Canara Bank – Timeline Daily

Banks Take Money Illegally From Customers, Forge Consent For Centre’s Insurance Schemes: Report

26Mar

Business

Banks Take Money Illegally From Customers, Forge Consent For Centre’s Insurance Schemes: Report

In a recent report by Article 14, several leading banks in India have come under scrutiny for enrolling customers without their consent and knowledge in the central government’s life insurance schemes, leading to unauthorised debits from their accounts. The Article 14 report provides a deep dive ...

Canara Bank’s Equity Shares To Be Split Into Five

27Feb

Business

Canara Bank’s Equity Shares To Be Split Into Five

Canara Bank, announced the splitting of its equity shares. The decision was approved by the bank’s Board of Directors after the Board Meeting held on February 26, 2024. The split ratio is 1 :5; each equity share of the bank would now be split/subdivided into five, the bank said. In a disclosure a...

Ailing Jet Airways Founder Naresh Goyal Tells Court: “Lost Every Hope Of Life”

7Jan

Business

Ailing Jet Airways Founder Naresh Goyal Tells Court: “Lost Every Hope Of Life”

Jet Airways founder Naresh Goyal, who has been serving judicial custody at Arthur Road Jail, Mumbai, for alleged fraud of Rs. 538 crores at Canara Bank, broke down in tears while moving a bail application before a special court judge in Mumbai. The septuagenarian, with “folded hands,” said he had “l...

IDFC First Among Top 10 Listed Banks Now

5Sep

Business

IDFC First Among Top 10 Listed Banks Now

The IDFC First bank is now among the leading listed banks in India. It has surpassed the valuation of Union Bank of India and Canara bank, reported moneycontrol. IDFC shares kept up for the fourth trading session, hitting a high of 98.99, leading the list of banks, with a 67 percent strike this year...

Jet Airways Founder Naresh Goyal Arrested In Rs 538 Crore Bank Fraud

2Sep

India

Jet Airways Founder Naresh Goyal Arrested In Rs 538 Crore Bank Fraud

Jet Airways founder Naresh Goyal has been arrested by the Directorate of Enforcement (ED) in Rs 539 crore money laundering case. Mr Goyal was questioned extensively by the ED officials in Mumbai related to Rs 539 crore Canara Bank loan fraud. And the questioning eventually turned up into his arre...

UPI-Enabled Digital Rupee App: Canara Bank Leads The Way

24Aug

Business

UPI-Enabled Digital Rupee App: Canara Bank Leads The Way

Canara Bank has launched a UPI interoperable mobile app for digital rupee transactions incorporating the Reserve Bank of India's (RBI) Central Bank Digital Currency (CBDC) pilot project. This pioneering app, named Canara Digital Rupee, distinguishes Canara Bank as the first institution across both p...