Canara Bank has reported highest ever loss in its history in 4QFY16 with its new management fully recognising impairment and ensuing provisioning impact of asset reclassification in compliance with AQR by the RBI. Moreover, it has also fully provided for UDAY bonds/SEB exposure and loan to Punjab Govt. This has led to sharp rise in slippages to Rs146bn in 4Q (at slippage ratio of 17.6%) v/s Rs54bn (6.7%) in 3Q & Rs247bn (7.5%) in FY16 v/s Rs109bn (3.6%) in FY15. Further, provisioning expanses grew 527% yoy & 343% qoq to Rs63.3bn as the Bank provided for all AQR cases with additional provisioning on UDAY bond and...