{"id":182615,"date":"2026-05-11T07:46:37","date_gmt":"2026-05-11T11:46:37","guid":{"rendered":"https:\/\/alphastreet.com\/india\/canara-bank-ltd-canbk-q4-2026-earnings-call-transcript\/"},"modified":"2026-05-11T07:46:37","modified_gmt":"2026-05-11T11:46:37","slug":"canara-bank-ltd-canbk-q4-2026-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/canara-bank-ltd-canbk-q4-2026-earnings-call-transcript\/","title":{"rendered":"Canara Bank Ltd (CANBK) Q4 2026 Earnings Call Transcript"},"content":{"rendered":"

Note:<\/strong> This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon.<\/em><\/p>\n

Canara Bank Ltd (NSE: CANBK) Q4 2026 Earnings Call dated May. 11, 2026<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Hardeep Singh Ahluwalia<\/strong> \u2014 Managing Director and Chief Executive Officer<\/em><\/p>\n

S.K Majumdar<\/strong> \u2014 Executive Director<\/em><\/p>\n

Analysts:<\/h2>\n

Param Subramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Ashok Ajmera<\/strong> \u2014 Analyst<\/em><\/p>\n

Sushil Choksey<\/strong> \u2014 Analyst<\/em><\/p>\n

Jai Mundra<\/strong> \u2014 Analyst<\/em><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Mahrukh Adajania<\/strong> \u2014 Analyst<\/em><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Gaurav Jani<\/strong> \u2014 Analyst<\/em><\/p>\n

Ashlesh Sonje<\/strong> \u2014 Analyst<\/em><\/p>\n

Parth Gupta<\/strong> \u2014 Analyst<\/em><\/p>\n

Dixit Doshi<\/strong> \u2014 Analyst<\/em><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Presentation:<\/h2>\n

Param Subramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Yeah. So let’s start. Good evening everyone. We welcome Canada Banks Q4FY26 earnings conference call. I would like to thank the Canada bank management team for giving us the opportunity to host this call from the management side. We have with us Sri Hardeep Singh Aluwalia, M.D. And CEO Sri Bhavendra Kumar executive director Sri S.K. Mazumdar sir executive director and Sri Sunil Kumarchuk Executive Director. With this I now hand over the call to MD sir for his opening remarks post which we will start the Q and A session.<\/p>\n

Thank you. And over to you sir.<\/p>\n

Hardeep Singh Ahluwalia<\/strong> \u2014 Managing Director and Chief Executive Officer<\/em><\/p>\n

Good evening to all. Let me first share the highlights of Kendra bank results. So. Our global business stood at 28.0 lakh crore and it grew by 12.11%. Our global deposits grew by 9.71% and stood at 15.68 lakh crores. Our global advances grew by 15.30% and stood at 12.37 lakh crores. Net interest income for the quarter was 9,808 crores. It grew by 3.88%. Our operating profit for the full year is 33,019 crores and it grew by 5.19%. Our net profit for entire year was 19,187 crores and it grew by 12.69%.<\/p>\n

Our provision coverage ratio improved by 151 basis point and stood at 94.21%. Our credit cost it reduced by 33 basis point and stood at 0.59%. Our GNPA for the entire year there was a yuy decline of 110 basis point. It stood at 1.84%. Our net NPA. There was a decline of 27 basis point year on year and stood at 0.43%. We are proposing a dividend of 210% of paid up capital. And our share price is 2. So the proposed dividend is 4 rupees 20 paisa per share. The credit your advances growth was led by Ram credit.<\/p>\n

The Ram credit grew by 19.73% and stood at 7.30 lakh crore. Retail credit grew by 32.93% and stood at 22.96 lakh crore. Housing loan grew by 17.55% and stood at 1.24 lakh crore. Vehicle loan grew by 26.33% and stood at 26,070 crores. MSME credit grew by 12.85% and stood at 1.57 lakh crores. Our earnings per share improved by 12.68% and is at 21.15. Our CRAR improved by 71 basis points and stood at 17.04%. Our slippage ratio 12 month is 0.69 which declined by 21 basis point. So these are the all key highlights of our performance.<\/p>\n

Joining me is Sri Bhavinderji Shri Bajumdar Sahib, Shrimp Choke Saab and all my vertical heads to take all your queries and answers. Thank you.<\/p>\n

Param Subramanian<\/strong> \u2014 Analyst<\/em><\/p>\n

Thank you. We will now start the question and answer session. Participants who have a question please raise your hand. The first question is from the line of Mr. Ashok Ajmera. Thank you. And over to you, sir.<\/p>\n

Questions and Answers:<\/h2>\n

Ashok Ajmera<\/strong><\/p>\n

Yeah. Good evening sir.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Good evening. Ajmera Saab.<\/p>\n

Ashok Ajmera<\/strong><\/p>\n

As far as the business is concerned, the business growth is good. I mean especially if you look at the credit growth you have grown in this quarter also by 3.79 or 8.0percent and overall for the whole year 15.30%. So on the business front there is no concern. I mean you are growing well, much above the targets which you had given. But sir, however this, there is a pressure on the profitability in the bank. I mean both the operating profit and net profit has gone down which is generally not seen in the other peer four, five banks of your size.<\/p>\n

That the operating profit has gone down by 2,361 crore as compared to the last quarter. Only where I can understand in which there must be some gain of that. HSBC Canada at the treasury front. But still the treasury income also has gone down even comparatively. Also if you net IT out from 1050 crore to 272 crores and the recovery from the return of account also which generally should be better in the March quarter has also gone down to 1646 crore against 2051 crores the last quarter. So sir, on the profitability front and, and that has resulted in a much lower NIM than the expected.<\/p>\n

