Canara Bank532483Banking
Canara Bank kicked off banking earnings with a margin beat, strong deposit and loan growth, and improved asset quality, with MD Brijesh Kumar Singh commenting on NIM sustainability
By ScoutQuest · · 1 min read
- Deposit growth
- 18 percent
- Interest income growth
- 13 percent
- Treasury income decline
- 68 percent
- Fresh slippages growth QoQ
- 3.5 percent
- Credit deposit ratio
- 81 percent
Heard on business television between 15:02:48 - 15:05:48 IST.
- Margins expanded despite expected pressure from the FCNR(B) inflow window, as high-cost deposits were retired using these proceeds.
- Deposit growth was around 18% (interest income up 13% YoY), led by term deposits, though CASA mix remained below FY27 guidance.
- Treasury/non-interest income fell around 68% and profit on investment sales declined.
- Asset quality improved with GNPA/NPA better QoQ and lower provisions, though fresh slippages rose about 3.5% QoQ.
- Loan growth was around 18%, led by retail/vehicle financing; credit-deposit ratio crossed 80% to 81%, seen as high; cost-to-income ratio improved to about 47%.
- MD Brijesh Kumar Singh said NIM of 2.55% is sustainable, aided by a 25 bps rate cut benefit given 53% of the book is repo-linked, with some lag expected in deposit repricing.
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Source: Live TV News Channel · 14 Oct 2026
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