Canara Bank

“We are bettering it only. We are not restricting ourself anywhere, we are not sticking to guidance.”

“I said, instead of going and revising my own guidance, let me better it.”

“That is around ₹47,000 crore. Let’s say, around, in and out, ₹50,000 crore.”

“Regarding pipeline, we have got ₹30,000 crores hot lead and ₹17,000 crores already sanctioned but not disbursed.”

“discuss, RAM grew by 21.03%. Within RAM; Retail Credit at 31.61%.”

“Retail if we talk about Housing Loan, it has also grown 17.35%.”

“Vehicle loan grew by 25.50%.”

“If we talk about MSME also, there is a very good growth at 15.49%.”

“So, yes, competition is there, but we know this business, how to do this business.”

“This is basically all from green energy, battery energy storage, power evacuations, and data centers.”

“So, first question, Sir, we are seeing very robust demand for retail lending products. Our Housing loan in excess of 17%, 18% is growing.”

“We see that this quarter, going further, will be a good quarter.”

“The corporate the yield is 7.72% and on gold it is increased to 9.10%. It has improved from 8.96% to 9.10%.”

“But as of now, as we speak, 53% of book is already repriced.”

“In Retail, our margin is 8.65% of our earning. So, that way it will improve.”

“The spread in this, $3.2 billion, in leverage is only 40 basis or 50 basis points.”

“It is merely on the count of average outstanding advances going one side northward only.”

“CRAR is very well placed at 17.19% due to plough back also and at the same time”

“garner $5.8 billion of FCNR(B) deposit, which in rupee terms is close to ₹55,000 crores, which is all on that Term deposit.”

“we have decreased the cost of deposit by 1% because the FCNR deposits were at 1% less than the bulk’s prevailing market price.”

“Otherwise, had FCNR not been there, bulk deposit would have been more by ₹30,000-₹35,000 crores.”

“And CET1 also, against 8.5% we are having 12.80%.”

“intend to sell it out, one of our subsidiary called Canbank Factors. That deal is already done. So, total investment was only ₹14 crore, but we’ll get 4X.”

“Subsidiaries, last time, 2 of our subsidiaries, we listed them. They are all good, profit earning, and their share/stock is also doing good.”

“Last year also, we have posted ₹19,000 crore and we have given 220 basis points of yield also.”

“The loss for the quarter is around ₹1,300 crore for the quarter in AFS.”

“There was a ₹550 crore earning in last quarter, this quarter is ₹50 crore loss.”

“On MTM, it is a loss of ₹61 crore. If I compare to previous quarter, it was ₹611 crore MTM profit.”

“In June, the total trading, MTM, OMO, and others, cumulatively it was ₹654 crore. In this quarter, it is ₹153 crore.”

“So, this quarter, we could book the IT Interest Income around ₹90 crore.”

“For one quarter, it was affected by ₹600 crore. That is due to 44 basis points hardening of yield in one quarter.”

“That will not affect much. ₹13,900 some odd amount.”

“There will not be much effect on the recovery because restructuring is happening through SLBC.”

“Even if you take SMA 0 into consideration, total stress is only 2.42%.”

“everything taken together, then it is 2.42%. That in absolute terms it is ₹33,340 crore.”

“and our Total Global business stands at ₹30,72,000 crores at 15.88% YoY growth.”

“Then Global Deposit also grew by 13.13% YOY”

“Global Advances grew very robustly at 19.46% YOY, ₹13.75 lakh crores.”

“that is Net Interest Income, grew by 20.39% and it is at ever highest YOY”

“Net Profit also grew very handsomely and it is also ever highest profit of any quarter at ₹5,175 crore and YOY is 8.40%.”