Corporate loan rejig underway to improve margins: Canara Bank MD & CEO

Raju says the bank expects to improve net interest margin (NIM) on completion of this corporate loan rejig

The robust credit demand is giving an opportunity to lend at better rates. Canara Bank is using this opportunity to reduce exposure to low-yielding loans booked when liquidity was in plenty. In a telephonic interview with Abhijit Lele, K Satyanarayana Raju, managing director (MD) and chief executive officer (CEO), says the bank expects to improve net interest margin (NIM) on completion of this corporate loan rejig. Edited excerpts:

NIM improved in the March 2024 quarter to 3.05 per cent from 2.95 per cent in the year-ago quarter. Yet you have actually guided for a lower NIM of 2.9 per cent for