Rising deposit costs pressuring NIM
Management acknowledged that cost of deposits is rising and NIM may face pressure, though they aim to keep it near 3%.
medium · management_commentaryCanara Bank — Q3 FY24
Canara Bank reported a strong Q3 FY24 with net profit of INR 3,656 crore, driven by robust RAM sector growth (14.56% YoY) and controlled credit costs (0.97%, first time below 1%).
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
CASA ratio remains low at 31.65%
CASA growth (5.05% YoY) lags deposit growth (8.55%), impacting funding costs. Management has launched campaigns but no near-term target given.
medium · data_observationPotential slippages from MSME and agriculture
Fresh slippages of INR 2,697 crore were largely from MSME (INR 1,200 crore) and agriculture (INR 1,000 crore), which could persist.
medium · management_commentaryRegulatory risk weight increase impact on capital
RBI's higher risk weights on NBFC and personal loans reduced capital by 52 bps; CET1 ratio fell to 15.78% from 16.20%.
low · analyst_question