CANARA BANK . Creating Value For Investors. Brought to you by Bsplindia.com . Third largest Public Sector Bank in India with an asset base of Rs.90644 Crore and market capitalization Rs.5453 Crore. Over 2440 branches and 265 lakh accounts with one of the widest retail networks.
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Brought to you by Bsplindia.com
Over 2440 branches and 265 lakh accounts with one of the widest retail networks.
Growth in credit with CAGR of 30% for past 3 years with relatively low Net NPA at 3.28% due to aggressive recovery efforts.
Cash recoveries Targeting Rs.650 crore during the current fiscal.
Sustained Treasury Income and adequate cushion for Interest Rate reversals.Summary
Focus on Technology Upgradation/ Hi-tech Banking
Subsidiaries are a source of Income and no more a cause of concern with all the past burdens taken care of.
NIM sustained at around 3.37% coupled with improved operational efficiency (March 2003 at 3.53%).
RoA of 1.28%, Favorably placed among peer banks.Summary
Date Price Market Capitalisation
Dec 2002 Rs. 35.00 Rs.1435 Crore
Oct 2003 Rs.133.00 Rs.5453 Crore
Wealth Created in 10 Months Rs.4018 Crore
Annualized Growth 236%
Adoption of Appropriate International Standards and Benchmarks
Human Resource Development as a Catalyst of Transformation.
Focus on Technology upgradationBanking Sector –Strengthening Fundamentals
Thrust on low cost deposits and 10% growth in client base.
Retail Lending expansion at the rate of 35% of incremental advances
Hi-Tech Banking – 500 ATMs, 2000 computerized branches, 500 branches under Anywhere Banking, RTGS & SFMS
Target of launching Mobile & Internet Banking and Debit Cards already achieved.Plans for 2004
Thrust on Technology
Bank with a distinguished history of over 97 years of Continuous Profitability
As of 30/09/2003
Net NPA 3.28%
EPS Rs.28.34 *
-Cost of Deposits/ Borrowings
THE NII HAS GROWN BY 23%
IN FY 03 OVER FY 02
THE NII HAS GROWN BY 10%
IN HY SEP 03 OVER HY SEP 02
THE CORE NON INTEREST INCOME HAS GROWN BY 19 %.
THE NON INTEREST INCOME
OF RS.1209 CRORE AS AT SEPT 2003 INCLUDES RS.389 CRORE OF PROFIT ON ACCOUNT OF
GOVT. BUY BACK OF GILTS
* Not Annualised
As at 30.09.2003
(Amount: Rs. Crore)
Gilt Securities Trading Company, a Primary Dealer in Government Securities Market recorded a Turnover Exceeding Rs.45000 Crore in FY 03.
Canfin Homes Ltd, sponsored by the Bank has created a niche in Retail Home Financing by assisting more than 90000 families with Cumulative Sanctions of Rs. 2767.88 Crore and Cumulative Disbursements of Rs.2374.43 Crore.
Canbank Factors Ltd is Numero Uno in the Indian Factoring Business with ISO Certification.
CIMS is managing more than Rs.1600 Crore net assets.
CCSL, the ISO Certified Software outfit is the only Public Sector IT Company.
Aadequate provisions are being made to take care of all future obligations of Canfina and all the commitments towards the PSUs with which settlement is reached is being met promptly.Focus on Subsidiaries & Sponsored Institutions
Technology-Enabled Delivery Channels and Services