Canara Bank Management Guidance Tracker

Management expects net interest margin to stabilize between 2.45% and 2.50% even if further repo rate cuts occur, supported by deposit repricing and RAM growth.

Net interest margin is expected to sustain at 2.5-2.6% in FY27, supported by conscious pricing on deposits and focus on high-yield RAM credit.

Return on assets is guided to be above 1% for the full year, despite the absence of one-time listing gains.

Despite initial guidance of 10-11%, management expects credit growth to remain above 13% in Q4, driven by RAM sector momentum.

Management guided for 11-12% advances growth, but expressed confidence in exceeding this, similar to last year's 10-11% guidance which ended at 15.30%.

Expected additional provisioning under ECL norms is ~₹10,000 crore, which will be spread over four years, with annual impact of ₹2,000-2,500 crore easily absorbable from profits.

Management expects recovery from written-off accounts to remain above ₹2,000 crore per quarter, similar to current run rate.

The bank estimates a total ECL provision requirement of about ₹10,000 crore, which can be staggered over four years, with profits of ₹19,000-20,000 crore providing ample buffer.