Page 18 - Canara Bank

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

Canara Bank posts Rs 214-cr Q4 profit on lower bad loan provisions

Net NPAs at 6.33% showed a slight decline as against 6.42% a year ago, says Rakesh Sharma

Worst is over for us in stressed assets: Rakesh Sharma

Canara Bank in the fourth quarter reported sequentially better numbers on asset quality

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

The bank reported a March quarter net profit of Rs 214 crore

CBI books Canara Bank official for illegally exchanging demonetised notes

RBI had come out with stringent guidelines for exchanging these notes with new ones

Canara Bank SO syllabus and exam pattern out

The entrance examination is likely to be held in May-June 2017

Canara Bank sells 13.45% stake in Can Fin Homes

Divestment is seen as a part of the monetisation process of non-core assets of Canara Bank

Canara Bank to raise Rs 716 cr from stake sale in Can Fin

Board has given approval for the sale of 13.45 per cent stake in the mortgage firm

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

Proceeds will be utilised to fund business growth

Canara Bank Q3 profit up 3-fold at Rs 322 crore

The Bangalore-based state lender had a net profit of Rs 84.9 crore for the Oct-Dec quarter of FY16

Canara Bank profit declines 32.5%

The bank doubled provisions on non performing assets to 9.81% in the quarter as against 4.27% a year ago

Canara Bank Q2 profit drops 33% to Rs 357 crore

Net NPAs also increased to 6.69 per cent of net advances as against 2.9 per cent in the same quarter last year

Canara Bank launches UPI mobile app

It is available for download from Google play store, and was launched at the Board of Directors' conclave

Canara Bank gets shareholders nod to raise up to Rs 2,000 crore

The bank said separately that, RBI has imposed a penalty of Rs 2 crore on it for violation of anti-money laundering norms

Canara Bank Q1 profit slips 52% to Rs 229 crore

However, shares of bank closed at 253.70 per unit up 5.31% on the BSE

Canara Bank posts Q4 net loss at Rs 3,905cr on rise in NPAs

Bank's gross NPAs during quarter soar to 9.4% as against 3.89% during same period in the preceding fiscal

Canara Bank reports Rs 3,905 crore loss in fourth quarter

Gross NPAs jumped to 9.4% as of March 31, from 5.84% in December

Canara Bank revises lending rates based on MCLR

Several banks including country's largest lender SBI have announced changes in their MCLR rates

Canara Bank raises Rs 3,000-cr Basel-III compliant bonds

The issue was opened on April 18, 2016 and closed on April 27, 2016