Canara Bank532483Banking
Canara Bank stock fell nearly 6% after yesterday's gains, on disclosure of extra ECL provisioning of 10,000-15,000 crore and agri exposure concerns
By ScoutQuest · · 1 min read
- Stock move today
- down 6 percent
- Extra ECL provisioning impact
- 10,000 to 15,000 crore rupees
Heard on business television between 15:22:58 - 15:25:58 IST.
- Stock rose 6-7% yesterday on NIM expansion but fell nearly 6% today after concall disclosures
- Bank disclosed extra ECL provisioning impact of 10,000 to 15,000 crore, not earlier factored in
- Agri exposure risk flagged again due to drought declarations in Maharashtra, Andhra Pradesh and Karnataka
- Analyst said NIM expansion/contraction cycle is largely behind, but other income from treasury could remain under pressure next quarter
- Overall numbers seen as not too negative except for agri exposure concern
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Source: Live TV News Channel · 15 Oct 2026
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