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Canara Bank Ltd (CNBK.NS)

CNBK.NS on National Stock Exchange of India

238.10INR
12 Nov 2018
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Latest Key Developments (Source: Significant Developments)

India's Canara Bank Sept-Qtr Net Profit Up About 15.1 Pct
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Canara Bank Ltd ::SEPT QUARTER NET PROFIT 3 BILLION RUPEES VERSUS PROFIT OF 2.60 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR SEPT QUARTER NET LOSS 1.16 BILLION RUPEES.SEPT QUARTER INTEREST EARNED 111.24 BILLION RUPEES VERSUS 100.58 BILLION RUPEES LAST YEAR.SEPT QUARTER PROVISIONS AND CONTINGENCIES 28.35 BILLION RUPEES VERSUS 21.57 BILLION RUPEES LAST YEAR.SEPT QUARTER PROVISIONS FOR NPA 24.03 BILLION RUPEES VERSUS 19.50 BILLION RUPEES LAST YEAR.SEPT QUARTER GROSS NPA 10.56 PERCENT VERSUS 11.05 PERCENT PREVIOUS QUARTER.SEPT QUARTER NET NPA 6.54 PERCENT VERSUS 6.91 PERCENT PREVIOUS QUARTER.  Full Article

Vijaya Bank Says Has Filed Joint Suit With Canara Bank Against Abhijeet Group
Monday, 12 Mar 2018 

March 12 (Reuters) - Vijaya Bank ::CLARIFIES ON NEWS ITEM ON ‍ED ATTACHING 380.7 MILLION RUPEES IN BANK FRAUD CASE AGAINST ABHIJEET GROU​P.APART FROM ABHIJEET PROJECTS, CO HAS EXPOSURE TO ABHIJEET GROUP COMPANIES AND ALL ARE CLASSIFIED AS NPA IN THE BANK ‍​.BANK HAD SANCTIONED LOAN TO ABHIJEET PROJECTS UNDER CONSORTIUM WITH CANARA BANK.ABHIJEET GROUP FAILED TO PAY DUES AS PER TERMS AND THEREFORE COMPANY'S ACCOUNT HAS BEEN CLASSIFIED AS NPA ON 31 DECEMBER 2013.BANK ALONG WITH CANARA BANK HAS FILED JOINT SUIT AGAINST ABHIJEET GROUP BEFORE DEBT RECOVERY TRIBUNAL.  Full Article

India's Canara Bank Dec Qtr Profit Falls About 61 Pct
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Canara Bank Ltd ::DEC QUARTER NET PROFIT 1.26 BILLION RUPEES VERSUS PROFIT OF 3.22 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR DEC QUARTER NET PROFIT WAS 2 BILLION RUPEES.DEC QUARTER INTEREST EARNED 107.75 BILLION RUPEES VERSUS 102.88 BILLION RUPEES YEAR AGO.DEC QUARTER PROVISIONS AND CONTIGENCIES 26.74 BILLION RUPEES VERSUS 14.85 BILLION RUPEES YEAR AGO.DEC QUARTER PROVISIONS FOR NON-PERFORMING ASSETS 19 BILLION RUPEES VERSUS 14.87 BILLION RUPEES YEAR AGO.DEC QUARTER GROSS NPA 10.38 PERCENT VERSUS 10.51 PERCENT PREVIOUS QUARTER.DEC QUARTER NET NPA 6.78 PERCENT VERSUS 7.02 PERCENT PREVIOUS QUARTER.  Full Article

Canara Bank Does Not Accept Bid From Empanelled Merchant Bankers For Can Fin Homes Stake Sale
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Canara Bank Ltd ::CO DID NOT ACCEPT BID FROM EMPANELLED MERCHANT BANKERS FOR SALE OF 4 PERCENT STAKE IN CAN FIN HOMES.  Full Article

Canara Bank Designates N Sivasankaran As CFO
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Canara Bank Ltd ::SAYS N SIVASANKARAN DESIGNATED AS CFO, REPLACING N SELVARAJAN.  Full Article

Canara Bank Not To Pursue Stake Sale In Canara Robeco Asset Management
Friday, 29 Dec 2017 

Dec 29 (Reuters) - Canara Bank Ltd ::SAYS NOT TO PURSUE STRATEGIC SALE OF ITS STAKE IN CANARA ROBECO ASSET MANAGEMENT CO FOR TIME BEING.  Full Article

Canara Bank Proposes To Offload 4 Pct Stake In Can Fin Homes
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Canara Bank Ltd ::SAYS PROPOSES TO OFFLOAD 4 PERCENT STAKE IN CAN FIN HOMES THROUGH EMPANELLED MERCHANT BANKERS/INVESTMENT BANKERS.  Full Article

Canara Bank Proposes To Sell 400,000 Shares Of National Securities Depositories Ltd
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Canara Bank Ltd ::SAYS BANK PROPOSES TO SELL 400,000 EQUITY SHARES OF NATIONAL SECURITIES DEPOSITORIES LTD.  Full Article

Canara Bank Says Bank Employees' Unions Called For Industry-Wide Strike On Dec 27
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Canara Bank Ltd ::ALL INDIA BANK EMPLOYEES' ASSOCIATION, ALL INDIA BANK OFFICER' ASSOCIATION CALLED FOR ALL INDIA INDUSTRY WIDE STRIKE ON DEC 27.  Full Article

Canara Bank to divest stake in three units
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Canara Bank Ltd :Board permitted bank to divest stake in Canara Robeco Asset Management Co, Canbank Computer Services, Can Fin Homes Ltd​.  Full Article

India's Canara Bank posts Q2 profit on tax write-back

Oct 31 India's Canara Bank Ltd reported a 15.1 percent rise in second-quarter net profit on Wednesday, helped by a tax write-back.