Canara Bank aims Rs 6,000 crore recovery in October-March FY25

Canara Bank aims to recover INR 6,000 Cr in the second half of FY25, focusing on improving asset quality and reducing non-performing assets (NPAs). The bank’s recovery efforts are part of its broader strategy to strengthen its financial position and enhance profitability. Canara Bank is implementing various measures, including restructuring stressed assets, enhancing credit monitoring, and leveraging technology for better risk management. The bank’s recovery target reflects its commitment to maintaining a healthy balance sheet and supporting sustainable growth.