Canara Bank to Frontload ECL Provisioning, Plans ₹8,000 cr Capital Raise

Kolkata: Canara Bank has decided to frontload the entire impact of expected credit loss (ECL) provisioning in the first two years of the new regime beginning April 1, 2027, even as the regulator has provided a four-year glide path, managing director Brajesh Singh told ET.

"We have decided to go for early provisioning when the new regime comes into force," Singh said.