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NCLT admits Canara Bank insolvency plea against Supreme Housing with Rs 567 crore dues at stake

NCLT admits Canara Bank insolvency plea against Supreme Housing with Rs 567 crore dues at stake

The National Company Law Tribunal has admitted Canara Bank’s insolvency petition against Supreme Housing and Hospitality. The real estate firm is reportedly in default of more than Rs 567 crore. The case comes after multiple settlement attempts failed and years of litigation left the dispute unresolved, paving the way for insolvency proceedings.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Canara Bank bets on core income after treasury losses cut profit by 10 percent

Canara Bank bets on core income after treasury losses cut profit by 10 percent

Canara Bank reported a 10% dip in net profit last quarter, driven mainly by treasury losses. The lender says it will lean on core income to protect net interest margins while funding stays healthy. Management expects advances to grow 11-12% and deposits 9-10% this year, with asset quality holding up through a low slippage ratio.

Summarised by Beize from a story on The Economic Times on 12 May 2026

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Canara Bank hikes MCLR by 5 bps effective May 12 raising EMIs for many borrowers now

Canara Bank hikes MCLR by 5 bps effective May 12 raising EMIs for many borrowers now

Canara Bank has increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all loan tenors, effective May 12, 2026. For borrowers with MCLR-linked loans, this means new interest charges that may translate into higher EMIs. In contrast, Bank of Baroda’s MCLR rates are unchanged.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Canara Bank shares jump after Q4 even as profit falls sharply year on year

Canara Bank shares jump after Q4 even as profit falls sharply year on year

Canara Bank shares rose more than 2% after its Q4FY26 results. Consolidated net profit fell to Rs 4,506 crore, down 10% year-on-year and 13% sequentially. The optimism came from net interest income increasing 4% to Rs 9,808 crore, offsetting the profit decline and prompting analyst commentary.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Canara Bank Q4 profit slips 10 percent as bond yield surge fuels treasury losses

Canara Bank Q4 profit slips 10 percent as bond yield surge fuels treasury losses

Canara Bank’s March-quarter net profit fell 10% to ₹4,506 crore, hurt by treasury losses linked to higher sovereign bond yields. Still, the bank’s asset quality improved, cushioning the downturn. For the full fiscal year, net profit grew 12.7% to ₹19,187 crore, showing stronger performance despite volatile markets.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Canara Bank Q4 Profit Slides 10% YoY as NII Rises to Rs 9808 crore

Canara Bank Q4 Profit Slides 10% YoY as NII Rises to Rs 9808 crore

Canara Bank’s Q4FY26 consolidated net profit fell 10% year-on-year to Rs 4,506 crore, even as net interest income rose 4% to Rs 9,808 crore. Sequentially, profit dropped 13% from the previous quarter. The market reacted sharply: the PSU lender’s shares slid about 7% after results, hitting an intraday low of Rs 130.50 on NSE.

Summarised by Beize from a story on The Economic Times on 11 May 2026

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Canara Bank puts Rs 509 crore Rajesh Exports loan up for bid as bankruptcy waits

Canara Bank puts Rs 509 crore Rajesh Exports loan up for bid as bankruptcy waits

Canara Bank has invited bids to sell a ₹509.37 crore loan extended to Rajesh Exports, treating it as distressed debt. The lender is moving ahead while it awaits a decision on its bankruptcy plea against the gold jewellery firm. If buyers step in, Canara Bank aims to recover dues tied to its exposure to the struggling business.

Summarised by Beize from a story on The Economic Times on 7 May 2026
Rs 7 crore gold loan fraud rocks Canara Bank in Jalna two arrested

Rs 7 crore gold loan fraud rocks Canara Bank in Jalna two arrested

A Rs 7.31 crore gold loan fraud has surfaced at a Canara Bank branch in Jalna, Maharashtra. Police say ornaments linked to gold loan accounts were stolen and replaced with counterfeit jewellery. Two people have been arrested so far, while the probe continues to check whether a wider network was involved beyond the suspects already taken into custody.

Summarised by Beize from a story on The Economic Times on 26 Apr 2026
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