Canara Bank — Earnings Release 2021

May 18, 2021

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18.05.2021

Ref:: SD:62/63/11/12::2021 The Vice President The Vice President BSE Ltd. Listing Department Phiroze Jeejeebhoy Towers National Stock Exchange of India Ltd Dalal Street EXCHANGE PLAZA MUMBAI-400 001 Bandra-Kurla Complex, Bandra [E] MUMBAI -400 051

Dear Sir/Madam,

Sub: Press Release - Audited Financial Results (Standalone and Consolidated) for the Fourth Quarter / Year ended 31.03.2021.

We herewith enclose a copy of the Press Release on the Audited Financial Results (Standalone and Consolidated) for the Fourth Quarter I Year ended 31.03.2021.

This is for your information & records.

Yours faithfully, ?pc)�� For CANARA BANK �<Ii � �ilt < 3itx 1fitf4 Wf<l Assistant General Manager & COfl'pa"y Secretary VINAYMO HTA COMPANY SECRETARY

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f f lffl Secretarial Department "ll"&'R � Head Office 112, inftm-� - 560002 112 J C Road, Bangalore - 560002 E-Mail - hosecretarial@canarabak.com www.canarabank.com

F +91 80 22248831 T +91 80 22100250

PRESS RELEASE Date: 18[th] May 2021

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FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31[st] MARCH 2021

Key Highlights (12 Months period ended)

(Mar 2020 V/s Mar 2021)

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Net Profit stood at Rs.2557 cr against Net Loss of Rs.5838 crores for FY-20 Operating Profit reached a new horizon at Rs.20009 cr grew by 55.93% Net-Interest Income grew by 18.57%

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Non-Interest Income grew by 40.75%

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Domestic NIM improved by 24 bps Cost to Income Ratio improved by 966 bps

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Domestic Business grew by 8.57%

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Agricultural & Allied Credit grew by 17.44% Retail Credit grew by 12.14% with Housing loan at 15.11%

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CASA Deposits increased by 13.95 % Retail term deposit grew by 16.37 %

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Gross NPA Ratio down by 46 bps

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Net NPA Ratio down by 52 bps

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Provision Coverage Ratio (PCR) at 79.68% improved by 273 bps

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CRAR stood at 13.18% as at Mar 2021. Out of which Tier-I is 10.08% and Tier-II is 3.10%

Key Highlights (3 Months ended)

(Mar 2020 V/s Mar 2021)

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Net Profit stood at Rs.1010 Cr as against Net Loss of Rs.6567 crores Operating Profit grew by 136.40%

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Net-Interest Income grew by 9.87% Non-Interest Income grew by 72.08% Cost to Income Ratio improved by 2285 bps

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Key Highlights (3 Months ended) (Dec 2020 V/s Mar 2021)

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Net Profit grew by 45.11% to Rs.1010 Cr Non-Interest Income increased by 21.86 % to Rs.5207 Cr Cost to Income improved by 85 bps

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Key Summary of Business Performance (as on 31.03.2021)

Business

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Global Business increased by 8.23% (y.o.y) to Rs.1686030 Cr as at Mar 2021 with Global Deposits at Rs.1010875 Cr 11.50% (y.o.y) and Global Advance (gross) at Rs.675155 Cr 3.68% (y.o.y)

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Domestic Deposit of the Bank stood at Rs.963306 Cr as at Mar 2021 with growth of 10.74% (y.o.y) Domestic Advances (gross) of the Bank stood at Rs.652558 Cr as at Mar 2021 with growth of 5.51% (y.o.y)

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RAM constitutes 56.24% of Total Advances

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Retail lending Portfolio increased 12.14% (y.o.y) to Rs.115312 Cr as at Mar 2021

• Housing Loan Portfolio increased 15.11% y.o.y to Rs.64326 Cr

• Vehicle Loan portfolio increased 13.25% y.o.y to Rs.13713 Cr

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Advances to Agriculture grew by 17.44% (y.o.y) to Rs.156058 Cr as at Mar 2021

Asset Quality

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Gross Non-Performing Assets (GNPA) ratio stood at 8.93% as at Mar 2021 as against 7.46% at Dec 2020, 9.39% as at March 2020

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Net Non-Performing Assets (NNPA) ratio stood at 3.82% as at Mar 2021 as against 2.64% as at Dec 2020, 4.34% as at March 2020

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Provision Coverage Ratio (PCR) improved to 79.68% as at Mar 2021 from 76.95% as at Mar 2020

Capital Adequacy

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CRAR stood at 13.18% as at Mar 2021. Out of which Tier-I is 10.08% and Tier-II is 3.10%

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• Bank successfully raised capital during FY21 through:

AT-1 Bonds : Rs.2936.10 Cr QIP Equity : Rs.2000 Cr

Priority Sector & Financial Inclusion

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The Bank has achieved Targets in Priority Sector at 44.11% and Agricultural Credit at 18.56% of ANBC as at Mar 2021, as against the mandatory target of 40% and 18% respectively

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Credit to Weaker Sections stood at 17.66% of ANBC, against the target of 10%

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• Bank has opened 138 lakhs accounts under PMJDY and mobilised CASA deposits of Rs.6152 Cr as at Mar 2021

Network

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As on 31.03.2021, the Bank has 10416 Number of Branches, out of which 3069 are Rural, 3140 Semi- Urban, 2094 Urban & 2113 Metro along with 13452 ATMs

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