Canara Bank’s net profit remained flat at Rs 613 crore for
the fourth quarter ended March 2015 compared to Rs 611 crore in the
corresponding quarter last year. The gross non-performing assets (NPA) ratio as
percentage of total assets increased to 3.89% in March 2015 quarter from 2.49%
at March 2014.Net interest income or NII declined by 1.9% to Rs 2,486 crore in
the March quarter against Rs 2,535 crore in the Q4 last year.
@canarabanktweet Q4 disappointing at Rs 613 crore pic.twitter.com/wfsaDWTG3o
— Press Release Watch (@PrReleaseWatch) May 26, 2015
According to P.S.Rawat, Executive Director and acting MD
& CEO of Canara Bank 'In FY 15-16 the bank is targeting 14% growth in loan
disbursement if there is visible recovery in the manufacturing sector.' The
bank has plans to raise Rs.3000 crore during the current fiscal.
Other Highlights
Net profit at 2703 crore, up by 11% y.o.y.
Gross profit at 6950 crore, up by 2.3% y.o.y.
Total provisions at 4248 crore compared to 4358 crore in FY14
Non-interest income for FY15 at 4550 crore, up by 15.7% y-o-y.
ROAA for FY15 at 0.55% up from 0.54% last year.
ROE for FY15 at 11.06%, up from 10.59% last year.
NIM (Domestic) at 2.36% and NIM (Global) at 2.25%.
Total Business at 8.04 lakh crore, up by 11.4% y.o.y.
Total Deposits at 4.74 lakh crore, up by 12.6% y-o-y.
Advances (net) at 3.30 lakh crore, up by 9.6% y-o-y.
Continued growth in retail business- Priority Credit (21%), Agriculture (21%), MSME (21%), MSE (26%), Retail Lending (26%), Direct Housing Loans (29%), Vehicle Loans (22%) and other personal loans (80%).
Mandatory norms complied under Priority Credit, Agriculture, MSE (Accounts and Amount), Minority Communities, Weaker Section & women beneficiaries.
Gross NPA Ratio at 3.89% from 2.49% as at March 2014.
Net NPA ratio at 2.65% from 1.98% as at March 2014.
Record Cash Recovery at 5993 crore vis-à-vis 5494 crore last year.
Record increase in e-transactions to 50.21% from 43.84% last year.
930 branches and 2221 ATMs added, taking the total to 5682 branches and 8533 ATMs (the Highest ATM Network among Nationalized Banks).
Major Highlights: Q4 FY15
Net profit for Q4 FY15 at 613 crore.
Gross profit for Q4 FY15 at 1733 crore.
Total Provisions for Q4FY15 at 1120 crore.
Non-interest income for Q4FY15 at 1326 crore, up by 23.9% y-o-y.
Business Performance
• Global Deposits reached 473840 crore, with 12.6% y-o-y growth compared to 420723 crore as at March 2014.
• Global Advances (Net) reached 330036 crore, with 9.6% y-o-y growth compared to 301067 crore as at March 2014.
• Global Business reached 803876 crore, with 11.4% y-o-y growth compared to 721790 crore as at March 2014.
• Overseas business constituted 6% of the total business. Total business of 7 overseas branches increased to 51831 crore from 41094 crore last year.
• CASA ratio (domestic) stood at 25.47%.
• Clientele base increased to 6.58 crore from 5.55 crore last year. Over 1 crore clientele added during the year.
Income, Expenditure & Profit: FY15
• Gross Profit increased by 2.3% to 6950 crore compared to 6796 crore last year.
• Total provision made was at 4248 crore compared to 4358 crore last year. The provision for NPAs was at 3771 crore against 2135 crore last year.
• Net profit for the full year was at 2703 crore, posted a y.o.y growth of 10.8%.
• Total income increased by 11.1% to 48300 crore.
• Income from loans/advances increased by 12.7% to 32066 crore.
• Non-interest income increased by 15.7% to 4550 crore.
