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.
CANBK / Q2-FY25 / risks
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Canara Bank · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
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.
State 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.
Co-lending book remains negligible
Co-lending book is only ₹320 crore; management is cautious on underwriting standards, limiting growth in this segment.