And, and the target also I think your quarterly name was 2.54 and the overall annual NIM is 2.51. So on that, I mean is there, is there something, something special which has been which has resulted in this lower profitability in the bank and coming Forward those issues may not be there. How do we see the now coming quarter and the coming year? Now in view of this results.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Ajmera sir, if you see that our NIM improved 9 basis point.<\/p>\n

Ashok Ajmera<\/strong><\/p>\n

No. That is. And our<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Net interest income it improved 549 crores. If you compare our peer banks. So our NIM has improved. Our net interest income has improved only as rightly pointed. Why there is a drop in operating profit and net profit by 2,300 crores. So sir, last quarter we had listing gains from Canra, HSBC and Kendra Rebaco of 1930 crores. So that was substantial enough. Secondly, due to geopolitical situation the bond yields moved from 6.59 to 7.05. And the share market corrected by 4000 basis point. So this has resulted into MTM losses of 800 crores.<\/p>\n

This may not be going ahead for the quarter. This may not be there in the June quarter. But the one time listing gains were factored in in the last quarter of 1930 crores. And regarding. And regarding the two recovery generally our two recovery hovers around 1500 to 1600 crores. If you see last year for the full financial year the 2 recovery was 6800 crores. And in this financial year it is 6500 crores. So there in the total tw recovery there is no substantial dip. But only some high ticket resolutions come in a particular quarter.<\/p>\n

But normally it hovers around 15001600 crores per quarter.<\/p>\n

Ashok Ajmera<\/strong><\/p>\n

No sir. Yeah, point well taken sir. Even I had analyzed it that there was some additional profit in the last quarter because of those two listing gains. But having said that sir, now this two things have are clear now the RBI has given the clear guidelines for the ecl. So on that now as far as the provisions are concerned how much buffer provisions to take care of that or the planned provisions which we already have in our books. And how do we plan to meet now going forward the provisioning norms as per the the final guidelines given by rbi.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Sir, if you see that our SMA is best in the industry it is only 2.75%.<\/p>\n

Sushil Choksey<\/strong><\/p>\n

Yes. While<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

The advances is growing up in absolute numbers our SMA is coming down. In the December 25th our SMA book was 35,000 crores. Now it is 33,728. So although the advances is going up our SMA is coming down now. Coming to the ECL part now sir, on ECL front stage one and stage three both all almost at par with the IRAC norms. Our PCR is 94.20 for stage 3 it is adequate enough for stage 1 it is at par with IRAC norms only at stage 2 we see that in stage 2 the regulatory floor has been moved from 0.4 to 5%.<\/p>\n

So some additional provision will be required in and we presume it will be 2500 crores and the probability of default in stage one, stage two and stage three will be additional 2500 or maybe it may range up to 5000 also and additional non fund requirement will be 2,500. Total requirement will be 10,000 and it can be staggered to four years and our profit is in the range of 19,000 to 20,000 crores. So bank is in a very very good position to absolve the entire in the first go itself. If we absorb in the first go itself then there will be a drop of 1% in the CR.<\/p>\n

So the and bank is adequately your capitalized our CRR is 17.04. Much above the regulatory level.<\/p>\n

Ashok Ajmera<\/strong><\/p>\n

Yes sir. So you are well prepared for that. Sir, now going forward the government has also announced because you also referred that there is some geopolitical situation which is. I mean which is building up now in the pressure. In fact in the March the effect might not have been seen because of the vessation this vestation war also. But now I think you must have started feeling the heat and government is equally. You know being a proactive Measure has announced ACLG50 creating a lot of buffer. I mean a two two and a half lakh crore rupees of the planned this thing.<\/p>\n

So in our bank we calculated that how many customer. I mean how much amount the customer can use through this, this line and how are we prepared for that? And will it not add to our credit growth which we already planned. Will it not give a flip to it?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Sir,<\/p>\n

Ashok Ajmera<\/strong><\/p>\n

Already<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Sir see this quarter our slippage was 2771 crores.<\/p>\n

Jai Mundra<\/strong><\/p>\n

Yes sir, last<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Year, last year in the same quarter it was in the March because we have to compare from the previous March only. So last year also the slippage was 2702. This year it is 2,800 crores roughly so it is in the similar levels. So in the March what happens? Sir, some MOCs are because Branch audit is conducted across the country so some MOCs are we should not compare from the December we have to compare from March to March so we don’t see any stress building as on date because it is almost at par with the previous March.<\/p>\n

And out of this 2771, 1333 is for MSME. So MSME, some slippage has been observed. But not to that extent. And for coming to Your point that ECL5 bank is already worked on that one. And the entire portfolio that is affected is about 90,000 crores. And the additional exposure will be around 6 18,000 to 20,000 crore. Definitely it will give some flip to the advances.<\/p>\n

Ashok Ajmera<\/strong><\/p>\n

So going forward. Sir, there is no concern. According to you and not no concern has seen. Has been. I mean is building up even in April, May also because of that war situation.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

No, sir, if you see our slippage ratio is 0.69%. And our SMA is 2.75. Both are industry best actually. So as on date, no concerns. And going forward this EC. ECL5 will definitely help the affected area.<\/p>\n

Ashok Ajmera<\/strong><\/p>\n

All right, sir. Thank you and all the best. I will come back again. Okay. Thank you.<\/p>\n

Param Subramanian<\/strong><\/p>\n

Thank you, Ashok. Sir, the next question is from the line of Param. Subramaniam Param you unmuted. Please go ahead with your question.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah. Hi sir. Thanks for taking my question. Firstly on the advances growth guidance that you’ve given of 11 to 12%. So we have closed this year with 15 plus. So any reason we are calling for a moderation in the credit growth next year?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

