Canara Bank is a Public Sector Bank in India with 5,682 branches, 8,533 ATM's across the country.
Canara Bank's registered office is located at 112, J.C.Road, Bangalore-560002
For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 9,664 crs. and Standalone net profit of Rs. 2,703 crs. Canara Bank reported total deposits of Rs. 473,840 crs and total advances of Rs. 330,036 crs.
Canara Bank's management is led by its CEO Mr.Rakesh Sharma.
Highest fixed deposit interest offered by Canara Bank is 7.40% per annum on deposits.
Its current Base Rate is 9.65%, which was last revised on 07th Oct 15.
08th Dec 16 Canara Bank cuts MCLR by 15 basis points
Canara Bank has reduced its overnight and three months marginal cost of lending rate to 8.90 and 9.05 percent from 9.05 and 9.20 percent earlier. The bank has also reduced its six months and one year lending rates by 15 basis points to 9.10 and 9.15 percent from 9.25 and 9.30 percent respectively. Revised rates are effective from 7th December, 2016.
26th Jul 16 Canara Bank Q1 profit tanks 52% to Rs 229 cr
As per the results of Q1FY17, Canara Bank reported a decline of 52.2 percent in its Net Profit to Rs 229 Crore. Net Interest Income of the bank declined by 8.3 percent to Rs 2,307.4 Crore in the quarter ended June 2016 from Rs 2,516.5 Crore in year-ago period due to weak loan growth. Advances declined by 0.9 percent to Rs 3.21 lakh Crore while deposits declined by 1.4 percent to Rs 4.65 lakh Crore when compared on yoy basis . Other income (non-interest income) increased by 42.4 percent to Rs 1,584.65 crore while operating profit fell 9.2 percent to Rs 1,819 Crore when compared on yearly basis. Provisions for bad loans increased sharply by 76.4 percent sequentially to Rs 1,492.92 crore but increased 9.8 percent on yearly basis. Asset quality showed sign of weaking as Gross NPA increased 31 basis points sequentially to 9.71 percent and Net NPA increased by 27 basis points to 6.69 percent in June quarter.
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