Earnings in line; asset quality improves further

Company
09 May 2024
5 Min read 
  • Canara Bank's 4QFY24 PAT: INR37.6b, driven by higher other income.
  •  NII grew 11.2% YoY, with margins improving 4bp QoQ to 3.07%.
  •  Loan book and deposits grew 12.2% and 11.3% YoY respectively.
  •  GNPA/NNPA ratios improved 16bp/5bp QoQ to 4.23%/1.27%.
  •  Bank guides NIMs to be at ~2.95-3.0% in FY25.
  •  The text ends with a disclaimer about investment risks.
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