Good evening to all. Let me first share the highlights of Canara Bank results.

Our global business stood at 28.0 lakh crore, and it grew by 12.11%. Our global deposits grew by 9.71% and stood at 15.68 lakh crores.

Our global advances grew by 15.30% and stood at 12.37 lakh crores. Net interest income for the quarter was 9,808 crores, it grew by 3.88% YoY.

Our operating profit for the full year is 33,019 crores, and it grew by 5.19%. Our net profit for entire year was 19,187 crores, and it grew by 12.69%.

Our provision coverage ratio improved by 151 basis point and stood at 94.21%. Our credit cost, it reduced by 33 basis point and stood at 0.59%.

Our GNPA for the entire year, there was a YoY decline of 110 basis point, it stood at 1.84%. Our net NPA, there was a decline of 27 basis point year-on-year and stood at 0.43%.

We are proposing a dividend of 210% of paid-up capital, and our share price is 2, the proposed dividend is ₹4.20 per share. Our advances growth was led by RAM credit.

RAM credit grew by 19.73% and stood at 7.30 lakh crore. Retail credit grew by 32.93% and stood at 2.96 lakh crore.

Housing loan grew by 17.55% and stood at 1.24 lakh crore. Vehicle loan grew by 26.33% and stood at 26,070 crores.

MSME credit grew by 12.85% and stood at 1.57 lakh crores. Our earnings per share improved by 12.68% and is at 21.15.

Our CRAR improved by 71 basis points and stood at 17.04%. Our slippage ratio 12 month is 0.69, which declined by 21 basis point.

These are the all key highlights of our performance. Joining me is Shri Bhavendra ji, Shri Majumdar sahab, Shri Chugh sahab, and all my vertical heads to take all your queries and answers.

Thank you.

Good evening, sir.

Good evening, Ajmera sahab. [laughs]

Ahluwalia sahab. As far as the business is concerned, the business growth is good.

Specially if you look at the credit growth, you've grown in this quarter also by 3.79% or 80% and overall for the whole year 15.30%. On the business front, there is no concern.

You are growing well, much above the targets which you had given. Sir, however, there is a pressure on the profitability in the bank.

Both the operating profit and net profit has gone down, which is generally not seen in the other peer four, five banks of your size that the operating profit has gone down by 2,361 crore as compared to the last quarter only, where I can understand in which there must be some gain of that HSBC Canara on the treasury front, but still the treasury income also has gone down even comparatively also if you net it out from 1,050 crore to 272 crores. The recovery from the written-off account also, which generally should be better in the March quarter, has also gone down to 1,646 crore against 2,051 crores in the last quarter.

Sir, on the profitability front and that has resulted in a much lower NIM than the expected and the target also, I think your quarterly NIM was 2.54 and the overall annual NIM is 2.51. On that, is there something special which has resulted in this lower profitability in the bank, and coming forward those issues may not be there?

How do we see the coming quarter and the coming year now in view of this results, sir?

Ajmera sir, if you see that our NIM improved 9 basis point...

No, that is... ...and

our net interest income, it improved 549 crores. If you compare our peer banks, our NIM has improved, our net interest income has improved.

Only as rightly pointed, why there is a drop in operating profit and net profit by 2,300 crores. Sir, last quarter, we had listing gains from Canara HSBC and Canara Robeco of 1,930 crores.

Yeah. That was substantial enough.

Secondly, due to geopolitical situation, the bond yields moved from 6.59 to 7.05, and the share market corrected by 4,000 basis point. This has resulted into MTM losses of 800 crores.

This may not be going ahead for the quarter, this may not be there in the June quarter, but the one-time listing gains were factored in in the last quarter of 1,930 crores. Regarding the TWO recovery,

generally

our TWO recovery hovers around 1,500 to 1,600 crores. If you see last year for the full financial year, the TWO recovery was 6,800 crores, and in this financial year, it is 6,500 crores.

There in the total TWO recovery, there is no substantial dip, but only some high-ticket resolutions come in a particular quarter. Normally, it hovers around 1,500, 1,600 crores per quarter.

Now, sir, yeah, point well taken, sir. Even I had analyzed it that there were some additional profit in the last quarter because of those two listing gains.

Having said that, sir, now this two things are clear now. The RBI has given the clear guidelines for the ECL.

On that now, as far as the provisions are concerned, how much buffer provisions to take care of that or the planned provisions which we already have in our books, and how do we plan to meet now going forward the provisioning norms as per the final guidelines given by RBI?

