We expect to extend an additional Rs 18,000 crore- Rs. 20,000 crore of credit under the scheme. We have already identified eligible accounts, and the rollout will begin within the week, he said
Canara Bank shares gained despite mixed Q4FY26 results and lower FY27 NIM guidance. Analysts remain positive on credit growth but cautious on margin pressure.
Q4FY26 company results: Firms including Abbott India, JB Chemicals & Pharmaceuticals, Nuvama Wealth Management, and Shyam Metallics and Energy are also to release their January-March earnings today
The Cabinet approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to provide additional credit support to businesses facing liquidity stress due to the West Asia situation.
The RBI has issued final guidelines for transitioning to an Expected Credit Loss (ECL) framework, effective April 1, 2027, largely in line with the earlier draft.
Target price of Canara Bank share: Sumeet Bagadia of Choice Broking expects Canara Bank to find strong support around ₹125, its previous rounding bottom breakout level.
At 09:30 AM on Friday; Nifty PSU Bank index, the top gainer among sectoral indices, was up 3.4 per cent, as compared to 1.2 per cent rise in the Nifty 50.
Drumil Vithlani, technical analyst at Bonanza is bullish on Canara Bank, Union Bank of India and Bank of India, and expects up to 27 per cent upside on these 3 PSU Bank shares from here.
Since October 2025, Bank of India, Union Bank of India and Canara Bank have surged between 29 - 34 per cent. FPIs have increased stake in select PSU Banks by up to 3 per centage points.
Bank will integrate NBSL's bank plugins to host latest UPI features and upgrades on its app, aiming to improve security and scalability while lowering the cost of maintaining an independent interface