Tag Archives: Canara Bank

Canara Bank to sell non-core assets

Reported by | Updated: November 22, 2017

Canara Bank is proposing to sell stake in its asset management and housing finance units. The board of the bank has formally approved the proposal, which envisages selling the stakes either fully or partially. The bank wants to better its resources and improve the capital base. The bank’s board has also approved divestment of stake […]

Canara Bank has 2 robots to attend to customers

Reported by | Updated: September 25, 2017

Canara Bank has introduced robots for customer care at two of its offices in Bengaluru. Doing services are Mitra, a humanoid developed by a Bengaluru-based company Invento Robotics, and Candi, which is introduced in collaboration with Japan’s SoftBank Robotics. While Mitra greets customers at the bank’s head office in the city in Kannada and helps […]

Canara Bank to sell stake in factoring unit

Reported by | Updated: September 15, 2017

Canara Bank is proposing to sell its entire 70% stake in its subsidiary Canbank Factors. The bank may get around Rs 90 crore for the stake. Apart from Canara Bank, Andhra Bank holds 10% stake in the factoring company. The other shareholder is Sidbi. Canbank Factors reported a total business turnover of Rs2,498 crore in […]

Canara Bank introduces 2 new digital products

Reported by | Updated: August 14, 2017

Canara Bank introduced two digital products – ‘Bharat QR’, a platform for payment settlement at merchant locations, and Bharat Bill Payment System, the integrated bill payment system for internet banking customers. Rakesh Sharma, MD and CEO of the bank, said the bank is always poised for a digital revolution and has begun to offer scores […]

Canara Bank opens CANDI

Reported by | Updated: August 1, 2017

Canara Bank launched its first digital banking branch, called CANDI. in Begaluru. The branch is expected to provide an end-to-end digital experience to customers. As part of the run-up to its digital foray, the bank has introduced several customer-friendly mobile apps which help customers get most of the information related to their accounts from the […]

Canara Bank to sell stake in CARE

Reported by | Updated: June 22, 2017

Canara Bank is selling around 9% stake in holds in the credit ratings firm CARE. The sale may bring Rs 393 crore to the bank. The bank said in its offer notification that is proposing to sell 26,22,430 equity share of Credit Analysis and Research comprising of 8.90% of the total paid up equity share […]

Canara Bank upgrading bandwidth at branches

Reported by | Updated: April 10, 2017

Canara Bank upgrading the bandwidth at all its branches to 2 Mbps. The bank has tied up with BSNL for this purpose. Dina Bandhu Mohapatra, ED, Canara Bank, inaugurated the project recently. Top executives of the bank, including P.V. Bharathi, ED, Canara Bank, and BSNL were present on the occasion. Mohapatra said the bandwidth upgradation […]

Canara Bank to cut stake in CanFin Homes

Reported by | Updated: February 15, 2017

Canara Bank is divesting up to 13.45% of its stake in the bank-promoted housing finance firm CanFin Homes. The divestment may happen in March 2017. CanFin Homes said in a stock exchange filing that the promoter would dilute its stake to 30% by 31 March 2017. Canara Bank has 44.1% stake in CanFin Homes. The […]

Canara Bank launches Canara Vahini

Reported by | Updated: November 21, 2016

Canara Bank has launched Canara Vahini Van, a mobile ATM service on the occasion of its 111th founder’s day. The bank’s chairman T.N. Manoharan dedicated the service to the citizens of Bengaluru/ He said this cash on wheels facility would dispense petty cash up to Rs 2000. He added that 111 similar POS machines are […]

Vijaya Bank adopts 57 poor girls

Reported by | Updated: October 7, 2016

Vijaya Bank has adopted 57 girls from poor families under the bank’s corporate social responsibility scheme (CSR). The bank will bear their educational expenses till they completed their education. These children will get Rs 5,000 a year from Class 1 to pre-university class, Rs 10,000 a year till they completed graduation, and Rs 20,000 a […]