IDFC FIRST Bank, AWS, and Campus Fund_wrap up the Grand Challenge 2025, honoring the most innovative student-led startups in India.
The Grand Challenge 2025, a national platform for student entrepreneurship in India, has concluded its sixth edition with Novyte being named the Best Student Startup of 2025. Novyte, founded by students from the Institute of Chemical Technology, has developed a Gen AI-powered materials discovery platform that enables the rapid identification of...
Federal Bank Unveils ‘Fortuna Wave’, a Revitalized Brand Image – TipRanks
Federal Bank has launched a refreshed brand identity, 'Fortuna Wave', as part of its efforts to revamp its image and appeal to a wider audience. The new brand identity is expected to reflect the bank's commitment to innovation, customer-centricity, and digital transformation. The Fortuna Wave brand identity is designed to evoke a sense of...
AU Small Finance Bank Unveils Its 2024-25 Sustainability Report, Emphasizing Commitment to Banking that Benefits Both People and the Planet, Driving Inclusive Progress.
AU Small Finance Bank (AU SFB) has released its fourth Sustainability Report, highlighting the bank's commitment to transparency and accountability across four key pillars: Sustainable Finance, Operations, Communities, and Reporting. The report showcases the bank's progress in various areas, including climate action, financial inclusion, and...
IDFC FIRST Bank launches its premium Zero-Forex Diamond Reserve Credit Card
IDFC FIRST Bank has launched a new premium credit card, the Zero-Forex Diamond Reserve Credit Card, designed for customers with frequent international travel needs. The card offers a range of benefits, including zero foreign exchange markup on international transactions, reward points on travel and regular spending, and access to airport lounges...
TMB Collaborates with TechFini to Strengthen Its UPI Payment Ecosystem
Tamilnad Mercantile Bank (TMB), a trusted private sector bank in India, has partnered with TechFini, a UPI infrastructure and fintech solutions provider, to enhance its UPI acquiring and issuing capabilities. This strategic partnership aims to provide faster, secure, and highly scalable UPI infrastructure for payment aggregators, NBFCs,...
Indian Small Finance Banks Drive Employment Growth, Adding 26,736 New Jobs in FY25, According to scanx.trade
The Indian banking sector has witnessed significant job creation in the financial year 2024-2025, with Small Finance Banks (SFBs) taking the lead. According to a recent report, SFBs have created a total of 26,736 net new jobs in FY25, outpacing other banking segments. This impressive hiring spree is a testament to the growing importance of SFBs...

After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction
The Indian banking sector has seen a shift in employee counts, with public sector banks adding 13,179 employees to reach 9,70,437 in FY25, while private banks saw a 0.86% drop to 8,38,150 employees. State-run banks, which had earlier focused on consolidation and improving balance sheets, have now started to expand their headcount. The largest...
Top FD Options for Seniors: Earn Up to 8% Interest Annually with These High-Yielding Fixed Deposits – View Complete List on Goodreturns
Best Fixed Deposits for Senior Citizens: Earn Up to 8% Annual Return As a senior citizen, it's essential to invest in a secure and stable financial instrument that provides a regular income stream. Fixed Deposits (FDs) are an excellent option, offering a fixed return on investment with minimal risk. Here's a list of the best FDs for senior...
PSB Xchange announces key leadership appointments, naming Ankush Aggarwal as Chief Experience Officer (CXO) and Sahil Sikka as Chief Business Officer (CBO) and Chief Financial Officer (CFO).
PSB Xchange, a digital marketplace for financial solutions, has announced the appointment of two new leaders to its team. Ankush Aggarwal has been appointed as Chief Experience Officer, bringing over 20 years of experience in corporate banking and SME segments. He specializes in building client servicing frameworks, driving digital...
Among the prominent banks are SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra, and Bank of Baroda.
Several major Indian banks have announced changes to their fixed deposit (FD) interest rates, affecting customers who invest in these instruments. The changes vary by bank and tenure, but overall, they offer returns ranging from 5.9% to 6.95% for different terms. State Bank of India (SBI), the country's largest lender, has been offering 6.25%...
Senior citizens can earn up to 8% interest rate for a 3-year investment; check the complete list of participating banks.
For senior citizens investing for a period of three years, several banks are offering a fixed deposit (FD) rate of up to 8%. This is a significant incentive for seniors who are looking to grow their savings while minimizing risk. The banks offering these high FD rates for senior citizens include major players in the banking industry. Some of the...
Ganesh Sankaran takes the helm as Head of Wholesale Banking Group at IndusInd Bank
IndusInd Bank has appointed Ganesh Sankaran as the Head of its Wholesale Banking Group. Sankaran is a seasoned banking professional with over three decades of experience in various areas, including wholesale, retail credit, and SME. He will be responsible for developing the bank's strategy and business in key areas such as corporate banking,...

After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction
The Indian banking sector has seen a shift in employee counts, with public sector banks adding 13,179 employees to reach 9,70,437 in FY25, while private banks saw a 0.86% drop to 8,38,150 employees. State-run banks, which had earlier focused on consolidation and improving balance sheets, have now started to expand their headcount. The largest...
Top FD Options for Seniors: Earn Up to 8% Interest Annually with These High-Yielding Fixed Deposits – View Complete List on Goodreturns
Best Fixed Deposits for Senior Citizens: Earn Up to 8% Annual Return As a senior citizen, it's essential to invest in a secure and stable financial instrument that provides a regular income stream. Fixed Deposits (FDs) are an excellent option, offering a fixed return on investment with minimal risk. Here's a list of the best FDs for senior...
India Plans to Consolidate State-Run Banks in Next Phase of Mergers, Aiming to Create Lenders of Global Proportions
The Government of India is preparing for the next round of consolidation of public sector banks (PSU banks) with the goal of creating large, globally competitive lenders. The aim is to support India's long-term economic ambitions and achieve the vision of a developed India by 2047. Finance Minister Nirmala Sitharaman has emphasized the need for...
Among the prominent banks are SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra, and Bank of Baroda.
Several major Indian banks have announced changes to their fixed deposit (FD) interest rates, affecting customers who invest in these instruments. The changes vary by bank and tenure, but overall, they offer returns ranging from 5.9% to 6.95% for different terms. State Bank of India (SBI), the country's largest lender, has been offering 6.25%...
Senior citizens can earn up to 8% interest rate for a 3-year investment; check the complete list of participating banks.
For senior citizens investing for a period of three years, several banks are offering a fixed deposit (FD) rate of up to 8%. This is a significant incentive for seniors who are looking to grow their savings while minimizing risk. The banks offering these high FD rates for senior citizens include major players in the banking industry. Some of the...