Sir, if you see that our SMA is best in the industry, it is only 2.75%...

Yes, yes.

...while the advances is growing up. In absolute numbers, our SMA is coming down.

In the December '25, our SMA book was 35,000 crores. Now it is 33,728.

Although the advances is going up, our SMA is coming down. Now coming to the ECL part.

Now, sir, on ECL front, Stage 1 and Stage 3, both are almost at par with the IRAC norms. Our PCR is 94.20, for Stage 3, it is adequate enough.

For Stage 1, it is at par with IRAC norms. Only at Stage 2, we see that in Stage 2, the regulatory floor has been moved from 0.4% to 5%.

Some additional provision will be required and we presume it will be 2,500 crores. The probability of default in Stage 1, Stage 2, and Stage 3 will be additional 2,500, or maybe it may range up to 5,000 also.

Additional non-fund requirement will be 2,500. Total requirement will be 10,000, and it can be staggered to 4 years.

Our profit is in the range of 19,000 to 20,000 crores. Bank is in a very, very good position to absorb the entire in the first go itself.

If we absorb in the first go itself, then there will be a drop of 1% in the CRAR. Bank is adequately capitalized.

Our CRAR is 17.04, much above the regulatory level.

Yes, sir, you are well prepared for that. Sir, now going forward, the government has also announced because you also referred that there is some geopolitical situation which is building up now in the pressure.

In fact, in the March, the effect might not have been seen because of the West Asian war also. Now I think you must have started feeling the heat.

Government is equally, being a proactive measure, has announced ECLG 5.0, creating a lot of buffer, a ₹2.5 lakh crore of the planned this thing. In our bank, have we calculated that how much amount the customer can use through this line?

How are we prepared for that? Will it not add to our credit growth which we are already planned?

Will it not give a fillip to it?

Sir, we have already...

Are you feeling any stress already?

Sir, see this quarter our slippage was 2,771 crores.

Yes, sir. Last year

last year in the same quarter, it was in the March because we have to compare from the previous March only. Last year also the slippage was 2,702, this year it is 2,800 crores roughly.

It is in the similar levels. In the March, what happens, sir, some MOCs are because branch audit is conducted across the country, some MOCs are we should not compare from the December, we have to compare from March to March.

We don't see any stress building as on date because it is almost at par with the previous March. Out of this 2,771, 1,333 is for MSME.

MSME, some slippage has been observed,

but

not to that extent. For coming to your point that ECL 5, bank is already worked on that one.

The entire portfolio that is affected is about 90,000 crores, and the additional exposure will be around 18,000 to 20,000 crore. Definitely, it will give some fillip to the advances.

Going forward, sir, there is no concern according to you and no concern is building up even in April, May also because of that war situation?

No, sir, if you see our slippage ratio is 0.69%, and our SMA is 2.75, both are industry-best actually. As on date, no concerns.

Going forward, this ECL 5 will definitely help the affected area.

All right, sir. Thank you and all the best.

If time

permits, I'll come back again. Thank you.

Thank you, Ajmera sahab.

Hi, sir. Thanks for taking my question.

Firstly, on the advances growth guidance that you have given of 11% to 12%, sir, we have closed this year with 15% plus. Any reason we are calling for a moderation in credit growth next year?

No, sir, actually bank has a tradition of giving some conservative numbers because GDP growth is projected at 6.9%. We have seen what earlier guidance has been given by us, and accordingly it has been projected.

I am confident that bank will end up much above the guidance numbers as it ended up in this financial year.

Perfect, sir, very useful. Secondly, on the PSLC, sir, some of the private banks are they are facing issues on their PSLC compliance.

Would it be fair to assume next year our PSLC income will be higher than this year or any comment you can give on that? Sir,

PSLC, sir, continuously our PSLC income is around 2,500 crores, we derive that income. This year also, we are confident that we will derive this PSLC income because we are above in priority sector credit, we are exceeding all mandated norms.

Definitely we will gain advantage out of selling the PSLC.

Sir, it should be similar to FY '26 next year?

Yes, sir. Yes,

sir.

Yes.

Okay. Okay.

Sir. Sir, and the comment you made on ECL, I understood the one-time impact, but on the run-rate impact of how much it can affect your, say, credit cost on a run-rate basis, if you could speak a bit about that, say from FY '28, and whether bank can still sustain 1% plus RoA even after implementing ECL on a run-rate basis?

Sir, our credit cost is continuously coming down. That is because our SMA in absolute number is coming down.

If you see that the SMA from 3%, it has come down to 2.75%. Slippage will be hovering around this range only.

We don't see any threat in coming up.

Even after implementation of ECL, you think you can maintain similar credit cost guidance on a run-rate basis?

I presume that we will maintain this...

Sir. ...because

our SMA levels have come down substantially.

Fair enough. We can see that, sir.

In December in absolute terms, the outstanding was 35,604. This year it is 33,000 In March, this is 33,728.

Although my credit is growing at 15%, and if you compare from last March '25, my SMA book was 40,481. Now it has come down to 33,728.

I am confident that I'll be able to maintain this slippage numbers and credit cost.

Sir. Sir, one last question.

Sir, on NIM, you have given your guidance, but will you have passed through the entire December rate cut, and from here, how do you expect margins to to trend, say from first quarter onwards, because your guidance is 2.5 to 2.6, yeah, on a say trajectory basis if you can, yeah?

Sir, you see in this quarter, our NIM improvement was 9 basis point. Already because our credit growth is very high at 15.30, so that places us uniquely to negotiate on pricing.

We are not entertaining low-yield advances. We are capitalizing on expanding RAM credit, and we are very, very conscious on bulk deposits, pricing of bulk deposits.

The combined effect, our NIM has taken a uptick of 9 basis point on this quarter and 1 basis point cumulative. We presume that it will hover around 2.5 to 2.60.

Very useful, sir. Sir, just your LCR number if you can share.

That's my last question for this quarter. LCR

was 118%, it is much above the regulatory level of 100%.

Sir. Thank you so much, and congrats on the print.

Thank you, sir.

Hello,

Yes, Mundhra sir, namaskar.

Namaste, sir. Hi.

Sir, a couple of questions, sir. First, just a clarification, sir, on gold loan.

How much is the total gold loan outstanding in agri and non-agri?

Sir, my gold loan portfolio is 2,45,000 crores.

Okay.

Out of which agriculture is 1.54 lakh crores, the remaining non-agri is 91,000 crore.

Right. Okay.

That is good. That has also grown, right?

Last quarter it was, I think, 2.2 trillion. It has now become 2.45 lakh crore, right?

The gold portfolio even on a QoQ basis is growing at a decent pace. Do you see any...

Yes, sir, it has... Yeah.

Sir, going ahead, do you see that now this is a 20% of the overall loans, would you believe the growth here to be single digit or you believe it will still be in double digit even though it moderates? Is there any thoughts there?

Sir, it will be in double digit because traditionally our number of branches are high in South India, sir. Here people don't place on deposits, that is why we are lacking on one side, we are struggling on CASA, but on asset side, we have this advantage of gold loans.

People are more comfortable going to branches availing this gold loan. That is why we are confident that it will grow with the same pace.

All right. Okay.

Sure, sir. Sir, on ECL, right, you mentioned that, SMA 1 total SMA you have given, but if you have the number separately for 0, 1, and 2, I think that will be useful

if

you have the number separately for 0, 1, and 2 together. Yeah.

SMA 0 is 10,961, SMA 2 is 9,732 only, SMA 1 is 13,035. The total is 33,728.

Okay.

SMA 0, 10,000, SMA 1 also around 11,000,

and rest

900 only. Okay.

13,000, SMA 1 is 13,000. Right.

Okay.

SMA 0 is 11,000.

Right, sir. Sir, on your provisioning, right?

ECL and provisioning, I think few banks, they have said that they want to raise capital maybe for ECL because asset quality across banks have been much strong and there is a strong growth and regulatory capital also. Your thought process, sir, if ECL, like you mentioned, 100 basis point impact, which seems very moderate even if because you also have 5 years, any thoughts on capital raise or any need for that, sir?

Sir, our profit ranges between 19,000 to 20,000 crores so this will continue, I think, for the next year also. If the need be, if need required, we will go for capital raising.

Since it has not moved to the board, once board permissions, then I'll share it with you. I think within couple of months, we will share that number with you.

Sure. Lastly, sir, on your NIM question, I think you mentioned a stable NIM guidance going ahead, but, sir, you also raised TD rates in the month of December and January by around 30, 35 basis point, right?

How should one look at cost of term deposit or cost of deposit on a blended basis? Do you think that cost of deposit now has bottomed, and even including Q1 FY '27, this should start inching up, or you think that the blended cost will still decline?

Sir, we are very conscious on pricing on bulk deposits and CD. We work on the blended model only, and we are very conscious what is the rate of inflow and what is the rate of outgo.

