Page 2 of JP Morgan

Canara Bank revised its one-time expected-credit-loss provision estimate to ₹12,000–15,000 crore, citing higher bond yields and potential mark-to-market losses. CEO Brajesh Kumar Singh said strong capital, a 95.34% provision coverage ratio and annual profits of ₹12,000–13,000 crore would make the charge manageable, potentially spread over five years.