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 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 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) 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 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 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.

The Enforcement Directorate (ED) has arrested Amit Ashok Thepade, a businessman, in connection with a money laundering case involving a Rs 117.06 crore bank fraud at Canara Bank. Thepade was apprehended at a five-star hotel in South Mumbai, where he had been residing for nearly two months. The ED’s Mumbai zonal office arrested him on August 24 under the Prevention of Money Laundering Act.

Following his arrest, a search of the hotel room led to the seizure of various assets, including Rs 9.5 lakh in cash, gold and diamond jewelry worth Rs 2.33 crore, bullion, two vehicles, and several digital devices. Additionally, more than 50 bank accounts were frozen as part of the investigation. Thepade has been remanded to ED custody for five days by a special PMLA court.

The investigation into the case began with two First Information Reports (FIRs) filed by the Central Bureau of Investigation (CBI) against Galaxy Constructions & Contractors Pvt Ltd and Mitsom Enterprises Pvt Ltd, both companies owned by Thepade. According to officials, these companies secured loans from Canara Bank by mortgaging properties that had already been sold or pledged multiple times. The funds were then siphoned off, and Thepade allegedly played a key role in setting up a complex financial network to launder the money and disguise it as legitimate assets.

The ED’s investigation, which included surveillance and forensic analysis of transactions, revealed attempts to conceal the origin of the proceeds of crime. Thepade’s arrest is a result of this ongoing investigation, and further probe into the matter is currently underway. The case highlights the ED’s efforts to crack down on money laundering and bank fraud, and Thepade’s arrest marks a significant development in the investigation. The ED will likely continue to investigate and gather evidence to build a strong case against Thepade and other individuals involved in the alleged fraud.

Canara Bank’s Pfutsero branch has taken a significant step towards promoting girls’ education and bridging the socio-economic divide in the Phek district of Nagaland. As part of its Corporate Social Responsibility (CSR) initiative, the bank has extended financial assistance to six meritorious girl students of Government Middle School, Leshemi, through the Canara Vidya Jyoti scholarship scheme. The scheme aims to provide a one-time scholarship to underprivileged students, with a focus on promoting girls’ education and fostering gender equity.

According to Adani Thomas, Branch Manager of Canara Bank’s Pfutsero branch, the scholarship initiative is a crucial part of the bank’s broader vision to empower educational development and create a more equal society. By providing financial assistance to deserving students, the bank hopes to enable access to quality education and create opportunities for a better future. The scheme is particularly focused on supporting girls from marginalised and economically disadvantaged backgrounds, who often face significant barriers in pursuing their educational and career aspirations.

The beneficiaries of the scholarship scheme are six girl students from Government Middle School, Leshemi, who have demonstrated academic excellence and potential. The school has welcomed the initiative, acknowledging the bank’s generous contribution and expressing its gratitude for the support. The school believes that the scholarship will make a tangible difference in the lives of the girl students, providing them with the resources and opportunities they need to pursue their dreams and build a brighter future.

The Canara Vidya Jyoti scholarship scheme is a significant step towards promoting girls’ education and empowering underprivileged communities. By supporting initiatives like this, Canara Bank is demonstrating its commitment to creating a more inclusive and equitable society, where everyone has access to quality education and the opportunities they deserve. The scheme is expected to have a positive impact on student enrolment and retention rates, particularly among girls, and will help to foster a more supportive and inclusive educational environment. Overall, the initiative is a testament to the bank’s dedication to giving back to the community and making a positive difference in the lives of its customers and stakeholders.