Gulf Times - Canara-Bank
India announces series of state-run bank mergers to strengthen lenders

India announces series of state-run bank mergers to strengthen lenders

India announced a series of mergers involving 10 state-owned banks on Friday, as it moves to strengthen a sector struggling under a mountain of debt and ensure stronger balance sheets to boost lending and revive economic growth.

India's Canara bank fined in UK for anti-money laundering breaches

India's Canara bank fined in UK for anti-money laundering breaches

Britain's markets regulator has fined the UK division of India's Canara Bank 896,100 pounds ($1.2 million) and blocked it from accepting new deposits for around five months for systemic anti-money laundering (AML) failures.

India's CBI charges former Canara Bank chief over loans

India's CBI charges former Canara Bank chief over loans

India has cracked down on shady loans in its mammoth state banking sector after a more than $2bn fraud was uncovered at state-run Punjab National Bank (PNB) earlier this year.

China’s Geely cars think big with Volvo makeover

China’s Geely cars think big with Volvo makeover

The Briton who smoothed out Volvo’s boxy lines and put signature radiator grilles on Lincolns for Ford is aiming to give China’s Geely range global appeal by ditching its utilitarian image.