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Latest Articles in canara bank

Canara Bank Net Profit Rise Rs 1,666.22 Cr For Q4 Results

The Bengaluru-headquartered bank had posted a net profit of Rs 1,010.87 crore in the same quarter a year ago

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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

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Future Enterprises Defaults Loan Repayment Of Rs 19.16 Cr

On March 25, the Future Group firm had informed about defaulting on repayment of Rs 93.99 crore to Punjab National Bank and Canara Bank under the one-time restructuring plan

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Canara Bank Retains Interest Rates On Loans/Advances From 7 March 2022

Canara Bank is the third-largest public sector Bank in the country. The Bank has gone through various phases in its growth trajectory over the hundred years of its existence

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Canara Bank Raises Rs 1000 Cr In Basel III Compliant Additional Tier I, Series III Bonds 2021-22

The Bank’s Additional Tier I bonds are rated AA+ by CRISIL Ratings and India Ratings and Research, it said

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BW Real 500 - Financial #5: Canara Bank Exhibits Multi-Dimensional Excellence

The thrust on premier CASA products, like Canara Galaxy, Canara Privilege, SB Payroll, SB Powerplus, Canara Jeevandhara and NRI accounts were given to improve the average balances under CASA, according to L. V. Prabhakar, MD and CEO of Canara Bank.

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Canara Bank Q3 Net Profit Jumps Over Two-fold On Lower Provisioning

Total income, however, fell marginally to Rs 21,312 crore during the October-December period of 2021-22, against Rs 21,365 crore in the same quarter of 2020-21, Canara Bank said in a regulatory filing.

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Canara Bank Raises Rs 2,500 Cr Through Basel-III Compliant Bonds

The bank has successfully raised Basel-III compliant tier-II series I bonds, Canara Bank said in a regulatory filing.

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Canara Bank Raises Rs 1,500 Crore Via Basel-III Compliant Bond

To comply with Basel-III capital regulations, banks globally need to improve and strengthen their capital planning processes.

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Canara Bank's Net Profit Almost Triples To Rs 1,333 Crore In Jul-Sep

The bank had posted net profit of Rs 444.41 crore in the same period of the previous fiscal year.

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Canara Bank Raises Rs 2,500 Cr Through QIP

The QIP was fully subscribed and saw a strong response from foreign as well as from domestic qualified institutional buyers (QIBs), the bank said in a statement.

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Canara Bank Allots Over 16.73 Cr Shares In Rs 2,500 Cr QIP

The sub-committee of the board, capital planning process of the board of directors of the bank, at its meeting held on August 24, 2021, approved the allotment of 16,73,92,032 equity shares to eligible qualified institutional buyers at an issue price of Rs 149.35 per equity share, aggregating up to Rs 2,500 crore

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Honda Cars Ties Up With Canara Bank To Offer Finance Options To Customers

The partnership facilitates HCIL customers to avail easy financing options and hassle free car loans from Canara Bank for purchase of models like Amaze, City, Jazz and WR-V

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Canara Bank Q1 Profit Rises Nearly Three-Fold To Rs 1,177 Cr

The bank's gross non-performing assets (NPAs) declined slightly at 8.50 per cent of the gross advances as on June 30, 2021 as against 8.84 per cent at June-end last year.

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Canara Bank To Be Lead Sponsor Of Bad Bank, To Pick Up 12% Stake

Finance Minister Nirmala Sitharaman in Budget 2021-22 announced that the high level of provisioning by public sector banks of their stressed assets calls for measures to clean up the bank books.

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