CANBKNSE26 October 2023

Canara Bank

3,909words
1turns
0analyst exchanges
0executives
Key numbers — 40 extracted
10.30%
en by Digital Financial Results: Q2 (FY 2023-24) Page 1 Performance Highlights Operating Profit 10.30% y-o-y 7,616 Net Profit 42.81% y-o-y 3,606 Global Business 10.12% y-o-y 21,56,181 Gross Advances
42.81%
: Q2 (FY 2023-24) Page 1 Performance Highlights Operating Profit 10.30% y-o-y 7,616 Net Profit 42.81% y-o-y 3,606 Global Business 10.12% y-o-y 21,56,181 Gross Advances 12.11% y-o-y 9,23,966 Net Inte
10.12%
ce Highlights Operating Profit 10.30% y-o-y 7,616 Net Profit 42.81% y-o-y 3,606 Global Business 10.12% y-o-y 21,56,181 Gross Advances 12.11% y-o-y 9,23,966 Net Interest Income 19.76% y-o-y 8,903 PCR
12.11%
y-o-y 7,616 Net Profit 42.81% y-o-y 3,606 Global Business 10.12% y-o-y 21,56,181 Gross Advances 12.11% y-o-y 9,23,966 Net Interest Income 19.76% y-o-y 8,903 PCR 88.73% y-o-y 337 bps RAM Credit 13.63
19.76%
Global Business 10.12% y-o-y 21,56,181 Gross Advances 12.11% y-o-y 9,23,966 Net Interest Income 19.76% y-o-y 8,903 PCR 88.73% y-o-y 337 bps RAM Credit 13.63% y-o-y 5,16,949 Gross NPA 4.76% y-o-y dec
88.73%
y-o-y 21,56,181 Gross Advances 12.11% y-o-y 9,23,966 Net Interest Income 19.76% y-o-y 8,903 PCR 88.73% y-o-y 337 bps RAM Credit 13.63% y-o-y 5,16,949 Gross NPA 4.76% y-o-y decline 161 bps Net NPA 1
337 bps
81 Gross Advances 12.11% y-o-y 9,23,966 Net Interest Income 19.76% y-o-y 8,903 PCR 88.73% y-o-y 337 bps RAM Credit 13.63% y-o-y 5,16,949 Gross NPA 4.76% y-o-y decline 161 bps Net NPA 1.41% y-o-y dec
13.63%
2.11% y-o-y 9,23,966 Net Interest Income 19.76% y-o-y 8,903 PCR 88.73% y-o-y 337 bps RAM Credit 13.63% y-o-y 5,16,949 Gross NPA 4.76% y-o-y decline 161 bps Net NPA 1.41% y-o-y decline 78 bps ₹ in
4.76%
Income 19.76% y-o-y 8,903 PCR 88.73% y-o-y 337 bps RAM Credit 13.63% y-o-y 5,16,949 Gross NPA 4.76% y-o-y decline 161 bps Net NPA 1.41% y-o-y decline 78 bps ₹ in Crore Page 2 Key Highlights 10
161 bps
8,903 PCR 88.73% y-o-y 337 bps RAM Credit 13.63% y-o-y 5,16,949 Gross NPA 4.76% y-o-y decline 161 bps Net NPA 1.41% y-o-y decline 78 bps ₹ in Crore Page 2 Key Highlights 10.56% y-o-y Retail Credi
1.41%
% y-o-y 337 bps RAM Credit 13.63% y-o-y 5,16,949 Gross NPA 4.76% y-o-y decline 161 bps Net NPA 1.41% y-o-y decline 78 bps ₹ in Crore Page 2 Key Highlights 10.56% y-o-y Retail Credit 1,48,209 12.
78 bps
Credit 13.63% y-o-y 5,16,949 Gross NPA 4.76% y-o-y decline 161 bps Net NPA 1.41% y-o-y decline 78 bps ₹ in Crore Page 2 Key Highlights 10.56% y-o-y Retail Credit 1,48,209 12.32% y-o-y Housing Loan
Guidance — 1 items
Exceeded the mandated norms in respect of
opening
“Users of Retail Digital Rupee will be able to make transactions by scanning any UPI QR at a merchant outlet.”
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Risks & concerns — 6 flagged
Page 37 Bank’s initiatives towards Climate Risk Management Climate Risk Governance • • The Board approved internal ESG policy of the Bank encompasses aspects of Climate Risk (including Physical Risks and Transition Risks), wherein well defined roles & responsibilities of the Board, RMCB and other Member Teams have been detailed.
— Exceeded the mandated norms in respect of
The Bank has incorporated Qualitative ESG & Climate Risk parameters which forms a part of the existing Proposal Rating Model for better assessment of its Corporate borrowers under its Go/No-Go exercise.
— Exceeded the mandated norms in respect of
Climate Risk Strategy • • • Bank is in process of formulating its climate risk strategy and methodology which focuses on integrating climate-risk assessment as part of its on-going risk management process by including physical and transitional risks to which the customer as well as the Bank is exposed to and crystallization of the same into any possible reputational risks.
— Exceeded the mandated norms in respect of
Bank is exploring ways to acquire granular data further corroborated by Business Responsibility & Sustainability Reporting (BRSR) data (FY23 onwards) and test tools for climate risk assessment and conduct scenario analysis through suitable partnerships.
— Exceeded the mandated norms in respect of
The Bank has envisaged its path for assessing Climate related financial risks in the Short, Medium & Long-term, which includes Compliance on ESG/Climate Risk related measures in short term to analyzing of financial implications from low-carbon transitions adopted by its borrowers in the long term.
— Exceeded the mandated norms in respect of
The forward looking statements involve a number of risk, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward looking statements.
— Exceeded the mandated norms in respect of
Speaking time
Exceeded the mandated norms in respect of
1
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Opening remarks
Exceeded the mandated norms in respect of
 Total Priority (45.51% to ANBC against 40% norm)  Agriculture (21.39% to ANBC against 18% norm)  Small and Marginal Farmers (15.13% to ANBC against 10.00% norm)  Non Corporate Farmers (16.36% to ANBC against 13.78% norm)  Weaker Section (21.51% to ANBC against 12.00% norm)  Micro Enterprises (9.96% to ANBC against 7.50% norm) Page 9 RAM & Retail Credit RAM 516949 13.63% 454922 Sep'22 Sep'23 Retail Loans 148209 10.56% 134051 Housing Loans 88564 12.32% 78852 Sep'22 Sep'23 Sep'22 Sep'23 ₹ in Crore Page 10 Industry Credit Sector/Scheme Sep'22 Jun'23 Sep’23 ₹ in Crore Growth (in %) Q-o-Q Y-o-Y Infrastructure NBFC Textile Iron & Steel Commercial Real Estate Food Processing Engineering Petroleum, Coal products & Nuclear Fuels Construction Chemicals & Chemical Products 108081 130653 18478 16307 16499 13540 12695 12259 9379 7209 115220 144804 17823 15564 19970 12097 13590 11670 9670 7551 115304 143154 18454 15653 19497 11875 13140 10161 9786 8809 0.07 (1.14) 3.54 0.57 (2.37) (1.83) (3.31
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