Canara Bank to grant Rs 50,000 crore corporate loans

Time of India

11-05-2025

Canara Bank
has created a ₹50,000-55,000 crore corporate loan pipeline which would be disbursed over the next few months and help the state-owned lender raise its stake with India Inc, said managing director K Satyanarayana Raju.
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He told ET that the bank is aiming to increase its corporate lending by 10% while the guidance for credit growth in this financial year is pegged at 10-11%. The size of its corporate book stood at ₹4.63 lakh crore at the end of March, contributing about 43% to the total gross loan portfolio of ₹10.7 lakh crore.
The bulk of the sanctioned corporate loans are in the manufacturing, infrastructure, real estate and green energy sectors, Raju said. "These loans would be disbursed in the next few months," he said. Of the total loan pipeline, about ₹25,000-28,000 crore was sanctioned before April while the balance amount has been sanctioned in principle and the bank is in the process of evaluating it.
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On the liability side, Raju said that the bank is aiming to mobilise recurring deposits and has set a target of raising ₹600-750 crore as the first instalment by the end of this month.
This will ensure a regular flow of funds for the next one year. Bulk deposits contribute one-fourth of the bank's total deposits while the share of low-cost current and savings accounts (CASA) deposits stood at 31.17% at the end of March, against a guidance of 33%.
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The bank has revised the CASA guidance for 2025-26 downwards to 32%. In comparison,
Indian Bank
had CASA ratio of 40.17% at the end of March while
Bank of Maharashtra
had 53.28%. "We don't want to cross the 25% level for bulk deposits," Raju said, adding that banks cannot ignore bulk deposits and no one wants to compromise credit growth.
Deposits above ₹3 crore in a single account are classified as bulk deposits. Banks pay a little more interest on bulk deposits than on retail deposits.
Canara Bank is planning to open 250 branches this fiscal to add to its existing network of 9,849 branches to expand its business. It will decide on the annual borrowing plan at its next board meeting.