Canara Bank

L V Prabhakar

MD & CEO, Canara Bank:

20%

ve uploaded. − We have a decent business growth in Q2 FY23, especially in credit size it is about 20% and deposits have grown by 9.82%, both above the industry average, and business has grown by 13.89

9.82%

t business growth in Q2 FY23, especially in credit size it is about 20% and deposits have grown by 9.82%, both above the industry average, and business has grown by 13.89%. In the last 12 months, we have

13.89%

t 20% and deposits have grown by 9.82%, both above the industry average, and business has grown by 13.89%. In the last 12 months, we have added about roughly 2.4 trillion balance sheet to the existing out

55%

double-digit growth. − Coming to the credit side, especially retail credit, RAM, which is about 55% and Corporate is 45%, as we have given the guidance that our credit portfolio will be 55% RAM, 45%

45%

. − Coming to the credit side, especially retail credit, RAM, which is about 55% and Corporate is 45%, as we have given the guidance that our credit portfolio will be 55% RAM, 45% Corporate, plus/minu

2%

s we have given the guidance that our credit portfolio will be 55% RAM, 45% Corporate, plus/minus 2%. So, we maintain a RAM percentage of 55%, and the RAM has grown by 16.4%, Retail has grown by 12.5

16.4%

M, 45% Corporate, plus/minus 2%. So, we maintain a RAM percentage of 55%, and the RAM has grown by 16.4%, Retail has grown by 12.52%, Agriculture about 22%, MSME about 13% and Corporate at 25%. Overall g

12.52%

2%. So, we maintain a RAM percentage of 55%, and the RAM has grown by 16.4%, Retail has grown by 12.52%, Agriculture about 22%, MSME about 13% and Corporate at 25%. Overall growth is at 20%. And, regard

22%

M percentage of 55%, and the RAM has grown by 16.4%, Retail has grown by 12.52%, Agriculture about 22%, MSME about 13% and Corporate at 25%. Overall growth is at 20%. And, regarding the recovery under

13%

55%, and the RAM has grown by 16.4%, Retail has grown by 12.52%, Agriculture about 22%, MSME about 13% and Corporate at 25%. Overall growth is at 20%. And, regarding the recovery under the present quar

25%

grown by 16.4%, Retail has grown by 12.52%, Agriculture about 22%, MSME about 13% and Corporate at 25%. Overall growth is at 20%. And, regarding the recovery under the present quarter, we have seen a v

1,876 crore

the present quarter, we have seen a very good recovery. In the sense, our cash recovery was about 1,876 crores plus a cash recovery of 1,205 crores in written off accounts. Getting recovery in written off acc

“Going forward, we are of the view that the growth momentum which we are observing, will continue, and we’ll be having a decent double-digit growth.”

“− Coming to the credit side, especially retail credit, RAM, which is about 55% and Corporate is 45%, as we have given the guidance that our credit portfolio will be 55% RAM, 45% Corporate, plus/minus 2%.”

“The Gross NPA has come down from 8.42 to 6.37, and going forward, we are hopeful that as we have given the guidance of 6%, we’ll be achieving that.”

“And, Net NPA has come down from 3.21% to 2.19%, and as we have given the guidance, the Net NPA will be less than 2% in a shorter period.”

“Expenditure we have controlled, and we have invested a good amount this time in IT and also in infrastructure, and going forward, this will give good dividends.”

“We are confident that there will be a decent double-digit growth which is more than 8%.”

“Now coming to the funds which we are raising for the annual lending, as we said, our target is to maintain RAM 55%, Corporate 45%.”

“This growth, we expect that during the current quarter, will continue.”

“And, going forward we of the view that, because of the liquidity situation in the market, the deposit rates are bound to rise.”

“So, we observe that during the current quarter, there will be good demand from corporates also.”

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 Q2 FY 2022-23 Earnings Conference Call/Analyst Meet − Moderator: − After the initial comments from the management, we’ll have the Q&A. Without any further delay, I’m handing over the mic to the MD. − Mr. L V Prabhakar – MD & CEO, Canara Bank: − Thanks a lot. First of all, let me convey my gratitude and thanks to all the analysts for participating in this session with the management. I would like to tell the highlights in brief, because other things we have already seen from the presentation which we have uploaded. − We have a decent business growth in Q2 FY23, especially in credit size it is about 20% and deposits have grown by 9.82%, both above the industry average, and business has grown by 13.89%. In the last 12 months, we have added