• Total expenses increased to 41350 crore compared to 36684 crore in FY14.
• Operating expenses was at 7264 crore compared to 6081 crore in FY14.
• Net Interest Income at 9664 crore increased by 8% compared to 8944 crore in FY14.
Important Ratios: FY15
• ROAA at 0.55% improved from 0.54% last year.
• ROE at 11.06% improved from 10.59% last year.
• Domestic Net Interest Margin (NIM) at 2.36% and Global NIM at 2.25%.
Income, Expenditure & Profit– Q4 FY15
• Gross profit stood at 1733 crore.
• Total provision made at 1120 crore compared to 1271 crore in Q4FY14. The provision for NPAs at 782 crore against 802 crore in Q4FY14.
• Net profit stood at 613 crore for Q4FY15.
• Total income increased to 12429 crore, with a y.o.y growth of 7.1%.
• Income from loans/advances increased to 8093 crore, with a y.o.y growth of 5.3%.
• Non-interest income at 1326 crore, grew by 24% y.o.y.
• Total expenditure increased to 10697 crore compared to 9728 crore in Q4FY14.
• Operating expenses increased to 2079 crore compared to 1723 crore in Q4FY14.
• Net interest income stood at 2486 crore.
Capital Adequacy
• Capital Adequacy Ratio as per Basel III norms stood at 10.56% (as against mandatory requirement of 9%). CET ratio at 7.37% (against mandatory requirement of 5%) and Tier I ratio of 8.02% (as against mandatory requirement of 6.5%). Government shareholding is at 69.91%. Adequate headroom available to raise capital to support business growth momentum.
Asset Quality
• Reflecting continued stress in the asset quality at the industry level, Gross NPA ratio was at 3.89% from 3.35% as at Dec’14 and 2.49% at March 2014.
• Net NPA ratio at 2.65% from 2.42% as at Dec’14 and 1.98% at March 2014.
• Cash Recovery aggregated to a record level of 5993 crore compared to 5494 last year.
• Upgradation was 2031 crore compared to 2853 crore last year.
• Recovery from prudentially written off accounts at 1351 crore accounted for 18.29% to outstanding amount. Recovery from bad debts amounts to 80.04 crore.
• The Bank’s outstanding restructured portfolio at 28371 crore constituted 8.62% of gross advances.
Diversified Credit Portfolio
• Achieved the mandated targets in respect of Total Priority (40.89% against 40% norm), Agriculture (20.36% against 18% norm), Direct Agriculture (17.79% against 13.5% norm), credit to specified minority communities (19.26% against 15% norm) and weaker section (13.37% against 10% norm). M&SE (26% y.o.y growth against 20% norm), Number of Micro Enterprises accounts (33% growth against 10% norm) & Credit to women beneficiaries (13.07% against 5% norm).
• Outstanding advances to various priority segments recorded a y.o.y growth 20.9% to reach 118234 crore.
• Advances under agriculture portfolio grew by 20.6% to 58868 crore.
• Assisted 23.96 lakh women beneficiaries to the tune of 37783 crore, constituting 13.07% of ANBC as against 5% norm.
• Credit to Micro, Small and Medium Enterprises (MSMEs) recorded a y.o.y growth of 21.1% to 60604 crore.
• Credit to M&SE segments reached 46305 crore, with a growth of 26.2% y-o-y (against mandated 20% norm). Share of Micro credit in M&SE improved to 60% from 55.84% last year. The number of Micro Enterprises Accounts recorded a growth of 33.2% against mandated norm of 10%.
• Advances to Weaker Sections reached 38649 crore, with a y-o-y growth of 29.4%.
• Lending to Specified Minority Communities reached 22766 crore, with a y-o-y growth of 28%.
• Retail Lending Portfolio increased to 42298 crore, with a y-o-y growth of 26.1%.
• Outstanding Direct Housing Loan Portfolio increased to 16480 crore, with a y-o-y growth of 28.5%.
