Diabytes
Canara Bank News
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FD rates are applicable for deposits less than Rs 3 crore. Canara bank has made reduction in its FD rates which now range between 3.25-6.5 percent for general customers, and 3.25-7 percent for senior citizens.
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Which bank is offering lowest interest in June 2025? Here's a comparative interest rate analysis of 5 banks --SBI Vs HDFC Bank Vs Canara Bank Vs BoB Vs PNB.
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The rate cuts by the banks will be beneficial to new and existing home and vehicle borrowers.
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The Canara bank heist was reportedly carried during the long weekend between 23 and 25 May.
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In what will bring cheers to lakhs of Canara Bank customers, now there will be no need to maintain a minimum Average Monthly Balance in all savings accounts.
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Canara bank has reduced fixed deposit rates for general citizens and senior citizens effective from 19 May 2025.
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Several banks come up with special schemes from time to time to attract customers. One of the primary reasons these special schemes are appealing is the higher interest rates they offer to customers.
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Canara bank has reduced its Repo Linked Lending Rate (RLLR) by 25 basis points, following RBI's recent decision to slash key interest rates.
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Canara Bank's new FD rates are effective from 1 December 2024, according to the bank's official website.
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The net NPA ratio of the lender declined to 1.24 per cent from 1 1.57 per cent in Q1FY24.
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Senior employees of Bandhan Bank and Canara Bank are seen hurling abuses on the subordinates for not meeting their targets. Watch viral video.
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The maturity period of FDs is from 7 days to 10 years.
Here's the comparison of different FD rates.
The rates mentioned above are as of March 20.
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RBI has imposed Rs 2 crore penalty on SBI, Rs 66 lakh penalty on City Union Bank Limited, Rs 32.30 lakh penalty on Canara Bank and Rs 16 lakh penalty on Ocean Capital Market Ltd.
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As you know, changes in MCLR and RLLR have a direct impact on the loan rates. As a result, these adjustments alter the Equated Monthly Installments (EMIs) of borrowers.
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As on September 30, Canara Bank’s gross non performing assets (GNPA) and net NPA stood at Rs 43,955.59 crore (Rs 52,485.14 crore) and Rs 12,554 crore (Rs 17,286.13 crore), respectively. The capital adequacy ratio stood at 16.20 per cent as at September 2023.
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Lenders have increased their interest rates on FDs to woo investors and depositors. Recently, RBI kept the repo rate unchanged, encouraging banks to hike interest rates. The following banks are now offering hike interest rates for senior citizens.
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Canara Bank also added that existing borrowers of the Bank shall have an option to switch over to interest rates linked to MCLR other than Fixed Rate Loans.
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