Page 17 - Canara Bank

Canara Bank sees credit growth at 14% this fiscal; plans to raise Rs 70 bn

N Sivasankaran, Chief Financial Officer of Canara Bank told Business Standard that the capital raising plan is primarily aimed at funding the credit growth

UK regulator slaps Rs 80 mn fine on London branch of Canara Bank

FCA in a notice said it had imposed a penalty of £896,100 on the bank and restricted it from accepting deposits from new customers for 147 days

Canara Bank posts Rs 48.6 bn Q4 loss as NPAs triple to Rs 87.6 bn

Gross bad loans as a percentage of total loans rose to 11.84% at end-March

Canara Bank to shut three branches in Leicester, Bahrain and Shanghai

Rakesh Sharma, bank's managing director and chief executive officer, told Business Standard that the board of directors had given a nod for overseas branch rationalisation plan

Canara Bank to raise Rs 4.5 billion via offloading stake in Canbank Factors

Canara Bank is contemplating a number of steps to augment its capital position

Canara Bank not to divest stake in Can Fin Homes due to low price quotation

Canara Bank has decided to call off divestment process of it entire stake in Canfin Homes Ltd

Canara Bank asset sale: New non-performing assets rules offset gains

Bank has to contend with additional slippages of Rs 20-25 billion

Canara Bank dips 5% on report of CBI filing charge sheet against ex-CMD

In past three months, the stock tanked 30% as compared to 2.3% decline in the S&P BSE Sensex.

CBI charge sheet against ex-Canara Bank CMD in Rs 680-mn loan default case

The agency has alleged that Guptas knew Dubey and used the connection in getting loans

Canara Bank, Bank of India, Andhra Bank hit 52-week lows

In past one month, most the PSU banks have underperformed the market by falling more than 10% against 1.4% decline in Nifty 50 index

Canara Bank Q3 net plunges 61% to Rs 1.26 bn due to higher NPA provisions

CMD Rakesh Sharma said, 'We had to make Rs 740 million provision on treasury bonds which affected the decline in profits'

Eyeing growth opportunities, Canara Bank not to sell stake in AMC business

Earlier in November, the bank had said it will sell stake, either in part or full, in subsidiary firm Canara Robeco Asset Management Company (AMC)

Canara Bank to raise up to Rs 3,500 cr through QIP

Canara Bank said stock closed 1.26 per cent higher at Rs 374.60 apiece on the BSE

Canara Bank to sell 4% stake in Canfin Homes

CFHL had registered a net profit of Rs 74.99 crore during the second quarter ended September

Canara Bank: Asset sale to reduce capital needs

Life insurance, housing finance, asset management key non-core assets

Canara Bank to sell stake in three subsidiaries to improve capital base

Canara bank, as per regulatory filing, has decided to go for monetisation of non-core assets by selling its shares in part or full in

Canara Bank to raise about $300 mn via overseas bonds

Banking sources said this is follow-on fundraising after it raised $400 million in August

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

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

Canara Bank-led consortium seeks buyer for 270 Mw Maharashtra 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. IDBI Capital Markets & Securities Ltd (IDBI Capital) has invited an expression of interest to take over the thermal power project on behalf of the consortium of lenders led by Canara Bank. "IDBI Capital invites expression of interest from the interested parties, who fulfils the qualification criteria and who may be willing to take over the management and control of the company by acquiring 100 per cent equity of the company," IDBI Capital has said in the EOI document. The last date of sending EOIs is August 8. The company has set up a 270 MW coal based thermal power plant located in Nagpur, Maharashtra. The project has achieved commercial operation during 2013-14, however, due to change in policy on price and distribution of all grades of coal by the coal ministry in 2012. The new rule allowed coal supply only to ...

Canara Bank to raise Rs 3,500 cr in equity

The bank had raised Rs 1,124 crore in March through a rights issues of equity shares