Canara Bank at multi-year low
To alter the short-term downtrend, the stock needs to move above the resistance at 20017-01-2016
17-01-2016
Organizational Restructuring of the Bank
Canara Bank has informed BSE that the Board of the Bank in its meeting held on January 12, 2016 permitted the Bank to move to 4 Tier system ie., Head Office, Circle Offices, Regional Offices & Branches from the existing system of 3 Tier ie., Head office, Circle Offices and Branches in the next financial year in a phased manner in order to enhance the connect between the branches and controlling offices, strengthen the control mechanism and to improve...13-01-2016
Issuance of BASEL-III compliant Tier - II Bonds - Rs. 900 Crore (Series-ll)
Canara Bank has informed BSE that as per the powers delegated by the Board of the Bank, the Bond Committee has decided to raise Basel III Compliant Tier -II Bonds amounting to Rs. 900 Crore (as Series - II) by way of Private Placement.Accordingly, the Bank has successfully raised Rs. 900 Crore under BASEL-III Compliant Tier-II Bonds on January 07, 2016 with a coupon of 8.40 % PA....07-01-2016
Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015
Canara Bank has informed BSE regarding Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended December 31, 2015, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.07-01-2016
Statutory Central Auditors
Canara Bank has informed BSE that Reserve Bank of India has conveyed their approval for appointment of four continuing firms and two new firms as the Statutory Central Auditors for the year 2015-16.01-01-2016
Yes Bank, Canara Bank Raise Rs 1,500 Crore Each Via Bonds
State-run Canara Bank and private lender Yes Bank announced raising Rs 1,500 crore each by issuing Basel III compliant tier-II bonds.01-01-2016
Issuance of BASEL-III compliant Tier - II Bonds - Rs. 1500 Crore (Series-I)
Canara Bank has informed BSE that as per the powers delegated by the Board of the Bank, the Bond Committee has decided to raise Basel III Compliant Tier-II Bonds amounting to Rs. 1500 Crore by way of Private Placement.Accordingly, the Bank has successfully raised Rs. 1500 Crore under BASEL-III Compliant Tier-II Bonds on December 31, 2015 with a coupon of 8.40% PA.31-12-2015
Strike by All India Bank Employees' Association (AIBEA)
Canara Bank has informed BSE that the the Bank has been informed that All India Bank Employees' Association (AIBEA) has given a call for All India Industry-wide Strike on January 08, 2016. In the Bank, the Canara Bank Employees' Union (Regd) being affiliated to AIBEA would be on strike in the event of strike materializing on January 08, 2016.The above is a strike call given by All India Bank Employees' Association (AIBEA) is at Industry Level and not for Bank level issues.28-12-2015
Updates on Financial Result for Sept 30, 2015 (Segment Results)
Canara Bank has informed BSE that there had been a typographical error in the segment results under the heads 'Provisions and Contingencies' and 'Income Tax' due to wrong carry over of the figures from the SEBI front sheet of the financial results for September 2015. This is on account of publishing the income tax provisions for deferred tax in decimals in the financial results front sheet and reporting the rounding off figures in segment results....28-12-2015
Updates on Issuance of BASEL-III compliant Tier - II Bonds - Rs. 2400 Crore - Ratings
With reference to the earlier letters dated November 19, 2015 and December 22, 2015 the Company had informed the Ratings received from M/s India Ratings & Research Private Limited (a Fitch Group Company) and M/s ICRA for the proposed issue of the Bonds.Canara Bank has now informed BSE that the Bank has also received ratings of 'CRISIL AAA/Stable (Pronounced "CRISIL Triple A rating with Stable Outlook") from M/s CRISIL Limited for the proposed issue of the said Bonds.23-12-2015