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Canara Bank
Q4FY23 Quarterly Result Announced for Canara Bank
Canara Bank announced Q4FY23 results:
- Global business stood at Rs 20,41,764 crore, which grew by 11.72%
- Net profit stood at Rs 3,175 crore, which grew by 90.63%
- Operating profit stood at Rs 7,252 crore and grew by 16.94%
- Gross advances grew by 16.41%
- Net interest income grew by 23.01%
- Cost to income ratio down by 137 bps
- Gold loan grew by 33.82% with a portfolio amount of Rs1,23,185 crore
- RAM credit grew by 13.23%, it constitutes 55% of total advances
- Retail credit grew by 10.91% with housing loans at 14.27%
- Gross NPA ratio stood at 5.35% down by 216 bps
- The net NPA ratio stood at 1.73% down by 92 bps
- The provision coverage ratio (PCR) at 87.31% improved by 314 bps
- CRAR stood at 16.68% as of March 2023. Out of which CET1 is 11.59%
- Return on equity stood at 19.49%, improved by 667 bps
- Return on assets stood at 0.95%, improved by 38 bps
- Net interest margin stood at 3.07%, improved by 14 bps
- The board of directors has recommended a dividend of Rs 12 per equity share (120%) for FY23, subject to requisite approvals.
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