Canara Bank · NSE:CANBK
Canara Bank — Q3 FY2024-25 Earnings Presentation
47 slides from Canara Bank's earnings presentation, Jan 27, 2025
Slide 1: Exchange filing cover letter for investor presentation
Ref:: SD:636/637/11/12::2024-25 27.01.2025 The Vice President The Vice President BSE Ltd. Listing Department Phiroze Jeejeebhoy Towers National Stock Exchange of India Ltd Dalal Street EXCHANGE PLAZA MUMBAI - 400 001 Bandra-Kurla Complex, Bandra [E] MUMBAI - 400 051 Scrip Code: 532483 Scrip Code: CA
Slide 2: Financial Results: Q3 (FY 2024-25)
Financial Results: Q3 (FY 2024-25) e₹ Driving Customer Delight & Growth Digitally Page 1
Slide 3: Performance Highlights
Performance Highlights ₹ in Crore Global Business Global Deposits Global Advances Operating Profit 9.30% 8.44% 10.45% 15.15% y-o-y y-o-y y-o-y y-o-y 24,19,171 13,69,465 10,49,706 7,837 Net Profit PCR Gross NPA Net NPA 12.25% 91.26% 3.34% 0.89 % y-o-y y-o-y y-o-y decline y-o-y decline 4,104 225 bps 1
Slide 4: Key Highlights
Key Highlights ₹ in Crore 12.32 % 35.46% 12.26% 17.26% y-o-y y-o-y y-o-y y-o-y RAM Credit Retail Credit Housing Loan Vehicle Loan 5,95,789 2,08,116 1,03,053 19,888 11.03 % 23.31% 28 bps 8 bps y-o-y y-o-y y-o-y decline y-o-y decline EPS Fee Based Income Slippage Ratio Credit Cost 17.59 2,185 0.96% 0.
Slide 5: Contents
Contents 06-13 Business Performance 15-22 Financial Performance 24-25 Investments Asset Quality 27-32 Capital & Shareholding 34-35 Environmental, Social & Governance 37-37 39-42 Distribution Network & Digital Footprint 43-43 Subsidiaries & Associates 44-44 Guidance for March 2025 Vs Actuals for Dece
Slide 6: Business Performance
Driving Customer Delight & Growth Digitally Business Performance Page 5
Slide 7: Business Performance
Business Performance ₹ in Crore Growth (%) Parameters Dec’23 Mar’24 Jun’24 Sep’24 Dec’24 Q-o-Q Y-o-Y Global Gross Business 2213360 2272968 2310350 2359344 2419171 2.54 9.30 Domestic Gross Business 2068313 2123133 2151518 2192862 2245017 2.38 8.54 Overseas Gross Business 145047 149835 158832 166482 1
Slide 8: Domestic Deposit Mix
Domestic Deposit Mix ₹ in Crore Growth (%) Parameters Dec’23 Mar’24 Jun’24 Sep’24 Dec’24 Q-o-Q Y-o-Y Saving Deposits 324027 328378 332248 340705 329680 (3.24) 1.74 CASA Deposits 369256 392327 381448 387327 377207 (2.61) 2.15 Term Deposit 797592 822624 849736 851386 880219 3.39 10.36 Retail Term Depo
Slide 9: Advances Mix
Advances Mix ₹ in Crore RAM: 57% Dec’24 Growth (%) Retail Parameters Dec’23 Sep’24 Dec’24 19% Q-o-Q Y-o-Y Corporate & Others 43% Agriculture & Allied RAM Credit 530444 576589 595789 3.33 12.32 MSME 24% 14% Retail 153640 194556 208116 6.97 35.46 Agriculture & Allied 242470 242930 243787 0.35 0.54 RAM
Slide 10: Exceeded the Mandated Targets under Priority Sector
Exceeded the Mandated Targets under Priority Sector Exceeded the mandated norms in respect of: Total Priority (44.33% to ANBC against 40% norm) Agriculture (21.04% to ANBC against 18% norm) Mandated Norms under Small and Marginal Farmers (14.35% to ANBC against 10.00% norm) Priority Sector N
Slide 11: RAM & Retail Credit
RAM & Retail Credit RAM ₹ in Crore 595789 12.32% 530444 Dec'23 Dec-24 Retail Loans Housing Loans 103053 208116 35.46% 12.26% 91800 153640 Dec'23 Dec'24 Dec'23 Dec'24 Page 10
Slide 12: Industry Credit