No, sir, actually bank has a tradition of giving some conservative numbers. Because GDP growth is projected at 6.9%. And we have seen what earlier guidance has been given by us. And accordingly it has been projected. I am confident that bank will end up much above the guidance numbers as it ended up in this financial year.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Perfect, sir. Very useful. So secondly on the pslc. So some of the private banks are. You know they are facing issues on their PSL compliance. Is do we. Would it be fair to assume our next year our PLC income will be higher than this year or any comment you can give on that.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So PSLC. Sir, continuously our PSLC income is around 2500 crores. We derive that income. And this year also we are confident that we will derive this PSLC income. Because we are above in priority sector credit. We. We are exceeding all mandated norms. So definitely we will gain advantage out of selling the PSLs.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So sir, it should be similar to FY26 next year. Yes. Yes.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Yes.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. Okay. Okay. So in the comment you made on ecl I understood the one time impact. But on the run rate impact of how much it can affect your say credit costs on a run rate basis. If you could speak a bit about that say from FY28 and. And whether a bank can still sustain 1% plus ROA even after implementing ECL on a run rate, sir,<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Our credit cost is continuously coming down. That is because our SMA in absolute number is coming down. If you see that the SMA from 3% it has come down to 2.75%. And so slippage will be hovering around this range only. So we don’t see any threat in coming up.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Even after implementation of ecl. You think you can maintain similar credit cost guidance on a. I. I presume that<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

We will maintain this.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay sir. Because sma.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Because our SMA levels have come down substantially.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, fair enough. In<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

December. December in absolute terms it was. The outstanding was 35 604. This year it is 33,000. In March, this is 33,728. So although my credit is growing at 15% and if you compare from last March, last March 25th my SMA book was 40,481. Now it has come down to 33,728. So I am confident that I will be able to maintain this slippage numbers and credit cost.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, sir. Sir, one last question. Sir. On NIM you have given your guidance. But will you have passed through the entire December rate cut? And from here how do you expect margins to Trend say from first quarter onwards? Because your guidance is 2.5 to 2.6. Yeah. On a trajectory basis, if you can.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Sir. You see in this quarter our NIM improvement was 9 basis point. So already we are very, very. Because our credit growth is very high at 15.30. So that places us uniquely to negotiate on pricing. So we are not entertaining low yield advances. We are capitalizing on expanding RAM credit. And we are very very conscious on bulk deposits. Pricing of bulk deposits. So the combined effect our name has taken a uptake of 9 basis point on this quarter and 1 basis point cumulative. So we. We presume that it will hover around 2.5 to 2.60.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Very useful, sir. Just your LCR number if you can share. That’s my last question for this question.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

LCR was 118%. It is much above the regulatory level of 100%.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay sir, thank you so much and congrats on the question.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Thank you sir.<\/p>\n

Param Subramanian<\/strong><\/p>\n

Thank you. Param. The next question is from the line of Jay Mundra. Jay, you are unmuted. You can go ahead with your question.<\/p>\n

Jai Mundra<\/strong><\/p>\n

Hello, can you hear me?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Yes,<\/p>\n

Jai Mundra<\/strong><\/p>\n

Hi there a couple of questions first. Just clarification, sir. On Gold loan, how much is the total Gold loan outstanding in retail and non in agree and non agree,<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Sir. My gold loan portfolio is 2 lakh 45 thousand crores.<\/p>\n

Jai Mundra<\/strong><\/p>\n

Okay. And<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Out of which agriculture is 1.454 lakh crores. The remaining non agree is 91 thousand.<\/p>\n

Jai Mundra<\/strong><\/p>\n

Right. Okay. So. Okay. So that is good. So that has also grown, right? So last quarter was I think 2.2 trillion. It has now become 2.545 lakh crore. Right. So the good portfolio even on a QoQ basis is growing at a decent pace. Do you see? Yeah sir. So going ahead, do you see that now this is a 20% of the overall loans. Would you believe the growth here to be single digit? Or you believe it will still be in double digit even though it moderates? How is there any thoughts there?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Sir? It will be in double digit. Because traditionally our number of branches are high in South India. Sir, here people don’t place on deposits. That is why we are lacking. On one side we are struggling on casa. But on asset side we have this advantage of gold loans. People are more comfortable going to branches availing this gold loan. So that is why we are confident that it will grow with the same pace.<\/p>\n

Jai Mundra<\/strong><\/p>\n

All right. Okay. Sure sir. And sir, on ECL right you mentioned that you know SMA1 I mean total SMA you have given. But if you have the number separately for 01 and 2 I think that will be useful. If you have the number separately for 01 and 2 together<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

SMA 0 is 10,961. SMA 2 is 9,732 only SMA 1 is 13,035. So the total is 33,728.<\/p>\n

Jai Mundra<\/strong><\/p>\n

Okay. So SMA 0 10,000. SMA 1 also around 11,000 and rest<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

13,000. 13,000.<\/p>\n

Jai Mundra<\/strong><\/p>\n

Right. Okay. SMA<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

0 is 11,000,<\/p>\n

Jai Mundra<\/strong><\/p>\n

Right sir. And sir, on your provisioning, right. So an ECL and provisioning. I think few banks they have said that they want to raise capital maybe for ECL. Because asset quality across banks have been you know much strong. And there is a strong growth and regulatory capital also. Your thought process. Sir, if. If ECL like you mentioned 100 basis point impact which seems very moderate even if. Because you also have five years. Any thoughts on capital raise or any need for that? Sir?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Sir, our profit ranges between 19,000 to 20,000 crores in. So this will continue I think for the next year also. So if the need be, if need required we will go for capital raising. And since it the it has not moved to the board once board permissions then I’ll share it with you with. I think within couple of months we will share that number with you.<\/p>\n

