Buy Canara Bank, target Rs 301: Kunal Bothra
Buy Canara Bank with a target of Rs 301 and a stop loss of Rs 22021-06-2016
21-06-2016
Fixes Book Closure for AGM (Cut-off date for e-voting)
Canara Bank has informed BSE that the Register of Members & Share Transfer Books of the Bank will remain closed from July 16, 2016 to July 26, 2016 (both days inclusive) for the purpose of 14th Annual General Meeting (AGM) of the Bank to be held on July 26, 2016.15-06-2016
Appointment of Government Nominee Director
Canara Bank has informed BSE that in exercise of the powers conferred by clause (b) of Sub-Section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Central Government has nominated Shri Suchindra Misra, Joint Secretary, Department of Financial Services, Government of India,...14-06-2016
Canara bank to sell stake in assets, raise Rs 500 crore
MUMBAI: State-owned Canara Bank is set to raise Rs 500 crore this fiscal by selling stake in its non-core assets after it posted a huge loss in fiscal year 2015-16, a top official told ET. "The bank has decided to sell stakes in Can Fin Homes and Canbank Factors. And this will help us strengthen our equity base. There is no plan to divest stake from its mutual fund and insurance business," Rakesh Sharma, managing director of Canara Bank said. The bank plans to sell 13 per cent stake in Can Fin Homes and reduce its holding to 30 per cent, he said. In case of Canara Factors, the bank has 70 per cent stake. "We are considering two options. Either we will dispose it off completely or dilute some 20 per cent in the factoring business. We have yet not decided it," he said. Can Fin Homes has a market cap of Rs 3,195 crore. The shares of Can Fin Homes moved from Rs 990 on March 1 to touch a high of Rs 1,309 on April 13 and closed at Rs 1,200 on Thursday on the face value of Rs 10. Sensex moved from 23779 to close at 26763 on Thursday. In March, finance ministry directed PSU banks to divest their holdings in non-core assets as it wants the lenders to raise resources internally to meet their capital requirements. In case of Canara Robeco Mutual Fund and Canara HSBC Oriental Bank Life Insurance Company, the Bengaluru-based bank owns 51 per cent. "Presently there are...10-06-2016
Sell Canara Bank, target Rs 183: Mitesh Thacker
Canara Bank is a high beta stock (1.57) and is trading well above its 50-day and 100-day moving average of Rs 192.94 and Rs 187.04, but below its 200-day moving average placed at Rs 229.1108-06-2016
Rates already low, no more cuts now: Rakesh Sharma, Canara Bank
"The policy appears to be hawkish. It will remain stable for the next 3-4 months."08-06-2016
Receipt of Carbon Offset Certificate from M/s. Micro Energy Credits, USA
Canara Bank has informed BSE that the Bank has received CARBON OFFSET CERTIFICATE from M/s. Micro Energy Credits, USA for offsetting 305.27 Tonnes of CO2 Emissions and for designing & implementing a successful clean energy financing program (in the branches of Chitradurga District of Karnataka State), which improved clients' standard of living and reduced carbon emissions....06-06-2016
Declaration of Marginal Cost of Funds Based Lending Rate (MCLR) - June, 2016
Canara Bank has informed BSE regarding "Declaration of Marginal Cost of Funds Based Lending Rate (MCLR) - June, 2016".01-06-2016
Canara Bank (205.5)
The near-term outlook for the stock of Canara Bank is positive. The stock surged 6.6 per cent on Tuesday accompanied by strong volume. Prior to this rise, the stock was hovering above the 21- and 100-...31-05-2016