Industry Credit ₹ in Crore Growth (%) Sector/Scheme Dec'23 Sep'24 Dec'24 Q-o-Q Y-o-Y Infrastructure 126697 128931 132672 2.90 4.72 NBFC 135872 127976 142731 11.53 5.05 Textile 18805 19074 19224 0.79 2.23 Iron & Steel 17210 17569 18226 3.74 5.90 Commercial Real Estate 20643 24019 25332 5.47 22.71 Foo
Slide 13: Rating Profile
Rating Profile External Rating - Wise Distribution of Domestic Advances above ₹ 25 crore ₹ in Crore (% of Total rated loan book above ₹ 25 crore) Dec'23 Sep'24 Dec'24 External Rating Outstanding % Share Outstanding % Share Outstanding % Share A and above 219850 80 218715 78 245369 80 BBB 31108 11 33
Slide 14: Rating Profile
Rating Profile ₹ in Crore Rating Profile of Standard NBFC Domestic Exposure Dec'23 Sep'24 Dec'24 External Rating Exposure % Share Exposure % Share Exposure % Share A and above 129970 99 126036 99 141511 99 BBB 155 72 79 1 1 1 BB and below 20 39 1735 Total 130145 100 126147 100 143325 100 Page 13
Slide 15: Financial Performance
Driving Customer Delight & Growth Digitally Financial Performance Page 14
Slide 16: Total Income
Total Income ₹ in Crore Quarterly Parameters Growth (%) Dec'23 Mar’24 Jun'24 Sep'24 Dec’24 Q-o-Q Y-o-Y Interest Income 28039 28807 28701 29740 30312 1.92 8.11 Interest on Advances 19894 20863 20778 21758 22446 3.16 12.83 Interest on Investments 5775 5902 6078 6059 6186 2.10 7.12 Other Interest Incom
Slide 17: Non-Interest Income
Non-Interest Income ₹ in Crore Quarterly Parameters Growth (%) Dec'23 Mar’24 Jun'24 Sep'24 Dec'24 Q-o-Q Y-o-Y Fee Based Income 1772 1941 1910 2436 2185 (10.30) 23.31 Commission Exchange & Brokerage 383 437 353 382 499 30.63 30.29 Service Charges 819 886 798 880 939 6.70 14.65 Miscellaneous 570 618 7
Slide 18: Total Expenses
Total Expenses ₹ in Crore Quarterly Parameters Growth (%) Dec'23 Mar’24 Jun'24 Sep'24 Dec’24 Q-o-Q Y-o-Y Interest Expenses 18622 19227 19535 20425 21163 3.61 13.65 Interest on Deposits 17092 17714 18352 18652 19117 2.49 11.85 Other Interests 1530 1513 1183 1773 2046 15.40 33.73 Operating Expenses 69
Slide 19: Financials at a Glance
Financials at a Glance ₹ in Crore Quarterly Parameters Growth (%) Dec'23 Mar’24 Jun'24 Sep'24 Dec’24 Q-o-Q Y-o-Y Net Interest Income 9417 9580 9166 9315 9149 (1.78) (2.85) Total Interest Income 28039 28807 28701 29740 30312 1.92 8.11 Total Interest Expenses 18622 19227 19535 20425 21163 3.61 13.65 T
Slide 20: Continuous & Consistent Performance
Continuous & Consistent Performance 7837 7616 7654 91.26 90.89 7387 6806 89.10 89.22 89.01 4104 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 4014 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 3905 Operating Profit (₹ in Cr) PCR (%) 3757 3656 1.32 1.27 1.24 4.39 4.23 4.14 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 0.99 3.73 0.89
Slide 21: Provisions
Provisions ₹ in Crore Quarterly Parameters Growth (%) Dec’23 Mar’24 Jun’24 Sep’24 Dec’24 Q-o-Q Y-o-Y Total Provision 3150 3630 3711 3640 3733 2.55 18.51 NPAs 2106 2280 2171 2587 1982 (23.39) (5.89) Standard Asset 103 44 21 134 126 (5.97) 22.33 Non Performing Investment 181 295 (125) (72) 440 ---- 14
Slide 22: Key Ratios
Key Ratios (%) Dec’23 Mar’24 Sep’24 Dec’24 Ratios Quarterly Cumulative Quarterly Cumulative Quarterly Cumulative Quarterly Cumulative Return on Assets 1.01 1.01 1.03 1.01 1.05 1.05 1.03 1.04 Return on Net-worth 21.06 21.95 21.18 22.06 19.78 20.44 19.09 20.18 Cost to Income 50.37 45.93 50.08 47.03 46
Slide 23: Key Ratios
Key Ratios NIM(%) Cost Of Deposits (%) Yield on 3.05 5.72 Advances(%) 3.02 5.70 5.70 8.79 2.90 5.50 8.77 2.88 5.42 8.71 2.83 8.66 8.60 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Dec'23 Mar'24 Jun'24 Sep'24 Dec'24 Cost Of Funds (%) Yield on Funds(%) Yield on Investments(%)
Slide 24: Investments
Driving Customer Delight & Growth Digitally INVESTMENTS Page 23
Slide 25: Investment Portfolio
Investment Portfolio ₹ in Crore Sl. No Parameters Dec'23 Sep'24 Dec'24 1 Domestic Investments 346429 375568 383054 (a) SLR 310448 326523 333068 (b) Non SLR 35981 49047 49986 SLR as % to Dom. Investments 89.61 86.94 86.95 (i) Held To Maturity (HTM) 286385 300563 305208 (ii) Available For Sale (AFS) 5
Slide 26: Non SLR Portfolio
Non SLR Portfolio ₹ in Crore % Share Y-o-Y Variation Parameters Dec’23 Sep’24 Dec’24 (Dec'24) Amount % PSU Bonds 3392 4173 4310 8.62 918 27.06 Corporate and Other Bonds 5539 8500 7926 15.86 2387 43.09 Special Govt. Sec excl. Recap Bonds 1741 633 630 1.26 (1111) (63.81) CG Recap. Bond 18238 18238 182
Slide 27: Asset Quality
Driving Customer Delight & Growth Digitally Asset Quality Page 26
Slide 28: Asset Quality Ratios
Asset Quality Ratios ₹ in Crore Parameters Dec’23 Mar’24 Sep’24 Dec’24 Gross NPA 41722 40605 37733 35061 Gross NPA (%) 4.39 4.23 3.73 3.34 Net NPA 12176 11823 9777 9081 Net NPA (%) 1.32 1.27 0.99 0.89 Provision Coverage Ratio (%) 89.01 89.10 90.89 91.26 Credit Cost (%) 0.97 0.96 0.97 0.89 Slippage R
Slide 29: Movement of NPA
Movement of NPA ₹ in Crore Parameters Dec’23 Mar’24 Sep’24 Dec’24 NPA as at the beginning of the period 43956 41722 40356 37733 Cash Recovery towards Book Liability(i) 958 929 1188 780 Up-gradation (ii) 516 520 659 460 Write Off (iii) 3936 3068 3121 3896 Total Reduction(i+ii+iii) 5410 4517 4968 5136
Slide 30: NPA Classification: Sector Wise
NPA Classification: Sector Wise ₹ in Crore Advance O/s Parameters Dec’23 Mar’24 Sep’24 Dec’24 GNPA (%) (Dec’24) Domestic Gross NPA 38327 37213 34689 32585 987591 3.30 Global Gross NPA 41722 40605 37733 35061 1049706 3.34 Retail 2298 2247 2067 2049 208116 0.98 Housing Loans 796 836 1156 1162 103053 1
Slide 31: NPA Classification: Industry wise
NPA Classification : Industry wise ₹ in Crore Sector/Scheme Dec’23 Mar’24 Sep’24 Dec’24 GNPA (%) Infrastructure 5491 5637 5619 5179 3.90 Iron & Steel 591 568 508 397 2.18 Textile 1415 1431 1251 794 4.13 Food Processing 1282 1121 1087 985 7.80 Engineering 844 825 741 742 5.22 Page 30
Slide 32: Special Mention Accounts (SMA)
Special Mention Accounts (SMA) ₹ in Crore SMA Position of the Bank (₹ 5 Cr and above) Dec'23 Sep'24 Dec’24 No of % to Gross No of % to Gross No of % to Gross Parameters Outstanding Outstanding Outstanding Accounts Advances Accounts Advances Accounts Advances SMA 2 204 4516 0.48 160 10938 1.08 157 74
Slide 33: Accounts referred to NCLT
Accounts referred to NCLT ₹ in Crore Dec'23 Dec’24 Parameters No of Book Provision No of Book Provision Provision Provision Accounts Liability Coverage Accounts Liability Coverage 1st List - RBI 4 1096 1096 100 4 922 922 100 2nd List – RBI 11 5290 5290 100 9 4654 4654 100 Total RBI 1 & 2 15 6386 638
Slide 34: Capital & Shareholding
Driving Customer Delight & Growth Digitally Capital & Shareholding Page 33
Slide 35: Capital Funds (Basel III)
Capital Funds (Basel III) Parameters ₹ in Crore Dec'23 Sep’24 Dec’24 Tier I 87964 104313 106057 CRAR (%) Common Equity 74137 85486 87228 16.57 16.44 15.78 Additional Tier I 13827 18827 18828 1.93 1.89 2.40 Tier II 15770 13741 13770 2.64 2.58 2.10 Total (Tier I+II) 103734 118054 119827 Risk-weighted
