2017-08-07 :Canara Bank taps bond market with 400 mn dollar issue
As a part of its 2 billion dollar medium term note programme, Public sector lender, Canara Bank has stepped into the international bond market with a issue of 400 million dollar. The lender is likely to raise Rs. 2,600 crore through the sale of the bond issue, which will be drawn through its London branch and will be listed on the Singapore Stock Exchange. The foreign rating agency, Moody has assigned a Baa3 rating to this bond issue.
2017-07-29 :Canara Bank launches its first digital branch in Bengaluru
Canara Bank has announced the launch of its first ‘Digital Banking Branch’ at Spencer towers in MG Road, Bengaluru. The launched branch is titled as “CANDI” which intends to provide an end-to-end digital experience to its customers. Meanwhile, the bank has also installed an interactive touchscreen-based ‘Touch Banking’ to provide information about banking products including personal loan, home loan, education loan and gold loan.
2017-07-21 :Canara Bank reports net profit at Rs. 251 crore
Canara Bank has reported a significant growth in its net profit at Rs. 251 crore during the first quarter of FY18 as against Rs. 229 crore during the corresponding quarter of the previous fiscal year. As per the available data, the bank’s total income rose to Rs. 12,304 crore from Rs. 11,786 crore during the corresponding quarter of the previous fiscal year. Banks has managed to increase its profits on the back of strong growth in advances, better NPA management and reduction in proportion of high cost deposits.
2017-07-15 :Canara Bank witnesses surge in adoption of digital payment channels by customers
Public sector lender, Canara Bank has witnessed a significant growth in the adoption of the digital payment channels by its customers. The bank has reported a huge growth in its e-transactions, online banking transactions as well as Unified Payment Interface (UPI) registrations. With this encouraging adoption of digital channels by the customers, the bank is now planning to launch a fully digital branch along with the enhance offerings to provide more convenience to its customers.
2017-06-30 :Canara Bank introduces humanoid robot Mitra to help its customers
Canara Bank has announced the launch of a humanoid robot, Mitra for its customers which provide the basic information including account details, lending rates, updating passbooks, loans, and interest rates. The newly launched robot listens to the customer queries and offers guidance depending upon the question asked by the customers who are visiting to the bank for the first time.
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