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The Latest Breaking News from Canara Bank

Canara Bank sees NIM floor at 2.5%, confident of absorbing ECL hit without fresh equity

Canara Bank anticipates a strong FY27. Margins are stable, and asset quality remains robust. The bank can manage upcoming provisioning needs without raising fresh capital. Deposit growth is expected to continue at a healthy pace. Operating profits are projected to grow substantially. Return on assets will be maintained above 1…

The Economic Times · May 12

Loan EMIs set to increase: Canara Bank raises lending rates by 5 bps on these tenures; Bank of Baroda MCLRs remain unchanged

Canara Bank has revised its lending rates. The bank increased its Marginal Cost of Funds Based Lending Rate by 5 basis points for all loan tenors. These new rates are effective from May 12, 2026. Borrowers with MCLR-linked loans may see higher EMIs. Bank of Baroda has kept its MCLR…

The Economic Times · May 12

Canara Bank shares rise over 2% after Q4 results. What are Morgan Stanley, Motilal Oswal saying?

Canara Bank shares rose after the lender reported a consolidated net profit of Rs 4,506 crore for Q4FY26, down 10% year-on-year and 13% sequentially. Despite the decline in profit, net interest income grew 4% YoY to Rs 9,808 crore.

The Economic Times · May 12

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Highest 5-year FD rates at PSU vs private vs SFB banks: What Rs 1 lakh investment in each FD will give you on maturity

Investors seeking high returns on 5-year fixed deposits can explore options beyond public sector banks. DCB Bank leads private banks with a 7.25% interest rate, offering an approximate maturity of Rs 1.43 lakh on a Rs 1 lakh investment. IDFC FIRST Bank follows closely, while other private and small finance…

The Economic Times · May 8

SC wants IIT Delhi to probe physics question ambiguity, will hear NEET petitions again tomorrow

The Supreme Court on Monday asked the IIT Delhi director to constitute a three-member expert committee to give their opinion on the ambiguous physics question that led to the award of grace marks in NEET-UG 2024.

Newslaundry · Jul 22, 2024

In Haryana hall of shame, NTA’s different yardsticks for test and retest

There was a difference between the National Testing Agency’s yardsticks for the NEET-UG retest last month and the original test in May in Haryana’s Jhajjar.

Newslaundry · Jul 6, 2024

CITU to resist takeover of Steel Complex

CITU resists transfer of Steel Complex to private sector, demands SAIL handover to Kerala government, citing public interest.

The Hindu · May 18, 2024

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SAIL-SCL takeover: State govt. to challenge NCLT order

State government challenges NCLT order to handover SAIL-SCL Kerala Limited, citing violation of lease agreement and lack of consultation.

The Hindu · May 8, 2024

Kerala government to appeal NCLT order to hand over steel complex to Chhattisgarh company

The Hindu · May 8, 2024

Employees suspect foul play in SCL takeover by private firm

Kozhikode steel complex employees suspect land mafia involvement in SAIL-SCL takeover, alleging government betrayal, seeking job security for workers.

The Hindu · May 7, 2024

ED attaches properties worth ₹4.81 crore in bank fraud case in Jammu and Kashmir

ED attached properties worth ₹4.81 crore in Srinagar in an alleged bank fraud case.

The Hindu · Mar 11, 2024

DLRC meet assesses performance of banks in Wayanad

DLRC assesses banks' performance in KALPETTAA district; ₹4,533 crore disbursed in Q2 FY 2023-24.

The Hindu · Jan 3, 2024

Banks in Malappuram told to enhance CD ratio

Deposit in Malappuram district increased by ₹753.27 crore in last quarter; NRI deposits, loan & CD ratio also increased. Banks urged to attend ABCD camps & inform people of aid schemes.

The Hindu · Dec 21, 2023

Camps for speedy disbursal of paddy procurement cash

PALAKKAD: Banks SBI & Canara to hold special camps at 23 Krishi Bhavans on Dec 2, 4 & 5 for speedy disbursal of cash for 1st crop paddy. Farmers must bring PRS, Aadhaar, PAN, photo. Other farmers must wait for message from Supplyco & approach respective bank when told. Price…

The Hindu · Dec 1, 2023

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The Hindu · Nov 21, 2023

Canara Bank introduces WhatsApp banking channel on 118th Founder’s Day

Besides, it introduced Canara Corporate ai1, which would cater to the diverse needs of corporate customers of the bank. They would be able to perform banking transactions through internet banking, and also on the app.

The Hindu · Oct 27, 2023

The Hindu Home Expo buyers and builders felicitation meet

The Hindu · Oct 3, 2023

Union Finance Minister Nirmala Sitharaman kickstarts Coimbatore visit with cleanliness drive

Finance Minister Nirmala Sitharaman participated in a cleanliness drive in Coimbatore, organised by Canara Bank and IOB, under the Swachh Bharat campaign. She interacted with bank staff and sanitation workers, and presented cheques of ₹10 lakh and ₹5 lakh to the Coimbatore Corporation. She concluded the day by speaking to…

The Hindu · Sep 28, 2023

Canara Bank raises ₹5,000 crore in Long Term Infrastructure Bond

Canara Bank has said that it raised ₹5,000 crore in Long Term Infrastructure Bond, Series I Bonds during the current fiscal.

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Dynamite News · Sep 14, 2023

Jet Airways founder Naresh Goyal sent to judicial custody after ED custody ends

After the conclusion of his Enforcement Directorate (ED) custody, Jet Airways founder Naresh Goyal faced further legal proceedings as he was presented before a Special Prevention of Money Laundering Act (PMLA) Court today. Read further on Dynamite News:

The Hindu · Sep 13, 2023

Loans for farmers not diverted for any other purpose, says Minister in Kerala Legislative Assembly

The Hindu · Jul 29, 2023

Three including a bank appraiser booked for cheating a bank

Senior manager of Canara bank has filed a cheating complaint against three people including the appraiser of the bank for cheating the bank with ₹14 lakh after pledging fake gold valuables in June this year.

The Hindu · Jul 19, 2023

ED conducts searches in Jet Airways case

ED searches multiple locations in Mumbai and Delhi in money laundering case related to Jet Airways. FIR registered by CBI. Company defaulted on payment and lenders initiated resolution exercise. Loan accounts of ₹728.66 crore, incl. ₹538.62 crore to Canara Bank, declared fraud.

The Hindu · Jul 1, 2023

The Hindu Home Expo gets under way

The sixth edition of The Hindu Home Expo got off to an encouraging response at Lulu Mall on Saturday.

The Hindu · Jun 28, 2023

Culture Ministry signs MoU with Canara Bank for monthly disbursal of assistance to veteran artists

Veteran artists availing of financial assistance being given to them under a special Central government scheme, would now get a monthly disbursal instead of a lump sum amount.

The Hindu · Jun 24, 2023

Karnataka CM to inaugurate The Hindu businessline’s MSME conclave

Karnataka Chief Minister Siddaramaiah will inaugurate The Hindu businessline’s flagship ‘MSME Growth Conclave’ at Bengaluru on June 27, International MSME Day.

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