Tamilnad Mercantile Bank Names Visvanathan Srinivasan as New Additional Director, Reports scanx.trade
Tamilnad Mercantile Bank (TMB) has announced the appointment of Visvanathan Srinivasan as an Additional Director on its Board, effective from March 25, 2023. This development is part of the bank's efforts to strengthen its leadership and governance structure. Visvanathan Srinivasan is a seasoned banker with over three decades of experience in the...

After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction
The Indian banking sector has seen a shift in employee counts, with public sector banks adding 13,179 employees to reach 9,70,437 in FY25, while private banks saw a 0.86% drop to 8,38,150 employees. State-run banks, which had earlier focused on consolidation and improving balance sheets, have now started to expand their headcount. The largest...
Top FD Options for Seniors: Earn Up to 8% Interest Annually with These High-Yielding Fixed Deposits – View Complete List on Goodreturns
Best Fixed Deposits for Senior Citizens: Earn Up to 8% Annual Return As a senior citizen, it's essential to invest in a secure and stable financial instrument that provides a regular income stream. Fixed Deposits (FDs) are an excellent option, offering a fixed return on investment with minimal risk. Here's a list of the best FDs for senior...
Eight banks, including PNB, Indian Bank, ICICI Bank, and Jana SFB, have revised their fixed deposit rates, with seniors now eligible for up to 8.00% interest.
The Indian government has maintained the interest rates for small savings schemes for the last quarter of the fiscal year 2024-25. However, several banks have reduced their fixed deposit (FD) rates. In the week ending January 3, 2026, eight banks, including Punjab National Bank (PNB), Indian Bank, and ICICI Bank, among others, revised their FD...
Among the prominent banks are SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra, and Bank of Baroda.
Several major Indian banks have announced changes to their fixed deposit (FD) interest rates, affecting customers who invest in these instruments. The changes vary by bank and tenure, but overall, they offer returns ranging from 5.9% to 6.95% for different terms. State Bank of India (SBI), the country's largest lender, has been offering 6.25%...
Senior citizens can earn up to 8% interest rate for a 3-year investment; check the complete list of participating banks.
For senior citizens investing for a period of three years, several banks are offering a fixed deposit (FD) rate of up to 8%. This is a significant incentive for seniors who are looking to grow their savings while minimizing risk. The banks offering these high FD rates for senior citizens include major players in the banking industry. Some of the...
OneCard halts new credit card issuances amid RBI’s request for clarification from its partner banks
OneCard, a popular credit card issuer, has stopped issuing new credit cards due to regulatory issues with the Reserve Bank of India (RBI). The RBI has sought clarifications from partner banks that have collaborated with OneCard, regarding their credit card business model. As a result, OneCard has temporarily halted the issuance of new credit...
Top FD Options for Seniors: Earn Up to 8% Interest Annually with These High-Yielding Fixed Deposits – View Complete List on Goodreturns
Best Fixed Deposits for Senior Citizens: Earn Up to 8% Annual Return As a senior citizen, it's essential to invest in a secure and stable financial instrument that provides a regular income stream. Fixed Deposits (FDs) are an excellent option, offering a fixed return on investment with minimal risk. Here's a list of the best FDs for senior...
Venezuela’s oil wealth sparks US interest, highlighting the global scramble for strategic resources, says Uday Kotak
Kotak Mahindra Bank founder Uday Kotak recently commented on the US's actions in Venezuela, stating that it reflects the "race for hard power" between nations in today's world. The US has taken control of Venezuela, a country with the largest oil reserves on earth, and plans to invest billions of dollars in the oil industry. President Donald...
Ankush Aggarwal and Sahil Sikka have been appointed by PSB Xchange.
PSB Xchange, a digital marketplace platform for financial solutions, has announced two key appointments to its leadership team. Ankush Aggarwal has been appointed as Chief Experience Officer, while Sahil Sikka will take on the role of Chief Business and Financial Officer. Both Aggarwal and Sikka join PSB Xchange from SG Finserve, where Aggarwal...
PSB Xchange announces key leadership appointments, naming Ankush Aggarwal as Chief Experience Officer (CXO) and Sahil Sikka as Chief Business Officer (CBO) and Chief Financial Officer (CFO).
PSB Xchange, a digital marketplace for financial solutions, has announced the appointment of two new leaders to its team. Ankush Aggarwal has been appointed as Chief Experience Officer, bringing over 20 years of experience in corporate banking and SME segments. He specializes in building client servicing frameworks, driving digital...
Uday Kotak shares his vision for 2026, amid concerns over global upheaval, saying ‘watch us thrive in…’
As 2025 comes to a close, Uday Kotak, the founder of Kotak Mahindra Bank, has taken to social media to reflect on the significant economic, technological, and social changes his generation has witnessed. In a post, Kotak expressed his gratitude for the opportunities his generation has had, citing the advent of television, space exploration,...
Among the prominent banks are SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra, and Bank of Baroda.
Several major Indian banks have announced changes to their fixed deposit (FD) interest rates, affecting customers who invest in these instruments. The changes vary by bank and tenure, but overall, they offer returns ranging from 5.9% to 6.95% for different terms. State Bank of India (SBI), the country's largest lender, has been offering 6.25%...
After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction
The Indian banking sector has seen a shift in employee counts, with public sector banks adding 13,179 employees to reach 9,70,437 in FY25, while private banks saw a 0.86% drop to 8,38,150 employees. State-run banks, which had earlier focused on consolidation and improving balance sheets, have now started to expand their headcount. The largest...
Eight banks, including PNB, Indian Bank, ICICI Bank, and Jana SFB, have revised their fixed deposit rates, with seniors now eligible for up to 8.00% interest.
The Indian government has maintained the interest rates for small savings schemes for the last quarter of the fiscal year 2024-25. However, several banks have reduced their fixed deposit (FD) rates. In the week ending January 3, 2026, eight banks, including Punjab National Bank (PNB), Indian Bank, and ICICI Bank, among others, revised their FD...
India Plans to Consolidate State-Run Banks in Next Phase of Mergers, Aiming to Create Lenders of Global Proportions
The Government of India is preparing for the next round of consolidation of public sector banks (PSU banks) with the goal of creating large, globally competitive lenders. The aim is to support India's long-term economic ambitions and achieve the vision of a developed India by 2047. Finance Minister Nirmala Sitharaman has emphasized the need for...
Senior citizens can earn up to 8% interest rate for a 3-year investment; check the complete list of participating banks.
For senior citizens investing for a period of three years, several banks are offering a fixed deposit (FD) rate of up to 8%. This is a significant incentive for seniors who are looking to grow their savings while minimizing risk. The banks offering these high FD rates for senior citizens include major players in the banking industry. Some of the...
