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VERIFIEDET Finance·neutral
Canara Bank chief says core income to support stability after profit decline on treasury losses
AI Summary
- ·Canara Bank's net profit declined by 10% last quarter due to treasury losses.
- ·The bank anticipates advances to grow between 11-12% and deposits between 9-10% this year.
- ·Asset quality is reported to be strong with a low slippage ratio.