Bigul

Updates on Issuance of BASEL-III compliant Tier - II Bonds - Rs. 2400 Crore - Ratings

With reference to earlier announcement dated November 19, 2015 and December 22, 2015 informing the Ratings received from M/s India Ratings & Research Private Limited (a Fitch Group Company) for the proposed issue of the said Bonds as "IND AAA"; Outlook Stable, Canara Bank has now informed BSE that the Bank has also received ratings of '[ICRA] AAA (hyb)' (pronounced ICRA Triple A Hybrid) with Stable Outlook from M/s ICRA Limited for the proposed issue of the said Bonds.
22-12-2015
Bigul

Canara Bank to raise Rs 2,400 cr via bonds

The fund raised is intended to support the asset growth during 2015-16 & also to maintain healthy level of CRAR.
22-12-2015
Bigul

Issuance of BASEL-III compliant Tier - II Bonds - Rs. 2400 Crore - Ratings

With reference to the earlier letter dated November 19, 2015, Canara Bank has now informed BSE that the Board of the Bank has permitted the Bank to raise additional capital of Rs. 2400 Crore through issue of BASEL-III compliant Tier II Bonds by way of Private Placement at a Coupon Rate as decided by the Bond Committee of the Bank to support the asset growth during 2015-16 & also to maintain healthy level of CRAR....
22-12-2015
Bigul

Change in Directorate

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, hereby nominate Shri Pankaj Jain, Joint Secretary, Department of Financial Services, Government of India,...
15-12-2015
Bigul

Chennai Floods Impact - Update-cum-Business Continuity Plan

Canara Bank has informed BSE that in view of the heavy flood situation in Chennai / Kancheepuram and certain areas of Tamilnadu State :- 14 branches of the Bank could not function;- Currency Chest Cash Movement has been stopped;- 270 ATMs have been affected;The Bank has taken the following steps :- Mobile ATM sent from Bangalore and has started functioning. The same is being utilized in worst affected areas in Chennai;...
05-12-2015
Bigul

Strike by All India Bank Officers' Confederation (AIBOC)

Canara Bank has informed BSE that the Bank has been informed that the All India Bank Officers' Confederation (AIBOC) has given a call for strike on December 11, 2015.The above is a strike call given by All India Bank Officers' Confederation (AIBOC) is at Industry Level and not for Bank level issues. In our Bank, only one Association i.e., Canara Bank Officers' Association is affiliated to AIBOC.
01-12-2015
Bigul

9 stocks in focus today: Canara Bank, Vedanta and more

Canara Bank stocks will be in focus as the company on Thursday said it will raise an additional capital of Rs 2,400 crore by issuing bonds on private placement basis to support its asset growth.
20-11-2015
Bigul

Outcome of Board Meeting

Canara Bank has informed BSE that the Board of the Bank, during the course of their meeting on November 19, 2015, has discussed the issues as mentioned in the letter dated November 17, 2015 and permitted Bank to raise additional capital of Rs. 2400 Crore through issue of BASEL-III compliant Tier II Bonds by way of Private Placement at a Coupon Rate as decided by the Bond Committee of the Bank to support the asset growth during 2015-16 & also to maintain healthy level of CRAR.
19-11-2015

Canara Bank goes the e-auction way

Many banks are choosing this method in an attempt to reduce their bad loans in the real estate sector
18-11-2015
Bigul

Board Meeting on Nov 19, 2015

Canara Bank has informed BSE that the Capital Planning Committee (of Executives of the Bank) had discussed, during the course of their meetings held on July 28, 2015 & September 24, 2015, the Capital Requirements of the Bank for the current financial year keeping in view the following :- Infusion of Capital Funds by the Government of India - Rs. 947 Crore;...
17-11-2015
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