Canara Bank · NSE:CANBK
Canara Bank — Q1 FY2024-25 Earnings Presentation
47 slides from Canara Bank's earnings presentation, Jul 25, 2024
Slide 1: Exchange filing cover letter
Ref:: SD:220/221/11/12::2024-25 25.07.2024 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: Q1 (FY 2024-25)
Restricted Financial Results: Q1 (FY 2024-25) Driving Customer Delight & Growth Digitally Restricted Page 1 Restricted
Slide 3: Performance Highlights
Restricted Performance Highlights ₹ in Crore Global Business Global Deposit Global Advances Net Profit 11.07% 11.97% 9.86 % 10.47 % y-o-y y-o-y y-o-y y-o-y 23,10,350 13,35,167 9,75,183 3,905 CET-1 Return on Assets PCR Restricted 89.22% 12.05% 1.05 % y-o-y y-o-y y-o-y 55 bps 6 bps 118 bps Credit Cost
Slide 4: Key Highlights
Restricted Key Highlights ₹ in Crore 12.26% 23.54% 11.90% y-o-y y-o-y y-o-y RAM Credit Retail Credit Housing Loan 5,51,750 1,75,794 96,108 Restricted 15.49% 10.18% 16.75% y-o-y y-o-y y-o-y Vehicle Loan EPS Fee Based Income 17,708 17.27 1,910 Page 3 Restricted
Slide 5: Contents
Restricted Contents 06-13 Business Performance 15-22 Financial Performance 24-25 Investments 27-32 Asset Quality 34-35 Capital & Shareholding Restricted 37-37 Environmental, Social & Governance 39-42 Distribution Network & Digital Footprint 43-43 Subsidiaries & Associates 44-44 Guidance for March 20
Slide 6: Business Performance
Restricted Driving Customer Delight & Growth Digitally Restricted Business Performance Page 5 Restricted
Slide 7: Business Performance
Restricted Business Performance ₹ in Crore Growth (%) Parameters June’23 Mar’24 Jun’24 Q-o-Q Y-o-Y Global Gross Business 2080141 2272968 2310350 1.64 11.07 Domestic Gross Business 1947569 2123133 2151518 1.34 10.47 Overseas Gross Business 132572 149835 158832 6.00 19.81 Restricted Global Gross Advan
Slide 8: Domestic Deposit Mix
Restricted Domestic Deposit Mix ₹ in Crore Growth (%) Parameters Jun'23 Mar’24 Jun’24 Q-o-Q Y-o-Y Saving Deposits 320628 328378 332248 1.18 3.62 Restricted CASA Deposits 364464 392327 381448 (2.77) 4.66 Term Deposit 740042 822624 849736 3.30 14.82 Retail Term Deposit 466162 501403 514572 2.63 10.38
Slide 9: Advances Mix
Restricted Advances Mix ₹ in Crore RAM: 57% Jun’24 Growth (%) Retail Parameters Jun’23 Mar’24 Jun’24 18% Q-o-Q Y-o-Y Corporate & Others Agriculture & Allied 43% RAM Credit 491475 541489 551750 1.89 12.26 25% MSME 14% Retail 142297 156414 175794 12.39 23.54 Restricted Agriculture & Allied 222757 2532
Slide 10: Exceeded the Mandated Targets under Priority Sector
Restricted Exceeded the Mandated Targets under Priority Sector Exceeded the mandated norms in respect of: Total Priority (44.95% to ANBC against 40% norm) Agriculture (22.02% to ANBC against 18% norm) Mandated Norms under Small and Marginal Farmers (15.58% to ANBC against 10.00% norm) Restrict
Slide 11: RAM & Retail Credit
Restricted RAM & Retail Credit RAM ₹ in Crore 551750 12.26% 491475 Jun'23 Jun'24 Restricted Retail Loans Housing Loans 175794 96108 23.54% 11.90% 142297 85884 Jun'23 Jun'24 Jun'23 Jun'24 Page 10 Restricted
Slide 12: Industry Credit
Restricted Industry Credit ₹ in Crore Growth (%) Sector/Scheme Jun'23 Mar’24 Jun’24 Q-o-Q Y-o-Y Infrastructure 115220 129411 132942 2.73 15.38 NBFC 144804 131974 118529 (10.19) (18.15) Textile 17823 18353 18863 2.78 5.84 Iron & Steel Restricted 15564 14991 18767 25.19 20.58 Commercial Real Estate 19
