|Bid||262.45 x 0|
|Ask||262.65 x 0|
|Day's range||261.45 - 270.00|
|52-week range||225.35 - 463.40|
|PE ratio (TTM)||N/A|
|Earnings date||17 Jul 2018 - 21 Jul 2018|
|Forward dividend & yield||1.00 (0.36%)|
|1y target est||275.95|
Britain's markets regulator has fined the UK division of India's Canara Bank 896,100 pounds ($1.2 million) and blocked it from accepting new deposits for around five months for systemic anti-money laundering (AML) failures. The Financial Conduct Authority (FCA) said on Wednesday that the control failures at the UK division of Canara Bank, India's fifth largest state-run lender by assets, affected almost all levels of its business and governance structure, including senior management.
Rakesh Sharma took the helm as Canara Bank’s (NSEI:CANBK) CEO and grew market cap to ₹185.77B recently. Understanding how CEOs are incentivised to run and grow their company is anRead More...
Mumbai, March 31 (IANS) State-run lender Canara Bank on Saturday said it has called off the divestment process of its entire stake in the housing finance company Can Fin Homes. "Since the quote received is not in tune with the valuation, Canara Bank has decided to call-off the divestment process of its entire stake in Can Fin Homes, which was under process," the BSE filing said.
NEW DELHI/MUMBAI (Reuters) - The Central Bureau of Investigation (CBI) filed charges on Monday against a former chairman of state-run Canara Bank and others over allegations that the officials helped a company defraud the bank of about $10.5 million taken in loans over four years ago. The CBI also said it had arrested seven people - including two former managers of the country's top lender, State Bank of India, a former manager of Canara Bank and directors of a Kolkata-based private company - in a separate "bank fraud" case of about 150 million rupees ($2.3 million). India has cracked down on shady loans in its mammoth state banking sector after a more than $2 billion fraud was uncovered at state-run Punjab National Bank (PNB) earlier this year.
New Delhi, March 2 (IANS) State-run Canara Bank on Friday said it has got the shareholders' approval for raising up to Rs 4,865 crore by allotting additional equity shares of around Rs 13.59 crore to the government on preferential basis. Following the allotment, the government's holdings, as a percentage to the capital, will increase to 72.55 per cent from the present 66.3 per cent and percentage of shareholdings by investors other than the central government will get reduced to 27.45 per cent.
Bengaluru, March 1 (IANS) State-run Canara Bank on Thursday clarified that it gave only Rs 40 crore loan to the Kolkata-based RP Infosystems and its directors. The bank also clarified that it was not the leader of the consortium and said it had already treated the loan account to the IT firm as fraud in October 2015 and reported about it to the Reserve Bank of India (RBI). Besides Canara Bank, the consortium includes State Bank of India, Allahabad Bank, Punjab National Bank, Central Bank of India, Oriental Bank of Commerce and Federal Bank.