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The Latest Breaking News from Canara Bank

FCNR deposit rates up to 6.5%: Bank of Baroda, Indian Overseas Bank and others launch schemes for NRIs, OCIs

Following RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have launched FCNR(B) schemes with attractive US dollar deposit rates. These schemes, effective from June 2026, offer interest rates up to 6.50% p.a. for tenures of 3 to 5 years,…

The Economic Times

Highest 555-day FD interest rates: Banks are offering up to 7.25% interest rate on special fixed deposit

FD interest rates: Special fixed deposits with a 555-day tenure are drawing investor attention. Banks like City Union Bank and Karnataka Bank are offering competitive interest rates. Bank of Baroda has also introduced a new 555-day deposit scheme with attractive rates for all customer categories. Investors can explore these options…

The Economic Times

Senior citizens FD interest rates up to 8.3%: SBI, HDFC Bank, PNB, ICICI Bank, Axis Bank and more

Highest FD interest rate: Senior citizens seeking lucrative returns on their savings can now explore attractive fixed deposit options. Small finance banks like Unity SFB and Shivalik SFB are leading the pack, offering an impressive 8.3% interest rate on FDs for this demographic. This presents a significant opportunity for retirees…

The Economic Times

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Eight public sector banks add 13,223 employees in FY26; SBI leads hiring spree

Eight public sector banks, including SBI, collectively added 13,223 employees in FY26, boosting their total workforce to over 6.28 lakh. State Bank of India led the hiring surge, accounting for nearly 67% of the new positions. This expansion occurs despite digitalization, indicating a continued reliance on human resources for growth…

The Economic Times

Canara Bank, Bank of Baroda increase lending rates: Why loan EMIs for these borrowers may rise

Bank of Baroda and Canara Bank have raised their lending rates. These changes are effective from June 12, 2026. Loans linked to these rates will become more expensive. This follows the Reserve Bank of India's decision to maintain the repo rate. HDFC Bank also adjusted its MCLR rates recently.

The Economic Times

Infosys, Adani Enterprises, Trent among 44 stocks going ex-date this week. Do you own any?

Investors should watch out as 44 stocks including Infosys and Adani Group companies turn ex-date this week. Corporate actions like dividends, bonus issues, and stock splits are scheduled. Shareholders must hold shares by the record date to be eligible. This corporate activity presents opportunities for investors to track.

The Economic Times

Stocks in news: Alkem Labs, Vedanta, Canara Bank, NHPC, Adani Ports

Markets closed higher on weekly expiry day despite volatility, with Nifty showing signs of recovery but facing resistance around 23,800-24,000. Key stocks like Alkem Labs, Vedanta, Canara Bank, NHPC, and Adani Ports are in focus due to significant corporate developments including block deals, ED visits, capital raising plans, oversubscribed OFS,…

The Economic Times

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10 lowest floating vs fixed home loan interest rates: PNB, ICICI Bank, Bank of Baroda and more

Home loan interest rates: Choosing a home loan involves comparing floating and fixed interest rates. Floating rates can decrease but also increase with RBI policy. Fixed rates offer stable EMIs, which can be beneficial as income grows. ET Wealth Online presents the 10 lowest fixed and floating home loan rates…

The Economic Times

Nifty Bank falls 500 points as PNB, Canara Bank, SBI, other stocks decline up to 3%. What lies ahead?

Indian bank stocks tumbled, dragging the Nifty Bank index down as a weakening rupee and rising global bond yields soured market sentiment. Several major banks saw significant declines, with analysts pointing to key technical levels. The rupee hit an all-time low against the dollar, exacerbating concerns for the financial sector.

