Thursday, Jun 20 2024 | Time 18:51 Hrs(IST)
Business Economy

Canara Bank profit jumps 18 pc to Rs 3,757 cr in Q4

New Delhi, May 8 (UNI) Public sector lender Canara Bank on Wednesday reported 18.34% year-on-year rise in standalone net profit at Rs 3,757.23 crore for January-March quarter (Q4) of financial year 2023-24.
The bank had posted a profit of Rs 3,174.74 crore in the Q1 of previous financial year 2022-23.
Canara Bank's net interest income grew 11.18% year-on-year to Rs 9,580 crore in the March quarter of 2023-24.
The Board of Directors of the bank has recommended a dividend of Rs 16.10 per equity share (161% of face value of Rs 10 per share) for the year ended on March 31, 2024 subject to requisite approvals.
Net Non-Performing Assets (NNPA) ratio of the bank reduced to 1.27% as at March 2024, down from 1.32% as at December 2023.
The bank's NNPA had stood at 1.73% in the Q4 of 2022-23.
Canara Bank had total branches of 9,604 as on March 2024, out of which 3,103 were rural, 2,751 semi urban, 1,907 urban and 1,843 metro along with 10,209 ATMs. The Bank is having four international branches in London, New York, Dubai and Gift City, Gujarat.
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Air India Express partners with Zoomcar to enhance travel experience

20 Jun 2024 | 6:37 PM

Hyderabad, June 20 (UNI) Air India Express on Thursday announced its partnership with Zoomcar, the recent NASDAQ-listed leading marketplace for car sharing in emerging markets, to elevate the travel experience for guests by offering them seamless access to self-drive car rentals for travel across multiple cities in India.

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Centre seeks public comments on Draft Guidelines for Unsolicited Business calls

20 Jun 2024 | 6:31 PM

New Delhi, June 20 (UNI) The Department of Consumer Affairs has sought public comments on Draft Guidelines for the Prevention and Regulation of “Unsolicited and Unwarranted” Business Communication, 2024.

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Sufficient wheat in stock to keep market prices under check: Centre

20 Jun 2024 | 6:26 PM

New Delhi, June 20 (UNI) The government on Thursday reviewed the stock position of wheat procurement and expressed confidence that stock was enough to undertake market interventions, if required, to ensure price stability.

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Kottayam-Kochi Rubber Market Rates

20 Jun 2024 | 5:50 PM

Kottayam, June 20 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal
RSS FOUR: 20300
RSS FIVE : 19900
RSS FOUR : 20300
RSS FIVE : 19900
RSS One : 18765
RSS Two : 18629
RSS Three: 18504
RSS Four : 18435
RSS Five : 18333
SMR TWENTY : 14416($172.80)
SIXTY PERCENT LATEX : 14092($168.90)

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Rupee ends record low at 83 62 versus USD

Rupee ends record low at 83 62 versus USD

20 Jun 2024 | 5:50 PM

Mumbai, Jun 20 (UNI) The Rupee on Thursday closed at a record low at 83.62, sliding 21 paise against USD on rising demand for US Dollar by bankers and importers, dealers at the Foreign Exchange said.

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