Page 11 - Canara Bank

Canara Bank net profit jumps over two times to Rs 1,333 cr in Sep qtr

State-run Canara Bank on Tuesday reported over two-fold jump in its net profit at Rs 1,332.61 crore in second quarter ended September of this fiscal. The bank had posted net profit of Rs 444.41 crore in the same period of the previous fiscal year. Total income of the bank also rose to Rs 21,331.49 crore during July-September period of 2021-22, as against Rs 20,793.92 crore in same period of 2020-21, Canara Bank said in a regulatory filing. Bank's gross non-performing assets (NPAs) were a tad up at 8.42 per cent of the gross advances as of September 30, 2021, as against 8.23 per cent by end of September 2020. However, it fell sequentially from 8.50 per cent by end of June 2021 quarter. In value terms, the gross NPAs stood at Rs 57,853.09 crore, up from Rs 53,437.92 crore. Net NPAs (bad loans), however, fell to 3.21 per cent (Rs 20,861.99 crore) from 3.42 per cent (Rs 21,063.28 crore). Provisions for bad loans and contingencies for the reported quarter fell to Rs 3,360.23 crore fro

Stocks to Watch: RPSG Ventures, Axis Bank, Bajaj Fin, CanBank, Ceat, ABB

Valuation and inflation worries, high crude prices and sustained selling by foreign funds may weigh on market sentiment, while stock specific action shall continue

State-owned Canara Bank raises Rs 1,500 crore through bonds

Stock of Canara Bank closed 1.71 per cent up at Rs 201.95 on BSE.

Stocks to watch: MTAR Tech, Marico, ZEEL, Future Retail, Canara Bank, CIL

State-owned CIL on Tuesday said its board has given an in-principle approval to a pre-feasibility report for setting up of an integrated greenfield aluminium project in Odisha

State-owned Canara Bank cuts MCLR by up to 15 bps

Meanwhile, DCB Bank also reduced its MCLR by 0.05 per cent across tenors, effective from October 6.

Rakesh Jhunjhunwala-owned PSB stock hits 52-week high in a weak market

Canara Bank hit a 52-week high of Rs 178.90, up 3 per cent on the BSE in Friday's intra-day trade

Govt extends tenure of Canara, Bank of India EDs by 2 years

The government has extended the tenure of two executive directors of Canara Bank and Bank of India for two years, the state-run lenders said on Monday. Canara Bank in a regulatory filing said that the central government has extended the term of office of A Manimekhalai, Executive Director, for a period of two years beyond her currently notified terms that expires on 10 February 2022, or until further orders, whichever is earlier. Bank of India in a separate filing said that the term of office of P R Rajagopal, Executive Director, has been extended for a period of two years, beyond his currently notified term or until further orders, whichever is earlier. His current term was to expire on February 28, 2022, the bank said. The banks said the government informed them about the extension given to these executive directors through notifications on August 26, 2021. The government last week extended the term of executive directors of various public sector banks. It also extended the terms

QIP, Jhunjhunwala stake buy: Canara Bank can rise 31% from here, charts say

Rakesh Jhunjhunwala has picked a 1.59 per cent stake in the state-owned lender

Stocks to watch: Canara Bank, Wipro, Tata Steel, Adani Ports, ICICI Bank

CARE Ratings has revised its outlook on Dollar Industries' long-term facilities from Stable to Positive

Stocks to watch: Aptus Value, Chemplast, Maruti, Eicher Motors, Canara Bank

The Board of Eicher Motors decided to unanimously reappoint Siddhartha Lal as managing director (MD) with a revised remuneration package

Canara Bank closes QIP by raising Rs 2,500 cr equity capital

Last week, the bank had launched the qualified institutions placement (QIP), setting the floor price at Rs 155.58 per equity share

Honda Cars ties up with Canara Bank to offer finance options to customers

Honda Cars India Ltd (HCIL) on Monday said it has joined hands with Canara Bank to offer retail finance schemes to customers. The partnership facilitates HCIL customers to avail easy financing options and hassle free car loans from Canara Bank for purchase of models like Amaze, City, Jazz and WR-V, the company said in a statement. Special schemes for the auspicious festivities have also been offered to make this buying season even more attractive and rewarding, it added. The automaker said it has been partnering with multiple banks to offer such schemes across the country with a special focus on semi-urban to rural regions. The partnership with Canara Bank is an extension of our efforts towards enabling easy and convenient financing solutions for our customers. We always endeavour to enhance customer experience right from the point of purchase through years of car ownership. "We are confident that the tie-up with Canara Bank will help us meet the diverse finance requirements of ou

Fag-end selling drags Sensex 163 pts down; mid-caps gain; Voda Idea up 10%

Earlier in the day, the 30-share index scaled mount 56,000 and hit a fresh record high of 56,118. The Nifty50, on the other hand, hit a new high of 16,702

Stocks to watch: HDFC Bank, Canara Bank, HAL, HCL Tech, Meghmani Finechem

Zydus Cadila received tentative approval from the US health regulator to market Lenalidomide capsules used for the treatment of various types of cancers

Canara Bank, Wipro are on Osho Krishnan's shopping list. Here's why

Top buy and sell ideas for the day

Govt banks continue to have truncated boards, 10 don't even have a chairman

Meeting quorum of board sub-committees becomes difficult sometimes, say bankers

Here's a derivative strategy for Canara Bank by HDFC Securities

The stock price has broken out on the daily line chart with higher volumes to close at its highest level since July 16, 2021

Canara Bank Q1 net nearly triples to Rs 1,177 cr as provisions dip

Net interest income rose by just 0.84 per cent in Q1FY22 to Rs 6,147 crore from Rs 6,096 crore a year ago

Top headlines: IMF cuts India's FY22 GDP forecast; IndiGo Q1 loss widens

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Canara Bank to raise Rs 3,400 cr in capital via Additional Tier-I bonds

Ind-Ra said the bank is unlikely to witness a capital erosion in FY22