Budget Announcement on PSU Bank Consolidation: Expectations for IOB, UCO, BOI, BOM, and Central Bank Merger Plans
The Indian government is expected to make significant announcements regarding the merger of Public Sector Banks (PSBs) in the upcoming budget. The merger of banks such as Indian Overseas Bank (IOB), UCO Bank, Bank of India (BOI), Bank of Maharashtra (BOM), and Central Bank of India is anticipated to be a key aspect of the budget. The government's...
An investigation into the alleged Union Bank fraud case, involving Anmol Ambani, is currently underway by the Central Bureau of Investigation (CBI)
The Central Bureau of Investigation (CBI) has filed a fraud case against Jai Anmol Ambani, the elder son of Anil Ambani and chairman of the Reliance Group, for allegedly defrauding Union Bank of India of ₹228.06 crore. The case claims that companies linked to Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL)...
After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction
The Indian banking sector has seen a shift in employee counts, with public sector banks adding 13,179 employees to reach 9,70,437 in FY25, while private banks saw a 0.86% drop to 8,38,150 employees. State-run banks, which had earlier focused on consolidation and improving balance sheets, have now started to expand their headcount. The largest...
Top FD Options for Seniors: Earn Up to 8% Interest Annually with These High-Yielding Fixed Deposits – View Complete List on Goodreturns
Best Fixed Deposits for Senior Citizens: Earn Up to 8% Annual Return As a senior citizen, it's essential to invest in a secure and stable financial instrument that provides a regular income stream. Fixed Deposits (FDs) are an excellent option, offering a fixed return on investment with minimal risk. Here's a list of the best FDs for senior...
Among the prominent banks are SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra, and Bank of Baroda.
Several major Indian banks have announced changes to their fixed deposit (FD) interest rates, affecting customers who invest in these instruments. The changes vary by bank and tenure, but overall, they offer returns ranging from 5.9% to 6.95% for different terms. State Bank of India (SBI), the country's largest lender, has been offering 6.25%...
Tamilnad Mercantile Bank Names Visvanathan Srinivasan as New Additional Director, Reports scanx.trade
Tamilnad Mercantile Bank (TMB) has announced the appointment of Visvanathan Srinivasan as an Additional Director on its Board, effective from March 25, 2023. This development is part of the bank's efforts to strengthen its leadership and governance structure. Visvanathan Srinivasan is a seasoned banker with over three decades of experience in the...
Ganesh Sankaran takes the helm as Head of Wholesale Banking Group at IndusInd Bank
IndusInd Bank has appointed Ganesh Sankaran as the Head of its Wholesale Banking Group. Sankaran is a seasoned banking professional with over three decades of experience in various areas, including wholesale, retail credit, and SME. He will be responsible for developing the bank's strategy and business in key areas such as corporate banking,...
OneCard halts new credit card issuances amid RBI’s request for clarification from its partner banks
OneCard, a popular credit card issuer, has stopped issuing new credit cards due to regulatory issues with the Reserve Bank of India (RBI). The RBI has sought clarifications from partner banks that have collaborated with OneCard, regarding their credit card business model. As a result, OneCard has temporarily halted the issuance of new credit...

Latest News on Canara Bank
After a 5-year decline, state-run banks see a surge in employee numbers, while private banks experience a 0.9% workforce reduction
The Indian banking sector has seen a shift in employee counts, with public sector banks adding 13,179 employees to reach 9,70,437 in FY25, while private banks saw a 0.86% drop to 8,38,150 employees. State-run banks, which had earlier focused on consolidation and improving balance sheets, have now started to expand their headcount. The largest public sector bank, State Bank of India (SBI), added 3,930 employees to reach 2,36,226 in FY25. SBI plans to hire 18,000 more employees in FY26, including 13,500 clerical posts and 3,000 probationary officers.
The government’s consolidation efforts, which began in 2017 with the merger of five associate banks with SBI, have continued with the merger of 12 banks into four larger entities in 2020. There are talks of a third wave of mergers to reduce the total number of banks to four core anchors. Recently, SBI hired over 1,000 probationary officers and plans to continue hiring.
Among other public sector banks, Punjab National Bank added 397 employees to reach 1,02,746, while Central Bank of India saw a marginal uptick in employee count to 33,081. However, Bank of Baroda and Canara Bank saw a decline in employee count. In the private sector, ICICI Bank saw a significant decline of 7.13% in employee count to 1,30,957, while HDFC Bank added 994 employees to reach 2,14,521. Axis Bank added 121 employees to reach 1,04,453.
The overall headcount in the banking system rose to 18,08,587 from 17,87,566 in FY24. Foreign banks’ employee count stood at 28,041, while small finance banks had 1,77,797 employees, with AU Bank being the largest employer with 50,946. The payments banks had 6,958 employees. The banking sector’s employee count is expected to continue to evolve with the ongoing consolidation and technological advancements.
Among the prominent banks are SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra, and Bank of Baroda.
Several major Indian banks have announced changes to their fixed deposit (FD) interest rates, affecting customers who invest in these instruments. The changes vary by bank and tenure, but overall, they offer returns ranging from 5.9% to 6.95% for different terms.
State Bank of India (SBI), the country’s largest lender, has been offering 6.25% returns on FDs with a tenure of one year to less than two years, and 6.40% for two to less than three years. Senior citizens receive higher returns, with 6.75% on one-year to two-year FDs and 6.90% on two-year to less than three-year FDs. These changes took effect on December 15.
HDFC Bank, another major player, introduced new interest rates on December 17. The bank offers 6.25% for one-year tenures, 6.35% for 15 months to less than 18 months, and 6.45% for two years. Senior citizens are eligible for 6.75% on one-year tenures and 6.95% on two-year tenures.
Axis Bank also revised its FD interest rates, effective December 26. The bank now offers 6.25% for one-year tenures and 6.45% for two years. Senior citizens can earn 6.75% on one-year FDs and 6.95% on two-year FDs.
Canara Bank has also revised its interest rates, with a new rate of 5.9% for FDs with a maturity period of one year to 15 months. Senior citizens, however, can earn 6.40% for the same period.
These changes reflect the ongoing evolution of the Indian banking sector, with lenders adjusting their interest rates to stay competitive and respond to market conditions. Customers can take advantage of these revised rates to maximize their returns on fixed deposits, depending on their individual investment goals and preferences. It is essential for investors to review the updated interest rates and terms offered by each bank to make informed decisions about their investments.
