Canara Bank expects $2.5 billion inflows to cut costs
after close1 source ↓written by the desknot a recommendation
- in inflows
- $2.5 billion
- funding costs
- 20-25 bps
- and enhances
- 2.50-2.60%
- under ECLGS 5.0
- ₹110 billion
- disbursed already
- ₹100 billion
Canara Bank anticipates $2.5 billion in inflows from FCNR(B) deposits and ECB, aiming to reduce funding costs by 20-25 bps. This strategy supports its FY27 NIM guidance of 2.50-2.60% and enhances its liability franchise amid rising loan demand. The bank has sanctioned ₹110 billion under ECLGS 5.0, with nearly ₹100 billion disbursed already.
Not investment advice. For informational purposes only.