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Latest Articles in canara bank
Canara Bank Records 74.8% YoY Rise In Q1 Profit After Tax At Rs 3,534.84 Cr
The boost in profit was attributed to a rise in net interest income, improved interest margins, and better asset quality
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Canara Bank Names K Satyanarayana Raju Appointed As New MD & CEO
K Satyanarayana Raju will begin serving as MD and CEO on February 7, 2023, per the appointment by the Indian government
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Robust Performer
The Provision Coverage Ratio (PCR) of the bank improved 449 bps to 84.17 per cent as on March 31, 2022. PCR is the percentage of funds that a bank sets aside for losses due to bad debts. A high PCR can be beneficial to banks to buffer themselves against losses if the NPAs start increasing faster
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Canara Bank To Sell Its Russian JV Stake Worth $14.67 Mn To SBI
CIBL was incorporated in the year 2003 and is a Joint Venture (JV) in Russia between SBI (60 per cent) and Canara Bank (40 per cent)
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Canara Bank Bags Banker’s Bank of the Year Award 2022 For India Segment
The MD and CEO of Canara Bank, L V Prabhakar attended the award ceremony held on December 1, 2022 in London
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Canara Bank Result: Q1 Profit Levels Grows 71.8% To Rs 2,022 Cr
Results for the first quarter of FY 2022-23 were announced by Canara Bank. As compared to Rs 1,177 crore in the previous year, the lender's net profit increased by 71.79 per cent to Rs 2,022 crore
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HDFC, Canara Bank Increase MCLR For Various Tenures
The Reserve Bank of India increased the key policy rate repo by 0.90 per cent in May-June to control rising inflation
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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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