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Canara Bank Interim / Quarterly Report 2021
61440_rns_2021-10-26_184579ff-9250-42c6-8301-fb51f8e8374b.pdf
Interim / Quarterly Report
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Def .: CD: 3/7/3/9/11/12..2021
| 101 101. 771770111122021 | 20.10.2021 |
|---|---|
| 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-400051 | |
| Scrip Code: 532483 | Scrip Code: CANBK |
Dear Sir/Madam,
- Sub: Board Meeting Announcement of Unaudited (Reviewed) Financial Results (Standalone & Consolidated) for the Second Quarter / Half Year ended 30.09.2021
- Ref : 1. Regulation 33 & 52 and other applicable provisions of SEBI (LODR) Regulations. 2015.
-
- Prior Intimation SD:317/318/11/12::2021 dated 08.10.2021
This is to inform the Stock Exchanges that the Board of Directors of the Bank has approved the Unaudited (Reviewed) Financial Results (Standalone & Consolidated) for the Second Quarter / Half Year ended 30.09.2021 at its meeting held today on 26.10.2021 (Tuesday).
A copy of the Unaudited (Reviewed) Financial Results (Standalone & Consolidated) is enclosed along with the Limited Review Report of the Auditors.
Further, we enclose the following:
- Deviation/Variation in Utilization of Funds Raised for the Quarter / Half Year ended 30.09.2021 is NIL and the Statement of Deviation/Variation [Regulation 32(1) and 52(7) of SEBI LODR Regulations, 2015] is enclosed herewith.
- Disclosure of Related Party Transactions on consolidated basis drawn in accordance with the applicable accounting standards, for the Half Year ended 30.09.2021 [Regulation 23(9) of the SEBI LODR Regulations, 2015].
The meeting of the Board of Directors commenced at $\pi/2$ if $\theta$ a.m. and concluded at $\pi/3\theta$ a.m.
The Financial Results are also available in the Bank's website (www.canarabank.com).
This is for your information and records.
Yours faithfully, For CANARA BANK सहायक महा प्रबंधक और कंपनि सचिव Assistant General Manager & Company Secretary VINAY MOHTA COMPANY SECRETARY
सचिवीय विभाग प्रधान कार्यालय 112, जे सी रोड बेंगलूरु - 560002 E-Mail - [email protected]
Secretarial Department Head Office 112 J C Road, Bengaluru - 560002 www.canarabank.com
F +91 80 22248831 T +91 80 22100250
$26, 10, 2021$
dool el dico Canara Bank
STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPT 2021
| (Rs in Crore) | |||||||
|---|---|---|---|---|---|---|---|
| SI. | PARTICULARS | QUARTER ENDED | HALF YEAR ENDED | YEAR ENDED | |||
| No. | (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) | (AUDITED) | |||||
| $\mathbf{1}$ | INTEREST EARNED (a)+(b)+(c)+(d) | 30.09.2021 | 30.06.2021 | 30.09.2020 | 30.09.2021 | 30.09.2020 | 31.03.2021 |
| (a) Interest/discount on advances/bills | 17063.69 | 16784.37 12025.80 |
17690.47 13093.69 |
33848.06 24189.92 |
35730.48 26211.36 |
69280.46 50405.00 |
|
| (b) Income on Investments | 12164.12 | ||||||
| (c) Interest on balances with Reserve Bank of India & | 4218.18 | 4163.43 | 4185.02 | 8381.61 | 8461.09 | 16899.87 | |
| Other Inter-Bank Funds | 670.40 | 560.25 | 367.75 | 1230.65 | 990.22 | 1851.53 | |
| (d) Others | 10.99 | 34.89 | 44.01 | 45.88 | 67.81 | 124.06 | |
| $\overline{\mathbf{2}}$ | Other Income | 4267.80 | 4155.91 | 3103.45 | 8423.71 | 6068.27 | 14924.32 |
| $\mathbf{3}$ | TOTAL INCOME (1+2) | 21331.49 | 20940.28 | 20793.92 | 42271.77 | 41798.75 | 84204.78 |
| $\overline{\bf 4}$ | Interest Expended | 10789.88 | 10625.04 | 11385.59 | 21414.92 | 23325.85 | 45177.62 |
| 5 | Operating Expenses (i)+(ii) | 4937.97 | 4834.36 | 4811.36 | 9772.33 | 9271.56 | 19338.19 |
| (i) Employees Cost | 3138.24 | 3365.45 | 3207.92 | 6503.69 | 6254.12 | 12756.48 | |
| (ii) Other Operating Expenses ( All items exceeding | 1799.73 | 1468.91 | 1603.44 | 3268.64 | 3017.44 | 6581.71 | |
| 10% of the total expenditure excluding interest expenditure may be shown separately) |
|||||||
| TOTAL EXPENSES ((4+5) excluding Provisions & Contingencies) |
15727.85 | 15459.40 | 16196.95 | 31187.25 | 32597.41 | 64515.81 | |
| $\overline{7}$ | Operating Profit before Provisions and Contingencies $(3-6)$ |
5603.64 | 5480.88 | 4596.97 | 11084.52 | 9201.34 | 19688.97 |
| 8 | Provisions (Other than Tax) and Contingencies | 3360.23 | 3458.74 | 3974.02 | 6818.97 | 8119.28 | 15981.75 |
| of which provisions for Non-performing assets | 2678.48 | 2334.88 | 3532.81 | 5013.36 | 7082.80 | 14167.97 | |
| 9 | Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 10 | Profit (+) / Loss (-) from Ordinary Activities before tax $(7-8-9)$ |
2243.41 | 2022.14 | 622.95 | 4265.55 | 1082.06 | 3707.22 |
| 11 | Tax expense | 910.80 | 844.67 | 178.54 | 1755.47 | 231.41 | 1149.64 |
| 12 | Net Profit (+) / Loss (-) from Ordinary Activities after | 1332.61 | 1177.47 | 444.41 | 2510.08 | 850.65 | 2557.58 |
| 13 | tax (10-11) | ||||||
| 14 | Extraordinary items (net of tax expense) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 15 | Net Profit (+) / Loss (-) for the period (12-13) | 1332.61 | 1177.47 | 444.41 | 2510.08 | 850.65 | 2557.58 |
| Paid up Equity Share Capital (Face Value of each share- $Rs.10/-$ |
1814.13 | 1646.74 | 1453.50 | 1814.13 | 1453.50 | 1646.74 | |
| 16 | Reserves excluding Revaluation Reserves | 48953.95 | |||||
| 17 | Analytical Ratios | ||||||
| (i) Percentage of shares held by Government of India | 62.93% | 69.33% | 78.55% | 62.93% | 78.55% | 69.33% | |
| (ii) Capital Adequacy Ratio - Basel III | |||||||
| (a) Common Equity Tier I Ratio | 14.37% | 13.36% | 12.77% | 14.37% | 12.77% | 13.18% | |
| (b) Additional Tier 1 Ratio | 10.09% | 8.85% | 8.21% | 10.09% | 8.21% | 8.61% | |
| (iii) Earnings per Share (EPS) | 1.32% | 1.49% | 1.33% | 1.32% | 1.33% | 1.47% | |
| a) Basic and diluted EPS before Extraordinary items | |||||||
| (net of tax expense) for the period, for the year to date and for the previous year (Quarter numbers are not anualised) |
7.77 | 7.15 | 3.06 | 14.93 | 5.85 | 16.91 | |
| b) Basic and diluted EPS after Extraordinary items (net of tax expense) for the period, for the year to date and for the previous year (Quarter numbers are not) anualised) |
7.77 | 7.15 | 3.06 | 14.93 | 5.85 | 16.91 | |
| (iv) NPA Ratios | |||||||
| (a) Amount of Gross Non Performing Assets | 57853.09 | 58215.46 | 53437.92 | 57853.09 | 53437.92 | 60287.84 | |
| (b) Amount of Net Non Performing Assets | 20861.99 | 22434.06 | 21063.28 | 20861.99 | 21063.28 | 24442.07 | |
| (c) Percentage of Gross Non Performing Assets | 8.42% | 8.50% | 8.23% | 8.42% | 8.23% | 8.93% | |
| (d) Percentage of Net Non Performing Assets | 3.21% | 3.46% | 3.42% | 3.21% | 3.42% | 3.82% | |
| (v) Return on Assets (Annualised) | 0.46% | 0.41% | 0.16% | 0.43% | 0.16% | 0.23% | |
| (vi) Debt Equity Ratio | 0.64% | 0.73% | 0.81% | 0.64% | 0.81% | 0.76% | |
| (vii) Total Debts to Total Assets Ratio | 6.26% | 4.46% | 4.67% | 6.26% | 4.67% | 4.33% | |
| Capital Redemption Reservel (viii) Debenture |
NOT APPLICABLE | ||||||
| Redemption Reserve | |||||||
| (ix) Outstanding Redeemable Preference Shares (x) Net Worth |
NOT APPLICAT | ||||||
| Note:Debt represents porrowings with residual maturity of more than one year. Total Debt represents total yorrowings of the Bay | 46437.93 | 41865.57 | 36691.95 | 246437.93 | 36691.95 | 39814.26 | |
| ARC 000425 Bred Acc |
W Dell | FRIN 005120S | |||||
| केनस बैंक -Canara Bank - 20 C Tirtisher Syndicate (Head Office: Bengaluru - 2) |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| STANDALONE SEGMENT REPORTING FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPT 2021 | ||||||||||
| BUSINESS SEGMENTS | QUARTER ENDED | HALF YEAR ENDED | (Rs in crore) YEAR ENDED |
|||||||
| (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) | (AUDITED) | |||||||||
| 30.09.2021 | 30.06.2021 | 30.09.2020 | 30.09.2021 | 30.09.2020 | 31.03.2021 | |||||
| (1) a |
Segment Revenue Treasury Operations |
6151.09 | 5935.74 | 5217.26 | 12086.83 | 11159.16 | 21992.64 | |||
| b | Retail Banking Operations | 8494.41 | 8171.71 | 9663.56 | 16666.12 | 17514.77 | 32791.13 | |||
| $\mathbf c$ | Wholesale Banking Operations | 6685.99 | 6832.83 | 5913.10 | 13518.82 | 13124.82 | 29421.01 | |||
| d | Life Insurance Operation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| e | Other Banking Operation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| f | Unallocated | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| Total | 21331.49 | 20940.28 0.00 |
20793.92 0.00 |
42271.77 0.00 |
41798.75 0.00 |
84204.78 0.00 |
||||
| Less: Inter Segment Revenue Income from operations |
0.00 21331.49 |
20940.28 | 20793.92 | 42271.77 | 41798.75 | 84204.78 | ||||
| (2) | Segment Results | |||||||||
