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The head office of Canara Bank in Bengaluru. Canara Bank on Thursday (July 24, 2025) reported a 21.69% year-on-year increase in first quarter (FY26) net profit at ₹4,752 crore, up from ₹3,905 crore in the corresponding quarter a year ago. The bank stated that a significant increase in non-interest income drove the growth. Bank’s Q1…
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The incident is reportedly from the Union Banks branch in Vastrapur, Ahmedabad. New Delhi: A video of a fight between a bank manager and a customer at a Union Bank in Ahmedabad has gone viral. Jaiman Rawal, the customer, was reportedly disappointed over the increased tax deduction on a fixed deposit. The argument between the…
Read More “Gujarat Man Beats Bank Manager Over Tax Deduction On Fixed Deposit” »
Canara HSBC Life Insurance Company is a joint venture company with a 51% stake owned by Canara Bank and a 26% stake held by the HSBC Insurance (Asia Pacific) Holdings and remaining 23% stake by Punjab National Bank. Canara Bank on Thursday (December 5, 2024) said it has got Reserve Bank of India’s (RBI) approval…
Both incidents prompted the banks to issue a clarification on the matter. Two videos have gone viral on X (formerly Twitter) where officers of Bandhan Bank and Canara Bank can be seen reprimanding their junior employees using foul language over failing to meet targets. The clips capture instances of verbal abuse, intimidation and demands for…
Read More “Canara, Bandhan Bank Officers Abuse Staff Over Targets, Banks React” »
The Reserve Bank of India (RBI) imposed a monetary penalty on State Bank of India and Canara Bank for regulatory violations, the central bank said in a press statement on Monday. The State Bank of India was fined Rs 2 crore for violations related to depositor education awareness funds and shareholding in a company exceeding…
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Naresh Goyal was taken into custody under the Prevention of Money Laundering Act (PMLA) New Delhi: Jet Airways founder Naresh Goyal has been arrested by the Enforcement Directorate (ED) in an alleged Rs 538 crore money laundering case linked to Canara Bank, sources said. Mr Goyal was taken into custody under the Prevention of Money…
Read More “Jet Airways Founder Naresh Goyal Arrested In Rs 538 Crore Alleged Bank Fraud Case” »