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VERIFIEDMint Industry·neutral
Canara Bank flags bond yield risk, bets on festive credit demand
AI Summary
- ·Canara Bank has flagged potential mark-to-market provisioning risk due to rising government bond yields.
- ·The ultimate impact of this risk is contingent on future market yields and the specific measurement date.
- ·The bank anticipates strong credit demand during the upcoming festive season.