Business »  Topic »  We plan to raise Rs 6,000-8,000 crore in FY21: Canara Bank MD, CEO LV Prabhakar

We plan to raise Rs 6,000-8,000 crore in FY21: Canara Bank MD, CEO LV Prabhakar


Given the demands of the Covid scenario and the possibility of a pick-up in loan growth, Canara Bank will seek board approval to raise up to Rs 8,000 crore in FY21, MD and CEO LV Prabhakar told FE’s Shritama Bose in an interview. The bank has 17% of its loan book under moratorium, he added. Edited excerpts:

What was the reason for the loss widening in Q4?
Before I answer that, I must draw your attention to the other parameters. We have also recovered from written-off accounts Rs 1,470 crore, which is nearly 13% higher. Apart from ...


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