Jai Mundra<\/strong><\/p>\n

Okay, sure. And lastly sir, on your NIM question I like you mentioned a stable NIM guidance going ahead. But sir, you also raised TD rates in the month of December and January by around 30:35 basis point. Right. So how should one look at cost of term deposit or cost of deposit on a blended basis? Do you think that cost of deposit now has bottomed? And even including Q1FY27 this should showing should start inching up or you think the blended cost will still decline?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Sir, we are very conscious on pricing on bulk deposits and cd. So we work on the blended model only. And we are very conscious what is the rate of inflow and what is the rate of outgo. So that margins we keep always in mind while quoting price. That is how our NIMS have improved in this quarter.<\/p>\n

Jai Mundra<\/strong><\/p>\n

Sir, going ahead, do you think because we raised. Not all banks have raised term deposit rates. We did in December by around 35 basis point. So I wanted to check sir, has the cost of deposit bottomed out or you think because select maturity only have raised interest rate. But you may still gain on bulk or otherwise. So how to look at the incremental. Sorry, the blended cost of deposit.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Sir, why we had raised. Because our retail term deposit even after raising was much cheaper than the bulk deposit rate. And the idea behind to have a more flow in retail term deposit rather than bulk deposit. And that is what exactly has happened in the fourth quarter which benefited us. And our cost of deposit has substantially came down. If you see.<\/p>\n

Jai Mundra<\/strong><\/p>\n

Right. Right. Okay. That is all right sir.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

That is why we. You. You can see the fantastic impact on net interest income of 549crores. You can compare with PR banks. Ours is much better. Correct?<\/p>\n

Jai Mundra<\/strong><\/p>\n

Correct. No, no sir, absolutely. That is much better answer. I just wanted to check two things. Since you mentioned peer banks. If you have the number of, you know, corporate loans or the overall loans which are linked to T bills. That is one. And sir, we have a TW recovery of around 6500 crores this quarter this year. Full as a. As a full year. If you have any number which goes to NII line item out of this NPA recovery. Because that may or may not grow as much as the loan growth. Right. Because the two recovery.<\/p>\n

So three things. One. TW recovery outlook number two. TW recovery that goes to NII line item and c the the T bill link corporate loans. Thank you.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So sir, the in tw your interest income on your TW advances. So it ranges about 350 to 400 crores. Almost it contributes to every quarter. This interest income is contributed. And we are confident going ahead. It will continue, Sir.<\/p>\n

Jai Mundra<\/strong><\/p>\n

Okay.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

And two, recovery also. It hovers around 1500 to 1600 crores in a quarter. That may vary because of one big ticket resolution. If you see for the financial year 25 it was 6800 crores. And this year it is 6500 crores. Almost at same level. So it will continue. This will also continue.<\/p>\n

Jai Mundra<\/strong><\/p>\n

Sure, sure. All right, sir. Hence a T bill number. If you have and all the way. We<\/p>\n

Param Subramanian<\/strong><\/p>\n

Request you to come back to the queue for the remaining questions.<\/p>\n

Jai Mundra<\/strong><\/p>\n

Thank you, sir.<\/p>\n

Param Subramanian<\/strong><\/p>\n

The next question is from the line of Maruk Adajania. Maruk. Your line is unmuted. You can proceed with your question.<\/p>\n

Mahrukh Adajania<\/strong><\/p>\n

Hello.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Yeah. Hello. Good evening. Good evening, madam.<\/p>\n

Mahrukh Adajania<\/strong><\/p>\n

Good evening. Sir. Can you hear me? Yes.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Yes. Yes.<\/p>\n

Mahrukh Adajania<\/strong><\/p>\n

So I had a question. If your cost of funding, you know, you’re confident about your cost of funds and the balance sheet is in a good shape. Then why is your loan growth guidance not as good as other banks? Because other banks are giving a much higher guidance. What is the constraint here?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

There is no constraint. We see that GDP projection is at 6.9%. So accordingly we project and we see last historically what we have given the guidance. Although. Although we have surpassed these numbers. And also we are confident that we will surpass it again. So the basis has been this only the GDP growth projection and the past historically how much guidance we have given in the last three years that forms the basis of giving the guidance.<\/p>\n

Mahrukh Adajania<\/strong><\/p>\n

Okay, sir. Got it. And so coming back to ecl, would you. Is there any way to find out what will be the run rate impact? So on an ongoing basis every year, how much will ECL add to the credit cost?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So that we have not worked it out. Because it is a forward looking provision. So that probability of default of any loan for the next year. So we have roped in a knowledge partner eny. And the system level implementation will take place in September. Roughly we have calculated that the impact will be about 10,000 crores. And looking at our profits, we can observe in one go. But there is a provision that we can absorb in four, four years. So bank is very, very comfortable on ECL front.<\/p>\n

Mahrukh Adajania<\/strong><\/p>\n

Okay, sir. Thank you. Thank you, sir. Thank you.<\/p>\n

Param Subramanian<\/strong><\/p>\n

Thank you. Maru. The next question is from the line of Suraj Das Suraj. Your line is unmuted. You can proceed with your question.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah. Hi. Hi sir. Thanks for the opportunity. 2, 3. Question first on the gold loan. While you highlighted that the retail gold loan is growing it seems like your Agri gold loan is not growing for last 2, 3, 4 quarters almost last quarter it was 1.5 lakh crore. It seems like this quarter is also 1.54 lakh crore. And in the beginning of the year I think it was 1.4 lakh. Any challenges there sir? Or it has to do anything with the RBI revised guidelines or something like that.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

My colleague Bhavinderji will answer this.<\/p>\n

S.K Majumdar<\/strong><\/p>\n

No, no. Actually our figure is 2.4 lakh crore. And it’s not that we have not been growing in the last two or three quarters. So with the aftermath of RBA direction so we. We have changed certain this no restricted customers. How. How they can engage with the branches with the income numbers. So because of that little slowness is there. But not that we have consciously taken anything in that direction to. To a stop. So nothing is there. Because our retail portfolio is growing as it was growing earlier.<\/p>\n

So from April 1st my question is<\/p>\n

Unidentified Participant<\/strong><\/p>\n

On the agreed world only on agreeable it was 1.5 and in the beginning of the year it was 1.4.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Shall I say if you see that whatever loss you are seeing in agree is compensated in retail. Retail<\/p>\n

S.K Majumdar<\/strong><\/p>\n

It<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Is a deliberate attempt from the bank. If you see in other than rural that is semi urban and urban. We are in<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Rural also we are growing at 14.000 that<\/p>\n

S.K Majumdar<\/strong><\/p>\n

Is there that<\/p>\n

Unidentified Participant<\/strong><\/p>\n

In these areas we are giving only retail. So if you see overall you have to read both put together. If you are seeing in one side agriculture is showing a slower growth but retail is taking up exponentially. It is both combined. The growth remains constant. So you. You should not get it in isolation. It should look at combined portfolio in compliance with RBI guidelines. This is mostly in compliance with RBI guidelines. We have devised this and hold on.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Portfolio is growing at 33, 34 of which the agri gold portfolio is growing at around 15% and we have to comply with all RBI guidelines also. So I. I presume that it will go in the same manner.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Sure sir. I. I’ll probably reach out separately for any further clarification that 2. Last question 1. On the current account I think the growth has been, you know, sharp negative number. Any reason for that?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

There were four accounts which were having big, big ticket four accounts. So I cannot name that. So that is causing the variation in current account. Apart from that current account is growing at a healthy phase.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Sure. And the last question. If you can give your stage 1, 2 and 3 provision as per the IRAC norm. Whatever you are holding currently in absolute terms Roughly. Rough ballpark figure will do.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So ecl. You are talking about ECL provision,<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Right? No. I think you said opening commentary that stage one, you are adequately provided. Stage two is where you need some. You know, buffer provision. And stage three also you are adequately provided. So I just wanted to check the absolute number if it is readily available. Else I can reach out separately.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Absolute number can be shared only after the implementation of system. That I can share only after the implementation. Roughly. We have worked around 10,000 crores. And we are making a profit of 19,000 to 20,000 crores. And this also can be staggered for four years. So easily we can absorb entire in the first go itself.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. What is your total standard provision number?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

My standard provision numbers 4500.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Thank you so much. And apart from<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

That there are three big ticket accounts which are in SMA where. Where there’s no need for provision. But we have made. As a prudent banker. We have made a provision of 1890 crores in that.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. Sure. That’s all from my side.<\/p>\n

Param Subramanian<\/strong><\/p>\n

Thank you. Suraj. The next question is from the line of Gaurav Kocher. Gaurav, your line is unmuted. You can proceed with your question. Gaurav, are you there? All right. So. Hello. Am I<\/p>\n

Gaurav Jani<\/strong><\/p>\n

Audible? Hello.<\/p>\n

Param Subramanian<\/strong><\/p>\n

Yes, you’re audible. Yes.<\/p>\n

Gaurav Jani<\/strong><\/p>\n

Yeah. Hi. Thank you for the opportunity. So I have couple of questions. Sir, first is on the pslc. Sir, if I look at the. I’m just looking at the small and marginal farmer because I’m assuming that large part of our PSLC come from selling PSLC of small and marginal pharma. So if I look at. Let’s say this year the. The excess that we have is about 2.5%. So we did about 12.5% versus 10% which is required. If I look at. If I look at the same number last year. And last to last year that number was much higher at 3.4% and 6%.<\/p>\n

So is it fair to assume that the surplus that you carry this year is slightly lower than what you had last year?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

No, no, no. We have worked it out. And this will be at the same level this year also.<\/p>\n

Gaurav Jani<\/strong><\/p>\n

Okay. Okay. So the PSLC income you expect to be similar as. As last year.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Thousand five hundred crores. Right. Yearly.<\/p>\n

Gaurav Jani<\/strong><\/p>\n

Six thousand. Six thousand five. Okay. Got it. Six thousand five hundred. Sir, I think 2600 was the number. This year<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

It is 3000. It will be around 3000.<\/p>\n

Gaurav Jani<\/strong><\/p>\n

Okay. Okay. Got it. Got it. And so the second question is with respect to the recovery from written offs while you’ve alluded to about 15, 16 billion per quarter. Sort of a recovery. But let’s say in the immediate quarter do you expect any large large ticket account getting recovered? So for let’s say this Q1 FY27. You expect 15, 16 billion run rate to continue. Q1.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Already we have one. One big ticket part amount has been recovered. Okay.<\/p>\n

Gaurav Jani<\/strong><\/p>\n

Okay.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Of 300. We are very confident that this number also we will be achieving this quarter. Understood?<\/p>\n

Gaurav Jani<\/strong><\/p>\n

Understood. Perfect, sir. That’s. That’s all from my side. Thank you.<\/p>\n

Param Subramanian<\/strong><\/p>\n

Thank you. Gaurav. The next question is from the line of Ashlesh Sonj. Ashlesh, your line is unmuted. You can proceed with your question.<\/p>\n

Ashlesh Sonje<\/strong><\/p>\n

Hi sir. Good afternoon. Sir, first question is again on gold loans. Wanted to check if you have taken any increase in the pricing on either agri gold loans or retail gold loans over the past 1, 2, 3 quarters.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So that increase in pricing is factored. But we are very very conscious about ltv. We operate well within the LTV ratios prescribed by the regulator.<\/p>\n

Ashlesh Sonje<\/strong><\/p>\n

Okay. Sorry sir. Let me clarify. The question is about the pricing of the interest rate on gold loans. Has that increased over the last few quarters?<\/p>\n

S.K Majumdar<\/strong><\/p>\n

No, no, no, no,<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

No. No.<\/p>\n

S.K Majumdar<\/strong><\/p>\n

We have not increased.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

I thought the price of. And the LTV<\/p>\n

S.K Majumdar<\/strong><\/p>\n

Ratio we have kept maximum not increased. And LTV also we have kept in check.<\/p>\n

