Canara Bank

L.V. Prabhakar

MD & CEO, Canara Bank Ltd:

rs,

tunity to attract all the clients and to show a decent credit growth so that in the coming 3 quarters, the credit growth which is significant in Q1 will give many advantages to the ratios in the coming

55%

rdingly, we worked strategically and we focused on RAM, we focused on Corporate. RAM, as we said, 55% plus or minus 2%, and Corporate 45% plus or minus 2% we’ll be maintaining. In Q1 we maintained a R

2%

d strategically and we focused on RAM, we focused on Corporate. RAM, as we said, 55% plus or minus 2%, and Corporate 45% plus or minus 2% we’ll be maintaining. In Q1 we maintained a RAM of 56% and a C

45%

d we focused on RAM, we focused on Corporate. RAM, as we said, 55% plus or minus 2%, and Corporate 45% plus or minus 2% we’ll be maintaining. In Q1 we maintained a RAM of 56% and a Corporate of 44%. Gr

56%

or minus 2%, and Corporate 45% plus or minus 2% we’ll be maintaining. In Q1 we maintained a RAM of 56% and a Corporate of 44%. Growth credit we have grown by 14.4%. Corporate 14%. RAM 14.85%. And, we a

44%

ate 45% plus or minus 2% we’ll be maintaining. In Q1 we maintained a RAM of 56% and a Corporate of 44%. Growth credit we have grown by 14.4%. Corporate 14%. RAM 14.85%. And, we are of the opinion that

14.4%

intaining. In Q1 we maintained a RAM of 56% and a Corporate of 44%. Growth credit we have grown by 14.4%. Corporate 14%. RAM 14.85%. And, we are of the opinion that we want to continue this good growth j

14%

we maintained a RAM of 56% and a Corporate of 44%. Growth credit we have grown by 14.4%. Corporate 14%. RAM 14.85%. And, we are of the opinion that we want to continue this good growth journey on the a

14.85%

ined a RAM of 56% and a Corporate of 44%. Growth credit we have grown by 14.4%. Corporate 14%. RAM 14.85%. And, we are of the opinion that we want to continue this good growth journey on the asset side in

152 bps

s, we are very conscious about the ratios of GNPA and Net NPA. GNPA compared to YoY was reduced by 152 bps, and now it stands at sub 7 i.e. 6.98. Net NPA, it was reduced by 98 bps YoY and it now stands at

98 bps

ed to YoY was reduced by 152 bps, and now it stands at sub 7 i.e. 6.98. Net NPA, it was reduced by 98 bps YoY and it now stands at 2.48. In Q2, we are working to bring these Gross NPA and Net NPA figures

25%

on Non-Interest Income and also Interest Income. Non-Interest Income has shown a decent growth of 25%, and out of this, again, we have concentrated on fee-based income also which has also shown a dec

“So, whatever interest increase is there, that advantage Canara Bank will be getting in Q2.”

“And, we have also ensured that whatever additional exposures we are taking, majority of the exposures will be under A and above category, because of which we have observed that 78% of the rated accounts are above A and above category, which used to be 69%.”

“Our target was 15%, we have achieved 20%, and now the amount is 6,606 crores.”

“With the controlled provisions Net Profit we have crossed the benchmark of 2,000 crores, and we are confident and we’ll work towards a direction to sustain this 2,000 crores figure going forward, and YoY there’s a growth of 71%.”

“Apart from this, Capital, inspite of growing at 14.4% in credit, we still maintain a CRAR of 14.91 and our endeavour will be in Q2 we’ll be crossing 15% CRAR.”

“Q1 is so good and your promising statement that you want to grow 15% of the Operating Profit, that means it could be around 7,600-7,800 in the next quarter, which gives further confidence.”

“And going forward, we expect that there can be another 5-8% slippages in the existing portfolio, which will be within the overall projections of what we have given, that the slippages will be maximum 15,000 crores for the whole year.”

“Of course, you are growing very well and you have a target of, I think, 45% on the corporate book.”

“Prabhakar - MD & CEO, Canara Bank Ltd:  See, as I said, our credit growth will be spread over under various sectors.”

“And this going forward also, we will maintain a balanced growth in all the sectors.”

Management

1

Management

Mr. L V Prabhakar Managing Director & Chief Executive Officer, Canara Bank Mr. Debashish Mukherjee Executive Director, Canara Bank Mr. K Satyanarayana Raju Executive Director, Canara Bank Mr. Brij Mohan Sharma Executive Director, Canara Bank Canara Bank Q1 FY2022-23 Earnings Conference Call/Analyst Meet  Moderator:  Shri. L.V. Prabhakar - MD & CEO, Shri. Debashish Mukherjee – ED, Shri. K. Satyanarayana Raju – ED, Shri. Brij Mohan Sharma – ED. Without further ado, I will handover the call to Mr. Prabhakar for his opening remarks, post which we will open the floor for Q&A. Over to you sir.  Mr. L.V. Prabhakar - MD & CEO, Canara Bank Ltd:  Very good afternoon and my sincere thanks to all the investors for the support they are giving us. And, regarding the Q1 FY23 results of Canara Bank, we have concentrated on 4 verticals. Let me tell you the internal thing. First one is, in Q1 generally the credit growth will not be so impressive. So, what we thought is, in Q1, we have to take the op