Canara Bank Update by Epic Research

Canara Bank, a leading nationalized bank, is planning to sell around Rs 900 crore of bad loans to asset reconstruction companies (ARCs). The bank had already sold Rs 600 crore in the first quarter of the current fiscal and another Rs 1,300 crore in the fourth quarter last year. The bank’s gross NPA for the April-June quarter of the current fiscal stood at 2.67%, as compared to 2.91% in the same quarter of the previous year.



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Posted in: Indian Market Tips