Canara Bank — Q4 FY25
Canara Bank reported a strong Q4 FY25 with net profit crossing INR 5,000 crore for the first time, up 33.19% YoY.
bullish
high
✓ Verified against BSE filing
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
83%Questions answered0Evaded / deflected12Questions audited
Partial answer
High priority
How did the SR reversal and provisions net to INR 1,831 crore?
Asked by Ashok Ajmera
Management explained the use of the benefit but did not reconcile the exact INR 1,831 crore figure.
did not provide exact netting breakdownfocused on PCR improvement instead
Read the exchange
Question
So net net the net provision overall is INR 1,831 crore. So can somebody unfold how this figure has finally come to.
K Satyanarayana Raju, CEO
the overall whatever the benefit we got through that SRs reversal, provisioning reversal and all, we could use it for strengthening our provision coverage ratio, PCR.
Answered
High priority
How much of the SR reversal went to profit vs provisions?
Asked by Ashok Ajmera
Management clearly quantified the split: INR 500 crore to profit, INR 600 crore to provisions.
Read the exchange
Question
how much of that profit is due to change in the norm that SR reversal provision, isn't it?
Santosh Majumdar, Executive Director
That 1,100 crore is actually that reversal happened, and out of that 1,100 crore, 500 crore has gone into what you see as part of the profit. Another 600 crore we have made a provision...
Partial answer
Medium priority
Is PSLC commission income sustainable going forward?
Asked by Ashok Ajmera
Management gave directional view but no quantitative forecast for PSLC income.
no specific income guidance given
Read the exchange
Question
Now going forward, whether this can be taken as a normal income coming regularly to the bank, or we may say that it may or may not accrue in future?
K Satyanarayana Raju, CEO
maybe my quantum may reduce in the selling in the market from 80,000 to 40,000 or 50,000. But my income may not be reduced because the demand will be very high and the commission will be very high.
Answered
High priority
What is the total write-off pool and visibility on recovery?
Asked by Mahrukh
Management provided the total write-off pool size and expressed confidence in sustained recovery.
Read the exchange
Question
So what is your total write-off pool and what is the visibility on this? Because now we've even crossed SBI's, right?
K Satyanarayana Raju, CEO
With whatever we have a book of almost INR 70,000 crore as on date also... we are sure that this year also we will continue to perform at the same level in the recovery of accounts.
Answered
Medium priority
What explains the sharp jump in other interest income?
Asked by Mahrukh
Management explained the source and confirmed it is not one-off.
Read the exchange
Question
in the interest income breakdown... there is a sharp jump over Q3 of FY23. Right? So it has increased by around INR 300 crore. So is there a one-off tax refund?
K Satyanarayana Raju, CEO
Other interest is nothing but when you have a surplus or the available liquidity funds in your system... That will be used in the overnight call money markets... There is no one time on that.
Answered
Medium priority
How were agri gold loans converted to retail gold?
Asked by Mahrukh
Management clearly explained the reclassification and new product.
Read the exchange
Question
My third thing is if you can explain how the retail gold, how the agri gold loans were converted to retail gold loans?
K Satyanarayana Raju, CEO
Because in metropolitan we stopped lending that... It is a little bit shifting from agriculture purposes to the RAM credit, the retail credit. Because we have come out with a new product.
Answered
High priority
Why does note say INR 1,700 crore reversal but you said INR 1,100 crore?
Asked by Kunal Shah
Management reconciled the difference between the note and their earlier statement.
Read the exchange
Question
it clearly says that it has reversed excess provisioning of 1,700 crores to P&L. But you said, like, it's only like 1,100 crores. So, not able to get that number.
K Satyanarayana Raju, CEO
It is 1,700 crore including March. But March provision was to be made. So when I reverse the SR quantum, then the requirement is 1,700 crore... 1,100 plus 600 becomes 1,700.
Answered
High priority
Which segments drove the sequential slippage increase?
Asked by Kunal Shah
Management provided specific segment-wise slippage numbers.
Read the exchange
Question
if you can just highlight in terms of the segments, is it largely MSME and agri which is leading to this kind of sequential increase?
K Satyanarayana Raju, CEO
It is only the three sectors. That is MSME, it is INR 1,250 crore. The agriculture is INR 750 crore. The retail is INR 650 crore.
Partial answer
Medium priority
How will new gold loan guidelines affect PSLC and business?
Asked by Piran Engineer
Management described the mechanism but did not quantify the impact on PSLC income or business.
no quantitative impact estimate
Read the exchange
Question
you said with the new guidelines, ability to sell PSLC will be less this year. Can you just broadly elaborate what you meant by that? Like how does this impact our business overall?
K Satyanarayana Raju, CEO
the business overall business it will not impact. But there will be some reclassification... Only classification purposes go the agriculture loans may available for the selling in the PSLC in the market itself may come down.
Answered
Medium priority
What is the cost of bulk deposits currently?
Asked by Piran Engineer
Management gave a specific rate range for bulk deposits.
Read the exchange
Question
What is the cost of bulk deposits today? How has it moved in the last one month?
K Satyanarayana Raju, CEO
Even now also it is ranging around 7%... if it is 1 year, it is around 7.10%. That is the percentage.
Answered
High priority
What is the yield on retail gold and how large can it become?
Asked by Jai
Management provided yield and growth guidance for retail gold.
Read the exchange
Question
Sir, what is the yield on this retail gold broad range? ... how big can this be?
K Satyanarayana Raju, CEO
It's above 9%, sir. ... this INR 48,000 crore can move up to INR 70,000 crore by FY26 end.
Partial answer
High priority
How will NIM be maintained despite rate cuts?
Asked by Jai
Management explained past actions but did not provide a clear offset for future rate cuts.
no specific NIM guidance for FY26offset not fully quantified
Read the exchange
Question
your 44% of the EBLR will see immediate repricing... How is it that your margin will held up? I mean, you have said that margin will decline more or less by 5 basis point only. So what is the offset?
K Satyanarayana Raju, CEO
we have given a call to focus more on the retail deposits and CASA... we could garner 17,000 crores... That has helped us in improving that 3 basis points in the NIM there.