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LV PRABHAKAR
Canara Bank Q2 profit soars 89.5% You to Rs 2,526 croreThe bank’s net interest margin, a key profitability metric, improved to 2.86% for the quarter under review- Large borrowers return to bank fold, help credit growthThe Reserve Bank of India data showed that bank loans taken by large corporations grew 3.3% year-on-year in June, which is the highest grow...
- Canara Bank Q1 net rises 72% on retail loan growthPrabhakar said the bank has increased its provision coverage ratio (PCR) to 84% this year from 70% in March 2020 as a prudent measure and e...
- Canara Bank board approves Rs 9000-crore capital raising planThe bank would look to raise Rs 5500 crore through Basel III compliant additional tier 1 bonds, while the target to raise through tier 2 bo...
- Canara Bank targets Rs 20 lakh crore business by March 2023: MD & CEO L V PrabhakarOur target is to bring down gross non-performing assets ratio 6 per cent from 8.51 per cent seen at the end of March. Net NPA projection is...
- Canara Bank plans Rs 9,000 crore fundraising"Our existing capital is good enough to support a 10% credit growth this fiscal. However, we are firming up a capital plan as it's always b...
- Canara Bank Q3 Results: Net profit jumps over two-fold on lower provisioningNet interest margin, a key profitability parameter, rose to 2.83 per cent for the December quarter from 2.72 per cent in the year ago perio...
- Canara Bank Q2 results: Net profit jumps three times to Rs 1,333 croreBank chief executive LV Prabhakar expects corporate loans to grow at 7.5% for the full year despite muted demand so far, raising hopes of p...
- Over 50% of slippages from MSME sector: LV Prabhakar, Canara Bank"The best part of this restructuring, as far as our bank is concerned, is under MSME. We have restructured about Rs 3,300 crore and retail ...
- Canara Bank Q1 results: Net profit rises nearly three-fold to Rs 1,177 crTotal income in the April-June increased marginally to Rs 21,210.06 crore, from Rs 20,685.91 crore in the year-ago period, Canara Bank said...
- Canara Bank restructures loans worth Rs 13,000 crore, MSME, retail worst hitProfits nearly tripled to Rs 1177 crore at the end of the June quarter as fee income and treasury gains grew sharply. The lender had report...
- Canara Bank's balance sheet strong despite pandemic situation: LV Prabhakar, MD & CEO"Overall, taking into consideration the present pandemic situation, the balance sheet is very strong."
- Canara Bank Q4 results: Net profit at Rs 1,011 cr; loan book grows 3.68% YoYThe bank's net interest margin, a key profitability parameter, improved to 2.75 per cent for the quarter under review from 2.5 per cent in ...
- Banks working to ensure the productivity gains made due to COVID-19 are sustainedAdjustments made due to the pandemic like remote working, use of banking correspondents and flexible working hours have benefits in terms o...
- Andhra Pradesh teams up with NPCI for digital payments in hinterlandsThe initiative, aimed at providing impetus to digital payments among last-mile customers towards financial inclusion was launched by the ch...
- Canara Bank plunges 6% on Rs 3,259 crore Q4 lossKotak Securities said that the lender's losses were primarily on account of higher provisions for staff costs and bad loans. Net non-perfor...
- Canara Bank to seek board approval for fund raisingCEO LV Prabhakar said that the bank will raise the money through a mix of share sale to institutional investors, a perpetual bond and Tier ...
- PNB sets Rs 20,000 crore recovery target in FY20The state-owned bank’s target is 25% higher than recoveries of Rs 16,000 crore in the previous financial year.
- For FY2019, PNB’s total recovery will be around Rs 26,000 crore: LV PrabhakarNPA recovery and cut down on slippages helped PNB report profit this quarter, says Prabhakar
- PNB appoints LV Prabhakar as Executive DirectorPrabhakar's appointment follows retirement of Ram S Sangapure who demitted the office of the Executive Director on February 28, 2018 after ...
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