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Canara Bank

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Banking, Fintech & Insurance 15 Nov 2026, 02:00 PM IST

Lenders Accept Supreme Housing’s Rs 522-Crore Settlement Offer

Canara Bank and other lenders have accepted a Rs 522-crore one-time settlement from Supreme Housing and Hospitality, paving the way for the company to close debts of nearly Rs 700 crore. The deal is expected to deliver about 75% recovery to the lending consortium and covers both fund-based and non-fund exposures tied to corporate guarantees issued to subsidiary entities.

By RDU Global Wire6 min read

Banking, Fintech & Insurance10 Nov 2026, 05:00 PM IST

Canara Bank, Other Lenders Accept Supreme Housing’s Rs 522-Crore Settlement

Canara Bank and other lenders have accepted a Rs 522-crore one-time settlement from Supreme Housing and Hospitality, a move that could close nearly Rs 700 crore in outstanding debt. The agreement implies a recovery of about 75% for the banking consortium and covers both fund-based and non-fund exposures linked to corporate guarantees issued for subsidiary entities.

4 min readRead →

Banking, Fintech & Insurance25 Oct 2026, 02:00 PM IST

Banks Brace for Fee Income Squeeze as Insurance Payout Curbs Loom

Indian banks are preparing for a hit to fee income as proposed insurance distribution rules threaten to curb bancassurance payouts, a lucrative source of non-interest revenue. Central Bank of India expects a 33% decline in bancassurance fees, while Canara Bank sees a ₹145-crore impact and larger lenders are still assessing the damage.

5 min readRead →

Banking, Fintech & Insurance22 Oct 2026, 08:00 PM IST

Banks Brace for Fee Pressure as Insurance Payout Curbs Loom

Indian banks are preparing for a meaningful hit to fee income as proposed insurance regulations threaten to reduce bancassurance commissions and related payouts. Central Bank of India expects a 33% decline in bancassurance fees, Canara Bank sees a ₹145-crore impact, while Axis Bank is leaning on higher volumes and alternate revenue streams to soften the blow.

5 min readRead →

Banking, Fintech & Insurance21 Oct 2026, 02:00 PM IST

Banks Brace for Fee Pressure as Insurance Payout Curbs Loom

Indian banks are preparing for a hit to fee income as proposed insurance distribution rules threaten bancassurance revenues, a business line that has become increasingly important to non-interest earnings. Central Bank of India expects a 33% decline in bancassurance fees, while Canara Bank sees a ₹145-crore impact and Axis Bank is looking to offset the pressure through higher volumes and alternate income streams.

5 min readRead →

Banking, Fintech & Insurance20 Oct 2026, 08:01 PM IST

Corporate Loan Demand Holds Firm as Rising Yields Push Borrowers Toward Banks

Canara Bank and Indian Bank said they are seeing steady corporate credit demand even as hardening bond yields make market borrowing less attractive. Together, the two state-run lenders have a corporate loan pipeline of ₹1.10 lakh crore, underscoring resilient appetite for bank funding despite a tighter rate environment.

5 min readRead →

Banking, Fintech & Insurance16 Oct 2026, 01:57 AM IST

Corporate Loan Demand Holds Firm as Rising Yields Push Borrowers Toward Banks

Demand for bank credit is strengthening as higher bond yields make market borrowing less attractive for corporate India, with Canara Bank and Indian Bank together reporting a ₹1.10 lakh crore corporate loan pipeline. Both lenders said credit growth remains healthy, even as they flagged the need to accelerate deposit mobilisation to keep pace with lending expansion and narrow the credit-deposit gap.

5 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 01:17 PM IST

Canara Bank Shares Sink Over 6% After Q2 Profit Beat as Brokerages Split on the Stock

Canara Bank shares fell more than 6% on Thursday even after the state-run lender reported an 8% year-on-year rise in standalone net profit for the second quarter of FY27 to Rs 5,175 crore. The stock’s decline reflects investor concern that the earnings print may not have been strong enough to justify the recent valuation, even as brokerages remain sharply divided on the outlook. Morgan Stanley kept an Underweight stance, while Motilal Oswal and JM Financial reiterated Buy calls, leaving investors to weigh improving profitability against lingering questions on margins, asset quality and the sustainability of earnings momentum.

