Executive Directors Appointed in PSBs 2025 including Canara Bank, Union Bank, PNB, and Indian Bank. Learn about tenure, key roles, FSIB recommendations, and exam-relevant banking updates. Government appoints new Executive Directors in multiple banks — Strengthening PSU banking leadership Strategic appointment of five new Executive Directors (EDs) The Government of India has appointed five new…
Canara Bank Removes Minimum Balance Rule for All Savings Accounts Introduction In a significant move aimed at enhancing customer convenience and promoting financial inclusion, Canara Bank has announced the removal of the Average Monthly Balance (AMB) requirement across all its savings bank accounts, effective from June 1, 2025. This policy change applies to all types…
🏦 Canara Bank Abolishes Minimum Balance Requirement for All Savings Accounts Effective June 1, 2025, Canara Bank has eliminated the Average Monthly Balance (AMB) requirement across all its savings accounts, including regular, salary, and NRI accounts. 📌 Key Highlights 🔍 Why This News Is Important ✅ Promoting Financial Inclusion By removing the AMB requirement, Canara…
Tata Power and Canara Bank Join Forces for Rooftop Solar Loans Introduction: A Strategic Partnership for Green Energy In a significant development for India’s renewable energy sector, Tata Power and Canara Bank have announced a strategic partnership to offer rooftop solar loans to consumers. This collaboration aims to provide affordable financing options for individuals and…
Canara Bank Aims for ₹60,000 Crore Recovery in H2 FY25 Introduction to Canara Bank’s Recovery TargetCanara Bank, one of India’s largest public sector banks, has set an ambitious target to recover ₹60,000 crore in the second half of the fiscal year 2024-25 (H2 FY25). This strategic initiative is part of the bank’s broader objective to…
Moody’s Maintains Stable Outlook on Three Indian PSU Banks’ Ratings Moody’s, a globally renowned credit rating agency, has recently affirmed the stable outlook on the ratings of three prominent Indian Public Sector Undertaking (PSU) banks. This decision reflects the agency’s confidence in the resilience and stability of these banks despite the challenging economic environment. The…
SINE, IIT Bombay, and Canara Bank Forge Partnership for Startup Financing In a significant stride towards fostering entrepreneurship and innovation, SINE (Society for Innovation and Entrepreneurship), the business incubator of IIT Bombay, has joined hands with Canara Bank to facilitate startup financing. This strategic partnership aims to provide crucial financial support to budding entrepreneurs, thereby…
Canara Bank Launches Healthcare Loans and Savings Accounts for Women Canara Bank, one of the leading public sector banks in India, has recently announced the launch of specialized financial products tailored to meet the healthcare needs of women. This strategic move aims to empower women by providing them with easy access to funds for medical…
Canara Bank CGM P. Santhosh Appointed as MD of NARCL The banking sector in India witnesses a significant change as P. Santhosh, the Chief General Manager (CGM) of Canara Bank, has been appointed as the Managing Director (MD) of the National Asset Reconstruction Company Limited (NARCL). This transformative appointment comes at a crucial juncture, where…
Canara Bank Pioneers UPI-Interoperable Digital Rupee Mobile App for CBDC Transactions The Indian banking sector has witnessed a groundbreaking development as Canara Bank takes a bold step towards digital innovation by introducing a UPI-interoperable Digital Rupee mobile app for Central Bank Digital Currency (CBDC) transactions. This initiative is poised to revolutionize digital banking and payments…
