Canara Bank532483Banking
Canara Bank delivered strong Q2 results beating expectations with improved margins and loan growth led by retail
By ScoutQuest · · 1 min read
- Cost to income ratio
- 47 percent
- Fresh slippages rise
- 3.5 percent
Heard on business television between 15:45:57 - 15:48:57 IST.
- Loan growth largely led by retail lending, particularly vehicle financing
- Term deposits drove deposit mix; stable yields and better cost management
- Cost to income ratio improved to about 47 percent
- Provisions declined both QoQ and YoY, supporting marginal improvement in return on assets
- CASA growth trailing FY27 guidance while fresh slippages rose about 3.5% sequentially
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