Canara Bank Management Guidance Tracker

Management guided for net interest margin to remain above 3%, with Q1 NIM at 3.05%.

Management guided NIM between 2.9% and 3.05% for coming quarters, depending on liquidity conditions.

Management expects credit cost to remain around 1% until PCR reaches 95%.

Despite one-time wage provisions, management is confident of achieving cost-to-income below 45% by Q4 FY24.

Net interest margin is expected to remain close to 3% despite pressure from rising deposit costs.

Despite tight liquidity, management expects NIM to remain in the 2.95%-3% range, with potential upside if liquidity eases.

Management expects to keep cost-to-income ratio at or below 47% despite wage revision and IT investments.

Management expects NIM to improve from 2.90% in Q1 to around 2.95% by year-end, driven by seasonal improvement in subsequent quarters.

Credit cost guidance of 1.10% is expected to be undershot; management sees it below 1% for the full year.

Management expects to maintain cost-to-income ratio in the 47-48% range, with annual expense growth of 6-7%.

Target RoA of 1.05% for FY26, with conservative approach and potential to surpass.

Net interest margin expected to be in the range of 2.75-2.80% for FY26, with some stress in H1 but recovery in H2.

NIM likely to bottom at 2.5% in Q2 FY26, with gradual recovery in H2 as deposit costs reprice, assuming no further rate cuts.

Management reiterated ROA target of 1.05% for the full year, with Q1 already at 1.14%.

Credit cost expected at 90bps for the year, though management expects to outperform due to improving asset quality.

Management expects credit cost to stay well below 1% going forward, even with ECL implementation in March 2027.

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

Net interest margin expected to stay between 2.5% and 2.6% in FY27.

Management confident of delivering return on assets above 1% despite ECL implementation.

Management expects loan growth in the range of 12-14% for the full year, with Q1 domestic credit growing over 3%.

Management expects advances to grow around 12% for the full year, driven by RAM segment.

Management expects domestic advances to grow around 11.5-12% for FY24, driven by RAM and selective corporate lending.

Management guided for 10% minimum but expects to achieve around 12% credit growth, driven by RAM and selective corporate lending.

Management aims to achieve 33% CASA ratio by end of FY25 through new products and digital initiatives.

Advances growth target of 10% for the full year, with Q1 already at 9.86% despite shedding INR 22,500 crore of low-yielding corporate loans.

Management guided for gross NPA to decline to 3.5% by year-end, from 4.14% in Q1, supported by controlled slippages and recoveries.

Management expects full-year credit growth of around 11%, driven by 3.5-4% quarterly growth in H2, despite shedding low-yielding advances.

RAM (Retail, Agriculture, MSME) credit is expected to grow faster than corporate, with retail growing 13-14% and MSME 9-10%.

Gold loan portfolio is expected to grow 16-17% this year, driven by a new digitized product for metro cities.

Management expects to achieve 10% advances growth for the full year, with current growth at 10.45% already exceeding the target.

Management expects loan book to grow at 10-11% in FY26, consistent with historical guidance.

Management expects overall credit growth of 10-11%, with RAM growing at 15% and corporate at 10%.

Management reiterated its guidance to achieve a CASA ratio of 32% by end of FY26, despite balance sheet growing at 14%.

Advances growth guidance of 10-11% has been surpassed; management expects to maintain current 13.59% growth momentum in Q4.

Management guided for 11-12% loan growth, but expects to exceed it as in prior years.

Management guided for gross NPA to decline to 4.50% by March 2024.

Management aims to increase provision coverage ratio to above 90% through additional provisions each quarter.

Management aims to increase provision coverage ratio to 90% by March 2024.

The bank aims to keep its global credit-deposit ratio below 78% to manage liquidity and cost of funds.

After the proposed RBI LCR guidelines, the bank plans to restore LCR to 115-120% by raising longer-tenure deposits at 7.3-7.4%.

Provision coverage ratio targeted to cross 95% to strengthen balance sheet against shocks.

Expected credit loss implementation from April 2027 will require additional provisions of ~INR 10,000 crore, to be spread over four years, with annual impact of INR 2,000-2,500 crore.

Management expects to maintain recovery run-rate of over INR 2,000 crore per quarter from written-off accounts, supported by multiple recovery channels.

Expected additional provisions of INR 10,000 crore under ECL, can be absorbed in one year or staggered over four years.

Bank plans to raise remaining AT1 and Tier 2 bonds of INR 6,100 crore when market conditions are favorable.

Board has approved raising INR 4,000 crore in AT1 bonds and INR 4,500 crore in Tier 2 bonds, subject to favorable market conditions.

Management expects net profit to exceed INR 20,000 crore for the full fiscal year, up from INR 17,400 crore last year.

The bank aims to reach a 60:40 split between RAM (retail, agriculture, MSME) and corporate loans by next fiscal year.