• Vehicle loans and other personal loans recorded good growth of 21.6% and 80.3% respectively.
• Education Loan Portfolio increased to 5636 crore, with a y.o.y growth of 15%, covering 2.73 lakh students.
Performance under Pradhan Mantri Jan Dhan Yojana (PMJDY)
• Opened 64.76 lakh a/cs under PMJDY and secured a CASA deposit of 858 crore.
• 46.93 lakh Personalized RuPay debit Cards have been issued to PMJDY account holders.
Net profit at 2703 crore, up by 11% y.o.y.
Gross profit at 6950 crore, up by 2.3% y.o.y.
Total provisions at 4248 crore compared to 4358 crore in FY14
Non-interest income for FY15 at 4550 crore, up by 15.7% y-o-y.
ROAA for FY15 at 0.55% up from 0.54% last year.
ROE for FY15 at 11.06%, up from 10.59% last year.
NIM (Domestic) at 2.36% and NIM (Global) at 2.25%.
Total Business at 8.04 lakh crore, up by 11.4% y.o.y.
Total Deposits at 4.74 lakh crore, up by 12.6% y-o-y.
Advances (net) at 3.30 lakh crore, up by 9.6% y-o-y.
Continued growth in retail business- Priority Credit (21%), Agriculture (21%), MSME (21%), MSE (26%), Retail Lending (26%), Direct Housing Loans (29%), Vehicle Loans (22%) and other personal loans (80%).
Mandatory norms complied under Priority Credit, Agriculture, MSE (Accounts and Amount), Minority Communities, Weaker Section & women beneficiaries.
Gross NPA Ratio at 3.89% from 2.49% as at March 2014.
Net NPA ratio at 2.65% from 1.98% as at March 2014.
Record Cash Recovery at 5993 crore vis-à-vis 5494 crore last year.
Record increase in e-transactions to 50.21% from 43.84% last year.
930 branches and 2221 ATMs added, taking the total to 5682 branches and 8533 ATMs (the Highest ATM Network among Nationalized Banks).
Major Highlights: Q4 FY15
Net profit for Q4 FY15 at 613 crore.
Gross profit for Q4 FY15 at 1733 crore.
Total Provisions for Q4FY15 at 1120 crore.
Non-interest income for Q4FY15 at 1326 crore, up by 23.9% y-o-y.
Business Performance
• Global Deposits reached 473840 crore, with 12.6% y-o-y growth compared to 420723 crore as at March 2014.
• Global Advances (Net) reached 330036 crore, with 9.6% y-o-y growth compared to 301067 crore as at March 2014.
• Global Business reached 803876 crore, with 11.4% y-o-y growth compared to 721790 crore as at March 2014.
• Overseas business constituted 6% of the total business. Total business of 7 overseas branches increased to 51831 crore from 41094 crore last year.
• CASA ratio (domestic) stood at 25.47%.
• Clientele base increased to 6.58 crore from 5.55 crore last year. Over 1 crore clientele added during the year.
Income, Expenditure & Profit: FY15
• Gross Profit increased by 2.3% to 6950 crore compared to 6796 crore last year.
• Total provision made was at 4248 crore compared to 4358 crore last year. The provision for NPAs was at 3771 crore against 2135 crore last year.
• Net profit for the full year was at 2703 crore, posted a y.o.y growth of 10.8%.
• Total income increased by 11.1% to 48300 crore.
• Income from loans/advances increased by 12.7% to 32066 crore.
• Non-interest income increased by 15.7% to 4550 crore.
• Total expenses increased to 41350 crore compared to 36684 crore in FY14.
• Operating expenses was at 7264 crore compared to 6081 crore in FY14.
• Net Interest Income at 9664 crore increased by 8% compared to 8944 crore in FY14.
Important Ratios: FY15
• ROAA at 0.55% improved from 0.54% last year.
• ROE at 11.06% improved from 10.59% last year.
• Domestic Net Interest Margin (NIM) at 2.36% and Global NIM at 2.25%.