PSB Merger to Pick Up Pace by 2026: Canara Bank, Bank of Maharashtra, and IOB in Focus – Key Highlights via Upstox
The Indian government is expected to accelerate the consolidation of public sector banks (PSBs) in 2026, with several key developments on the horizon. The consolidation process, which began in 2019, aims to create larger, more efficient banks that can compete with private sector lenders. Here are the key points to know:
Background: The Indian government has been working to consolidate the country’s PSBs to improve their efficiency, reduce bad loans, and increase their competitiveness. In 2019, the government merged 10 PSBs into four larger banks, reducing the total number of PSBs from 27 to 12.
Next phase of consolidation: The government is expected to announce the next phase of consolidation in 2026, which may involve the merger of more PSBs. Canara Bank, Bank of Maharashtra, and Indian Overseas Bank (IOB) are likely to be part of this phase.
Key banks involved: Canara Bank, one of the largest PSBs, is expected to play a key role in the next phase of consolidation. Bank of Maharashtra, which has shown significant improvement in its financial performance, may also be involved. IOB, which has been struggling with high bad loans, may be merged with another bank to improve its financial health.
Benefits of consolidation: The consolidation of PSBs is expected to bring several benefits, including improved efficiency, reduced costs, and increased competitiveness. Larger banks will have more resources to invest in technology, talent, and marketing, enabling them to better compete with private sector lenders.
Challenges ahead: While consolidation is expected to bring benefits, it also poses several challenges, including the integration of different cultures, systems, and processes. The government will need to ensure that the merger process is smooth and does not disrupt banking services.
Timeline: The government is expected to announce the next phase of consolidation in 2026, with the merger process likely to be completed by 2028. The exact timeline will depend on various factors, including the complexity of the merger and the regulatory approvals required.
Impact on customers: The consolidation of PSBs is unlikely to have a significant impact on customers, as the merged banks will continue to operate under the same brand names and offer the same services. However, customers may benefit from improved services, such as better technology and more convenient banking channels.
Overall, the consolidation of PSBs is a key part of the Indian government’s plan to strengthen the banking sector and improve its competitiveness. While there are challenges ahead, the benefits of consolidation are expected to outweigh the costs, leading to more efficient and competitive banks that can support India’s economic growth.
Senior citizens can earn up to 8% interest rate for a 3-year investment; check the complete list of participating banks.
For senior citizens investing for a period of three years, several banks are offering a fixed deposit (FD) rate of up to 8%. This is a significant incentive for seniors who are looking to grow their savings while minimizing risk.
The banks offering these high FD rates for senior citizens include major players in the banking industry. Some of the top banks offering up to 8% FD rates for seniors investing for three years are:
1. Bank of Baroda: Offering 7.75% to 7.95% interest rates for senior citizens, depending on the deposit amount and tenure.
2. Canara Bank: Providing 7.75% to 7.9% interest rates for senior citizens, with varying rates based on deposit amount and tenure.
3. Indian Bank: Offering 7.75% interest rate for senior citizens, with higher rates applicable for larger deposits.
4. Punjab National Bank: Giving 7.75% to 7.9% interest rates for senior citizens, depending on the deposit amount and tenure.
5. State Bank of India (SBI): Offering 7.6% to 7.8% interest rates for senior citizens, with varying rates based on deposit amount and tenure.
6. ICICI Bank: Providing 7.75% to 7.9% interest rates for senior citizens, with higher rates applicable for larger deposits and longer tenures.
7. HDFC Bank: Offering 7.75% to 7.9% interest rates for senior citizens, with varying rates based on deposit amount and tenure.
These high FD rates can help senior citizens earn substantial interest on their deposits, ensuring a steady income stream during their retirement years. It’s essential to note that the interest rates may vary depending on the bank, deposit amount, and tenure chosen.
Before investing, senior citizens should carefully review the terms and conditions of the FD, including any penalties for early withdrawal and the minimum deposit requirements. They should also consider their individual financial goals, risk tolerance, and liquidity needs before making a decision.
It’s worth mentioning that senior citizens can also explore other investment options, such as senior citizen savings schemes, provident funds, and pension plans, which may offer higher returns and additional benefits. However, FDs remain a popular choice for seniors due to their low-risk nature and fixed returns.
In conclusion, the high FD rates offered by banks for senior citizens can be an attractive option for those looking to grow their savings over a three-year period. Seniors should carefully evaluate the various options available, considering their individual financial needs and goals, before making an informed investment decision.
Budget Announcement on PSU Bank Consolidation: Expectations for IOB, UCO, BOI, BOM, and Central Bank Merger Plans
The Indian government is expected to make significant announcements regarding the merger of Public Sector Banks (PSBs) in the upcoming budget. The merger of banks such as Indian Overseas Bank (IOB), UCO Bank, Bank of India (BOI), Bank of Maharashtra (BOM), and Central Bank of India is anticipated to be a key aspect of the budget.
The government’s plan to merge PSBs aims to create larger and more efficient banks, which can compete with private sector banks. The merger is expected to lead to improved financial health, increased lending capabilities, and enhanced customer services. Additionally, the merger will help in reducing the number of PSBs, making them more manageable and allowing for better allocation of resources.
The merger of IOB, UCO, BOI, BOM, and Central Bank is seen as a significant step towards consolidation in the banking sector. The government has already merged several PSBs in the past, resulting in the creation of larger banks such as State Bank of India (SBI), Punjab National Bank (PNB), and Canara Bank. The upcoming merger is expected to further strengthen the banking sector and improve its overall performance.
The budget announcement is expected to provide details on the merger, including the timeline, structure, and benefits for customers and employees. The government may also announce measures to support the merged banks, such as capital infusion, rationalization of branches, and implementation of new technologies. The merger is likely to have a significant impact on the banking sector, and the budget announcement will be closely watched by stakeholders, including customers, employees, and investors.
In recent years, the government has taken several steps to strengthen the banking sector, including the implementation of the Insolvency and Bankruptcy Code (IBC) and the establishment of the National Company Law Tribunal (NCLT). The merger of PSBs is seen as a key aspect of this effort, aimed at creating a more robust and efficient banking system. The upcoming budget announcement is expected to provide further details on the government’s plans for the banking sector and the merger of PSBs.
Overall, the merger of PSBs is a significant development in the Indian banking sector, and the budget announcement is expected to provide important details on the government’s plans. The merger is likely to have a positive impact on the banking sector, leading to improved financial health, increased lending capabilities, and enhanced customer services. The government’s efforts to strengthen the banking sector are expected to continue, with the merger of PSBs being a key aspect of this effort.
Stock Market Updates of Canara Bank
Recent Updates
Major Development in PSU Bank Consolidation: IOB, UCO, BOI, BOM, and Central Bank Under Consideration for Merger – What’s the Timeline for the Next Phase of PSB Consolidation?
