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Canara bets on loan sale, stake deals to boost its margin play
Mint Mumbai
|July 28, 2025
State-owned Canara Bank plans to sell its excess priority sector loans in the ongoing quarter to compensate for the stress on margins due to moderation in interest rates.
During the quarter ended June, the bank earned ₹1,248 crore as commission by selling priority sector loans. Despite sale in the first quarter, total priority debt stands at 45.63% as against regulatory requirement of 40% of the total loan, Canara Bank MD and CEO K Satyanarayana Raju told PTI.
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