Results Earnings Call for Q2FY23 of Canara Bank
Conference Call with Canara Bank Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.20-10-2022
20-10-2022
Canara Bank's net profit jumps 89% to 2,525 crore
The bank's total income rose to 24,932 crore20-10-2022
Q2FY23 Quarterly Result Announced for Canara Bank
Canara Bank announced Q2FY23 results: Net Profit stood at Rs.2525 crore against Net profit of Rs. 1333 crore for September 2021. Operating Profit stood at Rs. 6905 crore grew by 23.22%. Non-Interest Income grew by 13.05%. Net-Interest Income grew by 18.51% Fee based income grew by 17.98%. Cost to Income Ratio down by 316 bps. Global Business grew by 13.89%. Gross Advances grew by 20.00%. RAM Credit grew by 16.40%, it constitutes 55% of Total Advances. Retail Credit grew by 12.52% with Housing loan at 17.01%. Gold Loan grew by 32.86% with Portfolio amount of Rs.1,08,794 crore. Gross NPA Ratio stood at 6.37% down by 205 bps. Net NPA Ratio stood at 2.19% down by 102 bps. Provision Coverage Ratio (PCR) at 85.36% improved by 292 bps. CRAR stood at 16.51% as at Sep 2022. Out of which CET1 is 11.14%. Return on Equity stood at 18.86% improved by 664 bps. Bank has shifted to new tax regime. The reduction in Deferred Tax is Rs. 2,451.60 crore. Result PDF20-10-2022
CANARA BANK - 532483 - Disclosure Of Security Cover Certificate For The Quarter Ended September 30, 2022
In compliance with Regulation 54 of the SEBl (Listing Obligations & Disclosure Requirements) Regulations, 2015, we enclose herewith the Security Cover Certificate for the Quarter ended September 30, 2022, as submitted by M/s Rao & Emmar, Chartered Accountants, one of the Statutory Central Auditors of the Bank. This is for your information and appropriate dissemination.20-10-2022
CANARA BANK - 532483 - Disclosure Of Related Party Transactions For The Half Year Ended 30.09.2022
In Compliance with the Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the enclosed Disclosure of Related Party Transactions of the Bank on consolidated basis in the format specified in accordance with applicable accounting standards for the Half Year ended September 30, 2022. This is for your information and records.20-10-2022
CANARA BANK - 532483 - Disclosure In Terms Of Regulation 32(1) & 52(7)/7(A) Of SEBI (LODR) Regulations, 2015 - Statement Indicating Utilization Of Issue Proceeds And /Or Deviation Or Variation For The Quarter Ended September 30, 2022
This is to inform the Stock Exchanges that in accordance with the captioned regulations read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019 and Circular No. SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/0000000103 dated July 29, 2022, Deviation/ Variation in Utilization of funds raised for the Quarter ended 30.09.2022 is NIL. Statement indicating Utilization of issue proceeds and/or Deviation or Variation for the Quarter ended September 30, 2022 is enclosed herewith. This is for your information and appropriate dissemination.20-10-2022
CANARA BANK - 532483 - Announcement under Regulation 30 (LODR)-Investor Presentation
We herewith enclose a copy of Investor Presentation / Performance Highlights on the Unaudited (Reviewed) Financial Results (Standalone and Consolidated) for the Second Quarter/ Half Year ended 30.09.2022.20-10-2022
CANARA BANK - 532483 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
We herewith enclose a copy of the Press Release on the Unaudited (Reviewed) Financial Results (Standalone and Consolidated) for the Second Quarter / Half Year ended 30.09.2022.20-10-2022
CANARA BANK - 532483 - Outcome Of Board Meeting - Unaudited (Reviewed) Financial Results (Standalone & Consolidated) For The Second Quarter / Half Year Ended 30.09.2022
This is to inform the Stock Exchanges that the Board of Directors of the Bank has approved the Unaudited (Reviewed) Financial Results (Standalone & Consolidated) for the Second Quarter / Half Year ended 30.09.2022 at its meeting held today on 20.10.2022 (Thursday). A copy of the Unaudited (Reviewed) Financial Results (Standalone & Consolidated) is enclosed along with the Limited Review Report of the Auditors.20-10-2022
CANARA BANK - 532483 - Board Meeting Outcome for Outcome Of Board Meeting - Unaudited (Reviewed) Financial Results (Standalone & Consolidated) For The Second Quarter / Half Year Ended 30.09.2022
This is to inform the Stock Exchanges that the Board of Directors of the Bank has approved the Unaudited (Reviewed) Financial Results (Standalone & Consolidated) for the Second Quarter / Half Year ended 30.09.2022 at its meeting held today on 20.10.2022 (Thursday). A copy of the Unaudited (Reviewed) Financial Results (Standalone & Consolidated) is enclosed along with the Limited Review Report of the Auditors.20-10-2022