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 Capital - Analyst
: Yeah, good evening, sir.
Question: Mahrukh Adajania - Elara Capital - Analyst
: Yeah, hi. So just a couple of questions. Firstly, just in terms of deposit growth, how do you plan to boost your CASA? Because it's already down to
30, right? I know there's a lot of competition. Traditionally also, your CASA was very competitive, given that your geographical press kind of match
that low CASA. But now at these levels, how do you boost CASA? And what is the tolerable level of LDR?
As in as of now, the domestic LDR is already 78. So can you take it up to 80, 81? What is your comfort level of LDR? That's my first question and I
have two others.
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JANUARY 27, 2025 / 10:30AM, CNBK.NS - Q3 2025 Canara Bank Ltd Earnings Call
Question: Mahrukh Adajania - Elara Capital - Analyst
: Got it sir. Got it. Okay, sir. So and my other question is, is there any one-off in interest income because other interest seems to have gone down this
quarter? And likewise, in your fee-based income where you have three components, commission, service charge, and miscellaneous, you have
three. So the miscellaneous is a very big amount. It's bigger than the commission exchange and brokerage.
And this quarter, it has fallen QoQ. So can you break it down into components or explain why the miscellaneous fell so much? And likewise, if
there's any one-off in interest on interest income? And also in the provisions, there is an investment provision, NPA investment provision, right?
Of [INR4 billion]. What is that for? Nonperforming investment, yeah.
Question: Sushil Choksey - Indus Equity Advisors - Analyst
: Sir, congratulation to Team Canara for very stable and positive result. Sir, you just highlighted that you are open to monetizing Can Fin Homes.
Now, if you are looking for a strategic premium because you are saying that you are looking for INR1,000 crores price with the current market
condition which is in a little correction or a consolidation mode, whether it's a housing finance sector or overall financial market. Are you open for
any strategic buyback?
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JANUARY 27, 2025 / 10:30AM, CNBK.NS - Q3 2025 Canara Bank Ltd Earnings Call
Question: Sushil Choksey - Indus Equity Advisors - Analyst
: But if somebody he's working with a positive approach that you've done the cleansing, the value is already there. INR1,000 crores or INR1,200 crores
or INR1,100 crores, whatever may be the fair value. And because they are offering 30% which enables them to make an open offer too. So you can
increase the stake on the market and the market will tender the shares in such scenario. Will we participate? Or we wait for one or two years only?
Question: Sushil Choksey - Indus Equity Advisors - Analyst
: Thank you for answering that question. So next is the noninterest income. There has been a very good performance where Treasury was concerned
and return of accounts are concerned. How do you see that panning out in the current quarter?
Question: Sushil Choksey - Indus Equity Advisors - Analyst
: So what is the number outstanding only written of accounts?
Question: Sushil Choksey - Indus Equity Advisors - Analyst
: Okay sir. If the yield on GSEC is in the region of 6.5% to 6.7%, the profit can match up the previous quarters or?
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JANUARY 27, 2025 / 10:30AM, CNBK.NS - Q3 2025 Canara Bank Ltd Earnings Call
Question: Sushil Choksey - Indus Equity Advisors - Analyst
: And do you anticipate to monetize your subsidiaries which you already looking towards Canara in this quarter or you think it will go into the next
quarter?
Question: Sushil Choksey - Indus Equity Advisors - Analyst
: Thank you, sir. Thank you for answering all my questions and best wishes to Canara Bank team for years to come.
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