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State-owned lenders Union Bank and Canara Bank have announced plans to challenge a recent National Company Law Tribunal ruling concerning the Chandra case, signaling continued legal disputes over corporate debt or restructuring.
A court has cancelled the dismissal of a Canara Bank employee after 28 years of service, describing the termination as 'economic death'.
A gold loan fraud amounting to ₹7 crore has been uncovered at a Canara Bank branch in Maharashtra during a routine quarterly revaluation of gold loan packets, leading to two arrests.
Union Bank, Canara Bank, and LIC Housing Finance intend to challenge the National Company Law Tribunal’s recent approval of media executive Subhash Chandra’s insolvency resolution plan. The creditors argue that the proposed repayment terms do not adequately protect their financial interests.
Experts have provided stock recommendations for today, highlighting Bharat Electronics Ltd (BEL), Canara Bank, and TVS Motor Company as top picks.
Two women have successfully won cases against Canara Bank regarding irregular banking transactions. One woman was awarded Rs 1.72 lakh for a 'missing' deposit and 'fraudulent' withdrawals, while another received Rs 45,000 after the bank auto-debited Rs 53,464 on a Sunday to close her gold loan.
India's Supreme Court has reversed an order that had shielded a Canara Bank manager from dismissal, stating that "authority must be free" to act.
‘The proposed raise will strengthen its capital base and support future growth plans’