Introduction: Canara Bank Share Fraud of Rs 500 Crores
Stock Market Banks Public Sector Canara Bank Share – In today’s news, a case of fraud involving Rs 500 crores has been registered with a company. In this article, we will discuss the functioning of the company, its current position in the stock market, information about the returns, and the detailed information about the fraud.
Canara Bank: A Brief Overview
The Canara Bank was started in July 1906 in Mangalore, Karnataka by Shri Ammambal Subba Rao Pai. Over the years, it has become a major bank in India. The company provides services in Personal Banking, Corporate Banking, NR Banking, and SME Sector.
Current Status of Canara Bank Share
The Canara Bank Share company has a Market Cap of 59,748.38 Crores. The Promoter Holding of the company is 62.93%, Dividend Yield is 3.65%, Profit Growth is 86.74%, ROE is 17.14%, and ROCE is 15.05%.
Return Information for Last 5 Years
In the last 6 months, Canara Bank Share company has given a 5% return. In the last 1 year, it has given a 33% return. In the last 3 years, the return has been 47%. And in the last 5 years, the company has given a return of 4%.
500 Crore Fraud Case
According to the information received, Canara Bank has filed a complaint with the police regarding a fraud of Rs 500 crores. The case has been registered against Jet Airways founder Mr. Naresh Goyal and his wife Anita Goyal. Mr. Naresh Goyal had taken a loan of 838 crores from Canara Bank, out of which he has committed a fraud of 538 crores.
Please note that the purpose of this news is to provide information only. We do not advise investing in the stock market. The stock market is subject to risk, so it is recommended to take expert opinion before investing.
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