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Canara Bank
12 articles
Canara Bank faces multiple legal and regulatory headwinds, potentially impacting its operational efficiency and financial standing. The Reserve Bank of India levied a penalty of ₹1.49 lakh due to currency chest remittance irregularities, while the National Company Law Appellate Tribunal (NCLAT) has issued interim orders staying actions related to insolvency proceedings involving the bank and several appellants. Furthermore, the Supreme Court dismissed Canara Bank’s special leave petition, reinforcing previous court decisions. Despite these challenges, the bank revised its Marginal Cost of Funds Based Lending Rate (MCLR), with some rates decreasing slightly, suggesting a nuanced approach to lending amid ongoing legal complexities. Investors should monitor the resolution of these legal disputes and assess their potential long-term effect on Canara Bank’s profitability and risk profile.
Canara Bank Wins Substituted Service Order
Supreme Court heard petition (SLAP) 14989/2025 filed by Canara Bank against CBI, ACB, Bengaluru & others on 17 Aug 2026.
Court allowed application for substituted service on respondents 3 and 4, permi
Canara Bank Granted Stay on Branch Demolition
The Uttarakhand High Court ordered status‑quo protection for Canara Bank’s branch premises pending the bank’s representation.
The building housing the branch was partially acquired by the National Hig
Canara Bank Appeals Against Personal Guarantors
Canara Bank files three appeals at NCLAT against personal guarantors of Integrated Caps Pvt. Ltd.
Appeals target Surya Kant Kaipuria, Biren Sabhrawal, and Bubbles Sabhrawal as personal guarantors.
NCL
Ravindra Mogra vs Canara Bank NCLAT Adjournment
NCLAT adjourns Ravindra Mogra's insolvency appeal against Canara Bank to September 3, 2026.
Appellant's counsel informs tribunal of a pending One-Time Settlement proposal submitted to the bank.
The tr
Canara Bank Wins Police Action Order
Court orders Superintendent of Police to communicate police assistance cost within a week for implementing Feb 26, 2026 magistrate order.
Upon Canara Bank depositing police costs, police must set a po
Canara Bank Order: DM to Resolve Promptly
The High Court disposed WPA 20078 of 2026, directing the District Magistrate of Purba Barddhaman to decide the SARFAESI Act application expeditiously.
The petition, filed by Canara Bank and several in
Canara Bank Wins Court Order for Property Possession
The District Court disposed WPA 20065, directing the Commissioner of Police to inform Canara Bank of police assistance costs within a week.
After the bank pays police costs, police must set dates with
Canara Bank Urged to Resolve SARFAESI Petition
The writ petition (WPA 20060 of 2026) filed by Canara Bank sought speedy disposal of its SARFAESI Act application pending since Jan 6 2022.
The court directed the District Magistrate, Paschim Barddham
NCLAT Adjourns Canara Bank vs Rattanlndia Enterprises Appeal
NCLAT adjourns hearing of Canara Bank's insolvency appeal against Rattanlndia Enterprises to September 21, 2026.
The appeal involves a dispute between the nationalized bank and the corporate responden
NCLAT Adjourns Ravindra Mogra vs Canara Bank Insolvency Appeal
NCLAT adjourns insolvency appeal to allow Ravindra Mogra and Canara Bank to negotiate settlement of ₹81.6 crore debt.
Appellant's ₹10 crore settlement proposal rejected by Canara Bank as insufficient
Canara Bank Revises MCLR Rates Effective 12.08.2026
Canara Bank informs exchanges of a revision to its Marginal Cost of Funds Based Lending Rate (MCLR) effective from August 12, 2026.
The One Year MCLR increases by 5 basis points to 8.80% from the prev
Canara Bank Revises MCLR Rates Effective 12.06.2026
Canara Bank informs exchanges of a revision to its Marginal Cost of Funds Based Lending Rate (MCLR) effective from June 12, 2026.
The overnight MCLR increases to 7.90% from 7.95%, while the one-month