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Economy News

The Economic Times

Economy / The Economic Times

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Canara Bank to frontload ECL provisioning, plans 8,000 cr capital raise

Canara Bank will frontload expected credit loss provisioning within two years. The bank revised its provisioning projections upward to 12-13,000 crore. This move will impact the capital adequacy ratio by sixty basis points. Canara Bank plans an 8,000 crore capital raise to cover this impact. The bank's gross advances grew eighteen percent year-on-year.

29 Jul 2026 12:44 am