Canara Bank fixes May 15 as record date for 1:5 stock split
The PSU bank will split one equity share with face value of ₹10 into five equity shares, each with a face value of ₹2.
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RBI imposes ₹2 cr penalty on SBI, ₹92 lakh on Canara, City Union Bank
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’
Canara Bank shares jump 6% to hit 52-week high on stock split plan
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.
Jet Airways' assets worth ₹538 cr seized by ED
The attached properties include 17 residential flats, bungalows and commercial premises.
Why Canara Bank shares tumbled 4% despite 90% growth in Q4 profit?
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.
Moody's upgrades ratings of 3 PSU banks
The upgrade reflects an improvement in India's macro profile to "Moderate+" from "Moderate", says Moody's.
Soft opening seen for Sensex, Nifty; L&T, Lupin, BHEL, PNB, TVS Motor shares in focus
The BSE Sensex and the NSE Nifty are expected to open flat to lower on Friday, following muted trends on SGX Nifty.
Three large PSU banks get new heads
Bank of Baroda, Bank of India, and Canara Bank have finally got new MD and CEOs.
Banking on size, technology, and efficiency
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.