| $\mathbf{a}$ | Treasury Operations | 1930.69 | 2593.37 | 2341.54 | 4524.06 | 4744.24 | 6482.45 | |||
| b | Retail Banking Operations | 925.97 | 990.86 | 564.04 | 1916.83 | 861.35 | 3755.55 | |||
| $\mathbf c$ | Wholesale Banking Operations | (613.25) | (1562.09) | (2282.63) | (2175.34) | (4523.53) | (6530.78) | |||
| d | Life Insurance Operation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| $\mathbf{e}$ | Other Banking Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| Total | 2243.41 | 2022.14 | 622.95 | 4265.55 | 1082.06 | 3707.22 | ||||
| Unallocated Income/Expenses (including Provisions and contingencies) |
٠ | |||||||||
| Total Profit Before tax | 2243.41 | 2022.14 | 622.95 | 4265.55 | 1082.06 | 3707.22 | ||||
| Income tax | 910.80 | 844.67 | 178.54 | 1755.47 | 231.41 | 1149.64 | ||||
| Net Profit/(Loss) | 1332.61 | 1177.47 | 444.41 | 2510.08 | 850.65 | 2557.58 | ||||
| (3) | Segment Assets | |||||||||
| $\mathsf{a}$ b |
Treasury Operations Retail Banking Operations |
388054.92 384096.74 |
362592.80 363344.25 |
316668.34 330062.20 |
388054.92 384096.74 |
316668.34 330062.20 |
351206.92 363829.16 |
|||
| $\mathbf c$ | Wholesale Banking Operations | 381777.35 | 384664.50 | 378620.54 | 381777.35 | 378620.54 | 378930.95 | |||
| d | Life Insurance Operation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| e | Other Banking Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| $\mathsf f$ | Unallocated | 45203.64 | 47622.55 | 63651.12 | 45203.64 | 63651.12 | 59708.00 | |||
| Total Assets | 1199132.65 | 1158224.10 | 1089002.20 | 1199132.65 | 1089002.20 | 1153675.03 | ||||
| (4) | Segment Liabilities | |||||||||
| a | Treasury Operations | 372247.33 | 345717.57 | 307347.87 | 372247.33 | 307347.87 | 342345.57 | |||
| b | Retail Banking Operations | 364064.76 | 352317.11 | 320648.93 | 364064.76 | 320648.93 | 350460.08 | |||
| $\mathbf C$ | Wholesale Banking Operations | 371337.71 | 375506.03 | 371536.06 | 371337.71 | 371536.06 | 368052.47 | |||
| d | Life Insurance Operation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| e | Other Banking Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| f | Unallocated | 27586.14 | 24666.50 | 35021.44 | 27586.14 | 35021.44 | 33931.98 | |||
| Total Liabilities | 1135235.94 | 1098207.21 | 1034554.30 | 1135235.94 | 1034554.30 | 1094790.10 | ||||
| (5) a |
Capital Employed Treasury Operations |
15807.59 | 16875.23 | 9320.48 | 15807.59 | 9320.48 | 8861.35 | |||
| b | Retail Banking Operations | 20031.98 | 11027.14 | 9413.27 | 20031.98 | 9413.27 | 13369.07 | |||
| C | Wholesale Banking Operations | 10439.64 | 9158.47 | 7084.47 | 10439.64 | 7084.47 | 10878.48 | |||
| d | Life Insurance Operation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| e | Other Banking Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| f | Unallocated | 17617.50 | 22956.05 | 28629.68 | 17617.50 | 28629.68 | 25776.03 | |||
| Total Capital Employed | 63896.71 | 60016.89 | 54447.90 | 63896.71 | 54447.90 | 58884.93 | ||||
| GEOGRAPHICAL SEGMENTS | QUARTER ENDED | HALF YEAR ENDED | YEAR ENDED | |||||||
| (REVIEWED) 30.09.2021 |
(REVIEWED) 30.06.2021 |
(REVIEWED) 30.09.2020 |
(REVIEWED) 30.09.2021 |
(REVIEWED) 30.09.2020 |
(AUDITED) 31.03.2021 |
|||||
| (1) | Revenue | |||||||||
| a | Domestic | 21077.86 | 20693.28 | 20516.13 | 41771.14 | 41267.12 | 82912.34 | |||
| b | International | 253.63 | 247.00 | 277.79 | 500.63 | 531.63 | 1292.44 | |||
| Total | 21331.49 | 20940.28 | 20793.92 | 42271.77 | 41798.75 | 84204.78 | ||||
| (2) | Assets | |||||||||
| a | Domestic | 1103047.08 | 1069718.40 | 1008966.46 | 1103047.08 | 1008966.46 | 1067393.99 | |||
| b | International | 96085.57 | 88505.70 | 80035.74 | 96085.57 | 80035.74 | 86281.04 | |||
| Total | 1199132.65 | 1158224.10 | 1089002.20 | 1199132.65 | 1089002.20 | 1153675.03 |
Notes on Segment Reporting:
As per RBI guidelines and in compliance with the applicable Accounting Standards, the Bank has classified "Treasury Operations", "Retail
Banking Operations", "Wholesale Banking Operations", "Life Insurance Operations" and $\ddot{\phantom{1}}$
$\overline{2}$ Segment revenue represents revenue from external customers.
Capital employed for each segment has been allocated proportionate to the assets of the segment. $\mathbf{3}$
ered Acc
BANACORE
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FRN 005120S
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車 9
$\overline{4}$
ARG41
केजरा बैंक Canara Bank z Syndicate E raving
(Head Office: Bengaluru - 2)
CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPT 2021
| (RS In Crore) | |||||||
|---|---|---|---|---|---|---|---|
| SI. | PARTICULARS | (UNAUDITED) | QUARTER ENDED (UNAUDITED) (UNAUDITED) |
HALF YEAR ENDED (UNAUDITED) |
YEAR ENDED | ||
| No. | 30.09.2021 | 30.06.2021 | 30.09.2020 | 30.09.2021 | (UNAUDITED) 30.09.2020 |
(AUDITED) 31.03.2021 |
|
| $\mathbf{1}$ | INTEREST EARNED (a)+(b)+(c)+(d) | 17336.33 | 17068.08 | 17942.48 | 34404.41 | 36197.24 | 70253.27 |
| (a) Interest/discount on advances/bills | |||||||
| (b) Income on Investments | 12168.65 | 12030.09 | 13097.99 | 24198.74 | 26219.88 | 50422.41 | |
| (c) Interest on balances with Reserve Bank of India & | 4486.78 | 4442.93 | 4434.98 | 8929.71 | 8922.52 | 17861.76 | |
| Other Inter-Bank Funds | 674.39 | 562.77 | 369.77 | 1237.16 | 994.28 | 1861.33 | |
| (d) Others | 6.51 | 32.29 | 39.74 | 38.80 | 60.56 | 107.77 | |
| $\overline{\mathbf{2}}$ | Other Income | 6539.67 | 5950.88 | 4695.78 | 12490.55 | 9473.86 | 23086.18 |
| 3 | TOTAL INCOME (1+2) | 23876.00 | 23018.96 | 22638.26 | 46894.96 | 45671.10 | 93339.45 |
| $\overline{\bf 4}$ | Interest Expended | 10791.47 | 10626.79 | 11387.63 | 21418.26 | 23329.80 | 45182.50 |
| 5 | Operating Expenses (i)+(ii) | 7704.89 | 6981.95 | 6623.58 | 14686.84 | 13081.81 | 28284.90 |
| (i) Employees Cost | 3266.24 | 3477.65 | 3312.86 | 6743.89 | 6450.49 | 13166.00 | |
| (ii) Other Operating Expenses (All items exceeding 10% | 3310.72 | 7942.95 | 6631.32 | 15118.90 | |||
| of the total expenditure excluding interest expenditure may be shown separately) |
4438.65 | 3504.30 | |||||
| 6 | TOTAL EXPENSES ((4+5) excluding Provisions & Contingencies) |
18496.36 | 17608.74 | 18011.21 | 36105.10 | 36411.61 | 73467.40 |
| $\overline{7}$ | Operating Profit before Provisions and Contingencies (3- 6) |
5379.64 | 5410.22 | 4627.05 | 10789.86 | 9259.49 | 19872.05 |
| 8 | Provisions (Other than Tax) and Contingencies | 3360.73 | 3463.66 | 3978.55 | 6824.39 | 8124.08 | 15990.50 |
| of which provisions for Non-performing assets | 2676.13 | 2339.87 | 3536.83 | 5016.00 | 7086.82 | 14174.20 | |
| 9 | Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 10 | Profit (+) / Loss (-) from Ordinary Activities before tax (7- $8-9)$ |
2018.91 | 1946.56 | 648.50 | 3965.47 | 1135.41 | 3881.55 |
| 11 | Tax expense | 918.32 | 851.77 | 182.62 | 1770.09 | 237.72 | 1179.57 |
| 12 | Net Profit (+) / Loss (-) from Ordinary Activities after tax $(10-11)$ |
1100.59 | 1094.79 | 465.88 | 2195.38 | 897.69 | 2701.98 |
| 13 | Extraordinary items (net of tax expense) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 14 | Net Profit (+) / Loss (-) for the period (12-13) | 1100.59 | 1094.79 | 465.88 | 2195.38 | 897.69 | 2701.98 |
| 15 | Add: Share of Earnings in Associates | 93.84 | 95.90 | 13.68 | 189.74 | 69.21 | 254.58 |
| 16 | Less: Minority Interest | (119.98) | (43.84) | 13.15 | (163.82) | 21.81 | 65.96 |
| 17 | Net Profit (+) / Loss(-) after Minority Interest (14+15-16) | 1314.41 | 1234.53 | 466.41 | 2548.94 | 945.09 | 2890.60 |
| 18 | Paid up Equity Share Capital (Face Value of each share- Rs.10/-) |
1814.13 | 1646.74 | 1453.50 | 1814.13 | 1453.50 | 1646.74 |
| Reserves excluding Revaluation Reserves | 52478.61 | ||||||
| 20 | Analytical Ratios | ||||||
| (i) Percentage of shares held by Government of India | 62.93% | 69.33% | 78.55% | 62.93% | 78.55% | 69.33% | |
| (ii) Capital Adequacy Ratio - Basel III | 14.45% | 13.46% | 12.86% | 14.45% | 12.86% | 13.27% | |
| (a) Common Equity Tier I Ratio | 10.19% | 8.97% | 8.31% | 10.19% | 8.31% | 8.71% | |
| (b) Additional Tier 1 Ratio | 1.31% | 1.48% | 1.33% | 1.31% | 1.33% | 1.47% | |
| (iii) Earnings per Share (EPS) | |||||||
| a) Basic and diluted EPS before Extraordinary items (net of tax expense) for the period, for the year to date and for the previous year (Quarter numbers are not anualised) |
7.66 | 7.50 | 3.21 | 15.16 | 6.50 | 19.11 | |
| b) Basic and diluted EPS after Extraordinary items (net of tax expense) for the period, for the year to date and for the previous year (Quarter numbers are not anualised) |
7.66 | 7.50 | 3.21 | 15.16 | 6.50 | 19.11 | |
| (iv) NPA Ratios | |||||||
| (a) Amount of Gross Non Performing Assets | 57973.14 | 58340.85 | 53648.29 | 57973.14 | 53648.29 | 60397.80 | |
| (b) Amount of Net Non Performing Assets | 20884.40 | 22457.50 | 21097.17 | 20884.40 | 21097.17 | 24455.07 | |
| (c) Percentage of Gross Non Performing Assets | 8.44% | 8.52% | 8.26% | 8.44% | 8.26% | 8.94% | |
| (d) Percentage of Net Non Performing Assets | 3.21% | 3.46% | 3.42% | 3.21% | 3.42% | 3.82% | |
| (v) Return on Assets (Annualised) | 0.43% | 0.46% | 0.18% | & ASSEX | 0.17% | 0.26% |
केनरा बैंक Canara Bank $\Delta$
C Williams Syndicate
Thead Office : Bengaluru - 2)
CONSOLIDATED SEGMENT REPORTING FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPT 2021
| (Rs in crore) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| BUSINESS SEGMENTS | QUARTER ENDED | HALF YEAR ENDED | YEAR ENDED | ||||||
| (UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (AUDITED) | ||||
| 30.09.2021 | 30.06.2021 | 30.09.2020 | 30.09.2021 | 30.09.2020 | 31.03.2021 | ||||
| (1) | Segment Revenue | ||||||||
| a | Treasury Operations | 6151.09 | 5935.74 | 5217.26 | 12086.83 | 11159.16 | 21992.64 | ||
| $\mathbf b$ | Retail Banking Operations | 8455.22 | 8151.49 | 9579.14 | 16606.71 | 17452.11 | 32727.81 | ||
| $\mathsf{C}$ | Wholesale Banking Operations | 6654.70 | 6815.92 | 5861.44 | 13470.62 | 13077.86 | 29364.19 | ||
| d | Life Insurance Operation | 2614.99 | 2115.81 | 1980.42 | 4730.80 | 3981.97 | 9254.81 | ||
| e | Other Banking Operation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| f | Unallocated | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Total | 23876.00 | 23018.96 | 22638.26 | 46894.96 | 45671.10 | 93339.45 | |||
| Less: Inter Segment Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| Income from operations | 23876.00 | 23018.96 | 22638.26 | 46894.96 | 45671.10 | 93339.45 | |||
| (2) | Segment Results | ||||||||
| a | Treasury Operations | 1930.69 | 2593.37 | 2341.54 | 4524.06 | 4744.24 | 6482.45 | ||
| b | Retail Banking Operations | 946.92 | 1003.62 | 567.99 | 1950.54 | 874.78 | 3743.52 | ||
| $\mathbf{C}$ | Wholesale Banking Operations | (596.56) | (1551.44) | (2280.21) | (2148.00) | (4513.46) | (6446.53) | ||
| d | Life Insurance Operation | (262.14) | (98.99) | 19.18 | (361.13) | 29.85 | 102.11 | ||
| e | Other Banking Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Total | 2018.91 | 1946.56 | 648.50 | 3965.47 | 1135.41 | 3881.55 | |||
| Unallocated Income/Expenses (including Provisions and contingencies) |
|||||||||
| Total Profit Before tax | 2018.91 | 1946.56 | 648.50 | 3965.47 | 1135.41 | 3881.55 | |||
| Income tax | 918.32 | 851.77 | 182.62 | 1770.09 | 237.72 | 1179.57 | |||
| Net Profit/(Loss) | 1100.59 | 1094.79 | 465.88 | 2195.38 | 897.69 | 2701.98 | |||
| ADD: Share of Earnings in Associates | 93.84 | 95.90 | 13.68 | 189.74 | 69.21 | 254.58 | |||
| Less: Minority Interest | (119.98) | (43.84) | 13.15 | (163.82) | 21.81 | 65.96 | |||
| Consolidated Profit (+) / Loss(-) after Minority Interest Segment Assets |
1314.41 | 1234.53 | 466.41 | 2548.94 | 945.09 | 2890.60 | |||
| (3) a |
Treasury Operations | 388054.92 | 362592.80 | 316668.34 | 388054.92 | 316668.34 | 351206.92 | ||
| b | Retail Banking Operations | 384096.74 | 358089.89 | 330062.20 | 384096.74 | 330062.20 | 358607.52 | ||
| $\mathbf c$ | Wholesale Banking Operations | 381777.35 | 389918.85 | 378620.54 | 381777.35 | 378620.54 | 384152.60 | ||
| d | Life Insurance Operation | 25314.70 | 23761.95 | 18828.20 | 25314.70 | 18828.20 | 22584.45 | ||
| e | Other Banking Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| f | Unallocated | 48795.64 | 51039.26 | 66719.61 | 48795.64 | 66719.61 | 62988.11 | ||
| Total Assets | 1228039.35 | 1185402.75 | 1110898.89 | 1228039.35 | 1110898.89 | 1179539.60 | |||
| (4) | Segment Liabilities | ||||||||
| a | Treasury Operations | 372247.33 | 345717.57 | 307347.87 | 372247.33 | 307347.87 | 342345.57 | ||
| b | Retail Banking Operations | 364064.76 | 347388.17 | 320648.93 | 364064.76 | 320648.93 | 345570.39 | ||
| c | Wholesale Banking Operations | 371337.71 | 380434.97 | 371536.06 | 371337.71 | 371536.06 | 372942.16 | ||
| d | Life Insurance Operation | 24846.01 | 23159.57 | 18217.25 | 24846.01 | 18217.25 | 21931.59 | ||
| e | Other Banking Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| $\mathbf{f}$ | Unallocated | 28095.79 | 25126.49 | 35446.85 | 28095.79 | 35446.85 | 34340.30 | ||
| Total Liabilities | 1160591.60 | 1121826.77 | 1053196.96 | 1160591.60 | 1053196.96 | 1117130.01 | |||
| (5) | Capital Employed | ||||||||
| a | Treasury Operations | 15807.59 | 16875.23 | 9320.48 | 15807.59 | 9320.48 | 8861.35 | ||
| b | Retail Banking Operations | 20031.98 | 10701.73 | 9413.27 | 20031.98 | 9413.27 | 13037.13 | ||
| C | Wholesale Banking Operations | 10439.64 | 9483.88 | 7084.47 | 10439.64 | 7084.47 | 11210.43 | ||
| d | Life Insurance Operation | 468.69 | 602.38 | 610.95 | 468.69 | 610.95 | 652.86 | ||
| e f |
Other Banking Operations Unallocated |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Total Capital Employed | 20699.85 67447.75 |
25912.76 63575.98 |
31272.76 57701.93 |
20699.85 67447.75 |
31272.76 57701.93 |
28647.82 62409.59 |
|||
| GEOGRAPHICAL SEGMENTS | QUARTER ENDED | HALF YEAR ENDED | YEAR ENDED | ||||||
| (UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (UNAUDITED) | (AUDITED) | ||||
| 30.09.2021 | 30.06.2021 | 30.09.2020 | 30.09.2021 | 30.09.2020 | 31.03.2021 | ||||
| (1) | Revenue | ||||||||
| a | Domestic | 23611.53 | 22761.14 | 22351.07 | 46372.67 | 45120.86 | 92005.18 | ||
| b | International | 264.47 | 257.82 | 287.19 | 522.29 | 550.24 | 1334.27 | ||
| Total | 23876.00 | 23018.96 | 22638.26 | 46894.96 | 45671.10 | 93339.45 | |||
| (2) | Assets | ||||||||
| a | Domestic | 1131560.62 | 1096461.13 | 1030469.52 | 1131560.62 | 1030469.52 | 1092833.79 | ||
| b | International | 96478.73 | 88941.62 | 80429.37 | 96478.73 | 80429.37 | 86705.81 | ||
| Total | 1228039.35 | 1185402.75 | 1110898.89 | 1228039.35 | 1110898.89 | 1179539.60 | |||
| Notes on Seament Reporting: |
$\alpha$
id A
$\frac{1}{2}$
$\overline{3}$
$\overline{4}$
As per RBI guidelines and in compliance with the applicable Accounting Standards, the Bank has classified "Treasury Operations", "Retail Banking
Operations", "Wholesale Banking Operations","Life Insurance Operations" and " $\overline{1}$
Segment revenue represents revenue from external customers.
Capital employed for each segment has been allocated proportionate to the assets of the segment.
Figures of the previous period have been regrouped/reclassified wherever considered necessary to conform to current p
FRN 005120S `a HYD RABAC Fed Act
$\overline{\mathbf{s}}$
red Act
केनरा बैंक Canara Bank
R Firecase Syndicate (Head Office: Bengaluru - 2)
| (Hoad Office, Dongalulu - 2) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| STATEMENT OF ASSETS AND LIABILITIES | (Rs in Crore) | ||||||||
| PARTICULARS | Standalone | Consolidated | |||||||
| As on 30.09.2021 |
As on 30.09.2020 |
As on 31.03.2021 |
As on 30.09.2021 |
As on 30.09.2020 |
As on 31.03.2021 |
||||
| (UNAUDITED) | (UNAUDITED) | (AUDITED) | (UNAUDITED) | (UNAUDITED) | (AUDITED) | ||||
| CAPITAL AND LIABILITIES |
|||||||||
| CAPITAL | 1814.13 | 1453.50 | 1646.74 | 1814.13 | 1453.50 | 1646.74 | |||
| RESERVES AND SURPLUS |
62082.59 | 52994.40 | 57238.19 | 65633.64 | 56248.43 | 60762.85 | |||
| MINORITY INTEREST |
627.11 | 749.46 | 793.38 | ||||||
| DEPOSITS | 1032536.56 | 948767.14 | 1010874.58 | 1032634.14 | 948876.23 | 1010985.02 | |||
| BORROWINGS | 75113.26 | 50800.40 | 49983.56 | 75213.27 | 50859.41 | 50012.80 | |||
| OTHER LIABILITIES AND PROVISIONS |
27586.11 | 34986.76 | 33931.96 | 52117.06 | 52711.86 | 55338.81 | |||
| TOTAL | 1199132.65 | 1089002.20 | 1153675.03 | 1228039.35 | 1110898.89 | 1179539.60 | |||
| ASSETS | |||||||||
| CASH & BALANCES WITH RESERVE BANK OF INDIA |
46927.07 | 36357.65 | 43111.62 | 46945.76 | 36359.88 | 43115.94 | |||
| BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE |
155675.90 | 98423.40 | 135296.41 | 156001.24 | 98634.58 | 135750.44 | |||
| INVESTMENTS | 283506.33 | 265246.05 | 261690.39 | 310951.45 | 285992.69 | 286191.25 | |||
| ADVANCES | 649584.15 | 616301.70 | 639048.99 | 649963.01 | 616529.36 | 639286.54 | |||
| FIXED ASSETS | 11081.65 | 10791.66 | 11206.53 | 11175.21 | 10841.57 | 11271.17 | |||
| OTHER ASSETS | 52357.55 | 61881.74 | 63321.09 | 53002.68 | 62540.81 | 63924.26 | |||
| TOTAL | 1199132.65 | 1089002.20 | 1153675.03 | 1228039.35 | 1110898.89 | 1179539.60 |
Notes forming part of Standalone and Consolidated Financial Results for the quarter and half year ended 30.09.2021.
