Consolidation good for creating healthier banks: Mahajan
By Vaibhav Aggarwal
Print    Email    RSS   

AC Mahajan, chairman and managing director of Canara bank said that consolidation of banks was good since it would lead to creation of healthier banks.

He said, "It will be a good advantage."

Regarding bank's performance, Mahajan said that the net worth as on September 2009 was Rs. 13,500 crore as against 12000 crore on March. He said that the net worth would further increase by Rs. 1000-1500 crore by March 2010.

The CMD revealed that the bank had achieved 100 percent Basel II norm stipulations. He said that the bank was in a comfortable position with Capital Adequacy Ratio at 14.46 as against the mandated 9 percent.

In context of core banking service, he said that out of the total 2,860 branches, about 1540 offered such services. "All branches will have CBS by this year end," he added.

He said that the insurance products were also doing well. He pointed out that the bank had collected Rs 500 crore as premium this year and had a target of Rs. 800 crore.

Canara bank has expressed desire to acquire Dena bank. Dena, Andhra and Corporation banks are the most sought after banks for acquisition targets.

(Comments Posted : 7) Post Your Comments
1. We Facilitate Bank instruments SBLC for Lease and Purchase. Whether you are a new startup, medium or large establishment that needs a financial solution to fund/get your project off the ground or business looking for extra capital to expand your operation,our company renders credible and trusted bank guarantee provider who are willing to fund and give financing solutions that suits your specific business needs.

We help you secure and issue sblc and bank guarantee for your trade, projects and investment from top AA rated world Banks like HSBC, Barclays, Dutch Ing Bank, Llyods e.t.c because that is the best and safest strategy for our clients.e.t.c


1. Instrument: Funds backed Bank Guarantee(BG)

2. Currency : USD/EURO

3. Age of Issue: Fresh Cut

4. Term: One year and One day

5. Contract Amount: United State Dollars/Euros (Buyers Face Value)

6. Price : Buy:32%+1, Lease: 4%+2

7. Subsequent tranches: To be mutually agreed between both parties

8. Issuing Bank: Top RATED world banks like HSBC, Barclays, ING Dutch Bank, Llyods e.t.c

9. Delivery Term: Pre advise MT799 first. Followed By SWIFT MT760

10. Payment Term: MT799 & Settlement via MT103

11. Hard Copy: By Bank Bonded Courier

Interested Agents,Brokers, Investors and Individual proposing international project funding should contact us for directives.We will be glad to share our working procedures with you upon request.

Name: Muhammed Emir Harun

Contact Mail

Muhammed Emir Harun (Posted: Jun 3, 2018)
2. Hello Sir/Ma

I work as Financial Consultant for my clients..Am direct mandate to an Active, Reliable and Capable provider of bank instruments,such as fresh cut BG, SBLC, MTN and LC which are specifically for lease/purchase, our Bank instruments can be engage in PPP Trading, Discounting, Signature Project(s) such as Aviation, Agriculture, Petroleum , Telecommunication, Construction of dams, Bridges, Real Estate and all kind of projects.

Right now we currently have options for lease/Collateral for Loan and we can deliver instruments strictly with our terms and procedure only.

Best Regards

Martin Steffens
Martin Steffens (Posted: May 12, 2018)
3. We are direct providers of fresh cut bg, sblc, mtn, bonds and cds which we have specifically for lease. we do not have any broker chain in this offer or get involved in chauffer driven offers. you are at liberty to engage our leased instruments into trade programs as well as in other project(s) such as aviation, agriculture, petroleum, telecommunication, construction of dams, bridges and any other project(s) etc you can use these bank instruments for private placement platforms, commercial loan, business loans, credit lines and much more.

For further details contact us with the below information....

Contact : Mr. Wong Man
Skype ID: reliablemandate
Wong Man (Posted: Jun 26, 2016)
Show All Comments
 Select a product:

 Select a product:

Winning in Emerging Markets by Tarun...
Personal loan EMI calculator from RupeeTimes
Glittering Ways of Investing in Gold
Manage your loans, avoid recovery agents
Loans to assist people with bad credit scores

bring back your lost lover in 2 days guarantee call...
NO. 1 LOST LOVE SPELL CASTER..+27736844586 DR...
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive