Canara Bank

MCLR revision details

• MCLR revision effective 12 Aug 2026; Overnight stays at 7.95%.
• One Month MCLR increased to 8.05% from 8.00%.
• Three Month MCLR increased to 8.30% from 8.25%.
• Six Month MCLR increased to 8.65% from 8.60%.
• One Year MCLR increased to 8.80% from 8.75%.
• Two Year MCLR increased to 9.05% from 9.00%.
• Three Year MCLR increased to 9.10% from 9.05%.

Penalty details

• Awarding entity: Reserve Bank of India.
• Penalty amount Rs 1,49,450 imposed for CC remittance shortage, mutilated notes and counterfeit remittance.
• Date of order/receipt: 10 August 2026.
• Impact on Canara Bank limited to payment of penalty.
• Regulator is domestic: Reserve Bank of India.
• Violation types: CC remittance shortage, mutilated notes, counterfeit remittance.

GCCO appointment

• Appoints Shri Sujit Kumar Sahoo as Group Chief Compliance Officer for a 3-year term from 01/07/2026.
• Profile: 29+ years banking; MBA; Treasury/Investment/Risk Mgmt; previously CGM & Interim GCCO.

Financial Performance

• Q1 FY27 net profit ₹4,856 crore, up 2.19% YoY.
• Net interest income ₹10,215 crore, up 13.39% YoY.
• NIM guided at 2.50–2.60%.
• ROE 18.07%.
• Credit cost 0.49%.
• Slippage ratio 0.60%.

Asset Quality & Capital

• CRAR 17.17%; CET1 12.91%.
• Provisioning coverage ratio 94.76%.
• Gross NPA 1.57%; Net NPA 0.36%.
• Gold loan portfolio ₹2.59 lakh crore; Agriculture gold ₹1.51 lakh crore; LTV 60–65%.
• LCR 115% (internal 119%).

Operating Update

• RAM advances ₹7.64 lakh crore; Retail RAM ₹3.19 lakh crore.
• Housing RAM ₹1.29 lakh crore; Vehicle RAM ₹27,315 crore.
• MSME RAM ₹1.68 lakh crore.
• Gold loan book growth remains robust; total ₹2.59 lakh crore.
• CASA at 29.70%; deposits growth guided 9–10%.

Q&A Highlights

• SMA movement due to two government-guaranteed accounts; total SMA under 3%.
• ECLGS 5: ₹90,000 crore eligible; ₹11,000 crore sanctioned; ₹10,000 crore disbursed.
• PSLC income in Q1 ₹1,947 crore; no fixed full-year target.
• FCNRB deposits: guided USD 2.3–2.5 billion; July inflows ₹775 million; aim cross ₹1 billion.
• RAM mix up to 59%; 86% of book rated A+ or better; better-rated corporate traction.

Guidance & Outlook

• Advances growth guided 10–12%; deposits 9–10%.
• NIM maintained guidance 2.50–2.60%; potential to improve beyond.
• ECL provisioning: ~₹12,000–₹13,000 crore; 95% PCR; CET1 12.91%.
• Plan to absorb ECL within 2 years; maintain strong capital adequacy.

Meeting Details

• Date and time: 27 July 2026, 4:00 pm IST.
• Type and mode: Earnings conference call (group) with audio/video recording.
• Organiser: Canara Bank; event: Earnings conference call with Analysts/Investors.

Participants

• Key company participants not specified in filing.

Purpose

• Discuss standalone and consolidated Q1 FY2026-27 results for quarter ended 30/06/2026.

Additional Notes

• Audio/Video recording available on Canara Bank website.

Meeting Details

• Date and time: 27 July 2026, 4:00 PM IST.
• Type and mode: group earnings conference call, virtual.
• Event: Earnings conference call for Q1 FY2026-27 results.
• Key participants: Company Secretary represented the bank at the call.
• Purpose: Discuss unaudited Q1 FY2026-27 results (standalone & consolidated) for quarter ended 30.06.2026.
• Recording: Audio/Video recording uploaded on Canara Bank website.

Security cover details

• Purpose: Security Cover Certificate for quarter ended 30 June 2026 under SEBI LODR.
• Instrument: Listed unsecured non-convertible debt securities; security cover not applicable.
• Nil security cover reported; report follows NSE guidance for unsecured debt.
• Auditor: M/s K Venkatachalam Aiyer & Co.; certificate dated 27 July 2026.
• Covenants: bank has complied with covenants for listed unsecured NCDs as on 31.03.2026.
• Annexure I contains asset details and calculations for security cover ratio.
• Isin and outstanding amounts table provided; grand total disclosed in Annexure I.
• Compliance: No security assets required due to unsecured debt status.

Security Cover Certificate details

• Purpose: Security Cover Certificate under Regulation 54 LODR for quarter ended 30-06-2026.
• Nature of securities: listed unsecured Basel III NCDs; no collateral, security cover not applicable.
• Annexure I: Nil report submitted; required due to unsecured debt per SEBI circular 2024/46.
• Compliances: Bank has complied with covenants of listed unsecured NCDs as on 31.03.2026.
• Certificate details: Issued by M/s K Venkatachalam Aiyer & Co., Bengaluru, dated 27.07.2026.