Page-3 of Canara Bank

Cricketer Shikhar Dhawan: Canara Bank’s Brand ambassador

The public sector lender, Canara Bank announced cricketer Shikhar Dhawan as its brand ambassador. Objective: To gear up for the next phase of banking with a special focus on the country’s youth. Canara Bank is not the first public sector ..


Canara Bank got license to open a branch in New York

To expand its global presence, the Canara Bank received a license from the US regulators to open a branch in New York. As stated by the Chairman and Managing Director of Canara Bank, R. K. Dubey, the Board of Governors ..


RBI proposes new capital rules for D-SIBs (banks too-big-to-fail)

To safeguard the financial system from any possible crisis situation where large financial institutions faltered due to loss of confidence in the financial system, the Reserve Bank of India (RBI) released the draft report to introduce increased capital requirements by ..


Charge for SMS alerts on actual usage basis: RBI to banks

The RBI, in its  Second Quarter Review of Monetary Policy 2013-14, asked banks to charge customers for transaction SMS alerts on the basis of usage, instead of imposing a fixed fee, to ensure equity and be reasonable. In March 2011, ..


Current Affairs: Top Headlines September 6, 2013

Iran to set free Indian tanker after 24 days of detention Iran ordered release of an Indian tanker detained by it for the past 24 days at its Bandar Abbas port after being seized in Persian Gulf while carrying crude ..



Government rejects Fitch ratings

Lashing out at global rating agencies for reducing credit outlook of Indian banks, the government held these bodies are fully capitalized and there is nothing to worry about them. Finance Minister Pranab ruled out the Fitch revision enunciating that the ..