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Public Sector Canara Bank increased loan interest rate to to 9.40% at RLLR. The rate hike is done immediately after the RBI announcement of increase in Repo rate by 0.25%. Due to increase in the RLLR, the various loans including Home Loan, Car Loan, Mortgage based Loan, MSME and others will be costlier as these […]
Government has appointed Shri Hardeep Singh Ahluwalia as Executive Director of Canara Bank effective from 07th Feb 2023. Earlier to this, Sri Ahluwalia was General Manager with Indian Bank. He started his banking career as Agricultural Field Officer on 30.03.1992 at Allahabad Bank (now Indian Bank). He is a graduate in Agriculture and a Certified […]
Government of India has appointed Mr. K Satyanarayana Raju as MD & CEO Of Canara Bank from February 7, 2023. He succeeded Shri L V Prabhakar, who left office on December 31, 2022. Since March 10, 2021, Shri. K Satyanarayana Raju has additionally served Canara Bank as Executive Director. Earlier to that he was Chief General […]
Adani Group companies in together has lost $6 Billion in today’s stock market crash based on certain reports published by US media. Gautam Adani the richest man in Asia has seen his wealth reduced by 10% at the closing of the trading window. All these happened based on the report of US-based Hindenburg Research specializes […]
In a surprise move, the Reserve Bank of India, RBI bans SBM Bank from LRS remittance transactions and instructed to stop it immediately. The action was taken by the central bank under sections 35A and 36(1)(a) of the Banking Regulation Act, 1949,and directed SBM Bank to stop Liberalized Remittance Scheme (LRS) with immediate effect till […]
Public Sector Lender Canara Bank Net Profit Jumps by 92% in Q3 as reported by the bank to stock exchange. The net profit increases to almost double during the third quarter ended December 2022 at ₹2,881.5 crore as compared to ₹1,502 crore in the same quarter a year ago. The bank has shown the good numbers […]
A good show in previous three quarters by Public Sector Bank has strengthen their rating also. The rating agency Moody’s has upgraded the Credit Rating of Canara Bank, PNB & Bank of Baroda to Baa3. The long-term local and foreign currency bank deposit ratings of these three banks upgraded to Baa3 from Ba1. The baseline […]
Canara Bank increases debit card service charges with effect from Feb 13, 2023 – The public sector Canara Bank has increased the Annual Fees & service charges on various card types. The bank has notified it through their website, as per the official notification of the bank, the new service charges will go into effect […]
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