CANARA BANK Q3 FY25 Results

Summary

Canara Bank has reported a 12.25% year-over-year increase in net profit for the third quarter and nine months ended 31st December 2024. The global business of the bank grew by 9.30% YoY, global deposit increased by 8.44% YoY, and gross advances stood at ¥10,49,706 Cr, grew by 10.45% YoY. The bank's fee base income stood at ¥ 2,185 Cr, up by 23.31%. The provision coverage ratio (PCR) improved to 91.26%, and the gross NPA ratio stood at 3.34%, improved by 105 bps. The bank's credit cost stood at 0.89%, improved by 8 bps, and the slippage ratio stood at 0.96%, improved by 28 bps.

Key Highlights

1. 1

   Net Profit up by 12.25% YoY

2. 2

   Global Business up by 9.30% YoY

3. 3

   Global Deposit up by 8.44% YoY

4. 4

   Gross Advances up by 10.45% YoY

5. 5

   Fee Base Income up by 23.31%

6. 6

   Provision Coverage Ratio (PCR) at 91.26%

7. 7

   Gross NPA Ratio at 3.34%, improved by 105 bps

8. 8

   Slippage Ratio at 0.96%, improved by 28 bps