Q4 2026 Canara Bank Ltd Earnings Call Transcript
Key Points
- Canara Bank (BOM:532483) reported a 12.11% growth in global business, reaching INR28.0 lakh crores.
- The bank's global advances grew by 15.30%, standing at INR12.37 lakh crores.
- Net profit for the year increased by 12.69%, totaling INR19,187 crores.
- The provision coverage ratio improved by 151 basis points, reaching 94.21%.
- Retail credit saw significant growth of 32.93%, with housing and vehicle loans increasing by 17.55% and 26.33%, respectively.
- Operating profit and net profit decreased by INR2,361 crores compared to the previous quarter.
- Treasury income declined significantly from INR1,050 crores to INR272 crores.
- Recovery from written-off accounts decreased to INR1,646 crores from INR2,051 crores in the previous quarter.
- Net Interest Margin (NIM) was lower than expected, with a quarterly NIM of 2.54% and an annual NIM of 2.51%.
- The bank anticipates additional provisions of up to INR10,000 crores due to new ECL guidelines, which could impact future profitability.
Good evening, everyone. We welcome you to Canara Bank's Q4 FY26 Earnings Conference Call. I would like to thank the Canara Bank management team for giving us the opportunity to host this call.
From the management side, we have with us Shri Hardeep Singh Ahluwalia, Executive Director; Shri S K Majumdar, sir, Executive Director; and Shri Sunil Kumar Chugh, Executive Director.
With this, I now hand over the call to MD, sir, for his opening remarks, post which we will start the Q&A session. Thank you, and over to you, sir.
Good evening to all. Let me first share the highlights of Canara Bank results. So our global business stood at INR28.0 lakh crores, and it grew by 12.11%. Our global deposits grew by 9.71% and stood at INR15.68 lakh crores. Our global advances grew by 15.30% and stood at INR12.37 lakh crores.
Net interest income for the quarter was INR9,808 crores. It grew by 3.88% YoY. Our operating profit for the full year is
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