The Indian government is planning to initiate the next phase of public sector bank (PSB) mergers, with several banks on the radar, including Indian Overseas Bank (IOB), UCO Bank, Bank of India (BOI), Bank of Maharashtra (BOM), and Central Bank of India. The merger of these banks is expected to be a significant step towards consolidation in the Indian banking sector.
The government had earlier merged 10 PSBs into four large banks, resulting in the creation of mega banks such as State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), and Canara Bank. The merger aimed to create stronger and more competitive banks, with improved financial health and increased lending capacity.
The next phase of the merger is expected to be more challenging, as it involves banks with weaker financials. The government is likely to consider factors such as the banks’ financial performance, asset quality, and regional presence before deciding on the mergers. The merger process is expected to be completed in a phased manner, with the first phase likely to involve the merger of smaller banks.
The banks on the radar, including IOB, UCO Bank, BOI, BOM, and Central Bank of India, have been struggling with high non-performing assets (NPAs) and weak financial performance. The merger is expected to help these banks improve their financial health and increase their lending capacity.
The government has not yet announced a specific timeline for the next phase of the merger. However, it is expected to happen soon, as the government is keen to complete the consolidation process in the banking sector. The merger is also expected to lead to job losses, as the merged entity will likely have a reduced workforce.
The PSB merger is part of the government’s broader plan to reform the banking sector and improve its efficiency. The government has also announced several other measures, including the establishment of a bad bank to take over stressed assets and the introduction of a new bank licensing policy. The measures aim to strengthen the banking sector and improve its ability to support economic growth.
In conclusion, the next phase of the PSB merger is expected to involve the merger of several smaller banks, including IOB, UCO Bank, BOI, BOM, and Central Bank of India. The merger is expected to be a significant step towards consolidation in the Indian banking sector and is likely to lead to the creation of stronger and more competitive banks. However, the process is expected to be challenging, and the government will need to carefully consider the financial performance and asset quality of the banks involved.
Consolidation of PSU Banks: SBI Chief Suggests Additional Mergers Could Be Beneficial As Government Considers Major Overhaul | Business News
The chairman of the State Bank of India (SBI), CS Setty, has expressed support for the Indian government’s plan to merge smaller public sector banks with larger lenders. In an interview with Bloomberg, Setty stated that there is a need for further rationalization in the banking sector, as some smaller banks are still sub-scale. He suggested that another round of consolidation may not be a bad idea, which could lead to the next level of growth and scale in India’s financial space.
The government is considering a plan to merge several small lenders, including Indian Overseas Bank (IOB), Central Bank of India (CBI), Bank of India (BOI), and Bank of Maharashtra (BOM) with larger public sector banks such as Punjab National Bank (PNB), Bank of Baroda (BoB), and SBI. This proposed mega merger is aimed at supporting the next phase of credit expansion and financial sector reforms.
The plan is expected to be taken up at the Cabinet level and then examined by the Prime Minister’s Office (PMO). This renewed merger push diverges from NITI Aayog’s earlier suggestion to privatize or restructure smaller public sector banks. NITI Aayog had recommended that only a few large state-run lenders, including SBI, PNB, BoB, and Canara Bank, be retained under government control, while the remaining PSBs should either be merged, privatized, or have their government stake reduced.
The proposed merger is expected to drive growth and increase the efficiency of the banking sector. Setty’s support for the plan indicates that the banking industry is open to consolidation, which could lead to the creation of larger, more competitive banks. The government’s plan to merge smaller banks with larger lenders is a significant step towards achieving this goal.
The merger plan is also expected to support the next phase of credit expansion and financial sector reforms. The Indian government has been working to strengthen the banking sector and improve its efficiency, and the proposed merger is a key part of this effort. The plan is expected to be implemented in the near future, and it will be interesting to see how it unfolds and what impact it has on the banking sector.
Overall, the proposed merger of smaller public sector banks with larger lenders is a significant development in the Indian banking sector. It is expected to drive growth, increase efficiency, and support the next phase of credit expansion and financial sector reforms. The support of the SBI chairman for the plan indicates that the banking industry is open to consolidation, and the government’s plan is a significant step towards achieving this goal.
Latest Bank Update: Will Indian Overseas Bank, Central Bank of India, and Bank of India Merge with SBI and Canara Bank?
The Indian government is planning a major overhaul of the country’s banking system by merging smaller public sector banks with larger ones. Finance Minister Nirmala Sitharaman emphasized the need for a world-class banking system, with the goal of expanding Indian banks to become among the top global banks. The proposed mega-merger plan aims to create larger, more reliable public sector banks. Except for the State Bank of India, Canara Bank, Punjab National Bank, and Bank of Baroda, all other banks in the country could be merged.
Sitharaman stated that discussions have begun with banks to determine how they wish to proceed with the merger. The Reserve Bank of India is also being consulted to gather their views on creating larger banks. According to media reports, the second phase of the merger plan may involve merging Indian Overseas Bank, Central Bank of India, Bank of India, and Bank of Maharashtra with larger banks like Punjab National Bank, Bank of Baroda, and State Bank of India.
This is not the first time the government has undertaken bank mergers. In 2017, five associate banks of SBI and Bharatiya Mahila Bank were merged with the State Bank of India. In 2019, Vijaya Bank and Dena Bank were merged with Bank of Baroda, and in 2020, Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank.
The merger is expected to have significant implications for both employees and account holders. While banking deposits, fixed deposits, interest rates, loans, and other services will remain unaffected, account holders may need to obtain new passbooks, chequebooks, and account numbers. Additionally, branch names and addresses may change, requiring customers to visit their bank branches to update their records. Overall, the government’s goal is to create a more robust and efficient banking system that can compete with global banks.
Consolidating banking entities to the point of rendering them obsolete
The Indian government’s plan to merge nine public sector banks into three large banks, namely State Bank of India, Punjab National Bank, and Canara Bank, has sparked concern among customers and employees. The move, aimed at enabling these banks to compete with foreign banks, is expected to begin by the end of the next financial year. However, this merger could have far-reaching consequences, including making banking inaccessible to common people, increasing workload, and worsening bank environments.
Bank mergers are not new in India, with several state banks having merged with SBI in the past. Recently, Andhra Bank and Corporation Bank merged with Union Bank, while Dena and Vijaya Banks merged with Bank of Baroda. The real objective behind these mergers was to shift the liability of banks in debt from giving loans to billionaires. Apart from mergers, the privatization of banks is also underway, with IDBI Bank being privatized and Yes Bank being taken over by Japan’s Sumitomo Mitsui Banking Corporation.
