Canara Bank Q2 Quarterly Announcement for FY 21-22

Key Summary of Business Performance (as of 30.09.2021)

Business

Global Business increased by 7.61% (y.o.y) to Rs 1719350 Cr as of Sep 2021 with Global Deposits at Rs 1032536 Cr 8.83% (y.o.y) and Global Advance (gross) at Rs 686813 Cr 5.83%(y.o.y)
Domestic Deposit of the Bank stood at Rs 980337Cr as of Sep 2021 with a growth of 7.61%(y.o.y)
Domestic Advances (gross) of the Bank stood at Rs 662991 Cr as at Sep 2021 grew by5.71%(y.o.y)
Retail lending Portfolio increased 10.46% (y.o.y) to Rs 119138 Cr as at Sep2021
o Housing Loan Portfolio increased 14.21% y.o.y to Rs 67386Cr
o Vehicle Loan portfolio increased 8.38% y.o.y to Rs 13697 Cr
Advances to Agriculture grew by 13.92% (y.o.y) to Rs 161632 Cr as of Sep2021

Asset Quality

Gross Non-Performing Assets (GNPA) ratio reduced to 8.42% as of Sep 2021 down from 8.50% as of June 2021, 8.93% in March 2021.
Net Non-Performing Assets (NNPA) ratio reduced to 3.21 % as of Sep 2021 down from 3.46% as of June 2021, 3.82% as of March 2021.
Provision Coverage Ratio (PCR) stood at82.44% as of Sep 2021 against 81.18% as of June 2021.

Capital Adequacy

CRAR stood at 14.37% as of Sep 2021. Out of which Tier-I is 11.41% and Tier-II is 2.96 %
Bank successfully raised capital during FY22 through:
QIP Equity : Rs.2500 Cr
The Capital Raising Plan for FY-22:

AT-1 Bonds: Rs.4000 Cr
Tier II Bonds: Rs.2500 Cr

Priority Sector & Financial Inclusion

The Bank has achieved Targets in Priority Sector at 46.27% and Agricultural Credit at 20.49% of ANBC as of Sep 2021, as against the norm of 40% and 18%respectively.
Credit to small and marginal farmers stood at 13.34% of ANBC, against the norm of 9%.
Credit to Weaker Sections stood at 19.64% of ANBC, against the norm of11%

Bank has opened 139 lakhs accounts under PMJDY and mobilised CASA deposits of Rs 6089 Cr as of Sep2021

Network

As of 30.09.2021, the Bank has 9800 Branches, out of which 3037 are Rural, 2796 Semi-Urban, 1971 Urban &1996 Metro along with 10988 ATMs.