Canara Bank — Earnings Release 2021

Jan 27, 2021

Ref:: SD:1685/1686/11/12::2021	27.01.2021
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,

Subject: Press Release - Reviewed Financial Results (Standalone and Consolidated) for the Third Quarter / Nine months ended 31.12.2020.

We herewith enclose a copy of the Press Release on the Reviewed Financial Results (Standalone and Consolidated) for the Third Quarter / Nine months ended 31.12.2020.

This is for your information & records.

Yours faithfully, कृते केनरा बैंक For CANARA BANK सहायक महा प्रबंधक और कंपनि सचिव Assistant General Manager & Company Secretary VINAY MOHTA COMPANY SECRETARY

Secretarial Department Head Office 112 J C Road, Bangalore - 560002 www.canarabank.com

F +91 80 22248831 T +91 80 22100250

PRESS RELEASE Date: 27th January 2021

FINANCIAL RES UL TS FOR QUARTER ENDED 31st DECEMBER 2020

Bank's Global Business reached Rs.1640582 crore

Key Highlights (9 Months period ended) (Dec 2019 V/s Dec 2020)

• � Domestic Business of the Bank grew by 8. 69%.
• ,(1\ Net-Interest Income grew by 21.47%.
• 1.. Non-Interest Income grew by 28. 64%.
• � Operating Profit grew by 37.29%.
• -:-.. Net Profit grew by 112.21%.
• Domestic NIM improved by 26 bps.
• A Cost to Income Ratio improved by 488 bps.
• Retail Credit grew by 9.33% with Housing loan at 13.32%.
• � CASA Deposits increased by 14.89%.
• -A Retail term deposit grew by 18.19%.
• t. Gross NPA Ratio down by 236 bps.
• t. Net NPA Ratio down by 298 bps.
• '1 Provision Coverage Ratio (PCR) improved by 1452 bps.
• -A CRAR stood at 13. 69% as at Dec 2020. Out of which Tier-I is 10.45% and Tier-II is 3.24% as at Dec 2020.

Key Highlights (3 Months ended) (Dec 2019 V/s Dec 2020)

• {'). Net-Interest Income grew by 14.58%.
• � Non-Interest Income grew by 63.09% .
• .A Operating Profit grew by 46. 65%.
• Cost to Income Ratio improved by 567 bps.

Key Highlights (3 Months ended) (Sep 2020 V Is Dec 2020)

• � Operating Profit grew by 16.02% to Rs.5382 Cr.
• '\ Net Profit grew by 56. 76% to Rs.696 Cr.
• A Total Income increased by 3.08% to Rs.21479 Cr.
• f:. Non-Interest Income increased by 35.44 % to Rs.4273 Cr.

Key Summary of Business Performance (as on 31.12.2020)

Business

• il. Global Business increased by 6. 97% (y.o. y) to Rs.1640582 Cr as at Dec 2020 with Global Deposits at Rs. 973021 Cr 7.80% (y.o.y) and Global Advance (gross) at Rs. 667561 Cr 5. 79% (y.o. y).
• � Domestic Deposit of the Bank stood at Rs. 928325 Cr as at Dec 2020 with growth of 9.49% (y.o. y).
• � Domestic Advances (gross) of the Bank stood at Rs. 644826 Cr as at Dec 2020 with growth of 7. 55% (y.o.y).
• t.. RAM constitutes 56. 65% of Total Advances.
• <l Retail lending Portfolio increased 9. 33% (y. o. y) to Rs. 113835 Cr as at Dec 2020.
  • o Housing Loan Portfolio increased 13. 32% y.o. y to Rs.62074·Cr.
  • o Vehicle Loan portfolio stood at Rs. 13537 Cr as at Dec 2020.
• A Advances to Agriculture grew by 10. 95% (y. o. y) to Rs.150652 Cr as at Dec 2020.

Asset Quality

• � Gross Non-Performing Assets (GNPA) ratio reduced to 7.46% as at Dec 2020 down from 8.23% as at Sept 2020, 9. 39% as at March 2020 and 9. 82% as at Dec 2019.
• -.A Net Non-Performing Assets (NNPA) ratio reduced to 2.64% as at Dec 2020 down from 3.42% as at Sept 2020, 4. 34% as at March 2020 and 5. 62% as at Dec 2019.
• A. Provision Coverage Ratio (PCR) improved to 84.89% as at Dec 2020 from 70.37% as at Dec 2019.

Capital Adequacy

• , CRAR stood at 13.69% as at Dec 2020. Out of which Tier-I is 10.45% and Tier-II is 3.24% as at Dec 2020.
• L'.i Bank successfully raised capital during FY21 through:

AT-1 Bonds:-2816.10Cr QIP Equity:- 2000 Cr

Priority Sector ft Financial Inclusion

• The Bank has achieved Targets in Priority Sector and Agricultural Credit at 47. 36% and 19. 54% of ANBC as at Dec 2020, as against the mandatory target of 40% and 18% respectively.
• � Credit to Weaker Sections stood at 17. 88% of ANBC, exceeding the target of 10%.
• A B_ank has opened 137 lakhs accounts under PMJDY and mobilised CASA deposits of Rs. 5803 Cr as at Dec 2020.

Network

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