CBI charges former Canara Bank chief in alleged loan fraud case
The Central Bureau of Investigation (CBI) filed charges on Monday against a former chairman of state-run Canara Bank and others over allegations that the officials helped a company defraud the bank of about $10.5 million taken in loans over four years ago.
Mar 19, 2018, 22:36 PM IST
Canara Bank to sell stake in three subsidiaries
The bank did not disclose how much money it plans to raise from selling its equity in the three companies.
Nov 21, 2017, 22:29 PM IST
Govt appoints executive directors in 9 public sector banks
Bajrang Singh Shekhawat has been appointed executive director of Central Bank of India.
Oct 10, 2017, 14:53 PM IST
Canara Bank cuts interest rate on savings bank accounts
However, the bank will continue to pay 4 percent interest on deposits of above Rs 50 lakh.
Sep 01, 2017, 16:08 PM IST
Canara Bank hits overseas bond market with $ 400-mn issue
The Bangalore-based bank has hit the forex debt market after a long gap.
Aug 05, 2017, 11:30 AM IST
Insolvency cases: SS Mundra says firms free to move higher courts
He also said that RBI is looking at the provisioning norms for the cases that have been or will be referred to IBC for resolution.
Jul 26, 2017, 16:31 PM IST
Canara Bank-led consortium seeks buyer for Maha 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.
Jul 23, 2017, 12:21 PM IST
Canara Bank first-quarter net profit misses estimates; bad loans rise
Provisions for the quarter rose to 22.04 billion rupees from 14.93 billion rupees year ago.
Jul 19, 2017, 16:23 PM IST
Number of public sector banks may go down to 12 as government mulls consolidation
The 21 public sector banks would get consolidated to 10- 12 in the medium term, the official said.
Jul 16, 2017, 12:56 PM IST
Names of PNB, Bank of Baroda, Canara Bank to be changed after merger
Names of Punjab National Bank (PNB), Canara Bank and Bank of Baroda will be changed after merger according to the sectors. Watch full video to know top 10 business news of the day.
Jun 17, 2017, 12:10 PM IST
Canara Bank posts fourth-quarter profit on lower bad loan provisions
Indian public sector lender Canara Bank reported a profit for the fourth quarter, compared with a year-ago loss, on the back of lower provisions for bad loans.
May 08, 2017, 15:20 PM IST
Canara Bank cuts lending rate by 0.10% to 9.4% from April 1
Public sector Canara Bank on Thursday announced 0.10 percentage point reduction in its MCLR-based lending rate to 9.40 percent from April 1, making loans cheaper for consumers.
Mar 30, 2017, 23:15 PM IST
Canara Bank's Rs 1,124 cr rights issue to open on March 2
State-owned Canara Bank's Rs 1,124 crore rights issue will open on March 2 and the proceeds will be utilised to fund business growth.
Feb 20, 2017, 16:37 PM IST
Rishabh Pant on a roll, slams 34-ball 84 for Reliance 1 in 13th DY Patil T20 Cup
Pant, who has been named in India's T20I squad to play England, launched a breathtaking assault on Canara Bank's modest total of 120-7.
Jan 10, 2017, 20:43 PM IST
Bank of Baroda to raise up to Rs 2,000 crore via bonds
Public sector lender Bank of Baroda on Saturday said it proposes to raise up to Rs 2,000 crore on private placement basis to meet Basel III requirements.
Oct 15, 2016, 17:07 PM IST
CBI registers case against ex-CMD of Canara Bank
CBI has registered a case against former Chairman-cum-Managing Director of Canara Bank R K Dubey for allegedly allowing deviations in sanctioning credit limits to a company during his tenure as Executive Director at Central Bank of India.
Sep 30, 2016, 19:48 PM IST
Canara Bank launches UPI mobile app
The mobile app is available for download from Google play store.
Aug 30, 2016, 17:36 PM IST
Canara Bank gets shareholders nod to raise up to Rs 2,000 cr
Canara Bank on Wednesday said it has got shareholders' approval to raise capital by up to Rs 2,000 crore.
Jul 27, 2016, 12:06 PM IST
Canara Bank revises lending rates based on MCLR
Public sector Canara Bank on Wednesday said it has revised the lending rates based on the marginal cost of funds (MCLR) for May to 8.80-9.35 percent.
May 04, 2016, 17:42 PM IST
Canara Bank Q3 net dives 87% to Rs 85 crore on NPA woes
Its percentage of net NPAs went up to 3.90 percent from 2.42 percent at the end of December 2014.
Feb 12, 2016, 21:50 PM IST