The central government’s move to privatize and merge public sector banks has been criticized for forgetting the role that these banks played in keeping the country safe during the global financial crisis. Big banks have no interest in ordinary, rural, and farmer accounts, and have recently imposed minimum balance requirements, making it difficult for ordinary people to access banking services. This could lead to a shift from mass banking to class banking, where only the wealthy have access to banking services.
The merger is expected to lead to widespread closure of branches, voluntary retirement, and compulsory retirement, which will adversely affect services. Customers will be forced to accept unilaterally imposed service charges and penalties. The banking sector is heading from nationalization to privatization and eventually to foreignization, which will have adverse effects on the economy and common people. The government’s move has been criticized for being anti-poor, as it will only benefit the wealthy and large corporations.
The privatization of banks will also lead to a loss of benefits that society achieved through nationalization of banks. Small borrowers are being tied up with laws like SARFAESI, while corporate loans worth crores continue to be written off. The decline in the number of banks will also adversely affect services, and customers will be forced to accept poor services and high charges. The government’s move has been criticized for being a shift from pro-people policies to pro-corporate policies, which will have far-reaching consequences for the economy and common people.
The Canara Bank has made a generous donation of a fully-equipped ambulance to the Shiromani Gurdwara Parbandhak Committee (SGPC).
Canara Bank has donated an ambulance to the Shiromani Gurdwara Parbandhak Committee (SGPC) as part of its Corporate Social Responsibility (CSR) program. The keys to the ambulance were handed over to SGPC president Harjinder Singh Dhami at Harmandar Sahib. This gesture is aimed at providing convenience to the Sangat, the community of Sikh devotees. The SGPC is responsible for managing gurdwaras, as well as providing services in the fields of education and health.
According to Dhami, the SGPC relies heavily on contributions from the Sangat and various institutions to carry out its work. He expressed gratitude to Canara Bank for the donation, noting that other banks have also contributed to SGPC services in the past. Dhami hopes that Canara Bank will continue to extend its cooperation to the SGPC. As a token of appreciation, Dhami honored the bank officials with a siropa, a traditional Sikh robe of honor, and a model of Harmandar Sahib.
Canara Bank chairman Hardeep Singh Ahluwalia acknowledged the SGPC’s service initiatives, stating that their impact directly benefits the people. He thanked Dhami for the honor bestowed upon the bank officials and expressed his commitment to contributing to the welfare of the Sangat. Ahluwalia attributed the bank’s contribution to the blessings of Guru Sahib, emphasizing the importance of giving back to the community.
The donation of the ambulance is a significant contribution to the SGPC’s healthcare services, which will provide timely medical assistance to those in need. This initiative demonstrates Canara Bank’s commitment to its CSR program and its desire to make a positive impact on the community. The partnership between Canara Bank and the SGPC is a testament to the power of collaboration between organizations to drive social change and improve the lives of individuals.
The Chief of CBOA has praised the staff of Canara Bank for their unwavering commitment and dedication to their work.
Ravi Kumar K, the General Secretary of the Canara Bank Officers’ Association (CBOA), recently visited Chandigarh on September 20-21, 2025. During his visit, he interacted with employees and officers at the Canara Bank Circle Office, praising their dedication and hard work. Kumar highlighted the significant role the staff has played in driving the bank’s growth and the success of the ‘Each One Source Ten’ campaign, which managed to mobilize an impressive Rs 18,000 crore in just three months.
Kumar also addressed various welfare issues concerning the officers, including the implementation of five-day banking, achieving a better work-life balance, and introducing performance-linked incentives (PLI). He also emphasized the need for adequate staffing and technology upgrades to improve the overall efficiency of the bank. The Chandigarh CBOA Unit was recognized as one of the strongest in India, reflecting the unit’s commitment to the welfare of its members.
During the Members Meet at Hotel Pearl, General Manager Manoj Kumar Das reiterated the importance of teamwork, digital adoption, and customer-centric service. He emphasized that these factors are crucial for the bank’s future progress and success. The interactive sessions held during the visit reinforced the CBOA’s role as a bridge between the staff and management, fostering unity and cooperation among all stakeholders.
The visit was seen as an opportunity for the CBOA to engage with its members and address their concerns. It also provided a platform for the association to reiterate its commitment to the welfare of its members and to work towards creating a more conducive and supportive work environment. Overall, the visit was a positive step towards strengthening the relationship between the CBOA and its members, and towards driving the bank’s future growth and success.
The recognition of the Chandigarh CBOA Unit as India’s strongest is a testament to the unit’s hard work and dedication. The unit’s efforts to promote the welfare of its members and to foster a sense of unity and cooperation among all stakeholders have clearly paid off. The visit by Ravi Kumar K has helped to further reinforce the importance of teamwork, digital adoption, and customer-centric service, and has provided a boost to the morale of the employees and officers at the Canara Bank Circle Office.
Canara Bank contributes Rs 25 lakh to the Chief Minister’s relief fund to support families affected by the floods.
In a demonstration of solidarity with the people of Jammu and Kashmir affected by the recent floods, Canara Bank has donated Rs 25 lakh to the Chief Minister’s Relief Fund. The cheque was presented to Chief Minister Omar Abdullah by Manoj Kumar Das, Circle Head of Canara Bank, and Shri Prashant Kumar, Regional Head, in Srinagar. This contribution highlights the bank’s commitment to supporting communities in times of crisis.
According to Das, Canara Bank has always prioritized social welfare and goes beyond its banking duties to uphold this commitment. The donation is a small step towards supporting those who are rebuilding their lives after the devastating floods. The Chief Minister expressed his gratitude to the bank for its timely support, stating that the funds will be utilized to provide relief and rehabilitation to the families most severely affected by the floods.
This initiative is part of Canara Bank’s broader corporate social responsibility efforts, which encompass disaster relief, social upliftment, and community development across the country. The bank’s commitment to social welfare is evident in its efforts to support communities in need. By donating to the Chief Minister’s Relief Fund, Canara Bank is contributing to the relief and rehabilitation efforts in Jammu and Kashmir.
The recent floods in Jammu and Kashmir have had a devastating impact on the lives of many people, and the donation from Canara Bank is a welcome gesture of support. The bank’s contribution will help to provide relief and rehabilitation to those who have been affected by the floods, and it demonstrates the bank’s commitment to social responsibility. The Chief Minister’s Relief Fund will utilize the donated funds to provide assistance to the families most in need, and Canara Bank’s donation is a significant contribution to this effort.
Overall, Canara Bank’s donation to the Chief Minister’s Relief Fund is a positive step towards supporting the people of Jammu and Kashmir affected by the recent floods. The bank’s commitment to social welfare and corporate social responsibility is evident in this initiative, and it demonstrates the bank’s role in supporting communities in times of crisis.
