Page 32 - Banking Finance April 2016

PRESS RELEASE

Canara Bank's Major Highlights of Q3FY16

 Total Business at Rs. 8.23 lakh crore, up by 6.2% y.o.y.  Enhanced E-transactions at 55.97% from 45.35% last

 Total Deposits at Rs. 4.91 lakh crore, up by 6.1% y.o.y. year.

 CASA deposits grew by 12.5% y.o.y to Rs. 1.18 lakh crore Income and Expenses - Q3 FY16

and CASA ratio (domestic) improved to 25.71% from  Total expenses increased moderately by 0.65% y.o.y to
24.05% last year.
Rs. 10498 crore. The increase in Operating Expenses

 Advances (net) at Rs. 3.32 lakh crore, up by 6.3% y.o.y. was at 4.74% y.o.y.

 Sustained good growth in retail business (y.o.y) -Total  While total income for the quarter was Rs. 12051crore,

Priority (26.6%), Agriculture (15.2%), MSME (16.3%), including Rs. 7629 crore income from loans/advances.

MSE (16.4%), Retail (20.6%) including Housing (direct)  Non-interest income stood at Rs. 1169 crore. Profits
(26.8%), Vehicle (13.8%), Education (19.2%) and Other
and Profitability - Q3 FY16
Personal loans (14.6%).
 Operating Profit for the quarter stood at Rs. 1552 crore.
 Total Expenditure increase was contained at 0.65%
 Total provisions increased to Rs. 1467 crore compared
y.o.y.
to Rs. 1141 crore last year, including provisions for NPAs
 Interest expenses, including interest paid on deposits,
at Rs. 1432 crore vis-à-vis Rs.952 crore last year.
decreased by 0.18% y.o.y.
 Due to increased provisions, net profit for the quarter
 Non Interest Income stood at Rs. 1169 crore.
came down to Rs. 85 crore compared to Rs. 656 crore

 Operating (Gross) profit stood at Rs. 1552 crore. last year.

 Total provisions increased to Rs. 1467 crore compared  Net Interest Margin (NIM) (Domestic) was at 2.29%

to Rs. 1141 crore last year. and NIM (Global) at 2.16%.

 Provisions on NPAs increased to Rs. 1432 crore, up from  Cost-income ratio marginally improved to 49.46% from

Rs. 952 crore last year. 49.84% last year.

 On account of higher provisions set aside, net profit for

the quarter came down to Rs. 85 crore compared to Capital Adequacy under New Basel III norms
 Capital Adequacy Ratio as per Basel III norms improved
Rs. 656 crore reported last year.
to 11.54% (as against mandatory requirement of 9%).
 Net Interest Margin (NIM) (Domestic) was at 2.29% CET ratio was at 8.03% (against mandatory
and NIM (Global) at 2.16%. requirement of 5.5%) and Tier I ratio was at 8.68% (as

 Cost-income ratio marginally improved to 49.46% from against mandatory requirement of 7%).

49.84% last year.  Adequate headroom available to raise capital to

 Gross NPA increased to Rs. 19813 crore vis-à-vis Rs. support business growth momentum. Government

14021 crore at September 2015. shareholding is at 66.30%.

 Gross NPA Ratio increased to 5.84% compared to Asset Quality
4.27% previous quarter.
 The Bank's gross NPA increased to Rs. 19813 crore, with
 Net NPA Ratio increased to 3.90% from 2.90% previous
a gross NPA ratio of 5.84% compared to 3.35% last year.
quarter.
Increase in Gross NPA is mainly on account of Asset

 Cash Recovery was at Rs. 1117 crore and Provision Quality Review (AQR).

Coverage ratio was at 53.96%.  Net NPA stood at Rs. 12940 crore, with a net NPA ratio

 Capital Adequacy Ratio under Basel III norm improved of 3.9%.

to 11.54% vis-à-vis 9% norms.  Cash Recovery during Q3FY16 amounted to a record

 5794 branches and 9144 ATMs as on December 2015. Rs. 1117crore compared to Rs. 1213 crore for the same

32 | 2016 | APRIL | BANKING FINANCE