28 Jan 2022 , 04:42 PM
During the quarter, there was a sharp increase in revenues in retail banking. However, revenues were lower yoy for treasury, corporate banking and insurance.
Operating losses of the corporate banking operations widened sharply in the quarter. Net interest income NII was up 14.11% while CASA deposits increased by 10.28%.
For the Dec-21 quarter, provisions for loan losses were lower by 57% at Rs2,246cr compared to Rs4,213cr in the Dec-20 quarter. Fee income for the first nine months grew by 21.54%. Gross NPAs at 7.8% were lower by 62 bps yoy basis.
Net margins expanded from 3.08% in the Dec-20 quarter to 7.25% in the Dec-21 quarter. Net margins were also higher sequentially.
Financial highlights for Dec-21 compared yoy and sequentially
Canara Bank | |||||
Rs in Crore | Dec-21 | Dec-20 | YOY | Sep-21 | QOQ |
Total Income (Rs cr) | ₹ 22,843.51 | ₹ 24,376.16 | -6.29% | ₹ 23,876.00 | -4.32% |
Net Profit (Rs cr) | ₹ 1,657.06 | ₹ 749.73 | 121.02% | ₹ 1,314.41 | 26.07% |
Diluted EPS (Rs) | ₹ 9.13 | ₹ 5.01 | ₹ 7.66 | ||
Net Margins | 7.25% | 3.08% | 5.51% |
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.