Ashlesh Sonje<\/strong><\/p>\n

Understood. Would it be fair to say. Yeah, sir. And would it be fair to say that all the agree loans are largely linked to MCLR and all the retail loans are largely linked to repo. Is that a fair understanding?<\/p>\n

S.K Majumdar<\/strong><\/p>\n

Yes. And the average<\/p>\n

Ashlesh Sonje<\/strong><\/p>\n

Yield would be somewhere around 9%, right? On both the portfolios?<\/p>\n

S.K Majumdar<\/strong><\/p>\n

Yes. Near 9%. Near 9%.<\/p>\n

Ashlesh Sonje<\/strong><\/p>\n

Understood. The second one in the provision, in the provision line in the P and L there is a negative provision in the other provision line. Can you explain what that is coming from? And thirdly, if you can also share the segmental breakup of slippage for the quarter.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So provision in the large borrower framework. There is a release as per the RBI guidelines. Some 307 crore release is there because it is no more required. So that is one of the factors. But if I look at the number it is 3% prescribed by the additional provision for large borrowers. Now. Now this has been dispensed by the regulator. So there is a release of 307 crores.<\/p>\n

Ashlesh Sonje<\/strong><\/p>\n

Understood, sir. Sir, but the negative provision is close to 870 crores. That is why I wanted to ask you.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

You see in standard accounts also in three big accounts we were maintaining additional provision. Their balances has gone down. So that is why some. Some release is also there.<\/p>\n

Ashlesh Sonje<\/strong><\/p>\n

Understood, sir. And if you can also share the segmental breakup of slippages that would be good. Sir. And just lastly one comment from you. I understand that there will be. And as in we will go through the ECL transition over the next few years. But in spite of all of that you believe the bank can deliver a 1% ROA?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Sir, I. I presume yes. Bank can deliver that. Although we have kept it at a conservative level. Bank can deliver that. That is why we have given it our return on asset. More than 1%.<\/p>\n

Ashlesh Sonje<\/strong><\/p>\n

Understood, sir. Perfect. Thank you. Those were all the questions I had. If you can also share the segmental slippages, that would be helpful. Segmental?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

I can tell you 2771 is the total slippage that has happened in this quarter. Out of which 1333 is for MSME. Agriculture is 886. Corporate 80, gold loan 41 and retail sum 431 crores.<\/p>\n

Ashlesh Sonje<\/strong><\/p>\n

Understood, sir. Thank you very much.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Thank you.<\/p>\n

Param Subramanian<\/strong><\/p>\n

Thank you. Ashlesh, the next question is from the line of Parth Gutka. Part, your line is unmuted. You can proceed with your question. Parth, are you there?<\/p>\n

Parth Gupta<\/strong><\/p>\n

Yeah. Hello. Can you hear me?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Yeah. Yeah. Good evening.<\/p>\n

Parth Gupta<\/strong><\/p>\n

Thanks. Yeah. Hi sir. Good evening. Thanks a lot for the opportunity. Sir. So just you know, in terms of RAM and corporate mix we have now you know reached 40, 59% of RAM and around 41% of corporate. So how far you know we can increase our RAM mix in the overall loan mix<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

We endeavor to reach at 60, 40, 59 Ram and 40 corporate.<\/p>\n

Parth Gupta<\/strong><\/p>\n

Okay. Okay. And within the RAM we will continue to grow the retail segment. And you know, because our agri and MSME has been as a proportion of overall loan has been coming off over the last four quarters. Is that the right understanding, sir?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Yes. Yes.<\/p>\n

Parth Gupta<\/strong><\/p>\n

Okay. Okay. Thanks a lot, sir.<\/p>\n

Param Subramanian<\/strong><\/p>\n

Thank you. Part. The next question is from the line of Sushil Choksi Sushil. Sir, you can proceed with your question.<\/p>\n

Sushil Choksey<\/strong><\/p>\n

Good evening. Congratulations to team Canada for very stable result.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Good evening. Good evening.<\/p>\n

Sushil Choksey<\/strong><\/p>\n

Sir, looking into FY27 can you tell me what is undisbursed credit and how is the corporate pipeline looking when you are guiding at 60 RAM, 40 corporate. Because RAM will have adequate support coming from government for the new scheme. At the same time there would be demand. Whereas southern India is seeing a robust demand where manufacturing, GCC and many other sectors are likely to come up. So what is the outlook on corporate book?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So corporate demands are already nbg that is sanctioned by us. So we have to finalize the proposals. That is lined up at around 20,000 crores. Another undisbursed corporate is around roughly about 20,000 crores. And the ECL we expect that 18,000 to 20,000 to grow. So we will. We are. We should make up the guidance number comfortably,<\/p>\n

Sushil Choksey<\/strong><\/p>\n

Sir. In data center. Are we funding data centers with GPU or without gpu? With gpu. And sir, how is the pipeline between power sector and data center?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Data center and power both. We are financing, sir.<\/p>\n

Sushil Choksey<\/strong><\/p>\n

No, no. You’re financing. I know. How is the pipeline sir?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Pipeline also we can share separately with you. We can share that pipe,<\/p>\n

Sushil Choksey<\/strong><\/p>\n

Sir. How is that? Right now I<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Don’t have breakup of the pipeline in this gross numbers I am having<\/p>\n

Sushil Choksey<\/strong><\/p>\n

Regarding<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

These two.<\/p>\n

Sushil Choksey<\/strong><\/p>\n

So in view of now everything is getting digitized and initiatives. So many other new programs have been done at Canada. How is our cross sell working? How many touch points from each wallet are we doing? And what is the digital spend we are likely to do this year?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So we are very, very conscious about the number of products we can offer to our client. We already have 3,000 customer relationship managers very very active on that front. So we want to penetrate the customer not only to the customer but to the family. Now this year these customer relationship officers will be penetrating to the entire family and we have products for that. So we will try to have more and more wallet share out of each individual, sir. And regarding digital penetration, sir, we are growing at a very very handsome growth.<\/p>\n