Slide 36: Shareholding Pattern as on December 31st, 2024
Shareholding Pattern as on December 31st ,2024 Year ended FII/FPIs holding (%) Mar’22 8.48 Staff, 0.62 Others, 2.16 Resident Individuals, 12.13 Mar’23 8.95 Mar’24 10.57 FIIs/FPIs, 11.11 Mutual Funds, 4.26 Insurance Companies, 6.79 Government of India, 62.93 Page 35
Slide 37: Environmental, Social & Governance
Driving Customer Delight & Growth Digitally Environmental, Social & Governance Page 36
Slide 38: Environmental, Social & Governance (ESG) Practices
Environmental, Social & Governance (ESG) Practices Environmental Social Governance As part of Green initiatives, Bank has undertaken: Bank is impacting the Society by engaging in For the Bank’s journey towards Sustainability, Increased usage of LED light, BEE rated AC units helping and uplif
Slide 39: Distribution Network
Driving Customer Delight & Growth Digitally Distribution Network Page 38
Slide 40: Distribution Network
Distribution Network Parameters Dec'23 Sep'24 Dec'24 General Branches(a) 8964 9032 9190 Specialised Branches(b) 621 626 626 Total Domestic Branches(a+b) 9585 9658 9816 Overseas Branches 3 4 4 BC Points 13427 13173 13177 Total Banking Outlets 23015 22835 22997 ATM 10463 9881 9715 Recycler 1657 2310 2
Slide 41: Digital Footprint
Driving Customer Delight & Growth Digitally Digital Footprint Page 40
Slide 42: Digital Footprint
Digital Footprint 1787.59 5.94 677.68 1321.95 2.70 481.28 5.71 2.65 DEC'23 DEC'24 DEC'23 DEC'24 DEC'23 DEC'24 DEC'23 DEC'24 MeitY Digital Transactions( Nos in Internet Banking Registrations (Nos in E-Transactions (Nos in Crores) Debit Card Outstanding (Nos in Crore) Crores) Crores) 3.25 2.62 33.45 8
Slide 43: New Digital Initiatives
New Digital Initiatives Train Ticket Booking in Train ticket booking services through IRCTC in Canara ai1 mobile banking application. ai1 Mobile Banking Providing limited non-financial services for Individual Minors in age group 10 to <14 yrs and financial Facility for services with daily limit of ₹
Slide 44: Subsidiaries & Associates
Subsidiaries & Associates ₹ in Crore Total Profit Our share Name of the Entity Holding(%) Dec’24 SUBSIDIARIES Canara Robeco Asset Management Company Ltd. 51 133.25 67.96 Canara HSBC Life Insurance Company Ltd. 51 84.89 43.29 Canbank Factors Ltd. 70 3.02 2.11 Canbank Computer Services Ltd. 69.14 11.1
Slide 45: Guidance for March 2025 Vs Actuals for December 2024
Guidance for March 2025 Vs Actuals for December 2024 Guidance Parameters Actuals as on 31.12.2024 (31.03.2025) Business Growth (Global) 10.00% 9.30% Advances Growth (Global) 10.00% 10.45% Deposits Growth (Global) 9.00% 8.44% CASA (Domestic CASA to Domestic Deposit) 33.00% 30.00% NIM (Global)(Annuali
Slide 46: Disclaimer
Disclaimer This presentation has been prepared solely for information purposes only. It has no regard to any financial situations or informational needs of any particular reason. The forward looking statements involve a number of risk, uncertainties and other factors that could cause actual results
Slide 47: Thank You
Together We Can Thank You We express our heartfelt gratitude to all our stakeholders for their support & trust and solicit their continued patronage to make our beloved Bank grow exponentially in the coming years. Page 46