Steel exposure (RINL) SMA-2 account
A central government steel exposure (RINL) contributed to SMA-2 spike; resolution is ongoing but could slip into NPA if not resolved.
high · management_commentaryCanara Bank — Q2 FY25
Canara Bank reported a strong Q2 FY25 with net profit crossing ₹4,014 crore for the first time, up 11.31% YoY.
bullish
high
Financial stats pending filing verification
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Margin pressure from high deposit costs
CASA ratio at 31% keeps cost of deposits higher than peers; NIM may struggle to cross 3% in near term.
medium · management_commentaryState government account in SMA-2
Another large SMA-2 account (~₹3,000 crore) with state government guarantee; though currently moved to SMA-1, it remains a risk.
medium · analyst_questionCo-lending book remains negligible
Co-lending book is only ₹320 crore; management is cautious on underwriting standards, limiting growth in this segment.
low · data_observation