposits with maturities from seven days to 10 years

Canara Bank classifies RCom and its subsidiary as 'fraud' accounts

The accounts were reported as "fraud" by the lender to the Reserve Bank of India (RBI) on September 18

Public sector bank heads at BS BFSI Summit: The best is still to come

Heads of public sector banks discuss the present and future of the banking sector in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

Canara Bank aims Rs 6,000 cr recovery in H2 FY25, expect Rs 3,000 cr in Q3

State-owned Canara Bank aims to recover about Rs 6,000 crore from bad loans during the second half of the current fiscal. "We are anticipating recovery somewhere about Rs 3,000 crore in the third quarter and a similar amount in the fourth quarter," Canara Bank managing director and CEO K Satyanarayana Raju told PTI. The bank has recovered Rs 2,905 crore, including recovery in written-off accounts, in the second quarter. Slippages would be much less than recovery as the bank would be underwriting good loans, Raju said. Asked about the initial public offering (IPO) of Canara Robeco Asset Management Company, he said it may happen in the fourth quarter of this financial year. The approval from the finance ministry for the IPO of Canara Robeco Asset Management Company (AMC) is expected shortly. The lender holds a 51 per cent stake in the mutual fund. It plans to offload a 13 per cent stake through IPO. Last December, Canara Bank gave an in-principle approval to start the process of l

Canara Bank led consortium seeks bids to sell Rs 1,226 cr loans in MMOPL

Mumbai Metro One is a SPV that is jointly owned by Reliance Infrastructure and MMRDA

Canara Bank cuts gold loan growth to 15-17% amid regulatory concerns

Stops lending to MSMEs against gold as collateral

Canara Bank's Q2FY25 results: Net profit up 11.31% at Rs 4,014 crore

Guides for pressure on margin for two quarters

Canara Bank Q2 result: Net profit rises 11% to Rs 4,015 cr; income rises

State-owned Canara Bank on Tuesday reported an 11 per cent rise in its net profit at Rs 4,015 crore in the second quarter ended September 2024. The Bengaluru-based lender had earned a net profit of Rs 3,606 crore in the same quarter in the previous financial year. Total income increased to Rs 34,721 crore during the quarter under review against Rs 31,472 crore in the same quarter last year, Canara Bank said in a regulatory filing. The bank reported an interest income of Rs 29,740 crore during the quarter, higher than Rs 26,838 crore in the same period a year ago. On the asset quality front, the bank witnessed improvement with gross Non-Performing Assets (NPAs) declining to 3.73 per cent of the gross loans by the end of September 2024 from 4.76 per cent a year ago. Similarly, net NPAs or bad loans moderated to 0.99 per cent from 1.41 per cent at the end of the second quarter of the previous fiscal. The Provisioning Coverage Ratio as of September 30, 2024 stood at 90.89 per ...

Canara Bank Q2 result: Net profit rises 11% to Rs 4,015 cr; income rises

State-owned Canara Bank on Tuesday reported an 11 per cent rise in its net profit at Rs 4,015 crore in the second quarter ended September 2024. The Bengaluru-based lender had earned a net profit of Rs 3,606 crore in the same quarter in the previous financial year. Total income increased to Rs 34,721 crore during the quarter under review against Rs 31,472 crore in the same quarter last year, Canara Bank said in a regulatory filing. The bank reported an interest income of Rs 29,740 crore during the quarter, higher than Rs 26,838 crore in the same period a year ago. On the asset quality front, the bank witnessed improvement with gross Non-Performing Assets (NPAs) declining to 3.73 per cent of the gross loans by the end of September 2024 from 4.76 per cent a year ago. Similarly, net NPAs or bad loans moderated to 0.99 per cent from 1.41 per cent at the end of the second quarter of the previous fiscal. The Provisioning Coverage Ratio as of September 30, 2024 stood at 90.89 per ...

Nifty PSU Bank index soars 4%; Indian Bank, BOB zoom up to 12% post Q2 nos

At 02:20 pm; the Nifty PSU Bank index was the top gainer among sectoral indices, up 4 per cent, as compared to 0.8 per cent rise in Nifty 50.

Stocks to Watch: HDFC Bank, Adani Wilmar, REC, Adani Total, Canara Bank

Stocks to Watch: Life Insurance Corporation of India has increased its shareholding in Bank of Maharashtra from 4.05 per cent to 7.10 per cent following the allotment of shares during a QIP.

Canara Bank invites EoIs for counter bids on exposure to 3 NSL companies

The three NSL group companies include NSL Sugar Ltd, NSL Krishnaveni Sugar Ltd, and NSL Textiles Ltd. NSL Group is led by Mandava Holdings Pvt Ltd, the holding company

State-owned banks on apprenticeship spree to strengthen customer services

Banks are hiring apprentices for the first time amid gradual decline in number of employees

Punjab Sind Bank to raise upto Rs 3K cr via Infra bonds, appoint bankers

Set to appoint merchant bankers for proposed QIP

Consumer protection: Bank not liable for lack of pledged goods cover

The National Commission noted that merely because the bank had obtained the previous policy did not absolve the customer of its primary responsibility to obtain coverage

RBI rejects Canara Bank's bid for credit card subsidiary amid concerns

The decision by the Reserve Bank of India comes amid increasing concerns over the growing volume of unsecured loans in the banking sector