Page 5 - Canara Bank

Canara Bank, IDFC: Budget 2022 gives wings to these financial stocks

IDFC Limited has crossed major resistance of Rs 65, which it had been struggling to conquer since late 2016

Canara Bank Q3 net rises 115.8% on steady growth in NII, dip in provisions

The bank's NII grew by 14.11 per cent to Rs 6,946 crore in Q3FY22 as against Rs 6,087 crore in Q3FY21.

Canara Bank shares jump nearly 9% after net profit jumps two-fold

Shares of Canara Bank on Thursday zoomed nearly 9 per cent after the company reported an over two-fold jump in net profit on a standalone basis for the December 2021 quarter. The stock jumped 8.77 per cent to settle at Rs 240.70 on BSE. During the day, it zoomed 9.46 per cent to Rs 242.25. On NSE, it rallied 8.76 per cent to settle at Rs 240.80. State-owned Canara Bank on Thursday reported an over two-fold jump in its net profit on a standalone basis to Rs 1,502 crore for the December 2021 quarter on the back of lower provisioning. The bank had posted a net profit of Rs 696 crore in the year-ago quarter. Sequentially, the net profit was higher by 13 per cent from Rs 1,333 crore in the quarter ended September 2021. Total income, however, fell marginally to Rs 21,312 crore during the October-December period of 2021-22, against Rs 21,365 crore in the same quarter of 2020-21, Canara Bank said in a regulatory filing. The bank's gross non-performing assets (NPAs) or bad loans rose to

Top headlines: Air India now a Tata property; Canara Bank Q3 net jumps 116%

Business Standard brings you the top headlines on Thursday

Sensex slips 581 pts amid hawkish US Fed, F&O expiry; Nifty holds 17,100

Sectorally, the Nifty PSU Bank index jumped a massive 5 per cent on the NSE, while the Nifty Bank and Private Bank indices added about a per cent each

Canara Bank's healthy Q3 result sparks rally in PSB; index jumps 3%

In Q3FY22, Canara Bank's asset quality improved with its gross non-performing assets (GNPA) ratio reducing to 7.80 per cent, down from 8.42 per cent as at September 2021.

SBI can rally to a new high, charts show; Canara Bank, J&K have 8% upside

The Nifty PSU Bank index needs to cross 2,850 to indicate further strength

Canara Bank raises Rs 2,500 crore through Basel-III compliant bonds

Canara Bank on Friday said it has raised Rs 2,500 crore by issuing Basel-III compliant bonds to a total of 10 allottees.

Stocks to Watch:GSK Pharma, Jet Airways, Rel Infra, auto, bank, FMCG shares

Traders may keep positions light owing to the weekend factor as uncertainty lingers around the threat of Omicron variant

Canara Bank raises Rs 1,500 crore via Basel-III compliant bond

State-owned Canara Bank on Thursday said it has raised Rs 1,500 crore by issuing Basel-III compliant bonds. "Our bank came out with issuance of Rs 1,500 crore of additional tier I bonds on 30th November 2021. "The bank received total bid amount of Rs 4,699 crore, out of which full issuance of Rs 1,500 crore was accepted at 8.05 per cent," Canara Bank said in a regulatory filing. To comply with Basel-III capital regulations, banks globally need to improve and strengthen their capital planning processes. These norms are being implemented to mitigate concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks. Shares of Canara Bank closed at Rs 207.10 apiece on BSE, up 0.15 per cent from the previous close.

Stocks to Watch: RIL, Asian Paints, PVR, SBI, Axis Bank, Dixon, Onward Tech

Reliance Industries has decided to implement a Scheme of Arrangement (Scheme) to transfer Gasification Undertaking into a wholly-owned subsidiary (WOS)

SBI, Axis, Canara likely to raise Rs 7,500 crore via AT I bonds before 2022

The country's largest lender, SBI, is looking at raising an additional Rs 4,000 crore, Axis Bank Rs 2,000 crore and Canara Bank Rs 1,500 crore

CARE upgrades by a notch AT1 bonds ratings of 4 state-owned lenders

Agency sees improvement in capital cushions over minimum regulatory requirement, improvement in profitability.

Canara Bank hits over 2-year high; stock zooms 62% from QIP price

The stock was up 6% to Rs 242.60 and has rallied 62% against qualified institutional placement (QIP) price of Rs 149.35 per share

Bank's vengeful conduct can invite punishment

The award of compensation is governed by Sec 73 of the Indian Contract Act, which says a party who suffers due to breach of contract is entitled to compensation for the natural loss

Fund Pick: Why Canara Robeco Bluechip Equity Fund is a winner

The fund's investment objective is to provide capital appreciation by predominantly investing in companies having a large market capitalisation

ICRA upgrades tier I, II bonds of Canara Bank and Punjab National Bank

The solvency is expected to get a further boost from expectations of steady internal capital accruals, the rating agency said in a statement

Canara Bank stock surges 10%, hits 21-month high in a subdued market

Ace investor Rakesh Radheshyam Jhunjhunwala held 29.10 million equity shares or 1.6 per cent stake in Canara Bank as on September 30, 2021.

Canara Bank Q2 net triples to Rs 1,333 cr on surge in non-interest income

NII shrinks 0.5% to Rs 6,273 cr; asset quality profile is broadly stable

Canara Bank net profit jumps over two times to Rs 1,333 cr in Sep qtr

State-run Canara Bank on Tuesday reported over two-fold jump in its net profit at Rs 1,332.61 crore in second quarter ended September of this fiscal. The bank had posted net profit of Rs 444.41 crore in the same period of the previous fiscal year. Total income of the bank also rose to Rs 21,331.49 crore during July-September period of 2021-22, as against Rs 20,793.92 crore in same period of 2020-21, Canara Bank said in a regulatory filing. Bank's gross non-performing assets (NPAs) were a tad up at 8.42 per cent of the gross advances as of September 30, 2021, as against 8.23 per cent by end of September 2020. However, it fell sequentially from 8.50 per cent by end of June 2021 quarter. In value terms, the gross NPAs stood at Rs 57,853.09 crore, up from Rs 53,437.92 crore. Net NPAs (bad loans), however, fell to 3.21 per cent (Rs 20,861.99 crore) from 3.42 per cent (Rs 21,063.28 crore). Provisions for bad loans and contingencies for the reported quarter fell to Rs 3,360.23 crore fro