BUZZ — India's Canara Bank drops on higher credit loss provisioning, gold lending competition

* Shares of India's Canara Bank fall 5.7% to 117.65 rupees * Stock on course for biggest intraday percentage loss since March 30 * Emkay Global says management highlights intense competition in gold lending as key concern despite strong Q2 results * Says management estimates expected credit loss provisioning requirement between 120 billion rupees ($1.26 billion) and 150 billion rupees, up by 30 billion rupees due to higher bond yields and potential one-time mark-to-market impact * JM Financial says credit cost is significantly below guidance at 0.47% against guidance of 0.75% * Says management expects limited near-term revenue from online payments services as customer adoption remains slow, while transaction-related costs remain elevated * Stock down 23.97% YTD ($1 = 94.9875 Indian rupees) (Reporting by Anushka Rajvedi in Bengaluru) ((mailto: anushka.rajvedi@thomsonreuters.com)