Canara Bank to improve asset quality further: chairman

State-run lender Canara Bank expects asset quality to improve by 20-30 basis points by March as it focuses on aggressive debt collections and better monitoring of performing accounts, a top official said. The No. 5 ranked state bank expects new bad loans to fall to about Rs 1,300 crore in the December quarter from Rs 2,800 crore in June, chairman and managing director R.K. Dubey told Reuters. It will recover and upgrade loan ...