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Canara Bank

Canara Bank

Canara Bank Sells Stake In Russian Joint Venture To SBI For Rs 121 Crore

Canara Bank, in a regulatory filing, said it has received the entire consideration amount equivalent to Rs 121.29 crore on Thursday for the sale of its stake

24 March 2023

Canara HSBC Life Insurance Launches Wealth Edge Ulip

Canara HSBC Life Insurance has launched a new unit-linked insurance plan with savings options that offers eight diverse investment funds to choose from along with life insurance protection

25 January 2023

Canara Bank

Canara Bank To Sell Its Stake In Russian Joint Venture To SBI For Rs 114 Crore

Canara Bank has entered into a share sale agreement in relation to sale of equity shares held by it in Moscow-based CIBL with SBI

21 January 2023

NPST gets an extension of order book from existing clientele

NPST Gets Extension Of Order Book Worth Rs 27.13 Crore From Existing Clientele

Over the past year, NPST has been working on Canara’s Bank Super App “ai1” and Merchant engine, expanding the ecosystem that requires continuous maintenance, support and development. I

10 March 2023

Canara Bank's Profit Nearly Doubles To Rs 2,882 Crore In December Quarter

Total income increased to Rs 26,218 crore in the quarter from Rs 21,312 crore in the year-ago period, the state-owned bank said in a regulatory filing

23 January 2023

Moody's Affirms Deposit Rating Of SBI, Upgrades For PNB, BoB, Canara Bank

Moody's Affirms Deposit Rating Of SBI, Upgrades For PNB, BoB, Canara Bank

The outlooks on long-term ratings of all the four banks remain stable, Moody's Investors Service said in a statement

20 January 2023

Bank Of Baroda, Union Bank Of India, PNB Increase Lending Rates

Bank of Baroda and Union Bank of India raised Marginal Costs of Funds-Based Lending Rates (MCLR) by 5 basis points. Punjab National Bank and Bank of Baroda raised their RLLR, making loans more expensive.

11 February 2023

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Canara HSBC Life Insurance Launches Non-Participating ‘Guaranteed Fortune Plan’: Know Key Features

Canara HSBC Life Insurance’s new savings cum investment plan offers life cover with added financial protection for families.

13 December 2022

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11 November 2022
Canara Robeco AMC Starts NFO For New Mid-Cap Fund Today: Should You Invest In It?

Canara Robeco AMC Starts NFO For New Mid-Cap Fund Today: Should You Invest In It?

The fund may invest up to 35 per cent in equity and equity-related instruments other than mid-cap companies, debt and money market instruments, and up to 10...


06 October 2022
Can Fin Homes Mulls Raising Up To Rs 4,000 Crore Debt Capital

Can Fin Homes Mulls Raising Up To Rs 4,000 Crore Debt Capital

The board of directors of the company is scheduled to meet on October 17, 2022 to approve financial results for the company's second quarter and first half...


15 September 2022
CBI Books PSL Group For Cheating Canara Bank To Tune Of Rs 428.50 Crore

CBI Books PSL Group For Cheating Canara Bank To Tune Of Rs 428.50 Crore

The agency on Thursday conducted searches at seven locations in Mumbai and Kutch, Gujarat, resulting in the recovery of incriminating documents, they said


12 September 2022
Canara HSBC Launches Savings-Oriented Life Plan On Digital Platform For New-Age Buyers

Canara HSBC Launches Savings-Oriented Life Plan On Digital Platform For New-Age Buyers

The new plan is targeted at new-age digital-savvy customers and comes with a host of options to choose from, including policy and premium payment term along...


06 September 2022
Canara Bank Raises Benchmark Lending Rate By Up To 0.15%

Canara Bank Raises Benchmark Lending Rate By Up To 0.15%

The hike is in line with other peers following Reserve Bank of India (RBI) raising its key lending rate last month


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25 July 2022
Canara Bank June Quarter Profit Jumps 72% To Rs 2,022 Crore

Canara Bank June Quarter Profit Jumps 72% To Rs 2,022 Crore

Total income rose to Rs 23,351.96 crore in April-June 2022-23, as against Rs 20,940.28 crore in the same period a year ago, Canara Bank said in a regulatory...