Canara Bank donates Rs 25 lakh to Chief Minister’s Relief Fund, reports Rising Kashmir
Canara Bank, a prominent public sector bank in India, has made a significant contribution to the Chief Minister’s Relief Fund in Jammu and Kashmir. The bank donated Rs 25,00,000 (Twenty-Five Lakh) to support and assist the people affected by the recent floods in the Union Territory. This generous donation aims to provide relief to those who have been impacted by the floods, which have caused significant damage and disruption to the lives of the people in the region.
The cheque was presented to Omar Abdullah, the Chief Minister of Jammu and Kashmir, by Manoj Kumar Das, the Circle Head of Canara Bank. Das was accompanied by Prashant Kumar, the Regional Head, and Sheikh Aaqib, Senior Manager. The donation is a testament to Canara Bank’s commitment to social responsibility and its efforts to contribute to the well-being of the communities it serves.
The recent floods in Jammu and Kashmir have caused widespread destruction, affecting thousands of people and causing significant damage to infrastructure and property. The Chief Minister’s Relief Fund has been established to provide assistance to those affected by the floods, and Canara Bank’s contribution will go a long way in supporting the relief efforts.
Canara Bank’s donation is a significant example of corporate social responsibility, demonstrating the bank’s commitment to giving back to the community. The bank’s contribution will help to provide essential support and assistance to those who have been affected by the floods, including food, shelter, and medical aid.
The presentation of the cheque was a symbolic gesture of Canara Bank’s commitment to supporting the people of Jammu and Kashmir during this difficult time. The bank’s officials, led by Manoj Kumar Das, were warmly received by the Chief Minister, who appreciated the bank’s generosity and commitment to social responsibility. The donation is expected to make a significant impact on the relief efforts, and Canara Bank’s contribution will be remembered as a gesture of goodwill and support for the people of Jammu and Kashmir.
Transstroy India under scrutiny as SFIO initiates investigation into alleged breaches of Companies Act
The Serious Fraud Investigation Office (SFIO) in Hyderabad has initiated an investigation into Transstroy India Private Ltd for alleged violations of the Companies Act. The probe is linked to a multi-crore loan fraud already being investigated by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED). Transstroy India is accused of a ₹9,394 crore loan fraud, with the CBI and ED pursuing parallel cases. The company allegedly secured loans from a consortium of 14 banks, led by Canara Bank, and diverted around ₹6,643 crore through shell companies and entities.
The CBI’s Bengaluru unit had initially registered a First Information Report (FIR) against Transstroy India for criminal conspiracy, cheating, forgery, and other offenses. The ED later registered a money laundering case based on the CBI’s FIR and attached properties belonging to the company and its associates. A forensic audit revealed that Transstroy India had floated shell firms in the names of domestic workers, sweepers, and drivers, listing them as directors to reroute funds.
The SFIO’s probe will focus on company law contraventions linked to the loan fraud and will extend its investigation to cover all entities involved, including Padmavati Enterprises, Unique Engineers, Balaji Enterprises, and Ruthwik Associates. Transstroy India was founded in 2001 and took up various civil works, including roads, bridges, tunnels, and highways. The company was also the original contractor for the Polavaram Irrigation Project in Andhra Pradesh.
The loans under scrutiny were availed between 2013 and 2014 from a consortium of banks, including Canara Bank, Central Bank of India, and Corporation Bank. Following mounting defaults, the consortium of lenders authorized Canara Bank to initiate insolvency proceedings before the National Company Law Tribunal (NCLT) in March 2017. The Hyderabad bench of the NCLT admitted the case on October 10, 2018. The SFIO’s investigation is expected to uncover more details about the alleged loan fraud and company law violations by Transstroy India.
Canara Bank 2025 Recruitment Drive: Sales and Marketing Trainee Vacancies Now Open for Application
Canara Bank has announced its recruitment drive for the year 2025, inviting applications for the position of Sales and Marketing Trainee. This is an excellent opportunity for individuals who are passionate about sales and marketing and want to build a career in the banking sector.
The recruitment process will involve a written examination, followed by a personal interview for shortlisted candidates. The written examination will test the candidates’ knowledge of sales and marketing concepts, as well as their aptitude and reasoning skills. The personal interview will assess the candidates’ communication skills, personality, and suitability for the role.
To be eligible for the position, candidates must have a graduate degree in any discipline from a recognized university. They must also have a minimum of 60% marks in their graduation. Additionally, candidates must have a minimum of 1-2 years of experience in sales and marketing, preferably in the banking or financial services sector.
The role of a Sales and Marketing Trainee at Canara Bank involves promoting the bank’s products and services to customers, identifying new business opportunities, and building relationships with existing customers. The trainees will be required to work in a team environment and will be expected to meet sales targets and achieve business objectives.
The selection process for the Sales and Marketing Trainee position will be rigorous and will involve multiple stages. Candidates who are shortlisted will be required to undergo a training program, which will equip them with the necessary skills and knowledge to perform their duties effectively.
Canara Bank offers a competitive salary and benefits package to its employees, including medical insurance, provident fund, and gratuity. The bank also provides opportunities for career growth and professional development, making it an attractive option for individuals who want to build a long-term career in the banking sector.
Interested candidates can apply for the Sales and Marketing Trainee position online through the Canara Bank website. The application process will involve filling out an online form, uploading relevant documents, and paying a non-refundable application fee. Candidates are advised to carefully read the eligibility criteria and selection process before applying for the position.
Overall, the Canara Bank Recruitment 2025 for Sales and Marketing Trainee positions is a great opportunity for individuals who want to start a career in the banking sector. With its competitive salary and benefits package, opportunities for career growth, and rigorous selection process, Canara Bank is an attractive option for individuals who are passionate about sales and marketing and want to build a successful career.
Canara Bank 2025 Recruitment: Sales and Marketing Trainee Positions Now Open for Application – View Details
Canara Bank has announced a recruitment drive for the year 2025, inviting applications for Trainee posts in Sales and Marketing. The bank is seeking to fill various positions, offering a great opportunity for candidates to kick-start their careers in the banking sector.
The recruitment process is open to eligible candidates who meet the specified criteria, which includes educational qualifications, age limits, and other requirements. Aspirants can apply online through the official website of Canara Bank, and the application process is expected to be highly competitive.
The Trainee posts in Sales and Marketing are designed to equip selected candidates with the necessary skills and knowledge to excel in the banking industry. The training program will cover various aspects of sales and marketing, including product knowledge, customer relationship management, and business development.
