canara bank (citi) 4Q11 Results: Declining Margins, Higher Credit Costs

4Q11 profits up 79% YoY on lower base; 8% below our estimates; P&L: Margins and credit costs key drags; Balance sheet: High asset growth but funding and quality challenges remain; Tough balance ahead
Date Rating Target Price Recommendation Price Broker house
8 May 2011 sell 585 551 citi Report

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