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Canara Bank says Rajesh Exports exposure poses no risks, recoveries underway
MD and CEO Brajesh Kumar Singh said Canara Bank is comfortably placed on its Rajesh Exports exposure, with provisions and recoveries limiting the risk of any material financial impact.
RBI Imposes Penalty On Canara Bank
A Canara Bank branch in Trivandrum, Kerala.
RBI fines Canara Bank for violations related to KYC, inactive accounts
The Reserve Bank of India has taken action against Canara Bank, slapping a substantial Rs 41.8 lakh fine for failing to comply with Know Your Customer regulations and for errors in account classification. In a related case, Puran Associates Pvt Ltd has received a Rs 3.1 lakh penalty related to asset classification concerns.
Rajesh Exports Timeline: Inside SEBI's Rs 15-Lakh-Crore Revenue Case
Alongside SEBI's allegations of large-scale financial misrepresentation, lender Canara Bank has initiated debt recovery proceedings.
HDFC Bank, Canara Bank to PNB: These Bank Nifty majors remain in red even as index rebounds 1%; SBI, IDFC First lead - Mint
HDFC Bank, Canara Bank to PNB: These Bank Nifty majors remain in red even as index rebounds 1%; SBI, IDFC First leadMint
LIC-Held, Canara Bank-Backed Rajesh Exports Faces Insolvency Petition Amid SEBI Revenue Fraud Probe — Five Things To Know
Perhaps the most striking figure from SEBI's entire findings was that Rajesh Exports misrepresented Rs 15.15 lakh crore, representing 99.8% of its revenues from subsidiaries between FY21 to FY25.
Stock Alert: APSEZ, Infosys, Dhanuka Agritech, Concord Biotech, Mufin Green Finance, Canara Bank
Adani Ports & Special Economic Zone (APSEZ) handled cargo volumes of 48.3 million metric tonnes (MMT) in May, marking a 16% year-on-year increase, driven by strong growth across key ports and cargo segments. However, the company's logistics business witnessed a decline, with rail volumes falling 19% year-on-year to 48,170 TEUs during the month.
Stocks to Watch, June 3: Alkem Labs, Dhanuka Agritech, Paytm, Canara Bank
Stocks to Watch today, June 3: Infosys, Alkem Labs, Paytm among others in focus; here's why
Stocks to watch: Vedanta, Canara Bank, Adani Ports among 10 shares in focus today; check list here - Mint
Stocks to watch: Vedanta, Canara Bank, Adani Ports among 10 shares in focus today; check list hereMint
Stocks in news: Alkem Labs, Vedanta, Canara Bank, NHPC, Adani Ports
Markets closed higher on weekly expiry day despite volatility, with Nifty showing signs of recovery but facing resistance around 23,800-24,000. Key stocks like Alkem Labs, Vedanta, Canara Bank, NHPC, and Adani Ports are in focus due to significant corporate developments including block deals, ED visits, capital raising plans, oversubscribed OFS, and strong cargo volumes.
Stocks To Watch Today: Infosys, Vedanta, NHPC, Canara Bank, PFC
Shares of Delhivery will also catch investors' attention.
Stocks to Watch for June 3: Canara Bank, Adani Ports, John Cockerill, Concord Biotech and more
Adani Ports cargo up 15%, rail volumes down 19 percent, Canara Bank to raise ₹8500 crore via bonds, Concord Biotech gets US FDA nod, Dhanuka Agritech starts buyback. Here are few stocks to track ahead of Wednesday trading session.