CANBK / Q1-FY24 / claim-ledger

Audit the questions that mattered.

Canara Bank · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ1-FY24 · 2023-07-20Back to quarter ↗

Questions audited

Answered directly

96%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Mona Khetan · Dolat Capital Market Pvt Ltd

direct

Gold loan book composition, yields, and branch network for gold lending.

gold loan portfolio, our average yield is around 8.80%. majority is from the agriculture lending. around 85% will be the agriculture gold.

Mona Khetan · Dolat Capital Market Pvt Ltd

direct

Number of branches enabled for gold lending now vs 2-3 years ago.

Almost 100%, we doubled that network, madam. Earlier it was around the INR 3 thousand, now we increased it to INR 6 thousand.

Mona Khetan · Dolat Capital Market Pvt Ltd

direct

Prudential provisions beyond NPA and standard asset provisions.

we have provided more than INR 800 crore beyond the requirement. we want to, till we reach at par with other banks, we continue to provide these additional amounts every quarter, to see that our PCR crosses 90%.

Mahrukh Adajania · Nuvama Wealth Management Limited

direct

Margin outlook given deposit growth and loan pick-up in busy season.

we are confident that we can manage our NIM at 3% and little above the 3%.

Mahrukh Adajania · Nuvama Wealth Management Limited

direct

Loan growth guidance for the year.

we have given a guidance that this year we show a growth of reasonable growth of 10.5% in the loan growth. we are expecting our credit growth will be between the 12%-14%.

Mahrukh Adajania · Nuvama Wealth Management Limited

direct

PSLC income pattern across quarters.

in the first quarter, you get a higher margins. Second quarter, something will be there, but not in line with the first quarter. third, fourth, nothing much, very nominal amount.

Sridhar Sivaram · Enam Holdings

partial

Guidance on operating profit growth and full-year provisioning.

We expect that at this moment, a double-digit, we are confident that we can manage the double-digit growth. It will continue till we cross that 90% PCR, sir.

Sridhar Sivaram · Enam Holdings

direct

Dividend policy and expected dividend for the year.

being a public sector bank, we are supposed to announce a minimum 20% of our net profit as our dividend. we continue to give that minimum 20% dividend every year.

Jai Mundra · Batlivala & Karani Securities India Pvt Ltd

direct

Repricing of corporate loans and impact on yield.

80% has been repriced. The remaining 20% will be there, because most of the corporate lending is MCLR linked. which will be repriced whenever it comes for that annual resetting.

Jai Mundra · Batlivala & Karani Securities India Pvt Ltd

direct

Offset to declining PSLC income in later quarters to maintain ROA.

the Q2, since already INR 25,000 crore, absolute numbers, advances have increased. we wish to compensate with the interest income. recoveries will be very high. fee income also, it contributes quarter on quarter.

Saket Kapoor · Research desk

direct

Interest on RBI balances and other interest income composition and outlook.

It's a component of interest on call money and deposit with banks, reverse repo, CBLO. I think it should be above INR 1,000 crores, which we expected to garner, maybe a bit more also.

Pritesh Bumb · DAM Capital Advisors Limited

direct

GECL book outstanding and NPAs from that book.

GECL, we have sanctioned actually INR 21,000 crore. Out of that, INR 19,000 crore was disbursed. As on date, the balance outstanding was around INR 13,400 odd. Out of this, INR 800 crore has slipped to NPA.