- The above financial results have been reviewed by the Audit Committee of the Board and approved by the Board of Directors at their respective meetings held on 26.10.2021. The results have been subjected to "Limited Review" by the Statutory Central Auditors of the Bank in line with the guidelines issued by the Reserve Bank of India and as per the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.
(Head Office: Bengaluru - 2)
-
- The above financial results have been arrived at after considering provision for standard assets, non performing assets, restructured assets, stressed sector accounts, income tax, deferred tax, depreciation on investments and fixed assets. employee benefits, other necessary provisions and contingencies as per RBI's specific directions, judicial pronouncements and applicable Accounting Standards issued by the Institute of Chartered Accountants of India. The Bank has applied its significant accounting policies in the preparation of these financial results that are consistent with those followed in the annual financial statements for the year ended 31.03.2021.
-
- The consolidated financial results are prepared in accordance with Accounting Standard 21 on "Accounting for Consolidated Financial Statements", Accounting Standard 23 on "Accounting for Investment in Associates" and Accounting Standard 27 on "Financial Reporting of Interest in Joint Ventures" issued by the Institute of Chartered Accountants of India and quidelines issued by the RBI.
-
- In accordance with SEBI regulations, for the purpose of consolidated financial results for the half year ended 30.09.2021, minimum eighty percent (80%) of each of consolidated revenue, assets and profits have been subject to review.
-
- The consolidated financial results of the Group comprises the results of the following 9 (nine) Subsidiaries, 5 (five) Associates including 4 (four) Regional Rural Bank (RRBs) and 1(one) Joint Venture:
| SI No |
Name of Company | Type of Incorporation |
Country of Incorporation |
Percentage Οf Ownership Interest |
|---|---|---|---|---|
| 1 | Canbank Venture Capital Fund Ltd |
Subsidiary | India | 100% |
| $\overline{2}$ | Financial Canbank Services Ltd |
Subsidiary | India | 100% |
| 3 | Securities Canara Bank Ltd |
Subsidiary | India | 100% |
| 4 | Canbank Factors Ltd | Subsidiary | India | 70% |
| 5 | Canbank Computer Services Ltd |
Subsidiary | India | 69.14% |
| 6 | Robeco Asset Canara Management Company Ltd |
Subsidiary | India | 51% |
| $\overline{7}$ | HSBC Oriental Canara Bank of Commerce Life Insurance Company Ltd |
Subsidiary | India | 51% |
| 8 | SyndBank Services Ltd | Subsidiary | India | 100% |
| 9 | Canara Bank (Tanzania) ht |
Subsidiary | Tanzania | 100% |
Canara Bank $\leq$ केनरा बैंक
ि सिडिकेट Syndicate
(Head Office: Bengaluru - 2)
| SI No |
Name of Company | Type of Incorporation |
Country of Incorporation |
Percentage оf Ownership Interest |
|---|---|---|---|---|
| 10 | Canfin Homes Ltd | Associate | India | 29.99% |
| 11 | Karnataka Gramin Bank | Associate | India | 35% |
| 12 | Kerala Gramin Bank | Associate | India | 35% |
| 13 | Andhra Pragati Grameena Bank |
Associate | India | 35% |
| 14 | Vikas Karnataka Grameena Bank |
Associate | India | 35% |
| 15 | Commercial Bank Indo LLC |
Joint Venture | Moscow, Russia |
40% |
Higher Education Financing Agency (HEFA) is a joint venture of MHRD, Government of India (90.91%) and Canara Bank (9.09%) for financing towards creation of capital assets in premier educational institutions in India. HEFA is registered under Section 8 (Not-for-profit) under the Companies Act 2013 as a Union Govt company and as Nondeposit taking NBFC with RBI.
Since there is no right over the profits of Section 8 Company and considering the long term restrictions over transfer of funds by HEFA, the financials of the HEFA has not been considered in CFS of the Bank.
-
- During the quarter ended 30.09.2021, Bank has issued and allotted 16,73,92,032 equity shares having face value of Rs 10/- each to qualified institutional players at an issue price of Rs 149.35 per equity shares (Which includes Rs 139.35 per equity shares towards share premium).
-
- During the quarter ended 30.09.2021, Bank has set off its accumulated losses of Rs18495.30 crore as at 31.03.2021 against the available balance in the share premium account after obtaining approval from shareholders as well as Reserve Bank of India.
-
- In accordance with RBI circular no. DBR.No.BP. BC.18/21.04.048/2018-19 dated 01.01.2019,DOR.No.BP.BC.34/21.4.048/ 2019-20 dated 11.02.2020 and DOR.No. BP.BC/4/ 21.04.048/ 2020-21 dated 06.08.2020, on "Relief for MSME borrowers either exempted or registered under Goods and Service Tax (GST)", the details of MSME restructured accounts from 01.01.2019 to 30.09.2021 are as under:
| Number of Accounts Restructured Amount as on 30.09.2021 (Rs in crore) | |
|---|---|
| 80708 | 3308.65 |
(Head Office: Bengaluru - 2)
-
- As per RBI Letters No DBR.No.BP.15199/21.04.048/2016-17 and DBR. No.BP.BC. 1941/21.04.048/2017-18 dated June 23,2017 and August 28, 2017 respectively, for the accounts covered under the provisions of Insolvency and Bankruptcy Code (IBC), the Bank is holding total provision of Rs 8572.65 crore (99.50% of total outstanding) as on 30.09.2021.
-
- Based on the available financial statements and the declaration from borrowers. the Bank has estimated the liability towards Unhedged Foreign Currency Exposure to their constituents in terms of RBI Circular DBOD.No.BP.BC.85/21.06.200/2013-14 dated 15.01.2014 and holds a provision of Rs 31.32 Crore as on 30.09.2021.
-
- During the half year ended 30.09.2021, Bank has sold 1,60,000 units under Priority Sector Lending Certificates (PSLCs) and earned commission income of Rs 909.70 crore.
-
- Pursuant to RBI Circular DBR. No. BP.BC.1/21.06.201/2015-16 dated 01.07.2015 on 'Basel III Capital Adequacy' read together with the RBI Circular DBR. No. BP.BC.80/21.06.201/2014-15 dated 31.03.2015 on 'Prudential Guidelines on Capital Adequacy and Liquidity Standard Amendments', the Banks are required to make Pillar 3 disclosures including leverage ratio and liquidity coverage ratio under the Basel III framework. These disclosures will be made available at the following link at our Bank's website"www.canarabank.com".
"https://canarabank.com/User_page.aspx?menulevel=5&menuid=5&CatID=7.
These disclosures have not been subjected to review by the auditors.
-
- Provision Coverage Ratio of the Bank as on 30.09.2021 is 82.44% (81.18% as at 30.06.2021).
-
- As per the RBI Circular DBR. No. BP. BC. 45/21.04.048/2018-19 dated 07.06.2019 on prudential framework for Resolution of Stressed Assets, Bank holds an additional provision of Rs 1797.24 crore in 17 accounts as detailed below.
| (Rs in crore) | |||||
|---|---|---|---|---|---|
| Amount of | Amount | Amount of | Provision | Additional | Provision |
| loans impacted | of loans | loans as | held as on | provision/ | held as on |
| by RBI Circular | to be | on | 30.06.2021 | (Reversal) | 30.09.2021 |
| classified | 30.09.2021 | made | |||
| as NPA | out of (b) | during | |||
| (a) | classified as NPA (c) |
(d) | quarter ended 30.09.2021 |
(f) | |
| (b) | (e) | ||||
| 9034.64 | 8647.17 | 8647.17 | 2208.11 | (410.87) | 1797.24 |
-
- Bank has evaluated the options available under Section 115BAA of Income Tax Act and opted to continue to recognise the taxes on Income for the half year ended 30.09.2021 as per the regular provisions of Income Tax Act, 1961.
-
- The current tax expenses and deferred tax expenses are determined in accordance with the provisions of the Income Tax Act, 1961 and as per the Accounting Standard 22-"Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India respectively after taking into account taxes paid at the foreign offices, which are based on the tax laws of respective jurisdictions.
-
- The impact of COVID 19 including changes in customer behaviour and pandemic fears, as well as restrictions on business and individual activities, has lead to significant volatility in global and Indian financial markets and a significant decrease in global and local economic activities. The major identified challenges for the Bank would arise from eroding cash flows and extended capital cycles.
Despite the challenges, the management believes that no adjustments are required in the financial results, as it does not significantly impact the current half year ended 30.09.2021 and there would not be any significant impact on Bank's results in future and going concern assumptions.
-
- The Honourable Supreme Court of India vide an interim order dated 03.09.2020 had directed that accounts which were not declared NPA till 31.08.2020 shall not be declared as NPA till further orders, which has been complied with by the Bank. The said interim order stood vacated on 23.03.2021 and the Bank continued with the asset classification of borrower accounts as per the extant RBI instructions/IRAC norms. In view of this, the results for the half year ended September 2021 may not be comparable with the corresponding half year of FY 2020-2021.
