Canara Bank gains on unveiling UPI mobile app empower”

Canara Bank is currently trading at Rs. 282.05, up by 1.40 points or 0.50% from its previous closing of Rs. 280.65 on the BSE.

The scrip opened at Rs. 282.00 and has touched a high and low of Rs. 284.00 and Rs. 280.00 respectively. So far 1,77,000 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 305.00 on 08-Oct-2015 and a 52 week low of Rs. 156.20 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 284.00 and Rs. 267.10 respectively. The current market cap of the company is Rs. 15,312.35 crore.

The promoters holding in the company stood at 66.30%, while Institutions and Non-Institutions held 25.78% and 7.92% respectively.

Canara Bank, a leading nationalized bank, has unveiled a Unified Payment Interface (UPI) app named ‘empower’. The application works on NPCI (National Payments Corporation of India) platform and enables bank customers pay and collect using this single app. It also helps the customers create a virtual payment address to pay and collect money from anyone without disclosing their account related information, link their bank accounts across banks in a single app, transfer funds using mobile number, account number and IFSC and Adhaar number, know their account balance etc.

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.