• Credit growth: RAM credit grew 21.03% YoY and 6.23% quarter-over-quarter; retail grew 31% YoY, agriculture 14% YoY, MSME 15.49% YoY, and corporate credit 17%-plus YoY. Global advances grew 19%-plus YoY and 6.32% quarter-over-quarter.
• Asset quality: The full-year guidance was 1.50%, while the half-year figure had reached 1.33%; quarterly slippages were 0.15%, or 0.58%, 0.60% annualized. Recoveries and upgrades exceeded slippages, and 87% of the large corporate book was A and above rated, up from 84%.
• Financial guidance: Capital adequacy was in excess of 17.19%, and the provision coverage ratio was more than 95%. Canara Bank said it would maintain NIM between 2.5 to 2.60 (then 2.53, or 2.55 for the quarter) and ROA between 1.01 to 1.05 (then 1.04), or do a little better.
• Overseas business: Overseas gross business was close to ₹2,60,000 crore, supported by branches in New York, London and Dubai, plus a GIFT City branch. Most underwriting was handled at GIFT City, with Dubai particularly supporting the bank in the Middle East.
• Rates and market response: Repo-linked advances reprice quickly, while deposit repricing happens with a lag; the impact also depends on market forces. Singh said the bank would focus on sustained performance and that good performance would be acknowledged by the market.