-
- Other income includes profit/loss on sale of assets, profit/loss on revaluation of investments (net), earnings from foreign exchange and derivative transactions, income from sale of PSLC certificates, recoveries from accounts previously written off. dividend income etc
केनारा बैंक Canara Bank ई
E Terebe Syndicate
(Head Office: Bengaluru - 2)
- Details of resolution plan implemented under Resolution Framework for Covid 19 related stress as per RBI Circular dated 06.08.2020 are given below.
| $(C)$ of $(B)$ , | (D) | Rs in crore except number of accounts) Increase (E) |
||||
|---|---|---|---|---|---|---|
| Type of Borrower |
(A) Number of |
(B) Exposure |
aggregat | Additional | in provisions | |
| accounts where |
to accounts |
e amount |
funding sanctioned, |
account on the of |
||
| resolution | mentioned | debt оf |
if any, |
implementati | ||
| has plan been implement under ed this window |
at (A) before implement ation of the plan |
that was converte in $\mathbf{t}$ d other securitie S |
including between invocation of the plan and implementa tion |
of the on resolution |
||
| Personal Loan |
4832 | 595.60 | 0.00 | 0.00 | 59.56 | |
| Corporate Persons* |
25 | 4287.42 | 0.00 | 22.50 | 430.99 | |
| MSMEs | 30.91 | 0.00 | 0.00 | 6.18 | ||
| Others | 9139 | 152.97 | 0.00 | 10.24 | 15.30 | |
| Total | 13997 | 5066.90 | 0.00 | 32.74 | 512.03 |
| Type of Borrower |
to Exposure accounts classified as Standard to consequent implementation resolution Οf plan - Position as at the end of the previous half-year (A) |
Of (A), aggregate debt that slipped into NPA during the half-year |
Of (A) amount written off during the half- year |
Of (A) amount paid by the borrowers during the half-year |
to Exposure accounts classified as Standard consequent to implementation resolution of plan - Position as at the end of this half-year |
|---|---|---|---|---|---|
| Personal Loan |
592.07 | 20.28 | 0.00 | 23.64 | 575.32 |
| Corporate Persons* |
1256.89 | 0.00 | 0.00 | 0.00 | 1402.35 |
| MSMEs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Others | 169.30 | 9.00 | 0.03 | 10.00 | 161.53 |
| Total | 2018.26 | 29.28 | 0.03 | 33.64 | 2139.20 |
* As defined in Section 3(7) of the Insolvency and Bankruptcy Code 2016.
(Head Office: Bengaluru - 2)
-
- There were 12185 borrower accounts having an aggregate exposure of Rs 547.38 crore, where resolution plans had been implemented under RBI's Resolution Framework 1.0 dated August 6, 2020 and now modified under RBI's Resolution Framework 2.0 dated May 5, 2021.
-
- Details of resolution plan implemented under Resolution Framework -2.0 for Covid 19 related stress of Individuals and Small Businesses as per RBI Circular dated 05.05.2021 are given below.
| Rs in crore) | ||||
|---|---|---|---|---|
| SI | Description | Individual Borrowers | Small | |
| No | Personal | Business | Businesses | |
| Loans | Loans | |||
| (A) | Number of requests received for invoking resolution process under Part A |
206234 | 18700 | 166931 |
| (B) | Number of accounts where resolution plan has been implemented under this window |
167696 | 65 | 142093 |
| (C) | Exposure to accounts mentioned at (B) before implementation of the plan |
10503.58 | 7.89 | 2964.21 |
| (D) | Of (C), aggregate amount of debt that was converted into other securities |
0.00 | 0.00 | 0.00 |
| (E) | Additional funding sanctioned, if any, including between invocation of the plan and implementation |
227.48 | 2.38 | 737.73 |
| (F) | Increase in provisions on account of the implementation of the resolution plan |
1050.36 | 0.79 | 296.42 |
- Number of Investors' complaints received and disposed off during the quarter ended 30.09.2021.
| Pending at the beginning of the quarter | NIL | |
|---|---|---|
| Received during the quarter | 124 | |
| iii) | Disposed off during the quarter | 124 |
| iv) | Lying unresolved at the end of the quarter | NIL |
केनरा बैंक Canara Bank R Ferredaz Syndicate (Head Office: Bengaluru - 2) 24. Figures for the corresponding periods have been regrouped/reclassified wherever considered necessary. The figures for the quarter ended 30.09.2021 are the balancing figures between reviewed figures in respect of the half year ended 30.09.2021 and the reviewed figures to date figures up to 30.06.2021. noh K SIVARAMAKRISHNAN GANESH R R MAHENDRAN DIVISIONAL MANAGER ASST GENERAL MANAGER DIVISIONAL MANAGER $-16d$ $\leftarrow$ S K MAJUMDAR V RAMACHANDRA CHIEF GENERAL MANAGER GENERAL MANAGER & CFO DEBASHISH MUKHERJEE BRIJ MOHAN SHARMA K. SATYANARAYANA RAJU A. MANIMEKHALAI EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR L.V. PRABHAKAR MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER SUCHINDRA MISRA R KESAVAN VENKATACHALAM RAMAKRISHNA IYER BIMAL P SHARMA DIRECTOR DIRECTOR DIRECTOR DIRECTOR For N. K. BHARGAVA & CO For RAO & EMMAR For P A & ASSOCIATES CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS FRN: 313085E FRN: 000429N FRN: 003084S (K. C. BHARTI) (ADARSH N A) (BRAJANANDA DASH) PARTNER PARTNER PARTNER MEMBERSHIP NO:240166 MEMBERSHIP NO:062142 MEMBERSHIP NO:543102 For ARUN K AGARWAL & ASSOCIATES For SARATH & ASSOCIATES CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS FRN: 005120S FRN: 003917N nun (ARUN KUMAR AGARWAL) (P SARATH KUMAR) PARTNER PARTNER MEMBERSHIP NO:082899 MEMBERSHIP NO:021755 Place: Bangalore Date: 26.10.2021 LARGA & ASS arwa. DELHI BANGALOR FRN 005120S FR No 00045 -313085 Chartered HYDERABAD focountant $\Lambda$ C Dd Acc
E Fiftelse Syndicate
(Head Office: Bengaluru - 2)
STANDALONE CASH FLOW STATEMENT FOR THE PERIOD ENDED 30TH SEPTEMBER 2021 (Rs in Crore) As at As at 30.09.2021 30.09.2020 (Unaudited) (Unaudited) Cash Flow from Operating activities Net profit after Tax 2510.08 850.65 Add: Provision for Tax (Incl Provision for Deferred Tax) 1755.47 231.41 Net Profit Before Tax 4265.55 1082.06 Adjustments for: Depreciation 347.88 426.89 Loss on revaluation of Investments $(117.89)$ 274.46 Provision for Diminution in Fair Value and NPAs 7085.32 5051.00 Add: Amount Transferred to the Other Reserves 2163.50 Provision for Standard assets including unhedged foreign 800.30 $(12.28)$ currency provision Interest on Tier I and Tier II bonds 1003.87 990.27 Provision for contingencies and others 1779.81 181.45 Profit / loss on sale of Fixed Assets 0.48 3.13 Income from Investment in subsidiaries, JVs, etc. $(22.96)$ $(31.60)$ Provision for investment depreciation/ (appreciation) 125.73 7.49 Sub total 8142.04 11914.81 Adiustments for: (Increase)/ Decrease in investments $(21823.78)$ $(14, 324.50)$ (Increase)/ Decrease in advances $(15586.17)$ $(6813.03)$ Increase/ (Decrease) in borrowings 26059.70 $(11672.03)$ Increase/ (Decrease) in deposits 21661.98 43243.29 (Increase)/ Decrease in other assets 10713.69 $(10617.81)$ Increase/ (Decrease) in other liabilities and provisions $(8113.37)$ 4551.73 12912.05 4367.65 Less: Income Tax paid $(1493.90)$ $(878.20)$ Cash Generated from Operating Activities 23825.74 16486.32 $(A)$ Cash Flow from Investing activities Income from investment in subsidiaries and/or JVs 22.96 31.60 Net Inflow/Outflow from sale/purchase of Fixed Assets $(223.47)$ $(417.24)$ Cash generated from Investing activities $(B)$ $(200.51)$ $(385.64)$ Cash Flow from Financing activities Fresh issue of capital 167.39 Premium Received on Issue of share 2322.58 Payment of Interest on Tier 1 & Tier 2 Bonds $(1003.87)$ $(990.27)$ Amount paid to e-SB Shareholders (for Fraction Part) $(4.30)$ Fresh issue/Redemption of bonds including sub-ordinated debts $(930.00)$ $(568.20)$ $(C)$ Cash generated from Financing activities $(569.70)$ $(1576.37)$ Net Increase/ (Decrease) in cash and cash equivalents (A+B+C) 24194.93 14524.31 Opening Cash and Cash equivalents 120256.75 178408.04 cullen & ASSO Closing Cash and Cash Equivalents 202602.9 134781.06 ळ FRN 005/20S HYDERA LAD
केनस बैंक-Canara Bank दरी
R fiftebac Syndicate (Head Office: Bengaluru - 2)
Notes:
-
- The Cash Flow Statement has been prepared under the Indirect Method and figures has been re-grouped wherever considered necessary.
