Topic: Canara Bank
Banks sanction loans worth over Rs 1.5 lakh crore under ECLGS for MSME
The finance ministry declared, Public and Private Sector Banks have disbursed loans over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME...
RBI approves Mega Bank Consolidation Plan
The Reserve Bank of India is to implement a merger plan of 10 state-run banks into 4 larger banks from April 1, 2020. The Amalgamation of the banks...
Cabinet Approval: Mega Consolidation of Public Sector Banks
On March 4, 2020, the Union Cabinet chaired by Narendra Modi had approved mega consolidation of 10 Public Sector Banks. Highlights The mega merger is to come into...
MD & CEO of BOI, Canara, and BOB Appointed
As per an order issued on Monday, 20th January 2020 by the Ministry of Personnel, Sanjiv Chadha, who was serving as the Deputy Managing Director in the State...TN Manoharan heads Committee on Secondary Markets
The 6-member RBI task force, headed by Canara Bank Chairman TN Manoharan, has recommended the setting up a Self-Regulatory Body (SRB) of market participants to finalize details for...Merger of Public Sector Banks
The government has unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders. Proposed Merger Punjab National...Merger of the 10 Public Sector Banks
In a slew of measures announced by the Finance Minister of India, Nirmala Sitharaman on 30th August, 2019, to take the country out of economic doldrums, one particular...T N Manoharan RBI committee for secondary market in corporate loans
The Reserve Bank of India (RBI) has constituted a six-member task force, headed by Canara Bank chairman T.N. Manoharan, on the development of secondary market for corporate loans....PNB ranked first among public sector banks in implementation of reforms agenda
The BCG-IBA report titled ‘EASE Reforms for Public Sector Banks’ has measured the performance of each Public Sector Bank (PSB) on 140 objective metrics across six themes, including...