The Economic Times

Highest 3-year FD interest rates for senior citizens: These banks offer 8% interest rate on fixed deposits

Senior citizens seeking higher returns on their retirement savings can explore 3-year Fixed Deposit options. Small finance banks like Jana and Utkarsh lead with 8% interest, while private banks such as Bandhan and YES Bank offer up to 7.75%. Public sector banks, including Bank of India and Standard Chartered, provide…

The Economic Times

Capitalmind Flexi Cap Fund exits RIL and 2 others, hikes stake in Titan Company, MCX and 16 other stocks in April

Capitalmind Flexi Cap Fund exited Reliance Industries, Bank of Baroda, and L&T Finance in April. The fund also increased stakes in Titan Company, MCX, and 16 other stocks, including NTPC and ONGC. It added MTAR Technologies, Tata Steel, and Kirloskar Oil Engines as new holdings, expanding its portfolio to 42…

The Economic Times

Court allows Jet Airways founder Naresh Goyal to travel to London for medical consultation

A Mumbai court has permitted Jet Airways founder Naresh Goyal to travel to London for four weeks. Goyal, facing money laundering charges, sought expert medical consultation for serious ailments. The court acknowledged his human right to seek treatment abroad. Despite opposition from the Enforcement Directorate citing flight risk, the judge…

The Economic Times

Canara Bank sees NIM floor at 2.5%, confident of absorbing ECL hit without fresh equity

Canara Bank anticipates a strong FY27. Margins are stable, and asset quality remains robust. The bank can manage upcoming provisioning needs without raising fresh capital. Deposit growth is expected to continue at a healthy pace. Operating profits are projected to grow substantially. Return on assets will be maintained above 1…

The Economic Times

Loan EMIs set to increase: Canara Bank raises lending rates by 5 bps on these tenures; Bank of Baroda MCLRs remain unchanged

Canara Bank has revised its lending rates. The bank increased its Marginal Cost of Funds Based Lending Rate by 5 basis points for all loan tenors. These new rates are effective from May 12, 2026. Borrowers with MCLR-linked loans may see higher EMIs. Bank of Baroda has kept its MCLR…

The Economic Times

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The Economic Times

Canara Bank shares rise over 2% after Q4 results. What are Morgan Stanley, Motilal Oswal saying?

Canara Bank shares rose after the lender reported a consolidated net profit of Rs 4,506 crore for Q4FY26, down 10% year-on-year and 13% sequentially. Despite the decline in profit, net interest income grew 4% YoY to Rs 9,808 crore.

The Economic Times

Highest 5-year FD rates at PSU vs private vs SFB banks: What Rs 1 lakh investment in each FD will give you on maturity

Investors seeking high returns on 5-year fixed deposits can explore options beyond public sector banks. DCB Bank leads private banks with a 7.25% interest rate, offering an approximate maturity of Rs 1.43 lakh on a Rs 1 lakh investment. IDFC FIRST Bank follows closely, while other private and small finance…

Newslaundry

SC wants IIT Delhi to probe physics question ambiguity, will hear NEET petitions again tomorrow

The Supreme Court on Monday asked the IIT Delhi director to constitute a three-member expert committee to give their opinion on the ambiguous physics question that led to the award of grace marks in NEET-UG 2024.

Newslaundry

In Haryana hall of shame, NTA’s different yardsticks for test and retest

There was a difference between the National Testing Agency’s yardsticks for the NEET-UG retest last month and the original test in May in Haryana’s Jhajjar.

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The Hindu

CITU to resist takeover of Steel Complex

CITU resists transfer of Steel Complex to private sector, demands SAIL handover to Kerala government, citing public interest.

The Hindu

SAIL-SCL takeover: State govt. to challenge NCLT order

State government challenges NCLT order to handover SAIL-SCL Kerala Limited, citing violation of lease agreement and lack of consultation.

The Hindu

Kerala government to appeal NCLT order to hand over steel complex to Chhattisgarh company

The Hindu

Employees suspect foul play in SCL takeover by private firm

Kozhikode steel complex employees suspect land mafia involvement in SAIL-SCL takeover, alleging government betrayal, seeking job security for workers.

The Hindu

ED attaches properties worth ₹4.81 crore in bank fraud case in Jammu and Kashmir

ED attached properties worth ₹4.81 crore in Srinagar in an alleged bank fraud case.

The Hindu

DLRC meet assesses performance of banks in Wayanad

DLRC assesses banks' performance in KALPETTAA district; ₹4,533 crore disbursed in Q2 FY 2023-24.

The Hindu

Banks in Malappuram told to enhance CD ratio

Deposit in Malappuram district increased by ₹753.27 crore in last quarter; NRI deposits, loan & CD ratio also increased. Banks urged to attend ABCD camps & inform people of aid schemes.

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