Canara Bank, a leading nationalized bank, is planning to sell around Rs
900 crore of bad loans to asset reconstruction companies (ARCs). The
bank had already sold Rs 600 crore in the first quarter of the current
fiscal and another Rs 1,300 crore in the fourth quarter last year. The
bank’s gross NPA for the April-June quarter of the current fiscal stood
at 2.67%, as compared to 2.91% in the same quarter of the previous year. Real Time News & Trading Trends Keep Liking Epic Research Private Limited
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