BANGALORE – Canara Bank (NS:), a leading financial institution in India, has announced a strategic partnership with Kyndryl, the IT infrastructure services provider, to enhance its banking operations and customer service experience through advanced technology. This collaboration aims to elevate Canara Bank’s core banking functions by introducing a range of technological improvements.As part of the initiative, Canara Bank will implement a unified digital dashboard designed to provide better access to performance metrics, facilitating more informed decision-making. The bank is also set to employ cutting-edge tools for predictive maintenance, which are expected to minimize system…
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Category: Canara Bank
Canara Bank partners with Kyndryl to modernize its IT operations
IT infrastructure services provider Kyndryl announced on Thursday that it has engaged with Canara Bank, one of the largest public sector banks in India, to optimize the bank’s business services and operations and modernize its IT infrastructure. As Canara Bank’s trusted IT partner, Kyndryl will enhance the bank’s end-to-end IT operations and streamline service delivery across core banking, IT infrastructure, applications, and network operations.
Kyndryl separated from IBM in November 2021 to become a standalone business focused on managed infrastructure services. The company’s solution will provide Canara Bank with a comprehensive view of its business services, risk mitigation using…
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2 More Arrested In Canara Bank Gold Loan Fraud Case
Mandsaur (Madhya Pradesh): Malhargarh police arrested two more persons in connection with the gold loan fraud case at Canara Bank which dates back to 2020. Around 87 people cheated the bank by mortgaging fake gold to the bank. As per details, the main accused was identified as Rajesh Soni who was working as a bank manager, Canara Bank branch and used to assess the authenticity of gold as well as the valuation of the yellow metal. Senior police officials said that Soni used to arrange customers and certify fake gold as original.
On the basis of his report, the bank used to sanction gold loans to the customers. It was alleged that around 49 customers had pledged fake…
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Source: https://www.freepressjournal.in/amp/indore/mp-2-more-arrested-in-canara-bank-gold-loan-fraud-case
2 More Arrested In Canara Bank Gold Loan Fraud Case
Mandsaur (Madhya Pradesh): Malhargarh police arrested two more persons in connection with the gold loan fraud case at Canara Bank which dates back to 2020. Around 87 people cheated the bank by mortgaging fake gold to the bank. As per details, the main accused was identified as Rajesh Soni who was working as a bank manager, Canara Bank branch and used to assess the authenticity of gold as well as the valuation of the yellow metal. Senior police officials said that Soni used to arrange customers and certify fake gold as original.On the basis of his report, the bank used to sanction gold loans to the customers. It was alleged that around 49 customers had pledged fake gold and availed…
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Source: https://www.freepressjournal.in/indore/mp-2-more-arrested-in-canara-bank-gold-loan-fraud-case
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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Canara Bank’s Technology-Driven Growth Surge
Canara Bank Experiences Growth Surge Following Technology Adoption
In a significant development, Canara Bank is currently witnessing a substantial increase in its growth, attributed to the strategic adoption of data analytics and artificial intelligence/machine learning (AI/ML) technologies, as revealed by the bank’s Managing Director and CEO, K Satyanarayana Raju. The technology-driven transformation has resulted in an 8-11% incremental growth in key areas such as the bank’s current and savings accounts, housing, and vehicle loans, with a potential to escalate to 20-25%.
Technologies Enhancing Efficiency
The bank’s embrace of data analytics and AI/ML has remarkably altered the…
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Canara Bank Share Price Live blog for 17 Jan 2024 – MintGenie
Canara Bank Share Price Live blog for 17 Jan 2024 MintGenie
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Yes Bank, Canara Bank, HDFC Bank, ICICI: 4 Banks Have Revised Home Loan, Other Interest Rates In Jan 2024 – Goodreturns
Yes Bank, Canara Bank, HDFC Bank, ICICI: 4 Banks Have Revised Home Loan, Other Interest Rates In Jan 2024 Goodreturns
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Canara Bank closed today at
Canara Bank Stock Price TodayCanara Bank Share Price Today : On the last day, Canara Bank opened at ₹465.15 and closed at ₹462.1. The highest price reached during the day was ₹468.5, while the lowest was ₹462.4. The market capitalization of the bank is ₹84,474.98 crore. The 52-week high for the stock is ₹469.3, and the 52-week low is ₹268.85. The BSE volume for the day was 129,932 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Canara Bank fraud case: ED files chargesheet against Jet Airways founder Naresh Goyal, 5 others
Mumbai: The Enforcement Directorate (ED) on Tuesday filed a chargesheet against Jet Airways founder Naresh Goyal and five others in the alleged fraud of ₹538 crore at the Canara Bank.
Goyal was arrested by the ED on September 1 under the Prevention of Money Laundering Act (PMLA).
He is currently in judicial custody and lodged at the Arthur Road jail here.