Canara bank had registered a net loss of
Rs 551.53 crore
during the corresponding Jan-Mar 2019 quarter. … For the full year 2019-20, there was a loss of Rs 2,235.72 crore during 2019-20. The public sector bank had posted a net profit of Rs 347.02 crore in 2018-19.
Is Canara Bank Safe?
Yes,
Canara Bank is safe for fixed deposits
. The principal and interest amount of fixed deposits are insured for up to Rs. 1 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC) as mandated by the Reserve Bank of India.
Is Canara Bank Profitable?
Public sector lender Canara Bank on Tuesday reported
net profit of Rs 1,177 crore for the June quarter
, a 190 per cent rise over Rs 406 crore last year, helped by higher non-interest income and a fall in provisions for bad loans. The Bengaluru-based lender’s stock ended 1.47 per cent higher on the BSE at Rs 148.8.
Is Canara Bank better than SBI?
Some of the key results of the comparison between the two banks are: Lowest Interest rate of SBI Loan is 9.60%, which is lower than the lowest interest rate of Canara Bank at 12.40%. … Therefore,
SBI can be a better option
if you are looking for a high value amount.
How is Canara Bank performance?
Canara Bank, backed by growth in CASA, small deposits, retail and housing advances, has posted a
profit of ₹ 1,065.09 crore
for fourth-quarter (Q4) of 2020-21 on consolidated basis as against a loss of ₹3,208.31 crore posted in the same period last year.
What is the net worth of Canara Bank?
| Characteristic Value in trillion Indian rupees | FY 2019 6.95 |
|---|
Why Canara Bank is best?
Canara Bank is among the few public sector banks that has much better control over non performing assets. The net non performing assets of the bank came in much better than most other public sector banks at 2.74 per cent for the quarter ending June 30, 2015.
Is Canara Bank a government bank?
The Bank is
a Government of India undertaking
, and carries on all banking business. The Bank was brought into existence by an ordinance passed on the 19th July 1969 by the Central Government. In terms of the ordinance the undertaking of the Canara Bank Ltd was vested to and transferred to the new bank.
Which govt bank is best?
| List of PSU Banks Number of Branches | State Bank of India (SBI) 24000 | Punjab National Bank (With Merger of Oriental Bank of Commerce and United Bank of India) 11437 | Bank of Baroda (With Merger of Dena Bank & Vijaya Bank) 8581 | Canara Bank (With Merger of Syndicate Bank) 10391 |
|---|
Will Canara Bank be Privatised?
This leaves out five large PSBs – Bank of Baroda, Punjab National Bank, Canara Bank, United Bank of India and Indian Bank along with other PSBs that merged with them under the consolidation exercise. Also, State Bank of India
is not being privatised
.
Does Canara Bank give dividend?
| Announcement Date | 11-05-2017 | Ex-Date | 12-07-2017 | Dividend (%) | 10 | Dividend (Rs) | 1.00 | Remarks | Rs.1.0000 per share(10%)Dividend |
|---|
How many banks merged in Canara Bank?
Notably,
Syndicate Bank
was merged into Canara Bank on April 2020. The merger came into effect almost a year after Finance Minister Nirmala Sitharaman announced the Centre’s plan to amalgamate 10 public lenders into four mega banks to strengthen their market position.
What is the salary of Canara Bank PO?
| Basic Salary Rs. 15080– Rs. 24500 | Dearness Allowance Rs. 8732– Rs. 10800 | House Rent Allowance Rs. 8025– Rs. 9025 | Medical Aid Rs. 7203 – Rs. 8320 | Newspaper Rs. 275 – Rs. 300 |
|---|
Who is the CEO of Canara Bank?
Shri L V Prabhakar
is currently serving as the Managing Director & Chief Executive Officer of Canara Bank. He has over 34 years of rich experience in banking, spread across a spectrum of domains. He is the Chairman of Canara Robeco Asset Management Co. Ltd, Canara HSBC OBC Insurance Company Ltd & Canfin Homes Ltd.
Who is the owner of Canara Bank?
The Bank is
a Government of India undertaking
, and carries on all banking business. The Bank was brought into existence by an ordinance passed on the 19th July 1969 by the Central Government. In terms of the ordinance the undertaking of the Canara Bank Ltd was vested to and transferred to the new bank.
Which is better Canara Bank or HDFC?
Canara Bank
has an average customer ratings of 5, while HDFC has an average customer rating of 4.5, based on which it is clear that Canara Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.
