The new MCLR of the bank is effective from today. The counter opened gap-up with a gain of 2.42 per cent at Rs 100.01 on the BSE against the previous close ... loans, like auto and personal loans ...

In a move to boost financial literacy in the country among retail borrowers, several leading banks, Non Banking Financial Companies (NBFCs) along with other financial institutions are now moving ...

and on the pricing of the loan. “It is not that we are lending only for the sake of a top line. We have stopped that kind of lending." Canara Bank’s NBFC book stood at ₹1.4 trillion as on 31 ...

Canara Bank announced that it has waived the average monthly balance (AMB) requirement for all types of savings bank accounts ...

The bank aims for 10-11% loan growth in FY26 and further NPA reduction. Canara Bank posted a robust 28% year-on-year jump in its consolidated net profit to Rs 5,070 crore for the March quarter ...

State-owned Canara Bank has announced slashing the marginal cost of funds-based lending rate (MCLR) by 10 basis points (0.10 percentage points) across most tenors, making loans linked to the ...

State-owned Canara Bank reported a net profit of ₹5,004 ... and retail credit grew by 42.80 per cent with housing loan growth at 13.57 per cent and vehicle loan at 19.63 per cent.

Punjab National Bank (PNB) and Canara Bank, two major state-owned lenders, have updated their fixed deposit (FD) interest ...

Canara Bank posted a 33.19% year-on-year (YoY) increase in net profit to ₹5,004 crore for the March quarter of FY25, up from ₹3,757.23 crore a year ago. The Q4 saw the bank’s total interest ...

In financial year 2024-25, the average yield on corporate loans was 8.21 percent, which Raju expects to come down to 8.06-8.11 percent in the coming quarters. On May 9, Canara Bank reduced MCLR ...

A decrease in the MCLR can lead to potential decreases in EMIs or a shorter loan term, ultimately benefiting borrowers in the long run. Canara Bank has made strategic cuts to its Marginal Cost of ...

Canara Bank displayed an improvement in its asset quality, measured as sequential reduction in the proportion of bad loans in total loans. Its gross and net non-performing assets (NPAs) stood at 2.94 ...