Page 9 - Canara Bank
Adani group firm Kutch Copper raises Rs 6,071 cr for one mn tonne unit
Funds raised for first phase of greenfield plant, firm signs financing documents with SBI-led consortium
 "Adani group firm Kutch Copper raises Rs 6,071 cr for one mn tonne unit")
Canara Bank aims to improve bottom line further with focus on lending biz
Recording over two-fold jump in its net profit, Canara Bank aims to improve its bottom line further with balanced focus on advances to retail businesses, coupled with greater focus on digitisation
 "Canara Bank aims to improve bottom line further with focus on lending biz")
6 Indian banks sue GVK Coal Developers in London for $1.5 bn loan default
The banks have sued GVK Group-owned GVK Coal Developers over a dispute on a $1-billion loan and $35-million letter of credit facility and a $160-million loan
 "6 Indian banks sue GVK Coal Developers in London for $1.5 bn loan default")
Canara Bank, Karur Vysya raise lending rates ahead of RBI's MPC review
State-owned Canara Bank has raised the marginal cost of funds based lending rate (MCLR) by 0.05 per cent of 5 basis points to 7.40 per cent for one year tenure
 "Canara Bank, Karur Vysya raise lending rates ahead of RBI's MPC review")
Canara Bank eyes 8-10% loan growth; rise in corporate credit this fiscal
State-owned Canara Bank is expecting an 8-10 per cent growth in advances as well as a healthy double-digit rise in corporate loan portfolio in the current financial year,
 "Canara Bank eyes 8-10% loan growth; rise in corporate credit this fiscal")
Canara Bank to invest Rs 1,000 cr for building digital banking backbone
Canara Bank is planning to come up with its super-app next month which is yet to be named.
 "Canara Bank to invest Rs 1,000 cr for building digital banking backbone")
Canara Bank to invest Rs 1,000 crore to build digital banking backbone
The bank will unveil its super app next month
Canara Bank probes fraud in unit after whistleblower complaint: Report
The whistleblower letter, sent at the end of December and also addressed to Reserve Bank of India and the National Housing Bank, said there were irregularities at one of the branches
 "Canara Bank probes fraud in unit after whistleblower complaint: Report")
HDFC Bank, Canara Bank, Indian Overseas Bank others raise lending rates
HDFC Bank hiked marginal cost of funds based lending rate (MCLR) by 25 bps across all tenures up to 7.7 per cent, effective May 7
 "HDFC Bank, Canara Bank, Indian Overseas Bank others raise lending rates")
Stocks to Watch: Reliance, Tata Power, ONGC, Canara Bank, LTI, Mindtree
Stocks to Watch Today: LIC IPO closes for subscription today; Campus Activewear to make its debut on the bourses on Monday.
 "Stocks to Watch: Reliance, Tata Power, ONGC, Canara Bank, LTI, Mindtree")
Canara Bank Q4 net up 65% to Rs 1,666 cr on better net interest margins
Lender to raise up to Rs 9,000 cr in capital via AT1, tier-II bonds
Sensex sheds 867pts, Nifty 272pts; IT, financials crack; ITC bucks trend
The Midcap and Smallcap indices declined over 2 per cent each; The breadth too favoured the bears in 3:1 ratio.
 "Sensex sheds 867pts, Nifty 272pts; IT, financials crack; ITC bucks trend")
Canara Bank standalone net profit jumps 65% in Q4 to reach Rs 1,666 crore
The Bengaluru-based bank registered a 65 per cent jump in its Q4 standalone net profit
IDRCL: Stakes of Canara Bank, SBI, PNB and Union Bank reduced to 5% each
The reduction of stake is on account of issuance of fresh shares on preferential basis to the existing shareholders
 "IDRCL: Stakes of Canara Bank, SBI, PNB and Union Bank reduced to 5% each")
Canara Bank pares its stake in debt resolution firm IDRCL to 5%
Public sector lender Canara Bank on Thursday said it has reduced its stake in India Debt Resolution Company Ltd (IDRCL) to 5 per cent. The bad bank or the National Asset Reconstruction Company Ltd (NARCL) will acquire bad loans from banks to help clean up their books, while the IDRCL will handle the debt resolution process of these loans. With the current round of preferential allotment by IDRCL, equity stake of Canara Bank has now reduced to 5 per cent from previous holding of 14.90 per cent, the bank said in a regulatory filing. Public sector banks will hold 51 per cent stake in NARCL and 49 per cent in the debt management company IDRCL. Indian Banks' Association (IBA) was entrusted with the task of setting up the bad bank. Last month, the IBA moved an application before the Reserve Bank of India for a licence to set up the Rs 6,000-crore NARCL.
Future Enterprises defaults on Rs 93.99 cr payment to PNB and Canara Bank
Future Enterprises Ltd on Thursday said it has defaulted on payment of Rs 93.99 crore to Punjab National Bank and Canara Bank under the one-time restructuring (OTR) plan.
 "Future Enterprises defaults on Rs 93.99 cr payment to PNB and Canara Bank")
DHFL Case: CoC members nix recovery of Rs 40k cr, want Re 1 ascribed value
Some secured creditors of DHFL have filed a petition in SC against NCLAT order, which gives them more money than what they had bargained for.
 "DHFL Case: CoC members nix recovery of Rs 40k cr, want Re 1 ascribed value")
Canara Bank raises Rs 1,000 cr through Basel-III compliant AT-1 bonds
The bonds carry coupon rate of 8.07 per cent per annum
Canara Bank raises Rs 1,000 cr through Basel-III compliant AT-1 bonds
The bonds carry coupon rate of 8.07 per cent per annum
Canara Bank raises Rs 1,000 crore in capital through AT1 bonds
Bond market sources said the interest in the paper by the Bengaluru-based lender was strong with a demand book size of 2.7 times
