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Canara Bank JHARKHAND IFSC Code Finder
Select District/City for Canara Bank Jharkhand IFSC Code
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Bank Related News
These 7 banking stocks can give more than 28% returns in 1 year, according to analysts
Apr 23, 2025, 05:59AM ISTWhen you look at the banking sector, it is not just about excel sheets. It is about the ability to differentiate between the white, black, and grey in terms of the businesses that banks finance. Today, a bank financing exporters faces more uncertainty than one giving loans to domestically-focused companies. But what happens to the latter if there is tariff-induced dumping by China? That is why the colour grey. Whom to lend to and whom not to. When to lend and when not to. That’s the dilemma faced by bankers. Banks with the ability to handle this dilemma will do well.
Market Wrap: D-Street rally continues for 6th day on RBI support; Sensex adds 187 pts, Nifty above 24,150
Apr 22, 2025, 03:44PM ISTIndia's benchmark indices extended their winning streak to six sessions on Tuesday, as liquidity-boosting measures by the Reserve Bank of India helped offset weak global sentiment stemming from U.S. President Donald Trump’s ongoing criticism of the Federal Reserve.
PSU banks zoom up to 23% in a month on RBI shift, growing focus on domestic themes. Time to invest?
Apr 17, 2025, 12:43PM ISTPSU banks have rebounded, delivering up to 23% returns in a month, driven by RBI’s rate cut stance and improving asset quality. Six out of the 12 stocks in the Nifty PSU Bank index have delivered double-digit returns — namely, Bank of India (BoI), Bank of Baroda (BoB), Indian Bank, Canara Bank, Punjab National Bank (PNB), and Union Bank of India.
Stocks to buy: Jio Financial, SBI Card and Canara Bank on investors' radar
Apr 17, 2025, 07:45AM ISTIndian stock indices closed higher for the third consecutive session, fueled by easing retail inflation and hopes for rate cuts. Viral Chheda of SSJ Finance and Securities suggests buying Jio Financial, SBI Card, and Canara Bank. He anticipates significant upside potential for these stocks over the next 10-12 months, providing specific entry points, stop losses, and target prices.
India may get heaven-sent relief just when Don created chaos
Apr 16, 2025, 01:41PM ISTIndia received a boost this week with the IMD predicting above-average monsoon rains for 2025, offering relief amid global trade uncertainty. The monsoon, crucial for crop irrigation, is expected to enhance agricultural output and lower food prices, easing inflation.
Rekha Jhunjhunwala inches up stake to 1.46% in Canara Bank, stock up 7% in 3 days
Apr 16, 2025, 12:42PM ISTCanara Bank shares rose 7% after Rekha Jhunjhunwala increased her stake to 1.46% in March 2025. As the sole holder of the late Rakesh Jhunjhunwala’s estate, she now controls significant stakes in 22 companies. LIC holds a 5.72% stake in Canara Bank, while FIIs hold a minimal portion.
Latest lending rates in April 2025: HDFC Bank, SBI, Bank of Baroda, Canara Bank, Bank of India
Apr 14, 2025, 05:35PM ISTIndian banks HDFC Bank, SBI, Bank of Baroda, and Canara Bank announce their latest MCLR rates. These rates impact home, auto, and personal loan interest. HDFC Bank reduces some MCLR tenures. Other banks like Bank of Baroda, Canara Bank, Bank of India, and SBI keep their MCLR rates steady.
Punjab National Bank (PNB) cuts FD interest rates on these tenures: Check details
Apr 11, 2025, 04:49PM ISTPunjab National Bank has revised its fixed deposit interest rates for amounts less than Rs 3 crore, following similar moves by other banks. The highest interest rate for general citizens is now 7.10% for a 390-day tenure.
Canara bank cuts FD rates by up to 20 bps: Check latest rates
Apr 10, 2025, 12:31PM ISTCanara Bank has announced a reduction in fixed deposit interest rates. The reduction is up to 20 basis points on specific tenures for deposits below Rs 3 crore. The new rates are effective from April 10, 2025.
Bank stocks fall up to 4% after RBI repo rate cut; gold loan NBFCs hit hard
Apr 09, 2025, 11:53AM ISTPublic sector banks were among the biggest losers, with Bank of India, Union Bank of India, Indian Bank, and Bank of Baroda dropping nearly 4%. Canara Bank, Punjab National Bank, and State Bank of India also saw declines between 1.5% and 2%.
Popular Banks IFSC Code
Difference Between Branch Code, IFSC Code and MICR Code
The branch code is a unique identifier that helps distinguish one branch of a bank from another within the same network. It is typically a combination of numbers or letters assigned to each branch to facilitate easy identification and communication within the banking system. This code is important for internal record-keeping, customer service, and other administrative purposes within the bank.
On the other hand, the IFSC (Indian Financial System Code) is a crucial code used for electronic fund transfers in India. It is an alphanumeric code that consists of 11 characters and is assigned by the Reserve Bank of India to each bank branch participating in the NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) systems. The IFSC code helps ensure accurate routing of funds between banks and branches, thereby minimizing errors and delays in transactions.
Additionally, the MICR (Magnetic Ink Character Recognition) code is a technology used for authenticating banks on documents like cheques. It consists of a unique combination of numbers and characters printed in magnetic ink at the bottom of cheques to facilitate automated processing.
The MICR code helps in identifying the bank and branch where the cheque is drawn, ensuring secure and efficient cheque processing.
In summary, while the branch code helps identify specific bank branches within a network, the IFSC code is essential for electronic fund transfers, and the MICR code plays a vital role in authenticating banks on cheques for efficient processing. Together, these codes play a crucial role in ensuring smooth and secure financial transactions within the banking system.
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