Slide 13: Rating Profile
Restricted Rating Profile External Rating - Wise Distribution of Domestic Advances above ₹ 25 crore ₹ in Crore (% of Total rated loan book above ₹ 25 crore) Jun’23 Mar’24 Jun’24 External Rating Outstanding % Share Outstanding % Share Outstanding % Share A and above 220189 81 222192 80 211925 78 Rest
Slide 14: Rating Profile
Restricted Rating Profile ₹ in Crore Rating Profile of Standard NBFC Domestic Exposure Jun’23 Mar’24 Jun’24 External Rating Exposure % Share Exposure % Share Exposure % Share Restricted A and above 135871 99 129893 99 136866 99 BBB 366 130 74 1 1 1 BB and below 26 14 46 Total 136263 100 130037 100 1
Slide 15: Financial Performance
Restricted Driving Customer Delight & Growth Digitally Restricted Financial Performance Page 14 Restricted
Slide 16: Total Income
Restricted Total Income ₹ in Crore Quarterly Parameters Growth (%) Jun'23 Mar’24 Jun'24 Q-o-Q Y-o-Y Interest Income 25004 28807 28701 (0.37) 14.79 Restricted Interest on Advances 18064 20863 20778 (0.41) 15.02 Interest on Investments 5349 5902 6078 2.98 13.63 Other Interest Income 1591 2042 1845 (9.
Slide 17: Non-Interest Income
Restricted Non-Interest Income ₹ in Crore Quarterly Parameters Growth(%) Jun'23 Mar’24 Jun'24 Q-o-Q Y-o-Y Fee Based Income 1636 1941 1910 (1.60) 16.75 Commission Exchange & Brokerage 263 437 353 (19.22) 34.22 Restricted Service Charges 812 886 798 (9.93) (1.72) Miscellaneous 561 618 759 22.82 35.29
Slide 18: Total Expenses
Restricted Total Expenses ₹ in Crore Quarterly Parameters Growth (%) Jun'23 Mar’24 Jun’24 Q-o-Q Y-o-Y Interest Expenses 16338 19227 19535 1.60 19.57 Restricted Interest Paid on Deposits 15043 17714 18352 3.60 22.00 Other Interests 1295 1513 1183 (21.81) (8.65) Operating Expenses 5881 7410 6869 (7.30
Slide 19: Financials at a Glance
Restricted Financials at a Glance ₹ in Crore Quarterly Parameters Growth (%) Jun'23 Mar’24 Jun’24 Q-o-Q Y-o-Y Net Interest Income 8666 9580 9166 (4.32) 5.77 Total Interest Income 25004 Restricted 28807 28701 (0.37) 14.79 Total Interest Expenses 16338 19227 19535 1.60 19.57 Total Income 29823 34024 3
Slide 20: Continuous & Consistent Growth
Restricted Continuous & Consistent Growth 3905 89.22 89.01 89.10 3757 88.73 3656 3606 3535 88.04 Jun'23 Sep'23 Dec'23 Mar'24 Jun'24 Jun'23 Sep'23 Dec'23 Mar'24 Jun'24 Net Profit (₹ in Cr) PCR (%) Restricted 5.15 4.76 4.39 4.23 4.14 1.57 1.41 1.32 1.27 1.24 Jun'23 Sep'23 Dec'23 Mar'24 Jun'24 Jun'23 S
Slide 21: Provisions
Restricted Provisions ₹ in Crore Quarterly Parameters Growth (%) Jun'23 Mar’24 Jun’24 Q-o-Q Y-o-Y Total Provision 4069 3630 3711 2.23 (8.80) Restricted NPAs 2417 2280 2171 (4.78) (10.18) Standard Asset 3 44 21 (52.27) 600.00 Non Performing Investment 332 295 (125) ----- ----- Income Tax 1350 1149 14
Slide 22: Key Ratios
Restricted Key Ratios (%) Jun’23 Mar’24 Jun’24 Ratios Quarterly Cumulative Quarterly Cumulative Quarterly Cumulative Return on Assets 0.99 0.99 1.03 1.01 1.05 1.05 Return on Net-worth 22.95 22.95 21.18 22.06 20.88 20.88 Restricted Cost to Income 43.61 43.61 50.08 47.03 47.42 47.42 CD Ratio 74.44 74.
