Wilful defaulters borrowing Rs 25 lakh and above owed more than Rs 15,490 crore to PNB as of May end, up 2 per cent from the preceding month.
State-owned Canara Bank today said it will raise up to Rs 7,000 crore through various means, including rights issue and qualified institutional placement (QIPs).
FCA imposed a fine of 896,100 pounds (about Rs 8 cr) on the London branch of Canara Bank and also stopped it from accepting deposits for nearly 5 months.
Britain’s markets regulator has fined the UK division of Canara Bank $1.2 million and blocked it from accepting new deposits for systemic AML failures.
The broader NSE Nifty was down 0.47 percent at 10,633 as of 0721 GMT (1251 IST), while the benchmark BSE Sensex was 0.49 percent lower at 35,977.89.
Canara Bank reported a net loss of Rs 4,859.77 crore for the last quarter of 2017-18 due to increased provisioning for bad loans.
Key corporate earnings and factors such as movement of crude oil and rupee are likely to drive the domestic stock market this week, say experts.
Currency supply to ATMs and branches has improved but cash crunch still persists in the system which would be normalised soon, bank officials said.
Canara Bank said it has called off the divestment process of its entire stake in the housing finance company Can Fin Homes.
Shares in Canara Bank tumbled more than 5% after the country’s federal police filed charges against a former chairman and others over allegations.
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TOI & ET REPORTS