NEWS & ADVICE : SAVINGS ACCOUNTS
Asset quality to improve says chairperson of Canara Bank
By Vaibhav Aggarwal
Dec 10, 2013
Print    Email    RSS   

Canara Bank, which is run by the state, anticipates that possession quality will enhance as of March by 20-30 basis points as it concentrates on forceful obligation accumulations and better following of performing records. He also included that within the period, it will upgrade and recover credit records of 40-50 billion rupees.

On a telephonic conversation from Bangalore, Dubey stated that he needs to gradually enhance the bank's stake quality. Regardless of the possibility that he lessen the basis point to 10 to 15, by December he is still against the business sector pattern The quarter which ended in September, the net profit of Canara Banks was basically even contrasted and a year prior.

In the previous quarter, the non-performing loans enhanced from 2.91 percent to 2.6. There are even plans in the pipeline of the bank that with the help of Tier-II bonds, to get around 25 billion rupees by March.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Savings account portability: How...
Carnival of Indian Personal Finance Blogs #6
Carnival of Indian Personal Finance Blogs #4
12 point conduct checklist for bank and...
Steps to file Income Tax return online


How to check my balance
should i chang rejister number
i have rtn number, branch ifsc code, account number...
Kya mera ATM card aaya hai
how to change the contact number from old to new
HOW TO GET CIF NUMBER OF SBBJ

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive