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Hyderabad: The Canara Bank, Circle office, Hyderabad conducted an export, import data processing and monitoring system (E/IDPMS) resolution meet here on Wednesday. Hyderabad Circle Head KH Patnaik and General Manager R Anuradha were present at the event held to create awareness and address issues faced by exporters and importers in submitting the data pertaining to […]
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Hyderabad Circle CGM KH Patnaik said Canara Bank evolved into the third largest bank in the country due to the patronage of customers.
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Hyderabad: Canara Bank, India’s third largest nationalized bank, has unveiled a new fixed deposit plan for the general public, including senior citizens. The ‘Canara Bank Special Deposit Scheme’ offers an interest rate of 7.50% for a tenure of 666 days. The 7.50% interest rate is only for senior citizens; however, the rate of interest would […]
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Hyderabad: Two fictitious companies allegedly duped the Balanagar branch of Canara Bank of Rs.2.71 crore after taking loans and failing to repay it. In the first case, a company, AFS Constructions, took Rs 1.3 crore loan from the bank. The bank officials later noticed that AFS was a non-existent company but the loan was processed […]
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Hyderabad: Canara Bank’s Ahmed Nagar branch donated a hydraulic walk behind roller as part of its CSR activities to the Sports Coaching Foundation (SCF) at Masab Tank on Tuesday. Bhaskar Chakravarthy, DGM (Region II) of Canara Bank said, “It feels great to be associated with SCF, especially to its founder-secretary K Saibaba for the service […]
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Hyderabad: The Hyderabad unit of Central Bureau of Investigation (CBI) has booked a conspiracy case against Hitech Electro Power Systems (HEPS) along with its managing director and others for allegedly cheating Canara Bank to the tune of Rs 5.03 crore. The case under Sections 120B (conspiracy) read with 420 (cheating), 468 (forgery) and 471 (Using […]
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Hyderabad: Canara Bank reported a 115.8 per cent jump year-on-year (YoY) in its net profit at Rs 1,502 crore for the third quarter ended 31 December 2021. The bank’s operating profit grew by 10.16 per cent for the period under review. For the nine months ended 31 December 2021, the bank’s net profit grew by […]
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Hyderabad: Six more persons, including a woman working as a branch manager of Canara Bank in the city, were arrested by the Hyderabad City Police in connection with the Telugu Akademi Fixed Deposits Receipts (FDRs) scam on Wednesday. Four persons were arrested earlier in the case. The arrested persons were Segoori Ramesh, accounts officer at […]
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Officials suspect a short circuit led to the fire.
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Hyderabad: The Hyderabad Central Crime Station police arrested a businessman on charges of cheating a nationalised bank to the tune of Rs 95 lakh here on Monday. The suspect, Saket Talwar (41), a resident of Banjara Hills, was caught by the Hyderabad Police at Mavi Villa, Arambol Beach in Goa and brought to the city. […]
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The bank said the debt instruments will be issued subject to market conditions and necessary approvals.
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The lender said the capital is slated to be raised through qualified institutional placement (QIP), follow-on public offer, rights issue, preferential issue or any other means or a combination.
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Total income on a standalone basis during January-March rose to Rs 21,522.60 crore as against Rs 14,222.39 crore in the year-ago period, Canara Bank said in a regulatory filing.
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Meanwhile, Jayant Patel scalped eight wickets to guide Canara Bank to a seven-wicket victory over Hyd Patriots.
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For the banks that got merged, - account number, IFSC, MICR code, branch address, cheque-book, passbooks will also undergo a change to represent the new entity.
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Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices on the days of the proposed strike.
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These Acts led to nationalisation of banks in two phases and provisions of these laws have to be changed for privatisation of banks, they said
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With high credit costs continuing to suppress their profitability, the banks' capital buffers will remain insufficient.
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The bank's total income (consolidated) during October-December period of 2020-21 rose to Rs 24,490.63 crore from Rs 15,531.80 crore, Canara Bank said in a regulatory filing.
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It was alleged that the accused in connivance with unknown public servants and others defrauded the consortium of PSBs, consisting of SBI, IDBI, Canara Bank, Andhra Bank, Corporation Bank, Exim Bank, Punjab and Sind Bank and Union Bank of India and caused a loss of Rs 4,837 crore.