That margins we keep always in mind while quoting price. That is how our NIMs have improved in this quarter.

No, no, sir, going ahead, do you think because we raised not all banks have raised term deposit rates, we did in December by around 35 basis point. I wanted to check, sir, has the cost of deposit bottomed out, or you think because select maturity only have raised interest rate, but you may still gain on bulk or otherwise?

How to look at the blended cost of deposit?

Sir, why we had raised because our retail term deposit, even after raising, was much cheaper than the bulk deposit rate. The idea behind to have a more flow in retail term deposit rather than bulk deposit.

That is what exactly has happened in the fourth quarter, which benefited us. Our cost of deposit has substantially came down if you see.

Right. Right.

Okay.

That is why you can see the fantastic impact on net interest income of 549 crores. You can compare with peer banks, ours is much better.

Correct. Correct.

No, no, sir, absolutely, that is much better. Sir, I just wanted to check two things since you mentioned peer banks.

If you have the number of, corporate loans or the overall loans which are linked to T-bills, that is one. Sir, we have a TWO recovery of around 6,500 crores this quarter this year full as a as a full year.

If you have any number which goes to NII line item out of this NPA recovery because that may or may not grow as much as the loan growth, right, because the TWO recovery. Three things: one, TWO recovery outlook; number two, TWO recovery that goes to NII line item; and C, the the T-bill-linked corporate loans.

Thank you.

Sir, interest income on your TWO advances, it ranges about 350 to 400 crores almost. It contributes to every quarter, this interest income is contributed.

We are confident going ahead, it will continue, sir.

Okay.

TWO recovery also it hovers around 1,500 to 1,600 crores in a quarter. That may vary because of one big-ticket resolution.

If you see for the financial year '25, it was 6,800 crores, and this year it is 6,500 crores, almost at same level. It will continue, this will also continue.

Sure, sure. All right, sir.

Sir, T-bill number if you have

Thank you, sir. Okay.

Hello?

Good evening, ma'am. Hello?

Yes, sir. Good evening, sir.

Can you hear me? Yes.

Yes, yes.

Sir, I had a question. If you're confident about your cost of funds and the balance sheet is in a good shape, then why is your loan growth guidance not as good as other banks?

Because other banks are giving a much higher guidance. What is the constraint here?

There is no constraint. We see that GDP projection is at 6.9%.

Accordingly we project. We see last historically what we have given the guidance of.

Although we have surpassed these numbers and also we are confident that we will surpass it again. The basis has been this only: the GDP growth projection and the past historically how much guidance we have given in the last 3 years.

That forms the basis of giving the guidance.

Sir, got it. Sir, coming back to ECL, is there any way to find out what will be the run-rate impact?

On an ongoing basis every year, how much will ECL add to the credit cost?

That we have not worked it out because it is a forward-looking provision. That probability of default of any loan for the next year.

We have roped in a knowledge partner, E&Y, and the system-level implementation will take place in September. Roughly we have calculated that the impact will be about 10,000 crores, and looking at our profits, we can absorb in one go, but there is a provision that we can absorb in four 4 years.

Bank is very, very comfortable on ECL front.

Sir. Thank you.

Thank you, sir. Thank you.

Hi. Hi, sir.

Thanks for the opportunity. Two, three questions.

First, on the gold loan, while you highlighted that the retail gold loan is growing, it seems like your agri gold loan is not growing for last two, three, four quarters almost. Last quarter it was 1.5 lakh crore, it seems like this quarter is also 1.54 lakh crore, and in the beginning of the year, I think it was 1.4 lakh crore.

Any challenges there, sir, or it has to do anything with the RBI revised guidelines or something like that, sir?

My colleague Bhavendra ji will answer this.

No, no, actually our figure is 2.4 lakh crore, and it's not that we have not been growing in the last two or three quarters. With the aftermath of RBI directions, we have changed certain this no restricted customers how they can engage with the branches with the income numbers.

Because of that, little a slowness is there, but not that we have consciously taken anything in that direction to stop. Nothing is there because our retail portfolio is growing as it was growing earlier.

From April 1st...

No, sir, my question is on

the

agri gold loan only. Last quarter it was 1.5, and in the beginning of the year, it was 1.4.

Nahi,

shall I say if you see that whatever loss you are seeing in agri is compensated in retail.

Retail, yes.

It is a deliberate attempt from the bank, if you see in other than rural, that is semi-urban and urban, we are mostly...

In rural also, we are growing at 14.91%. 14% yes, sir.

No, no, that is there.

That in these areas we are giving only retail. If you see overall, you have to read both put together.

Correct. If

you are seeing in one side agriculture is showing a slower growth, but retail is taking up its place. It is both combined, the growth remains constant.

You should not look at it in isolation. It should look at combined portfolio in compliance with RBI guidelines.

This is mostly in compliance with RBI guidelines, we have devised this.

Gold loan portfolio is growing at 33,

34%... 34%, yes.

...of which the agri gold portfolio is growing at around 15%. We have to comply with all RBI guidelines also.

I presume that it will go in the same manner.

Sure, sir. I'll probably reach out separately for any further clarification.

Sir, two last questions. One on the current account.

I think the growth has been sharp negative number. Any reason for that?

There were four accounts which were having big, big ticket, four accounts. I cannot name that.

That is causing the variation in current account. Apart from that, current account is growing at a healthy pace.

Sure. Sir, last question, if you can give your Stage 1, 2, and 3 provision as per the IRAC norm whatever you are holding currently in absolute terms, roughly, rough ballpark figure will do?

You are talking about ECL provision?

Right. No, I think you said in the opening commentary that Stage 1, you're adequately provided.

Stage 2 is where you need some buffer provision. Stage 3 also you are adequately provided, I just wanted to check the absolute number if it is readily available, else I can reach out separately.

Absolute number can be shared only after the implementation of system. That I can share only after the implementation.

Roughly we have worked around 10,000 crores, and we are making a profit of 19,000 to 20,000 crores. This also can be staggered for 4 years.

Easily we can absorb entire in the first go itself.

Sure, sir. Okay.

What is your, sir, total standard asset provision number?

My standard provision number? 4,500.

4,500.

Thank you so much, sir.

Apart from that, there are three big-ticket accounts which are in SMA where there's no need for provision, but as a prudent banker, we have made a provision of 1,890 crores in that.

Okay. Sure.

That's all from my side.

Hello, am I audible? Hello?

Hi. Thank you for the opportunity.

I have couple of questions, sir. First is on the PSLC.

Sir, I'm just looking at the small and marginal farmer, because I'm assuming that large part of our PSLC come from selling PSLC of small and marginal farmer. If I look at let's say this year, the excess that we have is about 2.5%, we did about 12.5% versus 10% which is required.

If I look at the same number last year and last to last year, that number was much higher at 3.4% and 6%. Is it fair to assume that the surplus that you carry this year is slightly lower than what you had last year?

No, no, no. We have worked it out, and this will be at the same level this year also.

Okay. Okay.

The PSLC income you expect to be similar as last year?

2,500 crores yearly.

Right. Six Six Okay, got it.

6,500 Sir, I think 2,600 was the number this year.

No, it is 3,000. It will be around 3,000.

Okay. Got it, got it.

Sir, the second question is with respect to the recovery from written-offs. While you alluded to about 15, 16 billion per quarter sort of a recovery, but let's say in the immediate quarter, do you expect any large-ticket account getting recovered?

For let's say this Q1 FY '27, you expect 15, 16 billion run rate to continue?

Q1 already we have one one big-ticket part amount has been recovered...

Okay. Okay.

...of 300. We are very confident that this number also we will be achieving this quarter.

Understood. Understood.

Perfect, sir. That's all from my side.

Thank you.

Hi, sir, good afternoon. Sir, first question is again on gold loans.

Wanted to check if you have taken any increase in the pricing on either agri gold loans or retail gold loans over the past 1, 2, 3 quarters?

That increase in pricing is factored, but we are very, very conscious about LTV. We operate well within the LTV ratios prescribed by the regulator.

Sorry, sir, let me clarify. The question is about the pricing of the interest rate on gold loans.

Has that increased over the last few quarters?

No, no,

no. No, we have not increased.

I thought the price of...

The LTV ratio, we have kept maximum at LTV.

Pricing on rate of interest.

Not increased, and LTV also we have kept in check.

Understood.

Below 70%. Yeah.

Sir, and would it be fair to say that all the agri loans are largely linked to MCLR and all the retail loans are largely linked to repo? Is that a fair understanding?

Yes, yes, yes.

The average yield would be somewhere around 9%, right, on both the portfolios?

Yes. Near 9%.

Near 9%.

Understood. Sir, second one, in the provision line in the P&L, there is a negative provision in the other provision line.

Can you explain what that is coming from? