Cash News
Canara Bank hopes to improve credit growth, NIM next fiscal
With early signs of improvement in the market sentiments and talks of a likely cut in the Cash Reserve Ratio (CRR), public sector lender Canara Bank is now hoping to get back to a Credit Deposit Ratio (CDR) of around 72 per cent from the present 69 per cent. This apart, the bank is anticipating a rise in net interest margin (NIM) to 2.9 per cent from the current 2.6 per cent next fiscal.
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