Monday

06


February , 2023
Global Business of canara bank grew in 2022
17:30 pm

B.E. Bureau


Canara bank is running on positives as their Global Business have increased by 13.63% (y.o.y) to Rs.20,14,443 cr as at Dec 2022 with Global Deposits at Rs.1163470 cr 11.51% (y.o.y) and Global Advance (gross) at Rs 850973 cr 16.65% (y.o.y). Domestic Deposit of the Bank stood at Rs.1079700 Cr as at Dec 2022 with growth of 9.21% (y.o.y). Domestic Advances (gross) of the Bank stood at  Rs.800907 Cr as at Dec 2022 grew by 14.11% (y.o.y). Retail lending Portfolio increased 11.30% (y.o.y) to Rs. 137007 Cr as at Dec 2022. Housing Loan Portfolio increased 15.81% y.o.y to Rs. 81916 Cr and Advances to Agriculture grew by 20.61% (y.o.y) to Rs.203312 Cr as at Dec 2022.

Gross Non-Performing Assets (GNPA) ratio reduced to 5.89% as at Dec 2022 down from 6.37% as at Sep 2022, 7.80% as at Dec 2021. Net Non-Performing Assets (NNPA) ratio reduced to 1.96% as at Dec 2022 down from 2.19% as at Sep 2022, 2.86% as at Dec 2021. Provision Coverage Ratio (PCR) stood at 86.32% as at Dec 2022 against 85.36% as at Sep 2022, 83.26% as at Dec 21. CRAR stood at 16.72% as at Dec 2022 (16.51% as at Sep 2022). Out of which Tier-I is 13.68% (13.40% as at Sep 2022), CET1 is 11.45% (11.14% as at Sep 2022) and Tier-II is 3.04% (3.11% as at Sep 2022).

The Bank has achieved Targets in Priority Sector at 47.47% and Agricultural Credit at 21.33% of ANBC as at Dec 2022, as against the norm of 40% and 18% respectively. Credit to small and marginal farmers stood at 15.34% of ANBC, against the norm of 9.50%. Credit to Weaker Sections stood at 22.31% of ANBC, against the norm of 11.50%. Credit to Micro Enterprises stood at 10.29% of ANBC, against the norm of 7.50%. Credit to Non Corporate Farmers stood at 17.05% of ANBC, against the norm of 13.78%. As on 31.12.2022, the Bank has 9720 Number of Branches, out of which 3049 are Rural, 2744 Semi-Urban, 1998 Urban & 1929 Metro along with 10745 ATMs. Bank is also having 3 Overseas Branches in London, New York and Dubai.

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