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Canara Bank Q3 results: Reports consolidated net profit of Rs 739 crore
NEW DELHI: State-owned Canara Bank on Wednesday reported consolidated net profit of Rs 739.20 crore in the third quarter ended December of the current fiscal. It had earned a net profit of Rs 406.43 crore during the same period a year ago. However, the profit of Q3FY21 is not comparable year-on-year as the latest figures are of the amalgamated entity after the merger of Syndicate Bank into Canara Bank. The amalgamation came into effect from April 1, 2020. The bank's total income (consolidated) during October-December period of 2020-21 rose to Rs 24,490.63 crore from Rs 15,531.80 crore, Canara Bank said in a regulatory filing. "Figures of December 31, 2019, and March 31, 2020, are related to standalone Canara Bank financials to pre-amalgamated period, hence, not comparable with post amalgamation financials of September 30, 2020 and December 31, 2020," the bank said. On asset front, the gross non-performing assets (NPAs) of the bank fell to 7.48 per cent of the gross advances as of … [Read more...] about Canara Bank Q3 results: Reports consolidated net profit of Rs 739 crore
ED arrests Yes Bank co-founder Rana Kapoor in fresh money laundering case
For the transfer of these properties, it had said, two separate sale agreements were prepared on June 26, 2017 and the sale value for both the commercial properties was shown as ₹34.36 crore. "In the sale agreements, the purchase amount was shown to be paid by 37 cheques by Viva Holding to Mack Star Marketing Pvt Ltd. Investigation has revealed that these cheques were never encashed in the account of Mack Star and Viva Holding never made payments for the purchase of the said property to Mack Star," the ED alleged. It said the Wadhawans had "illegally transferred" these properties to Viva Group in violation of the article of association of Mack Star. "Viva Holding never showed these properties in its balance sheets," it had said. … [Read more...] about ED arrests Yes Bank co-founder Rana Kapoor in fresh money laundering case
North Korean hacker group poses ‘serious threat to the banking sector,’ security firm says
The global cyber firm said in a Thursday blog post that the Lazarus Group is a danger to the banking sector after it carried out a series of "FASTCash" attacks, including targeting ATMs in dozens of countries since at least 2016. … [Read more...] about North Korean hacker group poses ‘serious threat to the banking sector,’ security firm says
China launches sci-data bank to boost achievement sharing
BEIJING, Jan. 27 (Xinhua) -- Computer Network Information Center (CNIC) under the Chinese Academy of Sciences (CAS) on Wednesday launched services of a sci-data bank to boost global information sharing and cooperation. … [Read more...] about China launches sci-data bank to boost achievement sharing