So for the last year the number was 1204 crores digital transactions. Prior to that that was 940 crores. So good impressive growth has been seen. Our mobile app is ranked number one in Google Play store. So people, people are accustomed to our app and they are popularizing that. So digital transactions are improving, sir.<\/p>\n

Sushil Choksey<\/strong><\/p>\n

So any update on mutual fund and insurance and the Canvin homes from your side? Not that complete outlook.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Okay,<\/p>\n

Unidentified Participant<\/strong><\/p>\n

What is any update on.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So they have their own individual board, sir. They will be announcing that result separately.<\/p>\n

Sushil Choksey<\/strong><\/p>\n

No, no, no. I. I understand that. I’m not saying that we are a stakeholder. Every now and then we talk about monetizing that stake. At the same time there are a lot of opportunities to combine<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Further dilution. We don’t foresee, sir, already 14.5% in Canada HSBC and 13% in Rebecca. We have already done that and we have gained some 1920 crores in the previous quarter. Going ahead, we don’t foresee any dilutions.<\/p>\n

Sushil Choksey<\/strong><\/p>\n

Thank you for answering all my question and good luck for the year. Sir.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Thank you sir. Thank you Sushil.<\/p>\n

Param Subramanian<\/strong><\/p>\n

Thank you Sushil. Sir, the next question is from the line of Mr. Manish. Manish, your line is unmuted. You can proceed with your question. Manish, are you there? Okay. The next question is from the line of Dikshit Doshi. Dixit, your line is unmuted. You can proceed with your question.<\/p>\n

Dixit Doshi<\/strong><\/p>\n

Yeah. Can you hear me?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Yes. Thank<\/p>\n

Dixit Doshi<\/strong><\/p>\n

You. Thanks for the opportunity and congratulations for a decent performance. Sir, I have one question is. So now as you have mentioned that we are now 20% of our book is now gold loan. And recently we had some news of you know gold Gold loan fraud in April some media articles. So if you can just elaborate a bit that what we are doing to you know check that. What are the check we do so that these kind of frauds don’t happen.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Sir, number of checks we have put in place. One is the entire portfolio of a quarter. Whatever we have disbursed that gets reappraised in the subsequent quarter. And for high value gold branches we have a plaza a dedicated officer dealing in gold loans. Third is the security systems we have enhanced. So in where gold loans are more we have kept additional security guard so 247 for manning these branches. So and we have TL TR safe at all these places for safe upkeeping of gold. So number of checks and balances are there.<\/p>\n

But 1 of incidents keep on occurring. But the NPAs are very very minimal in gold loan. It’s a very very productive product to us.<\/p>\n

Dixit Doshi<\/strong><\/p>\n

Okay. Okay. And<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

That is ensured also.<\/p>\n

Dixit Doshi<\/strong><\/p>\n

Okay. No. So the question was more towards. So there are two type of you know accident happens. One is that you know some theft happens. So that’s a routine. So it does happen many to anyone. But the other thing which happens is if somebody you know give a fake gold or something like that. So what we are doing to avoid that thing.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So we have panel appraisers in place. So every quarter the the same whatever gold loans we have done that will be reappraised by a different valuer that will be sent by a regional office.<\/p>\n

Ashok Ajmera<\/strong><\/p>\n

Okay.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So regarding SP codes and all that will be immediately detected after reappraisal. It. It goes for reappraisal.<\/p>\n

Dixit Doshi<\/strong><\/p>\n

Okay. And any update you have on the from government side regarding the full time MD CEO.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So we are also waiting sir.<\/p>\n

Dixit Doshi<\/strong><\/p>\n

Okay. Okay. Okay. That’s it. From my side.<\/p>\n

Param Subramanian<\/strong><\/p>\n

Thank you. Thank you. We take one last question which is from the chat box. Can you explain why the yield on Advances declined by only 5 basis points during the quarter in spite of the 25 basis point replicate impact.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So 50% of our portfolio is repo linked and if you see in the December there was a 25% reduction in repo rate that is why it has impacted 5 basis point. It has come down.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

May I ask one question ma’? Am? If you permit. If the time permits. Yes,<\/p>\n

Param Subramanian<\/strong><\/p>\n

Sir. Yes sir. Yes. Yeah.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah. Thank you ma’. Am. Sir, when we look at our current run rate of operating profits excluding the the provisions and the contingency part we. We posted 6,757 as the precise number. So taking into account the current environment and. And taking into account the repricing of deposits also if you could just give us some color whether we can defend this operating profit number going ahead because the other are more variable number depending upon the how the market dynamics plays out.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So we are very very confident that we will protect because this includes your MTM losses. So very soon some reversal will be seen. Already it is showing in our books so we are very confident that it will be protected going ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. And you mentioned that we will be. The NIMS trajectory will be 2.5 to 2.6 and the ROA will be in the trajectory of 1, 1%. This for the current year looks like.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Yes sir. Yes sir. Yes. And. And<\/p>\n

Unidentified Participant<\/strong><\/p>\n

The growth in business will be 11 to 12%. That is the advances part number you have given.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Yes, but we are confident of exceeding that. So last year also if you see 10 to 11% guidance was given but we ended up at 15.30 this year also although it is projected at 1111 to 12% we are confident that we will exceed.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay sir. And last point is sir, what percentage of our deposits are floating rate are linked to the floating rates so they get repriced as soon as there is any change in change in the interest rate scenario. And<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Nothing is there.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Didn’t get you sir.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

