5 Public sector banks are on the verge of being put under Prompt Corrective Action plan by Reserve Bank of India. According a news report in business standard, these banks include Canara Bank, Punjab National Bank, Union Bank of India, Punjab and Sidh Bank and Andhra Bank. Net NPAs of Read more…
There is a possibility that Canara Bank will acquire Vijaya Bank and Dena Bank as the Government wants to create a few big Banks instead of various small banks. According to sources, Vijaya Bank and Dena Bank will be merged first and a new entity will be formed. This new Read more…
A Pakistani hacker attacked Canara Bank’s website and tried to block the bank’s e-payment services. The hacker calls himself Faisal. Canara Bank has filed an FIR with Cyber Crime Department of the police and diverted the traffic from main server to standby server. No loss has been reported by the Read more…