{"id":129511,"date":"2022-05-13T10:54:04","date_gmt":"2022-05-13T14:54:04","guid":{"rendered":"https:\/\/44.250.171.167\/?p=129511"},"modified":"2022-10-06T03:24:38","modified_gmt":"2022-10-06T07:24:38","slug":"canara-bank-q4-2022-research-tear-sheet","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/canara-bank-q4-2022-research-tear-sheet\/","title":{"rendered":"Canara Bank Q4 FY 2022 Research Tear Sheet"},"content":{"rendered":"\n<p>Canara Bank&nbsp;is the third largest&nbsp;nationalised bank&nbsp;in India. It was founded in 1906 on 1<sup>st<\/sup> July. The bank has its headquarter in Bangalore, India. As on 31.3.2022 the bank has 9734 number of Branches and 10817 ATMs as on 31.3.2022. The bank deal with the following products which include Asset management, Commercial banking, Credit cards, Investment banking, Mortgages, Pensions, Private banking and Retail banking. The shares are traded on both BSE and NSE.<\/p>\n\n\n\n<p><strong><u>Key Financial Highlights<\/u><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Rs (in Crores)<\/strong><\/td><td><strong>Mar&#8217;22<\/strong><\/td><td><strong>Mar&#8217;21<\/strong><\/td><\/tr><tr><td>Net Sales Turnover<\/td><td>17861.59<\/td><td>16315.52<\/td><\/tr><tr><td><strong>Total Income<\/strong><\/td><td><strong>22323.11<\/strong><\/td><td><strong>21522.6<\/strong><\/td><\/tr><tr><td>Operating Profit<\/td><td>8887.46<\/td><td>7087.63<\/td><\/tr><tr><td>EBITDA<\/td><td>13348.98<\/td><td>12294.71<\/td><\/tr><tr><td>EBIT<\/td><td>17057.66<\/td><td>16428.86<\/td><\/tr><tr><td>Profit and Loss<\/td><td>5374.9<\/td><td>5145.02<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong><u>Standalone Highlights<\/u><\/strong><\/p>\n\n\n\n<p>Net Profit improved by 64.90% to Rs.1666 Crores.<\/p>\n\n\n\n<p>Operating Profit increased by 18.80%.<\/p>\n\n\n\n<p>Net Interest income increased by 24.84%<\/p>\n\n\n\n<p><strong><u>Consolidated Highlights<\/u><\/strong><\/p>\n\n\n\n<p>Net Profit increased by 122% to Rs. 5678 Crores.<\/p>\n\n\n\n<p>Operating Profit grew by 17.27% to 23090 Crores.<\/p>\n\n\n\n<p>Net interest income improved by 9.46% to Rs.26384 Crores.<\/p>\n\n\n\n<p>Gross Advances increased &nbsp;by 9.77% to Rs. 741147 Crores.<\/p>\n\n\n\n<p><strong><u>Management Updates<\/u><\/strong><\/p>\n\n\n\n<p>There is a decline inGross Non-Performing Assets by 7.51%.<\/p>\n\n\n\n<p>There is a decline in Net Non-Performing Assets (NNPA) ratio by 2.65%.<\/p>\n\n\n\n<p>RoE increased by 611 bps and stood at 12.82.<\/p>\n\n\n\n<p>Recommended dividend is Rs. 6.50 per share.<\/p>\n\n\n\n<p>The bank is expecting a jump in ROA from 0.5% to 0.7%.<\/p>\n\n\n\n<p><strong><u>Business Updates<\/u><\/strong><\/p>\n\n\n\n<p>Canara Bank has increased the&nbsp; Fixed Deposit Interest Rate on deposit less than 2 Cr deposits.<\/p>\n\n\n\n<p>Canara Bank has condensed its stake to 5% &nbsp;in India Debt Resolution Company Ltd (IDRCL).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canara Bank&nbsp;is the third largest&nbsp;nationalised bank&nbsp;in India. It was founded in 1906 on 1st July. The bank has its headquarter in Bangalore, India. As on 31.3.2022 the bank has 9734 number of Branches and 10817 ATMs as on 31.3.2022. The bank deal with the following products which include Asset management, Commercial banking, Credit cards, Investment [&hellip;]<\/p>\n","protected":false},"author":1796,"featured_media":58681,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6352,9908],"tags":[151,8249],"class_list":["post-129511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-summary","category-research-tear-sheet","tag-banking","tag-banks"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":126843,"url":"https:\/\/alphastreet.com\/india\/infographic-canara-bank-post-q3-2022-results\/","url_meta":{"origin":129511,"position":0},"title":"Infographic: Canara Bank post Q3 2022 results","author":"Nishadkishore","date":"January 27, 2022","format":false,"excerpt":"Canara Bank Ltd (NSE: CANBK) posted its third-quarter 2022 results today. The company had a consolidated net income of \u20b922,843 crores with a decline of 6% year on year. 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Its segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations and Other Banking Operations. It has completed over a century in the industry and occupies a premier position in the comity of Indian banks. Financial Results: Canara Bank reported Revenues for\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-161.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-161.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-161.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-161.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-161.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-161.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":155400,"url":"https:\/\/alphastreet.com\/india\/canara-bank-q2fy24-40-rise-in-profits\/","url_meta":{"origin":129511,"position":2},"title":"Canara Bank Q2FY24; 40% rise in Profits","author":"Divyansh_Kasana","date":"October 27, 2023","format":false,"excerpt":"Canara Bank was founded in 1906 in Mangalore. 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