-
- Cash and Cash equivalents includes Cash on hand, Balance with RBI & Other Banks and Money at Call and Short Notice:
| Components of Cash & Cash Equivalents | As at 30.09.2021 (Unaudited) |
As at 30.09.2020 (Unaudited) |
|---|---|---|
| Cash & Balance with RBI | 46927.07 | 36357.66 |
| Balances with Banks and Money at Call and Short Notice | 155675.90 | 98423.40 |
| Total | 202602.97 | 134781.06 |
Den
K SIVARAMAKRISHNAN
R MAHENDRAN DIVISIONAL MANAGER
DIVISIONAL MANAGER
$-$ ez - le reague $\varrho_{\rm e}$ SK MAJUMDAR
GENERAL MANAGER & CFO
BRIJ MOHAN SHARMA EXECUTIVE DIRECTOR
K. SATYANARAYANA RAJU EXECUTIVE DIRECTOR
A. MANIMEKHALAI EXECUTIVE DIRECTOR
DEBASHISH MUKHERJEE EXECUTIVE DIRECTOR
GANESH R
ASST GENERAL MANAGER
RAMACHANDRA
CHIEF GENERAL MANAGER
L.V. PRABHAKAR MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER
SUCHINDRA MISRA R KESAVAN VENKATACHALAM RAMAKRISHNA IYER BIMAL P SHARMA DIRECTOR DIRECTOR DIRECTOR DIRECTOR For N. K. BHARGAVA & CO For RAO & EMMAR For P A & ASSOCIATES CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS FRN: 000429N FRN: 003084S FRN: 313085E (K. C. BHARTI) (ADARSH N A) (BRAJANANDA DASH) PARTNER PARTNER PARTNER MEMBERSHIP NO:543102 MEMBERSHIP NO:240166 MEMBERSHIP NO:062142 For ARUN K AGARWAL & ASSOCIATES For SARATH & ASSOCIATES CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS FRN: 005120S FRN: 003917N anne KUMAR AGARWALT (P SARATH KUMAR) ARUN PARTNER PARTNER MEMBERSHIP NO:021755 MEMBERSHIP NO:082899 & ASSO DEPLACE, BENGALURU BANGALOR Chartered DATE: 26.10.2021 RN-3130858 FRN 005120S ò Accountants HYDFRARAD $ACC$ d Acc
C Timber Syndicate
(Head Office: Bengaluru - 2)
| CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD ENDED 30TH SEPTEMBER 2021 | |||
|---|---|---|---|
| (Rs. in Crore) | |||
| As at 30.09.2021 | As at 30.09.2020 | ||
| (Unaudited) | (Unaudited) | ||
| Cash Flow from Operating activities | |||
| Net profit after Tax | 2548.94 | 945.09 | |
| Add: Provision for Tax (Incl Provision for Deferred Tax) | 1770.09 | 237.72 | |
| Net Profit Before Tax | 4319.03 | 1182.81 | |
| Adjustments for: | |||
| Depreciation | 360.00 | 435.03 | |
| Loss on revaluation of Investments | 898.02 | 1787.30 | |
| Provision for Diminution in Fair Value and NPAs | 5416.03 | 7086.82 | |
| Add: Amount Transferred to the Other Reserves | 2163.51 | ||
| Provision for Standard assets including unhedged foreign | |||
| currency provision | (12.62) | 804.00 | |
| Interest on Tier I and Tier II bonds | 990.27 | 1003.95 | |
| Provision for contingencies and others | 1416.84 | (51.13) | |
| (Profit) / loss on sale of Investments | (2448.50) | (1045.91) | |
| Profit / loss on sale of Fixed Assets | 0.48 | 3.13 | |
| Provision for investment depreciation/ (appreciation) | 129.42 | 7.48 | |
| Sub total | 11068.97 | 13376.99 | |
| Adjustments for: | |||
| (Increase)/ Decrease in investments | (23022.81) | (18483.98) | |
| (Increase)/ Decrease in advances | (10676.47) | 272.80 | |
| Increase/ (Decrease) in borrowings | 26130.46 | (11613.01) | |
| Increase/ (Decrease) in deposits | 21649.11 | 43309.34 | |
| (Increase)/ Decrease in other assets | 10659.26 | (10626.20) | |
| Increase/ (Decrease) in other liabilities and provisions | (10171.41) | 828.68 | |
| Increase/ (Decrease) in Minority Interest | (166.27) | 19.35 | |
| 25470.84 | 17083.97 | ||
| Less: Income Tax paid | (1507.77) | (937.27) | |
| Cash Generated from Operating Activities | (A) | 23966.07 | 16146.70 |
| Cash Flow from Investing activities | |||
| Income from investment in subsidiaries and/or JVs | (186.90) | 367.30 | |
| Net Inflow/Outflow from sale/purchase of Fixed Assets | (323.67) | (493.31) | |
| Increase / (Decrease) in Other Reserve | 40.03 | (3.51) | |
| Cash generated from Investing activities | (B) | (470.54) | (129.52) |
| Cash Flow from Financing activities | |||
| Fresh issue of capital | 167.39 | ||
| Premium Received on Issue of share | 2322.58 | ||
| Payment of Interest on Tier 1 & Tier 2 Bonds | (990.27) | (1003.95) | |
| Amount paid to e-SB Shareholders (for Fraction Part) | (4.30) | ||
| Fresh issue/Redemption of bonds including sub-ordinated debts | (930.00) | (568.20) | |
| Cash generated from Financing activities | (C) | (569.70) | (1576.45) |
| Cash Flow On Account Of Exchange Fluctuation | |||
| Reserves of Foreign Currency Fluctuation | 18.38 | (21.37) | |
| Net Cash Flows On Account Of Exchange Fluctuation | (D) | 18.38 | (21.37) |
| Net Increase/ (Decrease) in cash and cash equivalents | 24080.61 | 14419.36 | |
| $(A+B+C+D)^{-A}$ | oarw. | ||
| Opening Cash and Cash equivalents | 120575.10 | ||
| Closing Cash and Cash Equivalents | 202946.9991 | 134994.46 | |
| SU ACCO | 73 | fered Acc o | |
| ed Acco |
(Head Office: Bengaluru - 2)
Notes:
-
- The Cash Flow Statement has been prepared under the Indirect Method and figures has been re-grouped wherever considered necessary.
-
- Cash and Cash equivalents includes Cash on hand, Balance with RBI & Other Banks and Money at Call and Short Notice:
| Components of Cash & Cash Equivalents | As at 30.09.2021 (Unaudited) |
As at 30.09.2020 (Unaudited) |
|---|---|---|
| Cash & Balance with RBI | 46945.76 | 36359.88 |
| Balances with Banks and Money at Call and Short Notice | 156001.24 | 98634.58 |
| Total | 202946.99 | 134994.46 |
Neer R MAHENDRAN DIVISIONAL MANAGER
K SIVARAMAKRISHNAN DIVISIONAL MANAGER
GANESH R ASST GENERAL MANAGER
$\sim$ will the for de
S K MAJUMDAR GENERAL MANAGER & CFO
V RAMACHANDRA
CHIEF GENERAL MANAGER
BRIJ MOHAN SHARMA EXECUTIVE DIRECTOR
K. SATYANARAYANA RAJU EXECUTIVE DIRECTOR
A. MANIMEKHALAI EXECUTIVE DIRECTOR
DEBASHISH MUKHERJEE EXECUTIVE DIRECTOR
L.V. PRABHAKAR MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER
| SUCHINDRA MISRA | R KESAVAN | VENKATACHALAM RAMAKRISHNA IYER | BIMAL P SHARMA | ||
|---|---|---|---|---|---|
| DIRECTOR | DIRECTOR | DIRECTOR | DIRECTOR | ||
| For N. K. BHARGAVA & CO CHARTERED ACCOUNTANTS FRN: 000429N |
For RAO & EMMAR CHARTERED ACCOUNTANTS FRN: 003084S |
For P A & ASSOCIATES CHARTERED ACCOUNTANTS FRN: 343085E |
|||
| (K. C. BHARTI) PARTNER MEMBERSHIP NO:543102 |
(ADARSH N A) PARTNER MEMBERSHIP NO:240166 |
(BRAJANANDA DASH) PARTNER MEMBERSHIP NO:062142 |
|||
| For ARUN K AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS FRN: 003917N ARUN KUMAR AGARWAL) PARTNER MEMBERSHIP NO:082899 |
For SARATH & ASSOCIATES CHARTERED ACCOUNTANTS FRN: 005120S (P SARATH KUMAR) PARTNER MEMBERSHIP NO:0242 |
IOMAN | |||
| DELHI F.R. No. 000429NJ PLACE: BENGALURU DATE: 26.10.2021 |
BANGALORE | FRN-313085E | Chartered Accountants |
$A$ & ASSO က္ပြ FRN 005120S တဲ HYDERABAD 冰 Ored Account |
N. K. BHARGAVA & CO CHARTERED ACCOUNTANTS
RAO & EMMAR CHARTERED ACCOUNTANTS
PA& ASSOCIATES CHARTERED ACCOUNTANTS
ARUN K AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS
SARATH & ASSOCIATES CHARTERED ACCOUNTANTS
Independent Auditors' Limited Review Report on Unaudited Standalone Financial Results for the Quarter and Half Year ended 30th September, 2021 of Canara Bank pursuant to the Regulation 33 & Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To The Board of Directors, Canara Bank, Bengaluru
- $1.$ We have reviewed the accompanying statement of unaudited standalone financial results of Canara Bank ("the Bank") for the quarter and half year ended 30th September, 2021 ("the Statement"), being submitted by the Bank pursuant to the requirements of Regulation 33 & Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ("the Regulations"). The Statement is the responsibility of the Bank's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial results based on our review. The disclosures relating to Pillar 3 disclosure as at 30th September, 2021. including leverage ratio and liquidity coverage ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement, have not been reviewed by us.
- $\overline{2}$ . This Statement has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 "Interim Financial Reporting" ("AS 25"), issued by the Institute of Chartered Accountants of India, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from time to time ("RBI Guidelines") and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
- We conducted our review of the Statement in accordance with the Standard on Review $\overline{3}$ . Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of bank personnel and applying analytical and other review procedures to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
- These unaudited standalone financial results incorporate relevant returns of 20 branches, Card $\overline{4}$ Division and Integrated Treasury Wing reviewed by us and 2 foreign branches reviewed by other local auditors specially appointed for this purpose. In the conduct of our Review, we have taken note of the review reports in respect of non-performing assets received from inspection teams of the bank for 315 branches. The above review covers 53.98 % of the total advance's portfolio of the bank and 73.86 % of the non-performing assets of the Bank. Apart from these review reports. in the conduct of our review, we have also taken note of various returns received from other 9465 domestic branches and 2 foreign branches of the Bank.
N. K. BHARGAVA & CO CHARTERED ACCOUNTANTS
RAO & EMMAR CHARTERED ACCOUNTANTS
PA& ASSOCIATES CHARTERED ACCOUNTANTS
ARUN K AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS
SARATH & ASSOCIATES CHARTERED ACCOUNTANTS
-
- Based on our review conducted as above, subject to limitation in scope as mentioned in Para $3 & 8$ 4 above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 & Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended including the manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant guidelines/directions/prudential norms issued by the Reserve Bank of India in respect of income recognition, asset classification, provisioning and other related matters.
-
- Emphasis of Matter:
We draw attention to Note No. 17 to the Statement, which describes the uncertainties due to outbreak of COVID-19 pandemic and the management's evaluation of its impact on the business operations of the Bank. In view of the uncertainties in the economic environment due to the outbreak of COVID-19 pandemic, the impact on the financial position and performance of the Bank is dependent on the future developments as they evolve.
Our conclusion on the statement is not modified in respect of these matters.
For N. K. BHARGAVA & CO CHARTERED ACCOUNTANTS FRN: 000429N
(K.C. BHARTI) PARTNER MEMBERSHIP NO:543102 UDIN: 21543102AAAAAR3613
For RAO & EMMAR CHARTERED ACCOUNTANTS FRN: 003084S
(ADARSH N A) PARTNER MEMBERSHIP NO:240166 UDIN:21240166AAAANM3412
For P A & ASSOCIATES CHARTERED ACCOUNTANTS FRN: 313085E
(BRAJANANDA DASH) PARTNER MEMBERSHIP NO:062142 UDIN:21062142AAAAEA6893
For ARUN K AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS FRN: 003917N (ARUNK JMAR AGARWAL) PARTNER MEMBERSHIP NO:082899 ARGAL UDIN:21082899AAAAEY4802 / 1-11 R Place: cCBengaluru Date: 26th October, 202
For SARATH & ASSOCIATES CHARTERED ACCOUNTANTS FRN: 005120S
(P SARATH KUMAR) PARTNER MEMBERSHIP NO:021755 UDIN:21021755AAAAAR2470
RAO & EMMAR CHARTERED ACCOUNTANTS
PA& ASSOCIATES CHARTERED ACCOUNTANTS
ARUN K AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS
SARATH & ASSOCIATES CHARTERED ACCOUNTANTS
Independent Auditors' Review Report on Unaudited Consolidated Financial Results for the Quarter and Half Year ended 30th September, 2021 of Canara Bank pursuant to the Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
T0 The Board of Directors, Canara Bank, Bengaluru
- We have reviewed the accompanying statement of unaudited consolidated financial results of $\mathbf{1}$ . Canara Bank ("the Parent"/"the Bank"), its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), its jointly controlled entity and its share of the net profit after tax of its associates for the quarter and half year ended 30th September, 2021 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 & Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ("the Regulations"). The disclosures relating to Pillar 3 disclosure as at 30th September, 2021, including leverage ratio and liquidity coverage ratio under Basel III Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement, have not been reviewed by us.
- This Statement, which is the responsibility of the Parent's Management and approved by the 2. Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25 "Interim Financial Reporting" ("AS 25"), issued by Institute of Chartered Accountants of India, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from time to time ("RBI Guidelines") and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
- $3.$ We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of bank personnel and applying analytical and other review procedures to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. $8.$ ASS
N. K. BHARGAVA & CO CHARTERED ACCOUNTANTS
RAO & EMMAR CHARTERED ACCOUNTANTS
PA& ASSOCIATES CHARTERED ACCOUNTANTS
ARUN K AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS
SARATH & ASSOCIATES CHARTERED ACCOUNTANTS
The Statement includes the results of the following entities: $\overline{4}$
| Name of the Entity | Relationship |
|---|---|
| Canara Bank | Parent |
| Canbank Financial Services Limited | Subsidiary |
| Canbank Factors Limited | Subsidiary |
| Canara Robeco Asset Management Company Limited | Subsidiary |
| Canbank Computer Services Limited | Subsidiary |
| Canara Bank Securities Limited (formerly GILT Securities Trading Corpn. Ltd. |
Subsidiary |
| Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited |
Subsidiary |
| Canbank Venture Capital Fund Limited | Subsidiary |
| Canara Bank (Tanzania) Limited | Subsidiary |
| Synd Bank Services Limited | Subsidiary |
| Commercial Indo Bank LLC. Moscow | Joint Venture |
| Canfin Homes Limited | Associate |
| Karnataka Gramin Bank | Associate |
| Kerala Gramin Bank | Associate |
| Andhra Pragathi Grameena Bank | Associate |
| Karnataka Vikas Grameena Bank | Associate |
- Based on our review conducted and procedures performed as stated in paragraph 3 above and based 5. on the consideration of the review reports of inspection teams and reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in the aforesaid Accounting Standard, RBI Guidelines and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed or that it contains any material misstatement or that it has not been prepared in accordance with the relevant guidelines/directions/prudential norms issued by the Reserve Bank of India in respect of income recognition, asset classification, provisioning and other related matters.
-
- We did not review the interim financial results of 317 (Including 2 Overseas) Branches included in the unaudited standalone financial results of the Parent included in the Group, whose results reflect Total Advances of Rs. 1,40,773.46 Crores as at 30th September, 2021 and Total Revenues of Rs. 1,857.97 Crores and Rs. 4,534.10 Crores for the quarter and half year ended 30th September, 2021 respectively. The interim financial results of these branches have been reviewed by local auditors/inspection teams of the Bank whose reports have been furnished to us, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these branches, is based solely on the report of such local auditors/inspection teams and the procedures performed by us as stated in paragraph 3 above.
We did not review the interim financial results of 9 subsidiaries included in the unaudited consolidated financial results, whose interim financial results reflect Total Assets of Rs. 26,4 Crores as at 30th September, 2021, Total Revenues of Rs. 2,727.30 Crores and Rs. 4,947 for the quarter and half year ended 30th September, 2021 respectively and Total Net
Char ed
N. K. BHARGAVA & CO. CHARTERED ACCOUNTANTS
RAO & EMMAR CHARTERED ACCOUNTANTS
PA& ASSOCIATES CHARTERED ACCOUNTANTS
CON 0
ARUN K AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS
SARATH & ASSOCIATES CHARTERED ACCOUNTANTS
Tax of Rs. 232.76 Crores and Rs. 315.56 Crores for the quarter and half year ended 30th September, 2021 respectively, as considered in the unaudited consolidated financial results.
The unaudited consolidated financial results also include the Group's share of Net Profit after Tax of Rs. 37.09 Crores and Rs. 69.75 Crores for the quarter and half year ended 30th September, 2021 respectively, in respect of 1 associate, whose interim financial result has not been reviewed by us.
The above interim financial results have been reviewed by other auditors whose reports have been furnished to us by the Management of Parent and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associates, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.
Our Conclusion on the statement is not modified in respect of the above matter.
The unaudited consolidated financial results include the interim financial results of 9467 (including 7. 2 overseas) branches which have not been reviewed are included in the unaudited standalone financial results of the Parent included in the Group, whose results reflect Total Advances of Rs. 3,46,261.93 Crores as at 30th September, 2021 and Total Revenues of Rs. 8,734.16 Crores and Rs. 16,778.75 Crores for the quarter and half year ended 30th September, 2021 respectively, as considered in the respective unaudited standalone financial results of the Parent included in the Group.
The consolidated unaudited financial results also include the interim financial results of 1 jointly controlled entity which has not been reviewed by their auditors, whose interim financial results reflect total assets of Rs. 578.24 Crores as at 30th September, 2021 and Total Revenue of Rs. 5.38 Crores and Rs. 12.20 Crores for the quarter and half year ended 30th September, 2021 respectively and total profit after tax of Rs. 1.83 Crores and Rs. 2.15 Crores for the quarter and half-year ended 30th September 2021 respectively, as considered in the consolidated unaudited financial results.
The unaudited consolidated financial results also include the Group's share of Net Profit after Tax of Rs. 56.75 Crores and Rs. 119.99 Crores for the quarter and half year ended 30th September, 2021 respectively, as considered in the unaudited consolidated financial results, in respect of 4 associates, based on their interim financial results which have not been reviewed by their auditors.
According to the information and explanations given to us by the Management, the above interim financial results are not material to the Group.
Our Conclusion on the statement is not modified in respect of the above matter.
- Emphasis of Matters:
We draw attention to Note No. 17 to the Statement, which describes the uncertainties due to outbreak of COVID-19 pandemic and the management's evaluation of its impact on the business operations of the Bank. In view of the uncertainties in the economic environment due to the ARG4 outbreak of COVID-19 pandemic, the impact on the financial position and performance of the & ASSr Bank is dependent on the future developments as they evolve. $2fWp$
N. K. BHARGAVA & CO CHARTERED ACCOUNTANTS
RAO & EMMAR CHARTERED ACCOUNTANTS
PA& ASSOCIATES CHARTERED ACCOUNTANTS
ARUN K AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS
SARATH & ASSOCIATES CHARTERED ACCOUNTANTS
Our conclusion on the statement is not modified in respect of these matters.
The auditors of Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd., a 9. subsidiary, have reported that the actuarial valuation of liabilities for life policies in force is the responsibility of the Company's Appointed Actuary (the Appointed Actuary). The actuarial valuation of these liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as at 30th September, 2021 has been duly certified by the Appointed Actuary. The Appointed Actuary has also certified that the method and assumptions used for such valuations are in accordance with the guidelines and norms issued by the Insurance Regulatory and Development Authority of India (IRDAI) and the Institute of Actuaries of India in concurrence with the Authority. Further, the concerned Component Auditor has reported that they had relied upon the Appointed Actuary's certificate in this regard for forming their opinion on the valuation of liabilities for life policies in force and for policies in respect of which premium has been discontinued but liability exists as contained in the interim financial information of the company.
Our Conclusion on the statement is not modified in respect of the above matter.
For N. K. BHARGAVA & CO CHARTERED ACCOUNTANTS FRN: 000429N
ARGAL
ABLED $00042$
Place: Bengaluru
Date: 26th October, 2021
(K. C. BHARTI) PARTNER MEMBERSHIP NO:543102 UDIN: 21543102AAAAAAS4648
For RAO & EMMAR CHARTERED ACCOUNTANTS FRN: 003084S
(ADARSH N A) PARTNER MEMBERSHIP NO:240166 UDIN:21240166AAAANN5651
For P A & ASSOCIATES CHARTERED ACCOUNTANTS FRN: 313085E
(BRAJANANDA DASH) PARTNER MEMBERSHIP NO:062142 UDIN:21602142AAAAEB2006
For ARUN K AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS FRN: 003917N
PARTNER
MEMBERSHIP NO:082899
UDIN:21082899AAAAEZ2711
KUMÁR AGARWAL)
For SARATH & ASSOCIATES CHARTERED ACCOUNTANTS FRN: 005120S
MM
(P SARATH KUMAR) PARTNER MEMBERSHIP NO:021755 UDIN:21021755AAAAAAS5675
केजरा बैंक Canara Bank
। हैं सिंडिकेट Syndicate
STATEMENT OF DEVIATION/VARIATION IN UTILIZATION OF FUNDS RAISED
[As per Regulation 32(1) of SEBI (LODR) Regulations, 2015]
| Name of listed entity | CANARA BANK | ||||||
|---|---|---|---|---|---|---|---|
| Mode of Fund Raising | Qualified Institutional Placement (QIP) | ||||||
| Date of Raising Funds | Allotment Date - 24.08.2021 | ||||||
| Amount Raised | Rs.2500 Crore | ||||||
| Report filed for Quarter ended |
30 th September 2021 | ||||||
| Monitoring Agency | Not Applicable | ||||||
| Monitoring Agency Name, if applicable |
Not Applicable | ||||||
| Is there a Deviation / Variation in use of funds raised |
No | ||||||
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders |
Not Applicable | ||||||
| If Yes, Date of shareholder Approval |
Not Applicable | ||||||
| Explanation for the Deviation / Variation |
Not Applicable | ||||||
| Comments of the Audit Committee after review |
Nil | ||||||
| Comments of the auditors, if any |
Nil | ||||||
| Objects for which funds have been raised and where there has been a deviation, in the following table |
(i) | enhance the business of our Bank; and/ or, | Augmenting the Bank's Tier I Capital to support growth plans and to (ii) Any other purpose as may be permissible under the applicable laws |
||||
| Original Object | Modified Object, if any |
Original Allocation |
Modified allocation, if any |
Funds Utilised |
Amount of Deviation/Variation for the quarter according to applicable object |
Remarks if any |
|
| Same as above | NA | NA | NA | NA | NA | NA |
Santana of ke das Bengaluru Place: Name of Signatory S K MAJUMDAR Date: 26/10/2021 GENERAL MANAGER & CFO Designation $\mathcal{C}$
प्रधान कार्यालय 112, जे सी रोड बेंगलूर - 560002 / Head Office, 112 J C Road, Bengaluru - 560002
केजरा बैंक Canara Bank
।
इ.सिडिकेट Syndicate
STATEMENT OF DEVIATION/VARIATION IN THE USE OF THE PROCEEDS OF ISSUE OF LISTED NON CONVERTIBLE DEBT SECURITIES
[As per Regulation 52(7) of SEBI (LODR) Regulations, 2015 and SEBI Circular SEBI/HO/DDHS/08/2020 dated 17-Jan-2020]
| Name of listed entity | CANARA BANK | |||||
|---|---|---|---|---|---|---|
| Mode of Fund Raising | Private Placement | |||||
| Type of instrument | Non-Convertible Debentures |
|||||
| Date of Raising Funds | As per Annexure* | |||||
| Amount Raised | As per Annexure* | |||||
| Report filed for half year ended | 30.09.2021 | |||||
| Is there a Deviation / Variation in use of funds raised? | No | |||||
| prospectus/ offer document? | Whether any approval is required to vary the objects of the issue stated in the | Not Applicable | ||||
| If yes, details of the approval so required? | Not Applicable | |||||
| Date of approval | Not Applicable | |||||
| Explanation for the Deviation / Variation | Not Applicable | |||||
| Comments of the audit committee after review | Not Applicable | |||||
| Comments of the auditors, if any | Not Applicable | |||||
| following table | Objects for which funds have been raised and where there has been a deviation, in the | |||||
| Original Object |
Modified Object, if any |
Original Allocation |
Modified allocation, if any |
Funds Utilized |
Amount of Deviation/Variation for the half year according to applicable object (INR Crores and in %) |
Remarks, if any |
| Not Applicable | ||||||
| Deviation could mean: | (a) Deviation in the objects or purposes for which the funds have been raised le tre |
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed. | ||||
| Designation | Name of Signatory S K MAJUMDAR | GENERAL MANAGER & CFO | Place: P. M. Wit Date: |
Bengaluru 26/10/2021 |
प्रधान कार्यालय 112, जे सी रोड बेंगलूर - 560002 / Head Office, 112 J C Road, Bengaluru - 560002
$\mathcal{Q}$
*List of the instruments raised by the Bank and outstanding as on 30.09.2021.
| SI. No |
Instrument Description | Issuance Date | Amount Issued in Rs Crore |
ISIN |
|---|---|---|---|---|
| $\mathbf{1}$ | Lower TIER II | 31-Dec-12 | 1,000.00 | INE667A09177 |
| 2 | BASEL III TIER II SER I | $03$ -Jan-14 | 1,500.00 | INE476A09249 |
| 3 | BASEL III TIER II SER II | 27-Mar-14 | 1,000.00 | INE476A09256 |
| 4 | Tier II | 02-Dec-14 | 750.00 | INE667A08013 |
| 5 | BASEL III COMPLIANT ADDITIONAL TIER I- | 05-Mar-15 | 1,500.00 | INE476A08035 |
| 6 | Tier II | 23-Mar-15 | 400.00 | INE667A08021 |
| $\overline{7}$ | Tier II | 28-Sep-15 | 1,000.00 | INE667A08039 |
| 8 | Tier II | 18-Dec-15 | 750.00 | INE667A08047 |
| 9 | BASEL III COMPLIANT TIER II SERIES I - 2015-16 | 31-Dec-15 | 1,500.00 | INE476A09264 |
| 10 | BASEL III COMPLIANT TIER II SERIES II - 2015-16 | $07$ -Jan-16 | 900.00 | INE476A08043 |
| 11 | BASEL III COMPLIANT TIER II 2016-17 | 27-Apr-16 | 3,000.00 | INE476A08050 |
| 12 | AT I SR.IV | 24-Oct-16 | 1,000.00 | INE667A08088 |
| 13 | BASEL III COMPLIANT ADDITIONAL TIER I | 13-Dec-16 | 1,000.00 | INE476A08068 |
| 14 | Tier II | 03-May-17 | 500.00 | INE667A08096 |
| 15 | AT I SR.V | 25-Jul-17 | 450.00 | INE667A08104 |
| 16 | Basel III Tier II Series I 2019-20 | 11-Mar-20 | 3,000.00 | INE476A08076 |
| 17 | Basel III AT1 Bonds S-1 2020-21 | 11-Sep-20 | 1,012.00 | INE476A08084 |
| 18 | Basel III AT1 Bonds S-2 2020-21 | 29-Sep-20 | 169.10 | INE476A08092 |
| 19 | Basel III AT1 Bonds S-3 2020-21 | 31-Dec-20 | 1,635.00 | INE476A08100 |
| 20 | Basel III AT1 Bonds S-4 2020-21 | 02-Feb-21 | 120.00 | INE476A08118 |
| Grand Total | 22,186.10 |
$\leq$ Came Un teaguer de Name of Signatory S K MAJUMDAR Bengaluru Place: GENERAL MANAGER & CFO Date: 26/10/2021 Designation $\circ$
प्रधान कार्यालय 112, जे सी रोड बेंगलूर - 560002 / Head Office, 112 J C Road, Bengaluru - 560002
Consolidated disclosure of related party transactions and balances for the Half Year Ended September 30, 2021
Names of related parties and their relationship with the Bank- Parent - Canara Bank
1.1 Key Management Personnel -
- i) Shri L V Prabhakar, Managing Director & Chief Executive Officer
- ii) Shri Debashish Mukherjee, Executive Director
- iii) Ms. A Manimekhalai, Executive Director
- iv) Shri K Satyanarayana Raju, Executive Director
- v) Shri Brij Mohan Sharma, Executive Director (From: 19.05.2021)
1.2 Parent -
i) Canara Bank
1.3 Subsidiaries -
- i) Canbank Financial Services Ltd.
- ii) Canbank Venture Capital Fund Ltd.
- iii) Canbank Factors Ltd.
- iv) Canara Robecco Asset Management Company Ltd.
- v) Canbank Computer Services Ltd.
- vi) Canara Bank Securities Ltd. (formerly GILT Securities Trading Corpn. Ltd)
- vii) Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd
- viii) Canara Bank (Tanzania) Ltd.
- ix) Synd Bank Services Limited
1.4 Joint Ventures
i) Commercial lndo Bank LLC., Moscow (formerly Commercial Bank of India LLC., Moscow )
1.5 Associates -
- i) Canfin Homes Ltd.
- ii) Regional Rural Banks sponsored by the Bank
Page 11
a) Karnataka Gramin Bank ( Erstwhile Pragati Krishna Gramin Bank)
- b) Kerala Gramin Bank (Erstwhile South Malabar Gramin Bank)
- c) Andhra Pragathi Grameena Bank
- d) Karnataka Vikas Grameena Bank
- 1.6 Remuneration to Key Management Personnel during half year ended September 30, 2021 are as under:
| Name | Designation | Amount in Rs. |
|---|---|---|
| Shri L V Prabhakar | Managing Director & Chief Executive Officer |
18,29,797.00 |
| Shri Debashish Mukheriee | Executive Director | 16,59,672.50 |
| Ms. A Manimekhalai |
Executive Director | 16, 11 ,904.50 |
| Shri K Satvanaravana Raiu | Executive Director | 14,42,941.13 |
| Shri Brii Mohan Sharma | Executive Director | 11,03,731.17 |
| Shri Matam Venkata Rao | Ex - Executive Director |
1,03,422.87 |
| Shri Krishnan S | Ex - Executive Director |
48,305.29 |
| Total | 77 ,99, 77 4.46 |
In terms of paragraph 5 of AS 18, transactions in the nature of Banker-Customer relationship including those with Key Management Personnel and relatives of Key Management Personnel have not been disclosed.
1.7 Transactions with Subsidiaries, Associates and Joint Venture are as under:
| Particulars | Subsidiaries | Associates & Joint Ventures |
Key Management Personnel (KMP) |
Relatives of KMP |
Total |
|---|---|---|---|---|---|
| Borrowings - Outstanding as at the year end |
0.00 | 0.00 | --- | --- | 0.00 |
| Maximum outstanding during the year |
0.00 | 0.00 | 0.00 |
BSCA SECTION::fM WING::HO::BANGALORE
| Deposits | |||||
|---|---|---|---|---|---|
| Outstanding as at the | 85.07 | ||||
| year end | 48.94 | 134.01 | |||
| --- | --- | ||||
| Maximum outstanding | 86.05 | 48.94 | |||
| during the year | 134.99 | ||||
| Placement of Deposits | |||||
| - | |||||
| Outstanding as at the |
50.22 | 0.00 | 50.22 | ||
| year end | --- | --- | |||
| Maximum outstanding |
50.22 | 0.00 | 50.22 | ||
| during the year | |||||
| Advances | |||||
| Outstanding as at the | 372.75 | 2278.73 | 2651.48 | ||
| year end | --- | --- | |||
| Maximum outstanding | 372.75 | 2515.30 | |||
| during the year | 2888.05 | ||||
| Purchase/ Sale of | |||||
| Fixed Assets (Net) - | |||||
| Outstanding as at the | 0.00 | 0.00 | 0.00 | ||
| year end | --- | --- | |||
| Maximum outstanding | 0.00 | ||||
| during the year | 0.00 | 0.00 | |||
| Balance in current | |||||
| account (Net) | |||||
| Outstanding as at the | 86.15 | 0.06 | 86.21 | ||
| year end | ---- | --- | |||
| Maximum outstanding | 86.15 | ||||
| during the year | 14.53 | 100.68 | |||
| Other receivable | |||||
| Outstanding as at the | 13.84 | 0.00 | 13.84 | ||
| year end | --- | --- | |||
| Maximum outstanding | 13.84 | 0.00 | 13.84 | ||
| during the year |
Page I 3
BSCA SECTION::FM WING::HO::BANGALORE
| Other payable Outstanding as at the year end |
0.12 | 18.85 | $\frac{1}{2}$ | 18.97 |
|---|---|---|---|---|
| Maximum outstanding during the year |
0.12 | 18.85 | 18.97 | |
| Interest paid | 2.24 | 0.50 | 2.74 | |
| Interest received | 10.39 | 50.76 | $---$ | 61.15 |
| Rendering of Services | 85.86 | 1.77 | --- | 87.63 |
| Receiving for Services | 13.63 | 1.67 | --- | 15.30 |
