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.
State-owned lender sees sharp fall in treasury gains amid hardening bond yields; asset quality and retail loan growth remain strong
Canara Bank reported a standalone net profit of ₹4,505.57 crore, down 9.9 per cent from ₹5,002.66 crore in the year-ago period
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.
Thus far in the month of April, the Nifty PSU Bank index has outperformed the market by soaring 15 per cent, as compared to 9.6 per cent rise in the Nifty 50.