- United india insurance canara bank full#
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Ties up with Mahindra & Mahindra for tractor financing
United india insurance canara bank Pc#
Reduces interest rates by 2 pc for SSI loans Tops the recovery list of Non Performing Assets (NPA) among nationalised banks Canara Bank Regional Rural Banks witness 16 % growth for 2002-03 Strikes a structured deal with Central Board of Trustees (CBoT) to privately place its tier-2 bond issue for Rs 250 crore at 7.25 per cent Launches a floating rate deposit scheme (FRDS) for high networth individuals Issues Tier II Capital (Unsecured Redeemable Non-Convertible Subordinated Bonds) aggregating Rs 400 crore Aviva Life Insurance launches sale of its products through Canara Bank Ties up with Aviva Life Insurance Company to act as Corporate Agent for selling the Life Insurance products of AVIVA without risk participation
Launches a new credit scheme to encourage solar home lighting systems in Karnataka with assistance from the United Nations Environment Programme (UNEP)
United india insurance canara bank full#
SBI and Canara Bank tie up to kick off full fledged operations in Moscow Comes out with public issue of 110,000,000 equity shares of Rs 10 each at a premium of Rs 25 per share aggregating Rs 385 crore The facility in addition to Bangalore, Mumbai, Delhi, Kolkata & Chennai
Launches 'Anywhere Banking' facility in Hyderabad making it the fifth city in the country to have Returns 48 per cent (Rs 277.87 crore) of its capital of Rs 577.87 crore to Central Government Reduces its equity capital to Rs 300 crore Hands over dividend of Rs 80 crore to the Union Government Eight Regional Rural Banks (RRBs) sponsored by Canara Bank report total business of Rs 4,030 crore Slashes Prime Lending Rate to 11.5% from 11.75% Launches 3 ATMs at Nanganallur, Annanagar and Valmikinagar of Tamil Nadu Reduces interest rates on NRE and domestic term deposits Launches Laghu Udhyami Credit Card to give its small borrowers credit facilities
United india insurance canara bank iso#
Canbank Computer Services Ltd, a subsidiary of Canara Bank, awarded the revised ISO certification, ISO 9001:2000, by BVQI Drops plan to bring in a joint venture partner in its proposed credit card subsidiary Canara Bank has named RV Shastri as its new chairman and Managing Director. The Public Sector Canara Bank has entered into an arrangement with the Infrastructureĭevelopment Finance Company for financing core sector projects. Canbank Factors Ltd., a subsidiary of Canara Bank, has launched its export-factoringĪctivity and has appointed GE Capital International Finance, SPA as is import factor.Ģ001 - Canbank Factors Ltd., a subsidiary of Canara Bank, has opened its eighth branch in Canara Bank will introduce its voluntary retirement scheme on January 1, 2001. Opening an exchange house that will be managed by officers deputed by the bank. Canara Bank has entered into an agreement with the Al Mirza group in Oman for Roping in an overseas joint venture partner for its mutual fund subsidiary in the Canara Bank, the 100 per cent government-owned public sector bank will be In Bangalore, Mumbai, Delhi and Chennai and is likely to covert more branches Bangalore - based Canara Bank has set up four corporate service branches Increase the tier-II capital before september 30. The Bank came up with a vanilla bonds issue of Rs 300 crore to Respectively with effect from 10th August. To 12.25 per cent from 11.75 per cent and 12 per cent Public Sector Canara Bank has hiked prime lending rate and MTLR Provide loan to the Rs 6,500 crore joint venture Bharat Oman The Canara Bank and Bank of India have envinced interest to Offering 3-3.5 per cent interest on the deposits. Canara Bank has launched its gold deposit scheme in Bangalore, Then the Banking Companies(Acquisition and Transfer of Undertaking) Act, 1970 was passed and it was made effective retrospectively from 19th July 1969.Ģ000 - Canara Bank became the first public sector bank to join the This Act was declared null & void by the Supreme Court on the 10th of February 1970 and subsequently the Ordinance was promulgated.
This ordinance was replaced by the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1969. In terms of the ordinance the undertaking of the Canara Bank Ltd was vested to and The Bank was brought into existence by an ordinance passed on the 19th July 1969 by the Central Government.
The Bank is a Government of India undertaking, and carries on all banking business.