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The Hindu
The Hindu
National
Special Correspondent

Canara Bank’s gold loan disbursals cross ₹1 lakh crore

Canara Bank Gold Bengaluru

Canara Bank on Saturday said its gold loan outstanding crossed ₹1 lakh crore as on June 30, 2022.

During the current fiscal year so far, the bank’s gold loan grew 26.19% as compared with the corresponding period previous year. This was possible because of the contribution from 435 Canara Bank Gold Loan Plaza Branches, the bank said in a statement.

Canara Bank further said it was expecting tremendous demand for disbursements under gold loan in the short to medium term.

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