Canara Bank

Meeting Details

• Date and time: 14 October 2026, 4:00 pm IST
• Type and mode: Earnings conference call with analysts/investors (audio/video recording)

Organizer

• Organizer: Canara Bank

Purpose

• Discuss unaudited standalone and consolidated Q2 and H1 results for 2026-27

Participants

• Key company participants: not specified in filing

Availability

• Audio/video recording uploaded on Canara Bank website

Security cover and covenants

• NIL security cover certificate furnished for listed unsecured NCDs as of 30-09-2026.
• Total sanctioned amount and outstanding for listed NCDs: ₹53,445 crore.
• All listed instruments are unsecured subordinated debt; no security cover required.
• NSE guidance requires NIL certificate for unsecured listed debt; certificate filed accordingly.
• Statutory auditor SR Goyal & Co certifies compliance with covenants as on 30-09-2026.
• Certificate dated 14 Oct 2026; Bengaluru.

Overview

• Press Release on Canara Bank's financial results for Q2 and H1 ended 30.09.2026.

Business Overview

• Core business: universal banking with retail, MSME, and corporate lending and deposits.
• Banking Super App strategy integrates digital channels across segments.
• Basel III capital framework remains a priority for risk and balance-sheet management.

Key Operational Highlights

• Global Gross Business rose 15.88% YoY to ₹30,72,365 Cr; deposits up 13.13% YoY to ₹16,97,305 Cr.
• Global Advances up 19.46% YoY to ₹13,75,060 Cr; overseas advances up 58.46% YoY.
• Overseas deposits and advances show strong growth; domestic deposits up 10.97% YoY.
• Slippage ratio improved to 0.58%; PCR stands at 95.34%.

Financial Performance

• Total Income ₹40,931 Cr; Net Profit ₹5,175 Cr; YoY growth 6.04% and 8.40% respectively.
• Net Interest Income ₹11,005 Cr; NII growth YoY 20.39%; NIM 2.55%.
• Cost-to-Income 47.80%; GNPA 1.33% and NNPA 0.30%; ROE 18.49%; ROA 1.05%.

Capital Structure & Liquidity

• CAR 17.19%; CET1 12.80%; Additional Tier I 2.25%; Tier II 2.14%.
• Total capital (Tier I+II) ₹1,51,698 Cr; RWA ₹8,82,732 Cr; RWA to Gross Advances 64.20%.
• Global Deposits ₹16,97,305 Cr; Domestic Deposits ₹15,47,979 Cr; Overseas Deposits ₹1,49,326 Cr.

Strategic Priorities & Outlook

• Guidance for March 2027: Global growth 10–11%; Actual Sep'26 at 15.88%.
• Advances growth target 11–12%; Actual Sep'26 19.46%. Deposits growth target 9–10%; Actual Sep'26 13.13%.
• NIM target 2.50–2.60%; Gross NPAs 1.50%; Net NPAs 0.40%; PCR 94.50%.

Governance & Leadership

• Shareholding: FII/FPIs 12.27% as of Sep 30, 2026.
• ESG governance: ESG Policy approved; Chief Ethics Officer; Sustainalytics ESG risk rating improved to Medium.
• Sustainability actions include 44 Green Building certifications and significant renewable energy programs.

Standalone performance

• Q2 FY27 standalone total income 40,931.19 cr; net profit 5,174.76 cr; EPS 5.70.
• H1 FY27 standalone total income 80,615.45 cr; net profit 10,030.58 cr; EPS 11.06.
• GNPAs 18,298.95 cr; NNPA 4,053.19 cr; PCR 95.34%.
• Basel III CAR 17.19%; CET I 12.80%; AT1 2.25%; ROA 1.05%.

Consolidated highlights

• Q2 FY27 consolidated total income 40,938.80 cr; PAT after MI 5,381.59 cr.
• PAT after tax 5,182.03 cr; ROA 1.09%; Consolidated CAR 17.19%; CET I 12.81%; AT1 2.25%.

Cash flows snapshot

• Standalone operating cash flow: ₹8,879.37 cr; closing cash ₹2,08,525.11 cr.
• Consolidated net cash flow: net increase ₹2,214.33 cr.

Capital actions & proceeds

• Basel III AT1 bond issue in Q2 2026-27: ₹2,042 cr; no deviation in use of proceeds.

Bond call details

• Canara Bank to exercise call option on Basel III AT1 bond ISIN INE476A08126.
• Issued amount Rs 1500 crore; coupon 8.40% p.a.
• Issue date 25 October 2021; call date 23 October 2026.
• Record date 8 October 2026; instrument perpetual.
• RBI approvals obtained on 15 September 2026.
• Interest period 25 Oct 2025 to 24 Oct 2026.
• Principal plus accrued interest payable on 23 Oct 2026.
• Payment to bondholders via RTGS/NEFT/Direct credit.
• Bond extinguished in NSDL/CDSL records after payment.
• Bank liability ceases after payment.

Event details

• Call option and coupon due on 25 Oct 2026; payment moved to 23 Oct 2026 per PM.
• Record date revised from 9 Oct 2026 to 8 Oct 2026 to determine entitlement.