Despite tough scenario, Canara Bank has delivered an inspiring performance on key asset quality parameters in 3QFY17. Slippages dipped to Rs22.3bn in 3QFY17 vs. Rs24.5bn & Rs38.8bn in 2QFY17 & in 1QFY17, respectively. Total gross NPAs and standard restructured loan declined to 13.6% of loan vs. 13.9% in 1QFY17. Further, its PCR improved to 52.5% in 3QFY17 from 50.8% in 1QFY17. However, its operating profit dipped by 7.4% qoq to Rs19.8bn, while PAT declined by 9.8% qoq to Rs3.2bn. Subdued performing on operating front is attributable to reversal of Rs2bn of interest income on SDR loans due to change in income recognition guidelines by the RBI. As...