May Sell Excess Priority Sector Loans in Q2: Canara Bank MD

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.

- PRESS TRUST OF INDIA

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 2025, the bank earned ₹1,248 crore as commission by selling priority sector loans.

Despite sale in the first quarter, the total priority debt stands at 45.63% against the regulatory requirement of 40% of the total loan, Canara Bank MD and CEO K Satyanarayana Raju told PTI.