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Canara Bank Posts A Loss As Provisions Surge Threefold In March Quarter

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Canara Bank Share Price Today

Gold Silver Reports (GSR) – Canara Bank Posts A Loss As Provisions Surge Threefold In March Quarter — Asset quality deteriorated as gross bad loans rose to 11.84 percent of total assets afrom 10.38 percent in the previous quarter. Ratio of net non-performing assets increased to 7.48 percent from 6.78 percent on a sequential basis.

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Union Bank Of India Slumps After Asset Quality Worsens In Q4

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Gold Silver Reports (GSR) – Union Bank Of India Slumps After Asset Quality Worsens In Q4 – Shares of the Mumbai-based public-sector lender fell as much as 4.97 percent to Rs 83.20 after it reported a loss for the third straight quarter as asset quality deteriorated and provisions against bad loans surged.       

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Fortis Healthcare Falls After Board Backs Munjal-Burman Offer

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Gold Silver Reports (GSR) – Fortis Healthcare Falls After Board Backs Munjal-Burman Offer – Shares of the country’s second largest hospital chain operator fell as much as 3.2 percent to Rs 148 after its board said it will recommend the offer proposed by the Munjal and the Burman family offices for the healthcare chain’s hospital and diagnostics businesses.                          

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