Business

Canara Bank issues bonds from London branch to raise up to USD 400 million

State owned Canara Bank Friday said it has launched a bond issuance programme through its London branch to raise up to USD 400 million (about Rs 2,750 crore).

"Canara Bank launched an issuance of 5-year senior unsecured bonds (Medium Term Notes) to the extent of USD 400 million under Medium Term Note (MTN) programme, through its London branch on 21st March 2019 value date 28th March 2019,' the bank said in a regulatory filing.

ADB cuts India's GDP growth forecast to seven per cent for FY20

Asian Development Bank on weekday lowered India's GDP growth forecast to seven per cent for the present year on the rear of financial inadequacy issue...

Sensex drops over a hundred points; affirmative Bank plunges over ten per cent

Domestic equity benchmark BSE Sensex born over a hundred points in early trade on Thursday light-emitting diode by significant sales event in affirmat...

Allahabad bank reports Rs 688.27 large integer fraud

Allahabad Bank on Wednesday according a fraud of Rs 688.27 large integer by a Ludhiana-based textile company.A few days back the bank had according a ...

Government extends 15th Finance Commission's term

The government on Wednesday extended the 15th Finance Commission's term by a month till November 30, and broadened the ambit of its recommendation to ...