"canara-bank"

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 […]

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 […]

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 […]

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 […]

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 […]

Officials suspect a short circuit led to the fire.

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. […]

The bank said the debt instruments will be issued subject to market conditions and necessary approvals.

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.

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.

Meanwhile, Jayant Patel scalped eight wickets to guide Canara Bank to a seven-wicket victory over Hyd Patriots.

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.

Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices on the days of the proposed strike.

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

With high credit costs continuing to suppress their profitability, the banks' capital buffers will remain insufficient.

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.

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.

According to the fire officials, the fire broke out around 11.30 p.m on the upper floor of the building housing the Canara Bank at Narayanguda

"Banks have been able to raise a lot of money from the markets. About Rs 40,000 crores have been raised by the public sector banks both in the form equity and also AT1 and Tier II bonds.

Manager of the bank G Tirupati said that the institution credited monetary aid with the savings account of the six meritorious pupils in connection with the foundation day