In deposit nothing is there which is floating in nature.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. Everything is fixed.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Demand. There is two categories. One is demand deposits and what is the term deposit? Term deposits are fixed for that particular tenor. Demand can be withdrawn at the will savings and current.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Correct? Correct, sir. Right sir. Thank. Thank you for. Yeah. Thank you madam and thank you sir for answering and hope for further interaction going ahead. Thank you. All the best to the team.<\/p>\n

Param Subramanian<\/strong><\/p>\n

Thank you. There is one last quick question in the chat box. Please share the number on the Stage two provisioning<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

So it is yet to be implemented. Stage two provisioning Once system level implementation takes place. Then we will share this number.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. Excuse me. Okay. Me asking just one question. So. Yes,<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Madam.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

While all the indicative parameters have been projected to grow. Do you mind going over why earnings per share and return on equity is marked down from the present year numbers?<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Yes madam. You see this year we had a gain of 1920 crores from delisting listing benefits of Canada Rebaco and Kendra HSBC where we diluted our share in Kendra HSBC 14.5% in Canada Rebecca 13%. So this 1930 crores will not be there. Because it is a one time income. So next year it won’t be there. That is why it has been kept at conservative level.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

All right. It is at this<\/p>\n

Param Subramanian<\/strong><\/p>\n

Point we take that as the last question for the day. And now hand over the call to the management for closing remarks.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Thank you, madam. All I can say that this year also what we have given the guidance numbers last year also apart from two that is CASA and name. So we could achieve all the out of 13. We could achieve 11 parameters next year also. We are very very confident. Whatever guidance has been given we will try to deliver these numbers. Thank you.<\/p>\n

Param Subramanian<\/strong><\/p>\n

Thank you. That concludes the call for the day.<\/p>\n

Hardeep Singh Ahluwalia<\/strong><\/p>\n

Thank.<\/p>\n","protected":false},"excerpt":{"rendered":"

Note: This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon. Canara Bank Ltd (NSE: CANBK) Q4 2026 Earnings Call dated May. 11, 2026 Corporate Participants: Hardeep Singh Ahluwalia \u2014 Managing Director and Chief Executive Officer S.K Majumdar \u2014 Executive Director Analysts: Param Subramanian \u2014 Analyst […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"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":[6349],"tags":[10169,9175,9104,9092,14492,10089],"class_list":["post-182615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":124855,"url":"https:\/\/alphastreet.com\/india\/canara-bank-ltd-canbk-q1-fy22-earnings-concall\/","url_meta":{"origin":182615,"position":0},"title":"Canara Bank Ltd (CANBK) Q1 FY22 Earnings Concall","author":"Sahil_Anand","date":"July 28, 2021","format":false,"excerpt":"Canara Bank Ltd (NSE:CANBK) Q1 FY22 Earnings Concall dated Jul. 28, 2021","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/Canara-Bank-Ltd-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/Canara-Bank-Ltd-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/Canara-Bank-Ltd-Q1-FY22-Earnings-Concall.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/Canara-Bank-Ltd-Q1-FY22-Earnings-Concall.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/Canara-Bank-Ltd-Q1-FY22-Earnings-Concall.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/09\/Canara-Bank-Ltd-Q1-FY22-Earnings-Concall.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":129456,"url":"https:\/\/alphastreet.com\/india\/canara-bank-ltd-canbk-q4-fy22-earnings-concall-transcript\/","url_meta":{"origin":182615,"position":1},"title":"Canara Bank Ltd. (CANBK) Q4 FY22 Earnings Concall Transcript","author":"Staff Correspondent","date":"May 11, 2022","format":false,"excerpt":"Canara Bank Ltd. (NSE: CANBK) Q4 FY22 Earnings Concall dated May. 06, 2022 Corporate Participants: Shri. L.V. Prabhakar\u00a0--\u00a0Managing Director & Chief Executive Officer Shri. Debashish Mukherjee\u00a0--\u00a0Executive Director V. 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(NSE: CANBK) | Q3 FY23 Results | Total Income rises 9.36% qoq","author":"Divyansh_Kasana","date":"January 23, 2023","format":false,"excerpt":"Canara Bank Ltd. (NSE: CANBK) is a state-owned bank headquartered in Bengaluru, India. It was founded in 1906 and is one of the oldest public sector banks in the country. The bank offers a wide range of banking and financial products and services to individuals, small and medium-sized enterprises, and\u2026","rel":"","context":"In "AlphaGraphs"","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\/01\/48c70354-ab87-4470-b95b-67a30cf87b40.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/48c70354-ab87-4470-b95b-67a30cf87b40.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/48c70354-ab87-4470-b95b-67a30cf87b40.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/48c70354-ab87-4470-b95b-67a30cf87b40.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/48c70354-ab87-4470-b95b-67a30cf87b40.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/48c70354-ab87-4470-b95b-67a30cf87b40.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":181549,"url":"https:\/\/alphastreet.com\/india\/jeena-sikho-lifecare-ltd-jsll-q3-2026-earnings-call-transcript\/","url_meta":{"origin":182615,"position":4},"title":"Jeena Sikho Lifecare Ltd (JSLL) Q3 2026 Earnings Call Transcript","author":"News desk","date":"April 8, 2026","format":false,"excerpt":"Jeena Sikho Lifecare Ltd (NSE: JSLL) Q3 2026 Earnings Call dated Feb. 09, 2026 Corporate Participants: Manish Groverji \u2014 Managing Director Nanak Chand \u2014 Chief Financial Officer Analysts: Ranvir Singh \u2014 Analyst Priyanshu Jain \u2014 Analyst Akshay Kaila \u2014 Analyst Abhishek Sengupta \u2014 Analyst Akhilesh Rawat \u2014 Analyst Unidentified Participant\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":126843,"url":"https:\/\/alphastreet.com\/india\/infographic-canara-bank-post-q3-2022-results\/","url_meta":{"origin":182615,"position":5},"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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