5 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 05:45 AM IST

Canara Bank Q2 Profit Rises 8.4% to Rs 5,175 Crore on Stronger Interest Income

Canara Bank reported an 8.4% year-on-year rise in second-quarter net profit to Rs 5,175 crore, helped by robust growth in net interest income and easing provisions. The state-run lender also posted faster loan growth than deposit growth, underscoring both business momentum and a funding challenge that will be closely watched in coming quarters.

5 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 04:43 AM IST

Indian Banks’ Credit Growth Outruns Deposits in Q2, Tightening Funding Pressure

Indian banks reported a second quarter in which loan growth outpaced deposit accumulation across much of the sector, underscoring a persistent funding imbalance in the financial system. Canara Bank and Indian Bank were among the lenders posting notably stronger credit expansion than deposit growth, while South Indian Bank stood out as an exception to the broader trend.

5 min readRead →

Banking, Fintech & Insurance14 Oct 2026, 11:39 PM IST

Canara Bank Q2 Profit Rises 8.4% to Rs 5,175 Crore on Stronger Interest Income

Canara Bank reported an 8.4% year-on-year rise in second-quarter net profit to Rs 5,175 crore, aided by robust growth in net interest income and lower provisions. The state-owned lender also posted faster loan growth than deposit expansion, underscoring continued credit demand even as the banking system competes for stable funding.

5 min readRead →

Banking, Fintech & Insurance07 Oct 2026, 02:48 PM IST

PNB, Kotak Mahindra Bank Lead Gains as RBI Rate Hike Lifts Bank Stocks

Indian bank shares rose as much as 2% on Monday after the Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, with the Nifty Bank index moving above 55,500. Investors appeared to read the move as a calibrated tightening step that could support lending margins even as it signals a more cautious monetary stance.

6 min readRead →

Banking, Fintech & Insurance05 Oct 2026, 02:43 PM IST

SBI, Bank of Baroda and Canara Bank Urge Customers to Finish Branch Work Before Proposed September Strike

State Bank of India, Bank of Baroda and Canara Bank have advised customers to complete urgent branch-based transactions in advance of a proposed bank strike scheduled from September 28 to 30, 2026. The lenders said digital and self-service channels should be used during the period, signalling possible disruption to counter services if the industrial action goes ahead.

4 min readRead →

Banking, Fintech & Insurance05 Oct 2026, 05:26 AM IST

SBI, Bank of Baroda and Canara Bank Urge Customers to Finish Branch Work Ahead of Proposed September Strike

State Bank of India, Bank of Baroda and Canara Bank have advised customers to complete urgent branch-based transactions in advance of a proposed bank strike scheduled from September 28 to 30, 2026. The lenders said digital and self-service channels should be used during the period, as the industry braces for possible disruption to in-branch services.

5 min readRead →

Banking, Fintech & Insurance04 Oct 2026, 09:38 PM IST

SBI, Bank of Baroda and Canara Bank Urge Customers to Finish Branch Work Before Proposed September 28–30 Strike

State Bank of India, Bank of Baroda and Canara Bank have advised customers to complete urgent branch-based transactions in advance of a proposed bank strike scheduled for September 28 to 30, 2026. The lenders said digital banking, ATMs and self-service channels should be used during the period, as the industry braces for possible disruption to routine branch operations.

5 min readRead →

Banking, Fintech & Insurance03 Oct 2026, 09:11 PM IST

SBI, Bank of Baroda and Canara Bank Urge Customers to Finish Branch Work Ahead of Proposed September 28–30 Strike

India’s largest state-run lenders have advised customers to complete urgent branch transactions in advance of a proposed bank strike scheduled for September 28 to 30, 2026. State Bank of India, Bank of Baroda and Canara Bank said digital and self-service channels should be used during the period, signalling possible disruption to in-branch services if the industrial action goes ahead.

