Tag
Canara Bank
13 articles
Canara Bank is navigating a complex legal landscape while also adjusting lending rates in response to market conditions. The Supreme Court is actively reviewing several petitions related to the bank, including those concerning labor union appeals and borrower disputes, with hearings adjourned and delays condoned, ultimately resulting in settlements and property releases. Simultaneously, Canara Bank increased its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenors, with the one-year rate rising five basis points to 8.80%, reflecting broader interest rate trends and potentially impacting borrowing costs for consumers and businesses. These developments highlight the bank's ongoing efforts to resolve legacy legal issues and adapt to evolving monetary policy.
NCLAT Adjourns Vasan Construction Liquidation Appeals
NCLAT Chennai adjourns two appeals by Bank of India and Canara Bank against Vasan Construction's liquidator.
Appellant's counsel informs tribunal of a change in the appointed liquidator for the corpor
NCLAT Chennai Lists Canara Bank Appeals
NCLAT Chennai lists two appeals filed against Canara Bank for hearing on 8th October 2026.
Appellants Madhusudan Khemka and R. Sundaresh are challenging orders involving the bank.
The Tribunal directe
NCLAT Adjourns Canara Bank Insolvency Appeals Hearing
NCLAT Chennai adjourns three interconnected insolvency appeals against Canara Bank to October 6, 2026.
The Tribunal grants respondents 30 minutes for arguments and extends interim relief until next he
NCLAT Schedules VAS Infrastructure Insolvency Appeals Hearing
NCLAT lists four interconnected appeals related to VAS Infrastructure Ltd.'s insolvency for final hearing on October 9, 2026.
All respondents consented to not file replies to the appeals and agreed to
NCLAT Lists Madhusudan Khemka, R. Sundaresh Appeals
NCLAT Chennai lists two appeals filed by individuals Madhusudan Khemka and R. Sundaresh against Canara Bank for hearing on 8 October 2026.
The Tribunal directs that any existing interim orders in thes
Canara Bank Q2 Provisional Business Up 15.8%
Canara Bank reports provisional Q2 FY2027 business figures showing 15.83% YoY global business growth.
Global deposits grew 13.13% YoY to ₹16.97 lakh crore while global advances increased 19.35% YoY to
Canara Bank Q2 Global Business Up 5.7%
Canara Bank reports provisional Q2 FY2027 global business growth of 5.71% to ₹30.71 lakh crore, subject to audit review.
Domestic deposits grew 5.05% to ₹15.48 lakh crore while domestic advances incre
Canara Bank Q2 Provisional Business Up 16-19% YoY
Canara Bank reports provisional Q2 FY2027 business figures showing strong double-digit YoY growth across key metrics.
Global Advances grew 19.35% YoY to ₹13.74 lakh crore while Global Deposits increas
HC Orders DRT Action on Canara Bank
The High Court of Odisha disposed the writ petition at admission, directing Kataka DRT to rule on interim applications within two weeks.
Krishna Kumar Ray approached the DRT (SA No.180/2025) and filed
Canara Bank Securitisation Hearing Deferred to 4 pm
Petitioner Vaibhav Patil filed Securitisation Application No.1679/2026 before DRT‑III, but it was not listed before scheduled possession on 30 Sep 2026.
High Court observed that granting circulation a
NCLAT Adjourns Canara Bank Insolvency Appeals to October 6
NCLAT Chennai adjourns three interconnected insolvency appeals filed against Canara Bank to October 6, 2026.
The Appellate Tribunal continues an existing interim order until the next hearing date.
Res
Canara Bank Exercises ₹1500 Crore AT1 Bond Call Option
Canara Bank exercises call option on its 8.40% coupon Basel III AT1 bond (ISIN: INE476A08126) issued in October 2021.
RBI granted approval for the call option on September 15, 2026, with October 8, 20
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