Canara Bank intends to sell its surplus priority sector loans this quarter to offset margin pressures caused by declining interest rates. In the first quarter of fiscal year 2025, the bank generated ₹1,248 crore in commission from these sales. Despite the sales, the bank’s priority sector debt remains at 45.6%, exceeding the regulatory requirement of 40%.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets