Canara HSBC LI unfolds “Bade Promises”

Mumbai, Apr 03: Canara HSBC Life Insurance launched a 360° marketing campaign – “Bade Promises Ka Partner” and has culminated the multi level campaign with engagement of over 20 million people across digital platforms. The differentiated messaging of the campaign was conceptualized to help evolve the consumer mindset post the pandemic, wherein people had stopped focusing on fundamental objectives and longer financial commitments of life, trading them for short-term but instant gratification.The campaign aimed at bridging the gap between living in the moment and long-term financial planning by drawing a clear spectrum that the customers need to plan their long term finances judiciously….
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Source: https://www.bizzbuzz.news/markets/canara-hsbc-li-unfolds-bade-promises-1304235

canara bank stock split: Canara Bank board approves 1:5 stock split. Details here

Canara Bank’s Board of Directors on Monday approved the sub-division of its equity shares of Rs 10 into five shares with a face value of Rs 2 each. The move is aimed at improving liquidity in the bank’s shares and making it more affordable for retail investors along with broadening the retail investors’ base. The stock split of its fully paid-up equity shares will be subject to approval for the Reserve Bank of India (RBI).The announcement was made after market hours and the stock today ended at Rs 571.90 on the NSE, down 1%.The state-run bank expects to complete the stock split within 2-3 months from intimation of date of Board meeting on February 7, 2024 to the stock exchanges.The…
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Source: https://economictimes.indiatimes.com/markets/stocks/news/canara-bank-board-approves-15-stock-split-details-here/articleshow/108014443.cms?from=mdr

Experience Growth and Financial Security with Canara HSBC Life Insurance’s Promise4Growth – Odisha Diary, Latest Odisha News, Breaking News Odisha








Experience Growth and Financial Security with Canara HSBC Life Insurance’s Promise4Growth – Odisha Diary, Latest Odisha News, Breaking News Odisha





HomeBusinessExperience Growth and Financial Security with Canara HSBC Life Insurance’s Promise4Growth




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Source: https://orissadiary.com/experience-growth-and-financial-security-with-canara-hsbc-life-insurances-promise4growth/

ED Files Charge sheet Against Naresh Goyal

The investigation revealed that the accused has created various Trusts abroad and through those trusts he purchased various immovable properties
Canara Bank’s Rs.538 cr fraud case: ED files charges against Naresh Goyal after 2 months of arrest
The Enforcement Directorate (ED) has submitted its charge sheet in the Canara Bank’s Rs.538 crore fraud case naming Jet Airways founder Naresh Goyal, his wife Anita Goyal, and four other companies, officials said.

The charge sheet, filed before a Special Court, came two months after Goyal’s arrest on September 1 in the Canara Bank complaint of November 2022 alleging that loans given to the airline were allegedly…
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Source: https://www.pgurus.com/canara-bank-fraud-case-ed-files-charge-sheet-against-jet-airways-founder-naresh-goyal-wife-and-4-other-companies/

Canara Bank and SINE to empower Start-ups nationwide

New Delhi: Canara Bank and SINE (Society for Innovation & Entrepreneurship), IIT Bombay have joined hands to empower Start-ups nationwide! Under the Canara Start-Up Scheme, financial assistance at attractive ROI will be provided for establishment, promotion, and modernization. SINE, a tech incubator, will offer end-to-end support for startups, ensuring their success. 
 

Read Also : IMGC and Bank of India Partner to Offer Mortgage Guarantee-Backed Home Loans
The Signing Ceremony program was graced by the presence of Canara Bank’s Executive Director Sri Ashok Chandra and executives from Canara Bank, SINE and IIT Bombay.

Read Also : UCO Bank Board Announces Change in Senior…
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Source: https://www.psuconnect.in/news/canara-bank-and-sine-to-empower-start-ups-nationwide/42097/

3 days on, no trace of missing Canara Bank branch manager in Odisha

Even as three days have passed since Tapan Kumar Sahu, Badamba branch manager of Canara Bank, went missing, the police are yet to trace his whereabouts. Tapan remains untraceable even as cops claim to be investigating the case. The incident has triggered outrage among his family members, who accused the cops of showing a lackadaisical attitude. “There is no information about his whereabouts even after three days have passed. When we contact the police, their only excuse is that they are trying to find him. But, there is no result. They are only asking for more time,” complained an angry Alisha Pradhan, wife of the missing…
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Source: https://odishatv.in/news/odisha/3-days-on-no-trace-of-missing-canara-bank-branch-manager-in-odisha-215987

Fitch affirms ratings of SBI and Canara Bank at ‘BBB-‘

Fitch Ratings on Tuesday affirmed the long-term Issuer Default Rating (IDR) of both State Bank of India (SBI) and Canara Bank at ‘BBB-‘ and said the outlook looks stable.Fitch has also affirmed SBI’s Viability Rating (VR) at ‘BB’ and Government Support Rating (GSR) of ‘BBB’-. The PSU bank stock was trading 1% lower at Rs 749.”SBI’s IDR and GSR are at the same level as India’s sovereign rating (BBB-/Stable), reflecting Fitch’s view that SBI has the highest probability of extraordinary state support among Indian banks if required. This takes into consideration SBI’s market position as the largest Indian bank, the state’s 56.9% controlling ownership, and its broader policy role than peers,”…
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Source: https://m.economictimes.com/markets/stocks/news/fitch-affirms-ratings-of-sbi-and-canara-bank-at-bbb-/amp_articleshow/109341066.cms

Rekha Jhunjhunwala pares stake in 5 stocks; Canara Bank amongst them ,Stocks News, Business News

The veteran investor Rekha Jhunjhunwala-the wife of Late Rakesh Jhunjhunwala pared stake in five of the stocks in the March ended quarter shows shareholding pattern of the latest quarter ending March 2024.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGJhunjhunwala during Q4 offloaded stake in Canara Bank, NCC, Tata Communications, Raghav Productivity Enhancers and Crisil.
As per the latest shareholding pattern filed for the Q4 period with the exchanges, shareholding in the state-run Canara Bank of the investors has reduced from 2.1 per cent in the December quarter to 1.5 per cent in the March ended quarter.
Canara Bank in the last one year has gained by 101 per cent.
Also, in the…
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Source: https://www.zeebiz.com/markets/stocks/news-rekha-jhunjhunwala-pares-stake-in-5-stocks-canara-bank-amongst-them-284504/amp

Canara Bank’s (NSE:CANBK) market cap dropped ₹35b last week; State or government bore the brunt

Key Insights To get a sense of who is truly in control of Canara Bank (NSE:CANBK), it is important to understand the ownership structure of the business. We can see that state or government own the lion’s share in the company with 63% ownership. Put another way, the group faces the maximum upside potential (or downside risk). And following last week’s 3.2% decline in share price, state or government suffered the most losses. Let’s take a closer look to see what the different types of shareholders can tell us about Canara Bank. View our latest analysis for Canara Bank NSEI:CANBK Ownership Breakdown April 16th 2024 What Does The Institutional Ownership Tell Us About Canara Bank?…
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Source: https://simplywall.st/stocks/in/banks/nse-canbk/canara-bank-shares/news/canara-banks-nsecanbk-market-cap-dropped-35b-last-week-state/amp