Canara Bank reported sequential growth in PAT led by healthy growth in operating income along with decline in provisioning expenses. Operating income grew by 6.3% qoq and 13.8% yoy led by the higher treasury and net interest income. Provisioning expenses declined 10.8% qoq led by 25.5% qoq decline in NPA provision. The bank provided Rs9.8bn for NPA provision in 2Q v/s Rs13.1bn in 1QFY16 due to moderation in fresh slippages. Total slippages stood at Rs22bn (slippage ratio of 2.7%) v/s Rs25.2bn (slippage ratio of 3.1%) in 1QFY16, primarily due to lower slippages from Agri & mid corporate segment. Sequential improvement...