Slide 23: Key Ratios
Restricted Key Ratios NIM(%) Cost Of Deposits (%) Yield on 3.05 3.05 5.70 Advances(%) 5.50 8.71 8.66 5.22 2.90 8.43 Jun'23 Mar'24 Jun'24 Jun'23 Mar'24 Jun'24 Jun'23 Mar'24 Jun'24 Restricted Cost Of Funds (%) Yield on Funds(%) Yield on Investments(%) 6.94 7.72 5.25 6.91 7.54 5.00 4.76 7.28 6.85 Jun'2
Slide 24: Investments
Restricted Driving Customer Delight & Growth Digitally Restricted INVESTMENTS Page 23 Restricted
Slide 25: Investment Portfolio
Restricted Investment Portfolio ₹ in Crore Sl. No Parameters Jun'23 Mar'24 Jun'24 1 Domestic Investments 334955 360836 373591 (a) SLR 298393 324154 324203 (b) Non SLR 36562 36682 49388 SLR as % to Dom. Investments 89.08 89.83 86.78 (i) Held To Maturity (HTM) Restricted 275423 290652 298077 (ii) Avai
Slide 26: Non SLR Portfolio
Restricted Non SLR Portfolio ₹ in Crore % Share Y-o-Y Variation Parameters Jun’23 Mar’24 Jun’24 (Jun'24) Amount % PSU Bonds 3503 3588 4138 8.38 635 18.13 Corporate and Other Bonds 5793 7113 7434 15.05 1641 28.33 Special Govt. Sec excl. Recap Bonds 1793 633 633 1.28 (1160) (64.70) CG Recap. Bond 1823
Slide 27: Asset Quality
Restricted Driving Customer Delight & Growth Digitally Restricted Asset Quality Page 26 Restricted
Slide 28: Asset Quality Ratios
Restricted Asset Quality Ratios ₹ in Crore Parameters Jun’23 Mar’24 Jun’24 Gross NPA 45727 40605 40356 Gross NPA (%) 5.15 4.23 4.14 Net NPA Restricted 13461 11823 11702 Net NPA (%) 1.57 1.27 1.24 Provision Coverage Ratio (%) 88.04 89.10 89.22 Credit Cost (%) 1.10 0.96 0.90 Slippage Ratio (%) 0.36 0.
Slide 29: Movement of NPA
Restricted Movement of NPA ₹ in Crore Parameters Jun’23 Mar’24 Jun’24 NPA as at the beginning of the period 46160 41722 40605 Cash Recovery towards Book Liability(i) 1127 929 780 Up-gradation (ii) 800 520 495 Write Off (iii) 1934 3068 2311 Total Reduction(i+ii+iii) 3861 4517 3586 Fresh Addition Rest
Slide 30: NPA Classification: Sector Wise
Restricted NPA Classification: Sector Wise ₹ in Crore Advance O/s Parameters Jun'23 Mar'24 Jun'24 GNPA (%) (Jun’24) Domestic Gross NPA 41427 37213 37235 920334 4.05 Global Gross NPA 45727 40605 40356 975183 4.14 Retail 2082 2247 Restricted 2249 175794 1.28 Housing Loans 642 836 900 96108 0.94 Vehicl
Slide 31: NPA Classification: Industry Wise
Restricted NPA Classification : Industry wise ₹ in Crore Sector/Scheme Jun’23 Mar’24 Jun’24 GNPA (%) Infrastructure 5466 5637 5861 4.41 Restricted Iron & Steel 721 568 561 2.99 Textile 1299 1431 1499 7.95 Food Processing 1124 1121 1222 9.81 Engineering 969 825 812 5.74 Page 30 Restricted
Slide 32: Special Mention Accounts (SMA)
Restricted Special Mention Accounts (SMA) ₹ in Crore SMA Position of the Bank (₹ 5 Cr and above) Jun’23 Mar’24 Jun’24 No of % to Gross No of % to Gross No of % to Gross Parameters Outstanding Outstanding Outstanding Accounts Advances Accounts Advances Accounts Advances Restricted SMA 2 237 3367 0.38
Slide 33: Accounts referred to NCLT
Restricted Accounts referred to NCLT ₹ in Crore Jun’23 Jun’24 Parameters No of Book Provision No of Book Provision Provision Provision Accounts Liability Coverage Accounts Liability Coverage 1st List - RBI 4 1106 1106 100% 4 1094 1094 100% 2nd List – RBI 11 5289 5289 100% 9 4676 4676 100% Total RBI
