CANBKNSE24 January 2024

Canara Bank

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Key numbers — 40 extracted
26.86%
ital e₹ Financial Results: Q3 (FY 2023-24) Page 1 Restricted Performance Highlights Net Profit 26.86% y-o-y 3,656 Net Interest Income 9.50% y-o-y 9,417 Global Business 9.87% y-o-y 22,13,360 ₹ in Cr
9.50%
24) Page 1 Restricted Performance Highlights Net Profit 26.86% y-o-y 3,656 Net Interest Income 9.50% y-o-y 9,417 Global Business 9.87% y-o-y 22,13,360 ₹ in Crore Domestic Advances 12.56% y-o-y 9,0
9.87%
Highlights Net Profit 26.86% y-o-y 3,656 Net Interest Income 9.50% y-o-y 9,417 Global Business 9.87% y-o-y 22,13,360 ₹ in Crore Domestic Advances 12.56% y-o-y 9,01,465 PCR 89.01% y-o-y 269 bps Cr
12.56%
st Income 9.50% y-o-y 9,417 Global Business 9.87% y-o-y 22,13,360 ₹ in Crore Domestic Advances 12.56% y-o-y 9,01,465 PCR 89.01% y-o-y 269 bps Credit Cost 0.97% y-o-y decline 24 bps 9 months Net Prof
89.01%
7 Global Business 9.87% y-o-y 22,13,360 ₹ in Crore Domestic Advances 12.56% y-o-y 9,01,465 PCR 89.01% y-o-y 269 bps Credit Cost 0.97% y-o-y decline 24 bps 9 months Net Profit for FY 23-24 of ₹10,797
269 bps
iness 9.87% y-o-y 22,13,360 ₹ in Crore Domestic Advances 12.56% y-o-y 9,01,465 PCR 89.01% y-o-y 269 bps Credit Cost 0.97% y-o-y decline 24 bps 9 months Net Profit for FY 23-24 of ₹10,797 surpassed Ne
0.97%
13,360 ₹ in Crore Domestic Advances 12.56% y-o-y 9,01,465 PCR 89.01% y-o-y 269 bps Credit Cost 0.97% y-o-y decline 24 bps 9 months Net Profit for FY 23-24 of ₹10,797 surpassed Net Profit for entir
24 bps
Domestic Advances 12.56% y-o-y 9,01,465 PCR 89.01% y-o-y 269 bps Credit Cost 0.97% y-o-y decline 24 bps 9 months Net Profit for FY 23-24 of ₹10,797 surpassed Net Profit for entire FY 22-23 (₹10,604)
₹10,797
89.01% y-o-y 269 bps Credit Cost 0.97% y-o-y decline 24 bps 9 months Net Profit for FY 23-24 of ₹10,797 surpassed Net Profit for entire FY 22-23 (₹10,604) 25 bps y-o-y Return on Assets 1.01% Gross NPA
₹10,604
e 24 bps 9 months Net Profit for FY 23-24 of ₹10,797 surpassed Net Profit for entire FY 22-23 (₹10,604) 25 bps y-o-y Return on Assets 1.01% Gross NPA 4.39% y-o-y decline 150 bps Net NPA 1.32% y-o-y
25 bps
9 months Net Profit for FY 23-24 of ₹10,797 surpassed Net Profit for entire FY 22-23 (₹10,604) 25 bps y-o-y Return on Assets 1.01% Gross NPA 4.39% y-o-y decline 150 bps Net NPA 1.32% y-o-y decline
1.01%
-24 of ₹10,797 surpassed Net Profit for entire FY 22-23 (₹10,604) 25 bps y-o-y Return on Assets 1.01% Gross NPA 4.39% y-o-y decline 150 bps Net NPA 1.32% y-o-y decline 64 bps Page 2 Restricted Ke
Risks & concerns — 6 flagged
Page 37 Restricted 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
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Speaking time
Exceeded the mandated norms in respect of
1
Opening remarks
Exceeded the mandated norms in respect of
 Total Priority (45.91% to ANBC against 40% norm)  Agriculture (21.77% to ANBC against 18% norm)  Small and Marginal Farmers (15.18% to ANBC against 10.00% norm)  Non Corporate Farmers (18.24% to ANBC against 13.78% norm)  Weaker Section (21.66% to ANBC against 12.00% norm)  Micro Enterprises (10.18% to ANBC against 7.50% norm) Page 9 Restricted RAM & Retail Credit RAM 530444 14.56% 463038 Dec'22 Dec'23 Retail Loans 153640 12.14% 137007 Dec'22 Dec'23 ₹ in Crore Page 10 Housing Loans 91800 12.07% 81916 Dec'22 Dec'23 Restricted Industry Credit Sector/Scheme Dec'22 Sep’23 Dec’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 114682 138757 115304 143154 126697 135872 18481 16347 19990 13300 12499 12303 9215 7220 18454 15653 19497 11875 13140 10161 9786 8809 18805 17210 20643 12202 13699 11015 10291 10196 9.88 (5.09) 1.90
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