Banking News
Read the full story
Source: Economic Times
Economic Times
Source
Banking Sector
Category
4 min
Read time
28 Jul
Published
Banking Sector
4 min read· Economic TimesCanara 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 adva…
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 adva
#CANARA
Source: Economic Times