Income, Expenditure & Profit– Q3 FY17
Nine months (9M) FY17 Performance
è Operating profit increased to 5941 crore with a y.o.y growth of 8.02%.
è Net Profit for nine months FY17 aggregated to 908 crore.
è Total income stood at 36053 crore, including 22365 crore income from loans/advances.
è Total Expenses declined by 3.74 % to 30112 crore.
è Non-interest income for the nine months ended increased by 47.71% to 5158 crore.
è Overseas business constituted 7.26 % of the total business. Total business of 8 overseas branches stood at 61111crore.
è Clientele accounts increased to 7.63 crore from 7.10 crore last year.
Deposit Portfolio- Thrust on CASA & Retail Deposits
è CASA share (domestic) improved to 32.12% from 25.71% a year ago.
è Share of retail term deposits in term deposits increased to 62.30% compared to 51.41% last year.
Credit Portfolio- Thrust on Retail Assets
è Retail Assets (Agriculture, MSMEs, Housing & Other Retail Schemes) constitutes 59.36% of the Bank’s total credit portfolio, increased from 54.16% a year ago.
è Credit to Micro, Small and Medium Enterprises (MSMEs) recorded a y.o.y growth of 6.34% to 70442 crore.
è Credit to M&SE segments reached 50518 crore. The number of Micro Enterprises Accounts recorded a growth of 8.72%.
è Achieved the mandated targets in respect of Total Priority (48.06% against 40% ANBC norm), Agriculture (21.39% against 18% ANBC norm), credit to specified minority communities (17.39% against 15% norm) and weaker sections (14.53% against 10% ANBC norm). Credit to women beneficiaries (14.18% against 5% norm).
è Vehicle loans and other personal loans recorded good growth of 14.98% (4748 crore) and 13.34% (13204 crore) respectively.
è Education Loan Portfolio increased to 7517 crore, with a y.o.y growth of 14.85%, covering over 2.99 lakh students.
è Capital Adequacy Ratio as per Basel III norms improved to 12.28%, up from 11.54% a year ago, with CET 1 ratio at 8.11% & Tier I ratio at 9.01%.
è Government shareholding is at 66.30%.
è Comfortable capital position for assets growth.
è Net NPA ratio at 6.72% compared to 6.69 as at September 2016.
è Gross NPA ratio moderately increased to 9.97% from 9.81% as on September 2016
è Cash Recovery during the quarter at 1021 crore taking the cumulative figure to 2979 crore for the nine months.
Pradhan Mantri Jan Dhan Yojana (PMJDY)
è 3.98 lakh PMJDY account holders have been provided with overdraft facility, amounting to 67.61 crore.
è 71 Financial Literacy Centres (FLCs) opened at District/Block levels, educating 10.76 lakh persons.
è 172 lakh residents have been enrolled under Aadhaar.
è 205.38 lakh accounts were Aadhaar seeded, of which 38.45 lakh accounts under PMJDY accounts.
è As a part of grievances redressal mechanism for customers, the Bank established Toll free number 1800 425 11222.
Social Security Schemes
è 63.47 lakhs enrolments have been done under both Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY- 18.38 lakhs) & Pradhan Mantri Suraksha Bima Yojana (PMSBY– 45.08 lakhs) as at December 2016.
è Under Atal Pension Yojana (APY) the Bank has cumulatively mobilized 1.12 lakhs accounts.
è Under Sukanya Samriddhi Yojana, 17393 accounts have been mobilized.
Pradhan Mantri Mudra Yojana (PMMY)
A Holistic Approach to Financial Inclusion (FI)
è The Bank has provided banking facilities in all the allotted 10049 villages.
è Covered all 3962 allotted SSAs by opening of 875 Brick & Mortar branches and engaging Business Correspondent agents.
è Besides FI branches, the Bank has opened 473 Ultra Small Branches.
è Financial Inclusion branches have garnered business of 14955 crore. The CASA component of FI branches stood at 59%, amounting to 4388 crore.
è 18 Micro Finance branches have garnered a total business of 523 crore under Urban Financial Inclusion.
è The Bank has formed 531 farmers’ clubs.
è 22556 Self Help Groups (SHGs) have been formed and 24574 SHGs have been credit linked to the extent of 698 crore. Exposure under SHGs increased to 2310 crore under 1.19 lakh SHGs.
è Business Correspondent Agents have done 62 lakh transactions, amounting to 1005 crore during the year till December 2016.
Enhanced Delivery Channels & Digital Footprints
è The total branch network of the Bank increased to 5972, including 8 overseas branches (London, Leicester, Johannesburg, New York, Hong Kong, Manama, Shanghai and Dubai).
è Total number of ATMs further expanded to 10394. 187 e-lounges were functional across major cities.
è Debit card base rose to 3.12 crore.
è 40.31 lakhs Mobile Banking and 27.08 lakhs Net Banking users.
è Ratio of e-transactions stood at 51.26%.
è Major branch transformation with 1211 Shikhar Branches for better customer service to drive business.
New Products & Important Customer-friendly Technology Initiatives
è Canara Empower, Unified Payment Interface (UPI) for single platform in accessing multiple bank accounts.
è Canara mserve that enables customer to Hot list and Block/Unblock Cards.
è Canara Cart, an umbrella app containing all mobile based solutions.
è Canara Swipe, all missed call soloution in single Application.
è Canara GeoLocate Mobile App for locating Branch and ATMs
è Green Pin in ATMs to generate Debit Card PIN at the time of fresh issuance of Card and also when the customer forgets the PIN.
è CANARA TECH Support for structured resolution of queries related to Tech products.
Awards & Accolades
The Bank was conferred with the following Major Awards in Q3FY17:
è “SKOCH ORDER OF MERIT” and “SKOCH SILVER” Awards for Bancassurance & Empower UPI Mobile App during the 46th Skoch Summit.
è Indy Wood CSR Excellence Award, 2016, for outstanding achievement in Corporate Social Responsibility (CSR) by Indywood Film Carnival.
è 4th SME excellence award by ASSOCHAM.
è FICCI CSR AWARD- Social Responsible Bank under Women empowerment.
è “Star Performer Award” in the 31st Depository Participant Conference.
Goals: March 2017
è Thrust on Retail Business & Asset Quality- CASA & retail deposits, retail credit, fee income, containing NPA, recovery & upgradation and improving operational financial ratios, such as, NIM, RoA, RoE and Cost-to-Income.