Primus Reports
Canara Bank Q2 net profit rises 43%, NPAs decline
27-Oct-2023
Shravan Shetty, Managing Director, Primus Partners, shares his views on Canara Banks' net profit rise of 43% for Q2 of FY24. He states that the ongoing growth is fueled by retail credit. Canara Bank's presence in rural and semi-urban India has contributed to stronger consumption than its private peers. However, both MSME and corporate lending sectors remain weaker due to a lack of investor confidence owing to the muted growth rate of India. Additionally, exports, a key driver, did not meet the expected growth due to global concerns. Read Now!
Explore Related Insights
- Xavier Institute of Management, Bhubaneswar to host the annual conclaves from November 7th to November 22th, 2020
- National Broadcasting Policy: Stakeholders in gaming seek clarity on regulations
- Frontier Markets’ Largest Women Empowerment Programme ‘She-Leads Bharat’ to Invest in 1MN Rural Women and 100MN Households of India
- Don't Get Stuck In The Slow Lane: Why You Need Motor Insurance In Tier 2 & 3 Cities