Wilful defaulters borrowing Rs 25 lakh and above owed more than Rs 15,490 crore to PNB as of May end, up 2 per cent from the preceding month.
State-owned Canara Bank today said it will raise up to Rs 7,000 crore through various means, including rights issue and qualified institutional placement (QIPs).
FCA imposed a fine of 896,100 pounds (about Rs 8 cr) on the London branch of Canara Bank and also stopped it from accepting deposits for nearly 5 months.
Britain’s markets regulator has fined the UK division of Canara Bank $1.2 million and blocked it from accepting new deposits for systemic AML failures.
The broader NSE Nifty was down 0.47 percent at 10,633 as of 0721 GMT (1251 IST), while the benchmark BSE Sensex was 0.49 percent lower at 35,977.89.
Canara Bank reported a net loss of Rs 4,859.77 crore for the last quarter of 2017-18 due to increased provisioning for bad loans.
Key corporate earnings and factors such as movement of crude oil and rupee are likely to drive the domestic stock market this week, say experts.
Currency supply to ATMs and branches has improved but cash crunch still persists in the system which would be normalised soon, bank officials said.
Canara Bank said it has called off the divestment process of its entire stake in the housing finance company Can Fin Homes.
Shares in Canara Bank tumbled more than 5% after the country’s federal police filed charges against a former chairman and others over allegations.
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
Have not received any notice from ED on FEMA violations
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20