Canara Bank bets on core income after treasury losses cut profit by 10 percent

Treasury losses hit profits as margins face pressure

Canara Bank reported a 10% dip in net profit last quarter, driven mainly by treasury losses. The lender says it will lean on core income to protect net interest margins while funding stays healthy. Management expects advances to grow 11-12% and deposits 9-10% this year, with asset quality holding up through a low slippage ratio.