Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) on Friday imposed a penalty of Rs 41.80 lakh on Canara Bank for not complying with certain provisions of directions issued by the central bank on ‘Know Your Customer (KYC)’ and ‘Unclaimed Deposits and Inoperative Accounts in banks’.An inspection of Canara Bank carried out by the RBI revealed that the bank did not upload KYC records of certain customers onto the Central KYC Records Registry (CKYCR) within the prescribed timeline. Canara Bank a…
Latest Canara Bank News & Updates
New Delhi, June 2 (IANS) State-owned Canara Bank has approved a plan to raise up to Rs 8,500 crore through debt instruments during FY27 as the lender looks to strengthen its capital base and support future business growth.In an exchange filing, the public-sector bank said its board had approved raising up to Rs 4,500 crore through Basel III-compliant Additional Tier I (AT1) bonds and up to Rs 4,000 crore through Basel III-compliant Tier II bonds.The fundraising will be carried out during FY27, s…
New Delhi, May 28 (IANS) Union Education Minister Dharmendra Pradhan on Thursday chaired a high-level review meeting at the Central Board of Secondary Education (CBSE) headquarters in New Delhi to review issues related to the evaluation and post-result processes of Class 12 examinations. During the meeting, the Minister directed officials to take all necessary measures to resolve the issues faced by students in a timely, transparent, and amicable manner, according to a statement from the Ministr…
New Delhi, May 28 (IANS) Student organisation Krantikari Yuva Sangathan (KYS) on Thursday condemned what it described as technical failures and evaluation-related discrepancies in the On-Screen Marking (OSM) evaluation system introduced by the CBSE this year.In a statement issued by KYS Delhi State Committee Member Bhim Kumar, the organisation demanded an independent and transparent investigation into the CBSE’s evaluation crisis.Meanwhile, Union Education Minister Dharmendra Pradhan chaired a h…
New Delhi, May 28 (IANS) Amid the controversy surrounding the CBSE’s On-Screen Marking (OSM) system, Union Education Minister Dharmendra Pradhan on Thursday assured that strict action would be taken if any deliberate negligence or wrongdoing was found in the process. He also criticised the Leader of Opposition in the Lok Sabha, Rahul Gandhi, saying the Congress leader was acting out of frustration following repeated electoral defeats. Speaking to reporters in Delhi, Pradhan said the Central Bo…
New Delhi, May 24 (IANS) Union Education Minister Dharmendra Pradhan on Sunday spoke with the Union Finance Minister Nirmala Sitharaman in view of the payment-related issues being faced by students during the Central Board of Secondary Education (CBSE) post-result and re-evaluation process and both agreed to involve State Bank of India (SBI) and three other Public Sector Banks (PSBs) to weed out glitches. During the discussion, it was decided that four PSBs — SBI, Bank of Baroda, Canara Bank an…
New Delhi, May 24 (IANS) In response to widespread technical and payment-related issues faced by students during the CBSE post-result and re-evaluation process, Union Education Minister Dharmendra Pradhan on Sunday held discussions with Union Finance and Corporate Affairs Minister Nirmala Sitharaman to address the concerns and improve the system.Following the meeting, it was decided that four major public sector banks — State Bank of India, Bank of Baroda, Canara Bank and Indian Bank — will ex…
Mumbai, May 11 (IANS) A Special CBI Court in Maharashtra’s Kolhapur on Monday sentenced a man to three years’ Rigorous Imprisonment (RI) for conniving with bank officials and taking a “second” new car loan of Rs 5 lakh for a vehicle he already possessed, an official said. Yasin K Shaikh was sentenced to Rigorous Imprisonment (RI) along with a fine of Rs 14,000 in a bank fraud case.The Central Bureau of Investigation (CBI) registered the case on December 29, 2011, based on a complaint…
Panaji, May 8 (IANS) The ED seized Rs 67.50 lakh in cash, incriminating documents, including property sale deeds, and digital devices during searches at six premises in Goa in connection with an over Rs 17 crore bank loan fraud, an official said on Friday. The Directorate of Enforcement (ED), Panaji Zonal Office, conducted search operations at the premises under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with a bank fraud case involving Crown Mineral …
New Delhi, April 18 (IANS) The Supreme Court has enhanced the monthly maintenance payable to a woman from Rs 15,000 to Rs 25,000, holding that a husband’s financial commitments, such as loan repayments for asset creation, cannot take precedence over his statutory obligation to maintain his spouse. A bench of Justices Sanjay Karol and AG Masih passed the order while allowing an appeal filed by Deepa Joshi against her estranged husband, Gaurav Joshi, challenging the adequacy of maintenance fixed…