Loans to be cheaper as HDFC Bank, Canara cut lending rate

Last Updated: Monday, August 31, 2015, 22:56

Starting a fresh round of rate cuts after repeated calls from RBI, private lender HDFC Bank and state-run Canara Bank Monday lowered their lending rates by up to 0.35 percent, a move that will make home and other loans cheaper for consumers.

Govt to infuse Rs 947 crore in Canara Bank

Last Updated: Monday, August 31, 2015, 15:14

It said the board of the bank at a meeting held today approved the proposal of issuing equity shares on preferential basis to the government in lieu of the capital infusion.

Banks seek shareholders' nod for Rs 5,934-crore capital infusion

Last Updated: Saturday, August 22, 2015, 22:33

Four public sector banks, including PNB and BoB, Saturday sought shareholders' approval for capital infusion of Rs 5,934 crore by issuing preferential shares to the government.

In a first, private sector professionals to head BoB, Canara Bank

Last Updated: Friday, August 14, 2015, 20:20

Bank of Baroda and Canara Bank Friday became the first state-owned banks to be headed by private sector professionals as government announced appointment of MD and CEOs of five PSU lenders.

Canara Bank Q1 net falls 41% to Rs 478 cr as provisions mount

Last Updated: Wednesday, August 5, 2015, 16:24

State-run lender Canara Bank today reported 40.65 per cent decline in net profit at Rs 478.84 crore in the first quarter ended June as it parked a higher share towards contingencies for bad loans.

Canara Bank ups ATM installation target to 1,000 this fiscal

Last Updated: Sunday, July 26, 2015, 12:38

The 27 public sector banks have plans to set up as many as 15,007 ATMs in the country this fiscal. In April-June, they added 3,037 machines.

Canara Bank hands over dividend of Rs 348.81 crore to govt

Last Updated: Saturday, July 25, 2015, 16:53

Canara Bank has paid a dividend of Rs.348.81 crores to the Government of India for the financial year 2014-15.

Moody's downgrades Bank of India, Canara Bank

Last Updated: Monday, June 29, 2015, 21:38

Rating firm Moody's Investors Service on Monday downgraded state-owned Bank of India (BoI) and Canara Bank a notch down in terms of Baseline Credit Assessments (BCAs), an indication of intrinsic or standalone financial strength of the company.

Interviews for CEO posts at 5 large PSU Banks start from Monday

Last Updated: Sunday, June 14, 2015, 10:49

As many as 26 candidates, including executives from private sector banks, are to appear for the interviews on June 15 and 16, sources said.

Private bankers to be interviewed for CEO/MD post at 5 large PSBs

Last Updated: Thursday, June 11, 2015, 18:06

While the age limit was increased to 57 years, from 55 years earlier, the mandatory board-level experience for the applicants were reduced to one year from three years previously to invite more experienced talent for heading large public sector banks.

LIC raises stake in Canara Bank, BoB

Last Updated: Tuesday, May 26, 2015, 20:40

Country's largest insurer Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7 percent through preferential allotment of shares.

Canara Bank reports Q4 net profit flat at Rs 613 crore

Last Updated: Monday, May 25, 2015, 21:09

Canara Bank Monday reported an almost flat growth in net profit at Rs 613 crore during the fourth quarter of the 2014-15 fiscal as against Rs 611 crore in the same period last year, owing to rise in NPAs.