5 min readRead →

Banking, Fintech & InsuranceJust now (06:22 PM IST)

Indian Banks See Credit Growth Outpace Deposits in Second Quarter

Indian banks reported a widening gap between loan growth and deposit accretion in the second quarter, underscoring persistent competition for retail and bulk deposits even as credit demand remained firm. Canara Bank and Indian Bank were among the lenders where advances rose materially faster than deposits, while South Indian Bank stood out as an exception to the broader trend.

4 min readRead →

Banking, Fintech & InsuranceJust now (12:40 PM IST)

SBI, Bank of Baroda and Canara Bank Urge Customers to Finish Branch Work Ahead of Proposed September 28–30 Strike

State Bank of India, Bank of Baroda and Canara Bank have advised customers to complete urgent branch-based transactions in advance as banks prepare for a proposed strike from September 28 to 30, 2026. The lenders said digital and self-service channels should be used during the period to reduce disruption, signalling that the industry is bracing for possible service delays even as authorities and unions continue to weigh the impact.

5 min readRead →

Banking, Fintech & InsuranceJust now (12:31 AM IST)

Retail Traders Plan ‘No UPI Day’ Protest on October 2 Over Proposed MDR

Indian mobile and FMCG retailers are preparing a nationwide protest on October 2 against the proposed introduction of merchant discount rate charges on UPI transactions, a move they say could raise costs and hurt small businesses. The mobilisation, being framed as a “No UPI Day,” reflects growing anxiety among traders that a fee on India’s most widely used digital payment rail could slow adoption and squeeze already thin retail margins.

5 min readRead →

Macro Economy & Fiscal PolicyJust now (01:48 PM IST)

More Heavy Rain Could Pull India’s Monsoon Closer to Normal in September

India’s monsoon deficit narrowed in August as rainfall for the month came in 5% below normal, improving the seasonal shortfall to 12%, according to the latest weather trend. With September still ahead, additional heavy rain could yet bring the season closer to normal, easing pressure on agriculture, reservoirs and rural demand. The outlook remains contingent on the distribution and intensity of rainfall over the coming weeks, rather than on a simple month-end tally.

5 min readRead →

Global Markets & EquitiesJust now (05:45 AM IST)

Bond Rally May Pause, But India’s Bull Market Is Not Over: Expert

India’s government bond market may be due for a temporary breather after a sharp rally, but the broader downtrend in yields remains intact, according to market experts. The benchmark 10-year government security, which spent much of 2015 and early 2016 trapped in the 7.5%-8% range, could extend its decline below 7% as the Reserve Bank of India works to ease the banking system’s liquidity deficit.

5 min readRead →

Macro Economy & Fiscal PolicyJust now (03:11 AM IST)

Godrej Properties Enters JV for Rs 6,000 Crore Luxury Project in Mumbai’s Marine Lines

Godrej Properties Ltd has entered into a joint development arrangement for a premium residential project on a 2.5-acre land parcel in Marine Lines, one of South Mumbai’s most valuable micro-markets. The company said the project is expected to generate about Rs 6,000 crore in revenue, underscoring continued demand for high-end housing in tightly supplied urban cores.

5 min readRead →

Healthcare, Pharma & Life SciencesJust now (02:51 AM IST)

India’s Tourism Sector Now Contributes 5.22% to GDP, Supports 8.46 Crore Jobs: Government

India’s tourism industry has emerged as a major economic engine, contributing 5.22% to gross domestic product and supporting 8.46 crore jobs, according to government data. Foreign exchange earnings from tourism surged to ₹2,76,831 crore in 2025 from ₹63,978 crore in 2021, underscoring a sharp post-pandemic recovery and renewed global demand.

5 min readRead →

Banking, Fintech & InsuranceJust now (07:59 PM IST)

SBI, Bank of Baroda and Canara Bank Urge Customers to Finish Branch Work Ahead of Proposed September Strike

State Bank of India, Bank of Baroda and Canara Bank have advised customers to complete time-sensitive branch transactions in advance as banks prepare for a proposed strike scheduled from September 28 to 30, 2026. The lenders said digital and self-service channels should be used during the period, signalling a precautionary push to reduce disruption if the industrial action goes ahead.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Canara Bank:

New Delhi(19)India(16)Indian Bank(9)South Indian Bank(7)State Bank of India(6)Bank of Baroda(6)