Slide 34: Capital & Shareholding
Restricted Driving Customer Delight & Growth Digitally Capital & Shareholding Restricted Page 33 Restricted
Slide 35: Capital Funds (Basel III)
Restricted Capital Funds (Basel III) Parameters ₹ in Crore Jun’23 Mar’24 Jun’24 CRAR (%) Tier I 80982 93368 98104 16.24 16.28 16.38 Common Equity 68561 77529 82265 Additional Tier I 12421 15839 15839 2.33 2.01 2.66 Tier II 15878 15599 13779 2.32 2.08 2.37 Total (Tier I+II) 96860 108967 111883 Risk-w
Slide 36: Shareholding Pattern as on June 30th, 2024
Restricted Shareholding Pattern as on June 30th,2024 Staff, 0.63 Others, 2.45 Resident Individuals, 11.53 FIIs/FPIs, 11.91 Restricted Mutual Funds, 3.49 Insurance Companies, 7.06 Government of India, 62.93 Page 35 Restricted
Slide 37: Environmental, Social & Governance
Restricted Driving Customer Delight & Growth Digitally Restricted Environmental, Social & Governance Page 36 Restricted
Slide 38: Environmental, Social & Governance (ESG) Practices
Restricted 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 helpin
Slide 39: Distribution Network
Restricted Driving Customer Delight & Growth Digitally Restricted Distribution Network Page 38 Restricted
Slide 40: Distribution Network
Restricted Distribution Network Parameters Jun'23 Mar'24 Jun'24 General Branches(a) 8865 8984 8997 Specialised Branches(b) 788 620 626 Total Domestic Branches(a+b) 9653 9604 9623 Overseas Branches 3 4 4 BC Points 13427 13167 13167 Total Banking Outlets 23083 22775 22794 ATM 10683 10209 10014 Recycle
Slide 41: Digital Footprint
Restricted Driving Customer Delight & Growth Digitally Restricted Digital Footprint Page 40 Restricted
Slide 42: Digital Footprint
Restricted Digital Footprint 530.92 5.74 385.36 2.67 207.68 142.42 5.24 2.52 JUN'23 JUN'24 JUN'23 JUN'24 JUN'23 JUN'24 JUN'23 JUN'24 MeitY Digital Transactions( Nos in Internet Banking Registrations (Nos in E-Transactions (Nos in Crores) Debit Card Outstanding (Nos in Crore) Crores) Crores) Restrict
Slide 43: New Digital Initiatives
Restricted New Digital Initiatives Canara Pre-Approved Personal Loan product up to Rs.10.00 Lakh to existing customers (Canara SB Premium Ready Payroll Customers) of our Bank through Straight-through-Processing (STP) Mode under Digital Cash Lending Platform. Canara My Loan up to Rs.10.00 Lakhs throu
Slide 44: Subsidiaries & Associates
Restricted Subsidiaries & Associates ₹ in Crore Total Profit Our share Name of the Entity Holding(%) Jun’24 SUBSIDIARIES Canara Robeco Asset Management Company Ltd. 51 40.25 20.53 Canara HSBC Life Insurance Company Ltd. 51 18.7 9.54 Canbank Factors Ltd. 70 1.7 1.19 Canbank Computer Services Ltd. 69.
Slide 45: Guidance for March 2025 Vs Actuals for June 2024
Restricted Guidance for March 2025 Vs Actuals for June 2024 Guidance Parameters Actuals as on 30.06.2024 (31.03.2025) Business Growth (Global) 10.00% 11.07% Advances Growth (Global) 10.00% 9.86% Deposits Growth (Global) 9.00% 11.97% CASA (Domestic CASA to Domestic Deposit) 33.00% 30.98% NIM (Global)
Slide 46: Disclaimer
Restricted 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 actu
Slide 47: Together We Can
Restricted Together We Can Restricted 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 Restricted