Canara Bank

Canara Bank News

These government banks are offering senior citizens higher interest rates on FDs than Post Office; check here
Business

These government banks are offering senior citizens higher interest rates on FDs than Post Office; check here

The interest rates promised are significantly greater than those provided by the Post Office. The 666-day fixed deposit plan offered by Canara Bank guarantees senior citizens a 7.5 percent return on their investment

Canara Bank employees sell FD schemes on Mumbai streets; video goes viral
India

Canara Bank employees sell FD schemes on Mumbai streets; video goes viral

The viral video shows employees of Canara Bank purportedly selling their special FD scheme by announcing it through a microphone

Canara Bank raises FD interest rates again; check latest rates here
Business

Canara Bank raises FD interest rates again; check latest rates here

The FD rates of Canara Bank were earlier hiked on 7 October. The bank is offering a variety of attractive FD options to investors

Canara Bank raises lending rates by 15 basis points; EMIs to increase
Business

Canara Bank raises lending rates by 15 basis points; EMIs to increase

Canara Bank raised its overnight to one-month MCLR rate by 15 basis points, from 6.90 per cent to 7.05 per cent

Karnataka man sets bank on fire after his loan request gets rejected, say police
India

Karnataka man sets bank on fire after his loan request gets rejected, say police

The police have registered a case under Sections 435, 436 and 477 of the Indian Penal Code (IPC)

Canara Bank SO recruitment 2020: Application window for 220 vacancies closes today; check canarabank.com
India

Canara Bank SO recruitment 2020: Application window for 220 vacancies closes today; check canarabank.com

The recruitment process is being carried out to fill 220 vacancies for the post of specialist officers in various disciplines in scale 1 and 2

CBI files FIR against rice export firm, executives for over Rs 1,200 crore bank fraud
India

CBI files FIR against rice export firm, executives for over Rs 1,200 crore bank fraud

Delhi-based Amira Pure Foods Pvt Ltd and its top executives are accused of cheating a consortium of a dozen banks led by Canara Bank

Canara Bank SO recruitment 2020: Applications for 220 posts of Specialist Officers open at canarabank.com
India

Canara Bank SO recruitment 2020: Applications for 220 posts of Specialist Officers open at canarabank.com

The recruitment exam is set to be conducted in January or February next year. Registration for the same will begin from 25 November

SBI complains to CBI after Rs 411 cr loan defaulters flee country; account had become NPA in 2016
Business

SBI complains to CBI after Rs 411 cr loan defaulters flee country; account had become NPA in 2016

Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said.

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry
Business

Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry

The biggest-ever consolidation exercise in the public sector banking space effected on Wednesday will mark a new dawn for the Indian banking sector, the Finance Ministry said on Wednesday

Syndicate Bank's Krishnan S appointed as executive director at Canara Bank post-merger
Business

Syndicate Bank's Krishnan S appointed as executive director at Canara Bank post-merger

In March, Canara Bank had said Krishnan will be appointed as executive director with effect from 1 April 2020 till 31 October 2020, or until further orders.

Merger of 10 PSU banks comes into effect from today; 10 things you need to know about implications of govt's move
Business

Merger of 10 PSU banks comes into effect from today; 10 things you need to know about implications of govt's move

10 PSU banks are being amalgamated with a larger bank, referred to as the anchor bank

Mega-merger of PSU banks on schedule: 6 banks cease to exist from today; experts say exercise will not be smooth, seamless
Business

Mega-merger of PSU banks on schedule: 6 banks cease to exist from today; experts say exercise will not be smooth, seamless

Experts said bank merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence.

Despite coronavirus lockdown, merger of 10 PSU banks to come into effect from 1 April as planned, says RBI
Business

Despite coronavirus lockdown, merger of 10 PSU banks to come into effect from 1 April as planned, says RBI

The RBI has revealed that the scheme of merging 10 PSU banks into four bigger lenders is on schedule despite the country-wide coronavirus lockdown and will come into force from 1 April, 2020

Coronavirus Outbreak: Canara Bank waives charges on withdrawal from other ATMs
Business

Coronavirus Outbreak: Canara Bank waives charges on withdrawal from other ATMs

In order to provide relief to its customers affected by lockdown in various parts of the country due to COVID-19, state-run Canara Bank on Wednesday announced a full waiver of service charges for any number of withdrawal from other bank's ATMs up till 30 June, 2020

Coronavirus Outbreak: Banks announce special emergency loan products, credit lines for customers
Business

Coronavirus Outbreak: Banks announce special emergency loan products, credit lines for customers

Public sector banks with about 80 percent of banking operation have taken steps to ensure the safety of its staff and uninterrupted banking services to customers.

10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline
Business

10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline

The Union Cabinet on Wednesday had okayed the amalgamation of 10 public sector banks to create four large state-owned lenders with effect from 1 April, 2020

Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending
Business

Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending

According to a senior banker, information technology integration of Vijaya Bank and Dena Bank with Bank of Baroda is still in process even after 10 months of merger.

Essar Steel insolvency case: Crisis-hit company's promoters will have to pay about Rs 8,000 cr as banks set to recover claims
Business

Essar Steel insolvency case: Crisis-hit company's promoters will have to pay about Rs 8,000 cr as banks set to recover claims

The Essar case, which was among the first 12 cases to be referred by the Reserve Bank of India (RBI) for resolution, faced several hurdles as its promoter Prashant Ruia also tried to bid for the company and moved the appellate tribunal for rejection of the ArcelorMittal's Rs 42,000 crore bid

Post-merger of Syndicate Bank, Canara Bank turnover will be Rs 15 lakh crore, says Chairman TN Manoharan
Business

Post-merger of Syndicate Bank, Canara Bank turnover will be Rs 15 lakh crore, says Chairman TN Manoharan

Canara Bank Chairman TN Manoharan said his bank was having a business of Rs 10 lakh crore and the Syndicate Bank Rs 5 lakh crore.