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...
24 Jun, 2022, 07.28 PM IST
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...
16 May, 2022, 06.27 PM IST
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...
06 May, 2022, 03.05 PM IST
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...
27 Jan, 2022, 09.47 PM IST
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...
26 Oct, 2021, 04.37 PM IST
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 ...
28 Jul, 2021, 01.35 PM IST
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...
28 Jul, 2021, 06.33 AM IST
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...
27 Jul, 2021, 07.24 PM IST
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."
19 May, 2021, 12.05 PM IST
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 ...
18 May, 2021, 05.54 PM IST
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...
13 Oct, 2020, 08.54 PM IST
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...
17 Aug, 2020, 07.23 PM IST
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...
25 Jun, 2020, 04.58 PM IST
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 ...
24 Jun, 2020, 08.39 PM IST
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.
29 May, 2019, 08.53 PM IST
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
05 Feb, 2019, 04.32 PM IST
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 ...
01 Mar, 2018, 09.39 PM IST