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We're Not Joining Rate War For Topline Growth
The New Indian Express Hubballi
|July 26, 2025
PUBLIC sector lender Canara Bank witnessed a stellar 22% growth in net profit in the first quarter of the financial year (2025-26).
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Amid falling net interest income (NII) and net interest margin (NIM), the bank remains focused on growing its loan book. In an interaction with Dipak Mondal of TNIE, MD and CEO of the bank – K Satyanarayana Raju – says the bank is not in the price war solely for top-line growth. Excerpts
Your interest income is down, and your net interest margin (NIM) seems to have come down sharply. What would you attribute that to?
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