Canara Bank removes minimum balance charges for all Savings Bank accounts, providing financial relief to customers starting ...

Canara Bank has announced a waiver on average monthly balance requirements for all savings accounts starting June 1, 2025.

In a customer-friendly move, the Canara Bank on Sunday officially scrapped the penalty for not maintaining a minimum balance ...

Canara Bank removes Average Monthly Balance requirement for savings accounts from June 2025, offering a penalty-free banking ...

Canara Bank is set to eliminate minimum balance requirements for all savings accounts starting June 1, 2025, benefiting a ...

Canara Bank, one of the India's leading public sector banks, in a landmark move, announced the complete waiver of the Average ...

Effective from June 1, 2025, this initiative provides for no penalty for minimum balance requirement across a wide variety of SB accounts. As a result, no SB customer of Canara Bank will face ...

However, while the bank's interest income rose to Rs 30,311.61 crore from Rs 28,038.83 crore a year earlier, its Net Interest Income (NII), which ... from Rs 6,805 crore in the same period last year.

Canara Bank posted a 33.19% year-on-year (YoY) increase in net profit to ₹5,004 crore for the March quarter of FY25, up from ₹3,757.23 crore a year ago. The Q4 saw the bank’s total interest ...