Canara Bank CEO: Stable Margins, Strong Retail, Agri, MSME Loan Growth Ahead

• Canara Bank expects Net Interest Margins (NIMs) to remain stable at 2.45-2.50% if no further policy rate cuts occur, according to CEO Hardeep Singh Ahluwalia.
• The bank anticipates sustained healthy credit growth, primarily driven by its Retail, Agriculture, and MSME (RAM) portfolio, which grew by 18.70%.
• Retail lending is a key driver, with a 31.37% growth, including housing loans up over 17% and gold loans increasing by 30%.
• Corporate lending will remain cautious, focusing on disciplined pricing, while overall advances grew by 13.59% against a 10-11% guidance.
• The bank's market capitalization is ₹1,33,973.52 crore, and its shares have gained nearly 63% over the past year.

Why It Matters: Canara Bank projects stable NIMs and robust credit growth, fueled by strong retail, agriculture, and MSME segments.