Q1 2025 Canara Bank Ltd Earnings Call Transcript
Key Points
- Canara Bank (BOM:532483) reported a 50 basis points reduction in return on equity, indicating improved efficiency.
- The RAM sector, which constitutes 15% of the total credit portfolio, grew by 1.26%, showing strong sectoral performance.
- The bank's lending has grown by 3.5% in Russia, indicating international expansion.
- The share price increased by 1.19% during the quarter, reflecting positive market sentiment.
- The bank maintained a strong credit cost at 14.0%, indicating effective risk management.
- There was a dip in the margin, which is closer to the lower end of the guided range of 2.9 to 3.0.
- Slippages remained consistently around INR3,000 crores, indicating ongoing asset quality issues.
- The cost of funding went up slightly, impacting overall profitability.
- The outstanding restructured book remains a concern, with significant provisions required.
- The bank faces challenges in maintaining consistent non-interest income, which has shown volatility.
Good evening everybody. Sorry for the inconvinience. I am here to present the first quarter results of the financial year. Again one of consistency we want to show here. In Europe alone are the result of the value of Russian airlines, many of which are gaining our margins are already scheduling and shipments. I learned that lesson a fast-evolving myself on this financial year for again, what I have consistently now in onshore revenue meetings have everybody wrote them.
Our movie business has had seven more in terms of percentage manager and to recognize the wind, which will add to our malls and 11 because we had lower by high here, I'm talking about incentives that you stood on 13 blind leap now on global advanced, let's say, nine point basic channels, Signature name, and that's 29 points and say this is a this relative size gone global.
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