VERIFIEDET Markets·12 May 2026positive

Canara Bank sees NIM floor at 2.5%, confident of absorbing ECL hit without fresh equity

AI Summary

·Canara Bank expects its Net Interest Margin (NIM) to be at a floor of 2.5%.
·The bank is confident in absorbing the ECL provisioning impact without requiring fresh equity.
·Deposit growth is projected to continue at a healthy pace, with operating profits expected to grow substantially.