Expect slippages in agriculture to reduce going ahead: Canara Bank

Canara Bank takes a knock this morning post a disappointing set as elevated slippages and stressed assets weigh.

In an interview to CNBC-TV18, Rakesh Sharma, MD & CEO of Canara Bank spoke about the results and gave his outlook for the bank.

Canara Bank's emphasis was more on retail deposits and current account and saving account (CASA) deposits, said Sharma.

He further said that the bank stopped taking bulk deposits. The cost of deposits declined to 5.83 percent versus 6.45 percent YoY, he added.