Earnings growth to sustain at 15-18%

Company
28 May 2024
5 Min read 
  • Canara Bank's loan growth to remain healthy, with a focus on high-yielding RAM asset books
  •  Management aims to increase the mix of CASA deposits and improve NIM
  •  Limited impact expected from RBI's draft circular on project finance loans
  •  Asset quality steadily improving, with recoveries and upgrades outpacing slippages
  •  Branch rationalization and digitalization to help contain cost ratios
  •  Reiterate BUY with a TP of INR140 for Canara Bank
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