Canara Bank clocks 10.5 per cent jump in Q1 net profit at Rs 3,905 crore
The bank’s net interest income (NII) during the first quarter increased 6 per cent to Rs 9,166 crore from Rs 8,666 crore in the same period last year.
The bank’s net interest income (NII) during the first quarter increased 6 per cent to Rs 9,166 crore from Rs 8,666 crore in the same period last year.
After its official social media handle on X was hacked, Canara Bank on Sunday acknowledged it, saying their X handle…
A host of bank unions have given a call for strike on March 15-16.
Prior to joining the current assignment, Rao was Executive Director, Canara Bank for more than three years where he played a pivotal role in the Bank’s progress and in the amalgamation of Syndicate Bank with Canara Bank.
GM Santanu Kumar Majumdar, Circle Head, Delhi, RO Heads, RAH Heads and other Executives of Delhi Region attended the expo along with the branch in-charges.
The overnight and one-month lending rates have been cut by 20 basis points (bps) to 7 per cent each.
In this regard, the lender will seek its shareholders' approval, in its upcoming Annual General Meeting on August 10.
BoM has revised downwards its six months MCLR to 7.30 per cent from 7.50 per cent.
With an aim to reach out to the eligible borrowers, the bank has employed various strategies like SMS, call centres, emails and personal calls, explaining the facility in order to sanction the loan.
From April 1, 10 public sector banks will be merged into 4.