Income, Expenditure & Profit– Q4 FY15
• Gross profit stood at 1733 crore.
• Total provision made at 1120 crore compared to 1271 crore in Q4FY14. The provision for NPAs at 782 crore against 802 crore in Q4FY14.
• Net profit stood at 613 crore for Q4FY15.
• Total income increased to 12429 crore, with a y.o.y growth of 7.1%.
• Income from loans/advances increased to 8093 crore, with a y.o.y growth of 5.3%.
• Non-interest income at 1326 crore, grew by 24% y.o.y.
• Total expenditure increased to 10697 crore compared to 9728 crore in Q4FY14.
• Operating expenses increased to 2079 crore compared to 1723 crore in Q4FY14.
• Net interest income stood at 2486 crore.
Capital Adequacy
• Capital Adequacy Ratio as per Basel III norms stood at 10.56% (as against mandatory requirement of 9%). CET ratio at 7.37% (against mandatory requirement of 5%) and Tier I ratio of 8.02% (as against mandatory requirement of 6.5%). Government shareholding is at 69.91%. Adequate headroom available to raise capital to support business growth momentum.
Asset Quality
• Reflecting continued stress in the asset quality at the industry level, Gross NPA ratio was at 3.89% from 3.35% as at Dec’14 and 2.49% at March 2014.
• Net NPA ratio at 2.65% from 2.42% as at Dec’14 and 1.98% at March 2014.
• Cash Recovery aggregated to a record level of 5993 crore compared to 5494 last year.
• Upgradation was 2031 crore compared to 2853 crore last year.
• Recovery from prudentially written off accounts at 1351 crore accounted for 18.29% to outstanding amount. Recovery from bad debts amounts to 80.04 crore.
• The Bank’s outstanding restructured portfolio at 28371 crore constituted 8.62% of gross advances.
Diversified Credit Portfolio
• Achieved the mandated targets in respect of Total Priority (40.89% against 40% norm), Agriculture (20.36% against 18% norm), Direct Agriculture (17.79% against 13.5% norm), credit to specified minority communities (19.26% against 15% norm) and weaker section (13.37% against 10% norm). M&SE (26% y.o.y growth against 20% norm), Number of Micro Enterprises accounts (33% growth against 10% norm) & Credit to women beneficiaries (13.07% against 5% norm).
• Outstanding advances to various priority segments recorded a y.o.y growth 20.9% to reach 118234 crore.
• Advances under agriculture portfolio grew by 20.6% to 58868 crore.
• Assisted 23.96 lakh women beneficiaries to the tune of 37783 crore, constituting 13.07% of ANBC as against 5% norm.
• Credit to Micro, Small and Medium Enterprises (MSMEs) recorded a y.o.y growth of 21.1% to 60604 crore.
• Credit to M&SE segments reached 46305 crore, with a growth of 26.2% y-o-y (against mandated 20% norm). Share of Micro credit in M&SE improved to 60% from 55.84% last year. The number of Micro Enterprises Accounts recorded a growth of 33.2% against mandated norm of 10%.
• Advances to Weaker Sections reached 38649 crore, with a y-o-y growth of 29.4%.
• Lending to Specified Minority Communities reached 22766 crore, with a y-o-y growth of 28%.
• Retail Lending Portfolio increased to 42298 crore, with a y-o-y growth of 26.1%.
• Outstanding Direct Housing Loan Portfolio increased to 16480 crore, with a y-o-y growth of 28.5%.
• Vehicle loans and other personal loans recorded good growth of 21.6% and 80.3% respectively.
• Education Loan Portfolio increased to 5636 crore, with a y.o.y growth of 15%, covering 2.73 lakh students.
Performance under Pradhan Mantri Jan Dhan Yojana (PMJDY)
• Opened 64.76 lakh a/cs under PMJDY and secured a CASA deposit of 858 crore.
• 46.93 lakh Personalized RuPay debit Cards have been issued to PMJDY account holders.