Canara Bank Ltd Q3 2022 Earnings Call Transcript - Thomson StreetEvents

Canara Bank Ltd Q3 2022 Earnings Call Transcript

Canara Bank Ltd Q3 2022 Earnings Call Transcript - Thomson StreetEvents
Canara Bank Ltd Q3 2022 Earnings Call Transcript
Published Jan 27, 2022
24 pages (11012 words) — Published Jan 27, 2022
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Abstract:

Edited Transcript of CNBK.NS earnings conference call or presentation 27-Jan-22 11:15am GMT

  
Brief Excerpt:

... Company Representative Yes, we'll start the. Unidentified Company Representative Okay. So on behalf of Antique Stock Broking, we welcome you all to the third earnings -- third quarter earnings call of Canara Bank. From the management side, we have Sri LG Prabhakar, MD and CEO; Sri Debashish Mukherjee, ED; Ms. A. Manimekhalai, ED; Sri K. Satyanarayana Raju, ED; Sri Brij Mohan Sharma, ED and other team members. Without much ado, I would hand over the call to Mr. Prabhakar for the opening remarks, post which we will open the floor for Q&A. Over to you, sir. Lingam Venkata Prabhakar ...

  
Report Type:

Transcript

Source:
Company:
Canara Bank Ltd
Ticker
CNBK.NS
Time
11:15am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Mahrukh Adajania - Elara Securities (India) Private Limited, Research Division - Analyst : Sir. So a couple of questions. Firstly, there's a lot of lending that has happened to NBFCs during the quarter. So what kind of NBFCs are these because that's the key growth driver, correct? So what kind of NBFCs are these?


Question: Mahrukh Adajania - Elara Securities (India) Private Limited, Research Division - Analyst : So sir, my other question follow-up is that -- what kind of, like, is it a Power Finance NBFC, is it other private NBFCs? That's what I meant. Whether it's PSU or it's private?


Question: Mahrukh Adajania - Elara Securities (India) Private Limited, Research Division - Analyst : Got it, sir. Sir, my other question is on asset quality. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 27, 2022 / 11:15AM, CNBK.NS - Q3 2022 Canara Bank Ltd Earnings Call Sir, the first question is that, was there any reversal of provisions related to Air India this quarter? And will there be some more in the next quarter? And then on future retail, I mean, it would be part of the restructured book, and it's probably not performing as the restructuring terms, correct?


Question: Mahrukh Adajania - Elara Securities (India) Private Limited, Research Division - Analyst : Got it, Sir. Sir, and in terms of future?


Question: Aditya Singhania - Enam Holdings Pvt. Ltd - Analyst : Congratulations, sir, for excellent results.


Question: Aditya Singhania - Enam Holdings Pvt. Ltd - Analyst : So I have 2 questions, both are somewhat accounting questions. So one is, so you have made INR 2,700 crores as provisions for loans, loan loss provision. And the write-offs are around INR 1,300 crores. And the provision -- outstanding provision coverage has not increased in absolute terms. So I was just curious where is the balance INR 1,300-odd crores?


Question: Aditya Singhania - Enam Holdings Pvt. Ltd - Analyst : Sorry. So you're saying that INR 2,705 includes the INR 1,300 crores for pension? V. Ramachandra No. It [disposed] that.


Question: Aditya Singhania - Enam Holdings Pvt. Ltd - Analyst : But you're saying INR 2,700 crores does not include the family provisions, right? V. Ramachandra Yes. Yes. Unidentified Company Representative No. It does not include [revenue path]. And of course, there is a write-off [fee] offset, to the extent we have written off a part of the loan that is being offset. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 27, 2022 / 11:15AM, CNBK.NS - Q3 2022 Canara Bank Ltd Earnings Call


Question: Aditya Singhania - Enam Holdings Pvt. Ltd - Analyst : Okay, okay. So the second question was on the accounting change that you did where you have mentioned in your notes to accounts that about INR 400-odd crores, INR 436 crores was the increase in interest income due to the change in accounting policy, and INR 342 crores was the increase in gross NPA. So in which [head] has this been accounted for in gross NPA? Unidentified Company Representative Sir, existing -- existing or head only, it has been adjusted.


Question: Aditya Singhania - Enam Holdings Pvt. Ltd - Analyst : I understand that. I'm just trying to understand where this INR 342 crores is gone in the NPA? Is it debits in existing NPA accounts, or is it fresh slippages? Unidentified Company Representative No, sir. These are all existing NPA accounts.


Question: Aditya Singhania - Enam Holdings Pvt. Ltd - Analyst : In the original treatment, your income would have been lower by INR 436 and your outstanding gross NPA would have been lower by INR 342. Unidentified Company Representative And provision also, corresponding provision also.

Table Of Contents

Canara Bank Ltd Q4 2023 Earnings Call Transcript – 2023-05-08 – US$ 54.00 – Edited Transcript of CNBK.NS earnings conference call or presentation 8-May-23 10:30am GMT

Canara Bank Ltd Q3 2023 Earnings Call Transcript – 2023-01-23 – US$ 54.00 – Edited Transcript of CNBK.NS earnings conference call or presentation 23-Jan-23 10:30am GMT

Canara Bank Ltd Q2 2023 Earnings Call Transcript – 2022-10-20 – US$ 54.00 – Edited Transcript of CNBK.NS earnings conference call or presentation 20-Oct-22 10:30am GMT

Canara Bank Ltd Q1 2023 Earnings Call Transcript – 2022-07-25 – US$ 54.00 – Edited Transcript of CNBK.NS earnings conference call or presentation 25-Jul-22 11:00am GMT

Canara Bank Ltd Q4 2022 Earnings Call Transcript – 2022-05-06 – US$ 54.00 – Edited Transcript of CNBK.NS earnings conference call or presentation 6-May-22 10:00am GMT

Canara Bank Ltd Q2 2022 Earnings Call Transcript – 2021-10-26 – US$ 54.00 – Edited Transcript of CNBK.NS earnings conference call or presentation 26-Oct-21 10:00am GMT

Canara Bank Ltd Q1 2022 Earnings Call Transcript – 2021-07-28 – US$ 54.00 – Edited Transcript of CNBK.NS earnings conference call or presentation 28-Jul-21 9:30am GMT

Canara Bank Ltd Q4 2021 Earnings Presentation Transcript – 2021-05-19 – US$ 54.00 – Edited Transcript of CNBK.NS earnings conference call or presentation 19-May-21 6:00am GMT

Canara Bank Ltd Q3 2021 Earnings Call Transcript – 2021-01-28 – US$ 54.00 – Edited Transcript of CNBK.NS earnings conference call or presentation 28-Jan-21 8:30am GMT

Canara Bank Ltd Q2 2021 Earnings Call Transcript – 2020-10-30 – US$ 54.00 – Edited Transcript of CNBK.NS earnings conference call or presentation 30-Oct-20 6:00am GMT

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Thomson StreetEvents. "Canara Bank Ltd Q3 2022 Earnings Call Transcript" Jan 27, 2022. Alacra Store. Mar 28, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2022-Canara-Bank-Ltd-Earnings-Call-T15099530>
  
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