The head office of Canara Bank in Bengaluru. Canara Bank on Thursday (July 24, 2025) reported a 21.69% year-on-year increase in first quarter (FY26) net profit at ₹4,752 crore, up from ₹3,905 crore in the corresponding quarter a year ago. The bank stated that a significant increase in non-interest income drove the growth. Bank’s Q1 […]
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The Canara Bank on Thursday (July 10, 2025) informed the Bombay High Court that it has withdrawn its order classifying as “fraudulent” the loan account of a firm linked to industrialist Anil Ambani. After the bank’s disclosure, a Bench of Justices Revati Mohite Dere and Neela Gokhale disposed of the petition filed by Mr. Ambani […]
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New data shared by the Minister of State for Finance, Bhagwat Karad, in the Lok Sabha shows three banks have 30% or more women on their payroll. Image for representational purpose only. | Photo Credit: PTI The proportion of women employees has increased over the past year in all but one public sector bank, and as […]
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The University Grants Commission (UGC) is disbursing fellowship and scholarship amounts through a bank portal integrated with the public financial management system for direct benefit transfer payments, the panel’s chairperson Jagadesh Kumar said on Monday. The Scholarship and Fellowship Management Portal (SFMP) for disbursement of amounts has been developed by Canara Bank, he said. “Recently, […]
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The ‘Saamarthya’ scheme, launched under the MoU, will offer assistance for self-employment to rural women. The ‘Saamarthya’ scheme, launched under the MoU, will offer assistance for self-employment to rural women. A memorandum of understanding (MoU) was signed between Sanjeevini (Karnataka State Rural Livelihood Promotion Society — KSRLPS) and e-commerce firm Meesho for the empowerment of […]
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State-owned Canara Bank on Friday reported a 65% jump in its standalone net profit at ₹1,666.22 crore for the quarter ended March 2022. The Bengaluru-headquartered bank had posted a net profit of ₹1,010.87 crore in the same quarter a year ago. Total income of the bank in the January-March period of 2021-22 rose to ₹22,323.11 […]
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