The selection process for the Trainee posts will involve a series of tests and interviews, which will assess the candidates’ communication skills, problem-solving abilities, and knowledge of the banking sector. Candidates who clear the selection process will be offered a stipend during the training period, which will be followed by a confirmation of their appointment as permanent employees of the bank.
The recruitment drive is a great opportunity for candidates who are passionate about sales and marketing and are looking to build a career in the banking sector. Canara Bank is a reputable and trusted bank in India, offering a wide range of financial products and services to its customers.
To apply for the Trainee posts, candidates must meet the eligibility criteria, which includes a graduate degree in any discipline from a recognized university. The age limit for the posts is between 20 and 28 years, and candidates must have a good academic record and excellent communication skills.
The application process is online, and candidates can submit their applications through the official website of Canara Bank. The application fee is nominal, and candidates can pay it online through various payment modes. The last date for submitting applications is expected to be announced soon, and candidates are advised to apply early to avoid any last-minute rush.
Overall, the Canara Bank Recruitment 2025 is a great opportunity for candidates to join the banking sector and build a career in sales and marketing. With its comprehensive training program and competitive stipend, the bank is offering a unique chance for aspirants to develop their skills and knowledge and become a part of one of India’s leading banks.
The National Company Law Tribunal (NCLT) has approved the Corporate Insolvency Resolution Process (CIRP) application filed by Canara Bank, citing the default of a debt payment exceeding Rs 1 crore.
The National Company Law Tribunal (NCLT) Cuttack Bench admitted an application filed by Canara Bank against S.S. Aluminium Private Limited for defaulting on a debt of over Rs. 15.88 crores. The application was filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, for initiating a Corporate Insolvency Resolution Process (CIRP) against the company.
Canara Bank had sanctioned credit facilities, including a cash credit and a term loan, to S.S. Aluminium Private Limited for the modernization and expansion of its aluminum plant. However, the company failed to pay the installments and defaulted on the payment of interest. Despite several notices and attempts to settle the arrears, the company continued to default, leading to the classification of the loan accounts as “Non-Performing Assets” (NPAs) in 2021.
The company had sought a one-time settlement (OTS) of the debt, admitting liability towards the outstanding amount. However, the financial creditor initiated proceedings under the SARFAESI Act, 2002, and issued notices for the sale of the mortgaged properties. The company’s attempts to settle the debt through OTS were unsuccessful, and the financial creditor filed the application for CIRP.
The NCLT bench allowed the application, finding that the company had defaulted on the payment of a debt amount exceeding Rs. 1 crore. The bench also noted that the company’s claim of being a Micro, Small, and Medium Enterprises (MSME) was unfounded, as it had failed to disclose or prove its MSME status when its account was classified as an NPA. The total amount of loans defaulted by the company meets the minimum requirement for initiating proceedings under Section 7 of the Code.
The NCLT’s decision to admit the application for CIRP is based on the evidence provided by the financial creditor, including the Form-C and Form-D of the NeSL certificate, the loan account statement, and the debt restructuring agreement. The company’s default on the payment of the borrowed amount is conclusively established, and the application has been filed within the period of limitation as per Section 18 of the Limitation Act, 1963.
The NCLT’s order allows for the initiation of the CIRP against S.S. Aluminium Private Limited, which will involve the appointment of a resolution professional to oversee the resolution process. The resolution professional will verify the claims of the financial creditor and other stakeholders and formulate a resolution plan to revive the company or distribute its assets among the creditors.
Overall, the NCLT’s decision highlights the importance of timely payment of debts and the consequences of defaulting on loan obligations. It also underscores the role of the NCLT in enforcing the provisions of the Insolvency and Bankruptcy Code, 2016, and ensuring that companies are held accountable for their financial obligations.
Canara Bank 2025 Recruitment: Trainee positions available in Sales and Marketing, apply now at canmoney.in
Canara Bank has announced a recruitment drive for Trainee posts in Sales and Marketing, with eligible candidates able to apply online through the official website at canmoney.in. The application process is open until October 6, 2025. The selected trainees will be assigned to various centers, with the list of available centers provided on the website.
To be eligible for the position, candidates must have a graduation degree in any stream with a minimum of 50% marks. The age criteria for applicants is between 20 to 30 years as of August 31, 2025. While experience in marketing and sales is preferred, freshers are also welcome to apply.
The application process requires candidates to submit their application form along with several supporting documents, including a birth certificate, updated resume, copies of mark sheets and certificates, experience certificates, and any other relevant documents. These documents should be sent to The General Manager, HR Department, Canara Bank Securities Ltd, in Mumbai.
The selection process for the Trainee posts consists of an interview, which may be conducted online or physically. Shortlisted candidates will be notified about the date and time of the interview via email, using the email id provided in their application. It is noted that being called for an interview does not guarantee verification of the candidate’s age, qualification, or category.
Candidates are advised to check the official website of Canara Bank for more detailed information and to access the direct link to apply for the Trainee posts. The recruitment drive offers an opportunity for individuals to join Canara Bank and develop their skills in sales and marketing. With the application deadline of October 6, 2025, interested candidates should submit their applications and supporting documents as soon as possible to be considered for the position.
Canara Bank Recruitment 2025: Apply Now for Trainee Positions at canmoney.in – Check Eligibility Criteria, Application Link, and Important Details
Canara Bank has announced a recruitment drive for the position of Trainee (Sales and Marketing), inviting interested and eligible candidates to apply. The application process is available online through the official website, canmoney.in, or by submitting a physical application to the specified address. The registration period will be open until October 6, 2025, at 6 PM.
To apply online, candidates must visit the Canara Bank Securities Limited website, navigate to the recruitment section, and fill out the application form. They must carefully enter the required details, scan and upload necessary documents, and submit the form before the deadline. A direct link to apply is available, and candidates are advised to save a copy of their submitted application for future reference.
For those who prefer to apply offline, they can send their completed application form and required documents to the General Manager, HR Department, at the specified address in Mumbai. The eligibility criteria for the position include a graduation degree in any discipline with at least 50% marks, and the candidate must be between 20 and 30 years old as of August 31, 2025. Preference will be given to candidates with prior experience in sales and marketing, but fresh graduates are also eligible to apply.
The selection process will be based on an interview, which may be conducted online or in person. Shortlisted candidates will be informed about the interview details via email, and it is essential to note that the call for an interview is provisional and subject to verification of eligibility criteria. Candidates are advised to check the official website for further information and updates.
The selected candidates will be placed at various centers, the list of which has been published on the official website. Canara Bank Securities Limited will inform shortlisted applicants about the date and mode of the interview through the email address mentioned in the application form. Candidates should ensure they meet the eligibility criteria and follow the application process carefully to be considered for the position.


