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VERIFIEDET Finance·positive

Canara Bank has Rs 47000 crore corporate loan pipeline

AI Summary
  • ·Canara Bank has a corporate loan pipeline of Rs 47,000 crore due to increasing demand from Indian companies.
  • ·The bank anticipates credit growth to exceed 19% year-on-year in the next quarter.
  • ·Canara Bank expects to maintain a return on assets above 1% despite future provisioning needs.
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