|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
State-run lender Canara Bank expects asset quality to improve by 20-30 basis points by March as it focuses on aggressive debt collections and better monitoring of performing accounts, a top official said.
The No. 5 ranked state bank expects new bad loans to fall to about 13 billion rupees in the December quarter from 28 billion rupees in June, Chairman and Managing Director R.K. Dubey told Reuters.
It will recover and upgrade loan accounts of 40-50 billion rupees in the period, he added.