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Muthoot Finance Ltd is an Indian financial corporation and the largest gold loan NBFC in the country. [4] In addition to financing gold loans, the company offers other forms of loans, insurance and money transfer services, and sells gold coins. The company is headquartered in Kochi, Kerala and operates over 5000 branches throughout the country.
Canara Bank established its international division in 1976. In 1983, Canara Bank opened its first overseas office, a branch in London. Two years later, Canara Bank established a subsidiary in Hong Kong, Indo Hong Kong International Finance. In 2008–2009, Canara Bank opened its third foreign operation, this one a branch in Shanghai.
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At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the government of India. It was headquartered in the university town of Manipal, India. On 1 April 2020, the bank was merged into Canara Bank.
Sovereign Gold Bond, abbreviated as SGB, is a government security issued by the Reserve Bank of India (RBI) on behalf of the Government of India. It is denominated in grams of gold and is linked to the price of gold in India. It is also an interest-bearing bonds, carrying an interest of 2.5% p.a. paid in two installments in a year. [1] [2]
On 30 August 2019, Finance Minister announced that Syndicate Bank would be merged with Canara Bank. The proposal would create the fourth largest PSB trailing SBI, PNB, BoB with assets of ₹ 15.20 lakh crore (US$180 billion) and 10,324 branches. [59] [54] The Board of Directors of Canara Bank approved the merger on 13 September 2019.
Capital One sued by US watchdog alleging bank cheated customers out of $2 billion. Finance. Benzinga. This analyst prefers Visa over Mastercard in 2025. Here's why. Food. Food. Cheapism.
It is sponsored by Canara Bank. Like other RRBs, Government of India holds the majority 50 percent shares, while the state government and Canara Bank holds 35 percent and 15 percent, respectively. As of 2013, KGB had 504 branches and a total net worth of ₹471.58 crore and deposits of ₹7,266 crore and advances of ₹7,761 crore, with a total ...