canara bank

Karnataka today became the first state in the country to launch an e-payment system for commercial tax payers. Speaking at the launch, Reserve Bank of India Deputy Governor Shyamala Gopinath wanted such a system to be adopted by other states. The system enables dealers to remit their commercial taxes anytime, anywhere, without physically approaching an office of the Commercial Taxes Department (CTD). Full Article

Ninety-five officials from different government-controlled organisations and banks have come under the CVC scanner in October alone for alleged involvement in corrupt practices and action has been recommended against them. Of them, a highest 17 were Full Article

One Trillion US Dollar Required for Infrastructure Sector: FM Financial Sector Legislative Reforms Commission to be Set up to Clean up Financial Sector Laws: FM Full Article

The RBI permission makes Visa the only electronic card payments technology company in India to support over forty banks, including ICICI Bank, Canara Bank and HDFC Bank, to enable them to offer their cardholders the facility of receiving remittances Full Article

Canara Bank invites applications from the eligible/interested Individuals / Firms / Companies for empanelment as concurrent auditors for conducting concurrent audit in the identified 430 branches / units for the period from 01.10.2010 to 30.9.2011. Full Article

When you buy a house through a home loan, every EMI you pay towards servicing the loan increases your equity in the house. Once you payoff the loan in full, your equity in the house is 100 per cent. In reverse mortgage, exactly the opposite happens. When you pledge your house for reverse mortgage with a lending institution, your equity in your own house decreases with every disbursal that the lending institution makes to you. Full Article

Allahabad Bank, Kolkata, 1. M/s Venkat & Rangaa, Chennai, 2. M/s Sudit K. Parekh & Co., Mumbai, 3. M/s P.A. & Associates, Bhubaneswar, 4. M/s M. R. Narain & Co., Chennai Full Article

Allows inclusion of technical write-offs while calculating provision coverage ratio. In a relief to a large number of banks such as Canara Bank, the Reserve Bank of India (RBI) has allowed the lenders to include technical write-offs while increasing the provision coverage ratio (PCR) to 70 per cent. Full Article