Canara Bank’s Ratings Affirmed with a Stable Outlook

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of India's Canara Bank at 'BB'. The Bank's severely impaired capital base, high non-performing loan (NPL) ratio, low coverage, weak earnings and ongoing elevated credit risks in some sectors in the country to which it has moderately high exposures are the major factors constraining the ratings.

Attachments

• View Credit Rating Announcement (CRA)
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• Bank Rating Report (India, Canara Bank)
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