Canara Bank Q1 profit up 11% to ₹3,905 cr
PSU bank's net interest income surged 6% YoY to ₹9,166 crore in Q1 FY25 vs ₹8,666 crore in the year-ago period
PSU bank's net interest income surged 6% YoY to ₹9,166 crore in Q1 FY25 vs ₹8,666 crore in the year-ago period
The PSU bank will split one equity share with face value of ₹10 into five equity shares, each with a face value of ₹2.
RBI had recently imposed a penalty worth ₹1.30 cr on SBI for non-compliance with rules related to ‘loans and advances’, ‘intra-group transactions and exposures’
The share price of Canara Bank has doubled in the last one year, from its 52-week low of ₹268.85 on Feb 24, 2023, to ₹550.50 today.
The attached properties include 17 residential flats, bungalows and commercial premises.
The banking stock has declined as much as 7% in the past three sessions as investors resorted to profit booking ahead of its fourth quarter earnings report.
The upgrade reflects an improvement in India's macro profile to "Moderate+" from "Moderate", says Moody's.
The BSE Sensex and the NSE Nifty are expected to open flat to lower on Friday, following muted trends on SGX Nifty.
Bank of Baroda, Bank of India, and Canara Bank have finally got new MD and CEOs.
By merging 10 PSBs into four large banks, the Finance Minister wants to push growth through credit offtake and pave the way for a $5 trillion economy.