CANARA BANK

Management reported that Canara Bank's global business grew by 14.37% year-on-year, reaching 29.05 lakh crores. Global advances increased by 17.97% year-on-year, while net interest income rose by 13.39%, surpassing 10,000 crores for the first time. Net profit grew by 2.19% year-on-year to 4,856 crores. The bank's capital position remained strong, with a CET1 ratio of 12.91% and a total credit CRAR of 17.17%. Management highlighted improvements in asset quality, with gross NPA decreasing to 1.57% and net NPA to 0.36%. Retail, agriculture, and MSME credit grew by 21.20% year-on-year. Management noted that they exceeded guidance in several areas, including business growth and advances growth. They also discussed the impact of treasury income and provisioning on profitability, as well as strategies for improving CASA and NIM ratios.

Management emphasized strong growth and improved financial metrics.