Canara Bank sanctions ₹7,000 crore under ECLGS 5.0
pre-market1 source ↓written by the desknot a recommendation
- lending opportunity
- ₹20,000 crore
- and aims
- 68,000 MSME applications
- CASA ratio
- 31-32%
- in FY27
- 11-12%
Canara Bank has sanctioned over ₹7,000 crore in loans under ECLGS 5.0, identifying a total lending opportunity of ₹20,000 crore. The bank received 68,000 MSME applications and aims to raise its CASA ratio to 31-32%. Advances are expected to grow by 11-12% in FY27, with a focus on enhancing efficiency and customer experience.
Not investment advice. For informational purposes only.