Canara Bank, a financial creditor, filed an application against Kranthi Edifice Pvt Ltd before NCLT, Hyderabad, under Section 7 of the IBC for defaults in repayment of an overdraft facility and bank guarantees.

Source: https://www.thehindubusinessline.com/business-laws/default-sparks-insolvency-proceedings/article66928596.ece

Canara Bank posted total income of Rs 31,774.04 crore in the fourth quarter of FY23, up 29.6 per cent from Rs 24,518.42 crore during Q4FY22.

Source: https://www.financialexpress.com/industry/canara-bank-q4fy23-profit-up-64-on-year-at-rs-3233-crore-dividend-announced/3078772/

With regard to Capital Adequacy Ratio, BoM has the highest CAR of 18.14 per cent among PSBs followed by Punjab & Sind Bank at 17.10 per cent and Canara Bank at 16.68 per cent as on March 31, 2023.

Source: https://www.dailyexcelsior.com/bank-of-maharashtra-top-performer-in-npa-management-during-fy23/