14 July 2022
CBI Registers Fresh FIR Against Mehul Choksi In Canara Bank Fraud Of Rs. 55.27 Crore

CBI Registers Fresh FIR Against Mehul Choksi In Canara Bank Fraud Of Rs. 55.27 Crore

The Central Bureau of Investigation (CBI) has filed a fresh FIR against fugitive diamantaire Mehul Choksi for allegedly duping a consortium of Rs. 55.27...


23 June 2022
Bank Of India Launches 444-Day Term Deposit At 5.5% Return; Seniors To Get 0.5% More

Bank Of India Launches 444-Day Term Deposit At 5.5% Return; Seniors To Get 0.5% More

Bank of India launched special term deposit as part of its upcoming 117th foundation day celebrations in September


15 June 2022
Fitch Revises Rating Outlook On 9 Banks Including SBI, ICICI Bank And Axis Bank

Fitch Revises Rating Outlook On 9 Banks Including SBI, ICICI Bank And Axis Bank

"Fitch Ratings has revised the Outlook to Stable from Negative on the Long-Term Issuer Default Ratings (IDR) of 9 India-based banks, while affirming their...


16 May 2022
Canara Bank Eyes 8% To 10% Loan Growth; Rise In Corporate Credit This Fiscal

Canara Bank Eyes 8% To 10% Loan Growth; Rise In Corporate Credit This Fiscal

In the fiscal ended on March 31, 2022, the lender's gross advances grew by 9.77 per cent.


09 May 2022
Indian Overseas Bank Becomes Latest To Hike Repo-Based Lending Rate To 7.25%

Indian Overseas Bank Becomes Latest To Hike Repo-Based Lending Rate To 7.25%

With the RBI's decision to raise the policy rate by 0.40 per cent to 4.40 per cent last week, several banks have revised their lending rates based on repo and...


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06 May 2022
Canara Bank Net Profit Jumps 85% At Rs 1,666 Crore In March Quarter

Canara Bank Net Profit Jumps 85% At Rs 1,666 Crore In March Quarter

Total income of the bank in the January-March period of 2021-22 rose to Rs 22,323.11 crore, from Rs 21,040.63 crore in the same period of 2020-21.


26 April 2022
Canara HSBC Oriental Bank Of Commerce Life Insurance Launches New Term

Canara HSBC Oriental Bank Of Commerce Life Insurance Launches New Term

Named iSelect Smart 360 Term Plan, the flexible term plan offers three options, including survival income and return of premium


08 April 2022
Know The Inspiring Story Of Bhanu Srivastav Who Is Changing The Lives Of Under-Privileged Kids

Know The Inspiring Story Of Bhanu Srivastav Who Is Changing The Lives Of Under-Privileged Kids

Bhanu Srivastav, who is working with Canara Bank, spends his weekends & holidays making learning easier for students in various government schools where most...


30 March 2022
Future Group Defaults On Loan Repayment Of Rs 19.16 Crore Again; Second Time This Month

Future Group Defaults On Loan Repayment Of Rs 19.16 Crore Again; Second Time This Month

FEL said it had a review period of 30 days from the due date in terms of the RBI circular dated August 6, 2020, and further in terms of the provision of the...


27 March 2022
Lenders Approve IL&FS' Debt Recast Proposal For CNTL

Lenders Approve IL&FS' Debt Recast Proposal For CNTL

The move comes after the company has revalued itself at Rs 5,257 crore now after the deal with Cube Highways of Singapore failed last year, due to regulatory...


01 March 2022
Canara Bank Hikes Fixed Deposit Rates By Up To 25 Basis Points

Canara Bank Hikes Fixed Deposit Rates By Up To 25 Basis Points

The revised rates are effective from March 1, 2022, Canara Bank said in a statement


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