Stocks to buy today, February 12, 2024: In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Sumeet Bagadia, Sandeep Jain, Mehul Kothari and Jay Thakkar share their top stock recommendations in this special segment, Pick of the Week.
On the top analysts’ ‘buy’ list are stocks such as Computer Age Management Services (CAMS), Info Edge, Grindwell Norton, ICICI Bank, Aarti Industries, Bank of Baroda (BoB), Canara Bank, Concor, and Punjab National Bank (PNB).
(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult their investment advisers…
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Category: Canara Bank
Canara Bank’s ‘Be Cyber Smart’ campaign across state Bus Stations empowering Rural India
Canara Bank, a leading public sector bank in India, has taken an important step towards addressing the rising cybercrime rates in Rural India with its ongoing initiative, ‘Be Cyber Smart.’ The ‘Be Cyber Smart’ campaign has been successfully launched across 489 bus stands across India. Fourteen unique jingles, scripted and recorded, play every 15 minutes on the Digital Passenger Information Systems (PIS) at the bus stations, reinforcing the importance of cybersecurity in a catchy and memorable manner.
“Canara Bank identified a disturbing increase in cybercrime cases. We observed there is a critical need for…
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Elets 8th BFSI CXO Masterclass 2024
As we move into 2024, the BFSI industry is experiencing a significant shift towards the use of
ever-evolving automation and AI to enable user-friendly banking applications providing seamless
digital banking experiences. The outlook for digital banking seems promising and technologically
advancing, due to the ongoing impact of Digital Banking Unit (DBU) and the exciting prospects of
integrating the metaverse with its vast potential. The 8th Edition of the BFSI CXO Masterclass (Formerly known as BFSI CTO
…
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Analytics, AI play big role in growth: Canara Bank CEO
K Satyanarayana Raju, MD & CEO of Canara Bank, says 8% to 11% of the bank’s incremental growth in areas like current and savings accounts, and housing and vehicle loans is coming through data analytics and AI/ML initiatives. This number, he says, can potentially rise to 20-25%.These technologies, Raju says, are enabling scientific lead generation, which in turn is allowing the bank’s employees to spend more time on converting people into customers. “In the traditional system, we spend 80% of time on lead generation – we interact with individual customers, find out what they require, we ask them for recommendations of friends and relatives who might need our services. And we spend…
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Hot Stocks | Bet on Kothari Products, Canara Bank for double-digit returns in short term
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The Nifty 50 dipped below the support level of 21,650, resulting in a decline towards 21,500, on January 3. The prevailing sentiment appears weak, highlighted by the index closing below the crucial support at 21,650.
If the index continues to drop below 21,500 over the next few days, it could potentially exacerbate the negative sentiment, especially with expectations of substantial unwinding by Put writers below 21,500.
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The broader market outlook suggests a…
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Analytics, AI play big role in growth: Canara Bank CEO – Times of India
Analytics, AI play big role in growth: Canara Bank CEO Times of India
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Canara Bank Q3 results: Net profit rises 27% to ₹3,656 crore, NII up 9.5% YoY; asset quality improves
Canara Bank on Wednesday reported a net profit of ₹3,656 crore for the third quarter of FY24, registering a growth of 26.87% from ₹2,881.5 crore in the same period last year.
The bank’s Net Interest Income (NII) during the December quarter rose 9.5% to ₹9,417 crore from ₹8,600 crore, YoY. Net interest margin (NIM) was improved by 9 bps to 3.02%, but was flat sequentially.
The bank’s loan growth in…
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Canara Bank’s new campaign battles rural cybercrime; reaches 489 bus stands nationwide
Canara Bank, a public sector bank, has taken a step towards addressing the rising cybercrime rates in Rural India with its ongoing initiative, ‘Be CyberSmart.’ The ‘Be Cyber Smart’ campaign has been launched across 489 bus stands across India. Fourteen jingles, scripted and recorded, play every 15 minutes on the Digital Passenger Information Systems (PIS) at the bus stations, reinforcing the importance of cybersecurity in a catchy and memorable manner.
R P Jaiswal, General Manager, Head Office, Canara Bank, said, “Canara Bank identified a disturbing increase in cybercrime cases. We observed there is a critical need for creating awareness and educating the public,…
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Source: https://mediabrief.com/canara-bank-be-cyber-smart-campaign/
Canara Bank may join Team Nifty Bank, inflows of $73 million expected – The Economic Times
Canara Bank may join Team Nifty Bank, inflows of $73 million expected The Economic Times
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Canara Bank stock split: Canara Bank board to consider stock split on February 26; stock rallies 5%
State lender Canara Bank’s Board of Directors will meet on February 26 to consider the proposal of sub-division or split of the equity shares of the bank, the company informed exchanges ahead of the market opening on Wednesday.The approval from the Company’s board on the stock split will be subject to prior approval of the Reserve Bank of India (RBI) and other statutory or regulatory approvals, the filing said further.Following the announcement, shares of Canara Bank jumped 5% and hit a fresh 52-week high of Rs 548 on the NSE. On Tuesday, the stock had closed with a positive bias. Also Read | DIIs’ ownership of Indian companies may soon overtake FII holdingsThe state-owned bank posted a…
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