25 Oct 2022 , 12:54 AM
Revenue growth was 15.25% in sequential terms. Higher rates and good transmission saw Canara Bank realizing better yields on its investments and its loans given out.
While revenues from treasury fell and insurance revenues were flat, the bank saw growth in revenues in the retail banking and the corporate banking segments.
Retail banking saw operating profits grow by nearly 160% in Q2FY23.
Gross NPAs fell from 8.44% to 6.37% yoy while the net NPAs were down from 3.21% to 2.19%.
PAT margins were up at 9.89% in the Sep-22 quarter compared to 5.51% in the Sep-21 quarter and a relatively healthier 9.18% in June 2022 quarter.
Capital adequacy ratio was comfortable at 16.58% while the Tier1 Capital ratio stood at 11.23%; both well above the statutory requirement.
Financial highlights for Sep-22 compared yoy and sequentially
Canara Bank | |||||
Rs in Crore | Sep-22 | Sep-21 | YOY | Jun-22 | QOQ |
Total Income (Rs cr) | ₹ 27,358 | ₹ 23,876 | 14.59% | ₹ 23,739 | 15.25% |
Net Profit (Rs cr) | ₹ 2,706 | ₹ 1,314 | 105.84% | ₹ 2,180 | 24.12% |
Diluted EPS (Rs) | ₹ 14.91 | ₹ 7.66 | ₹ 12.02 | ||
Net Margins | 9.89% | 5.51% | 9.18% |
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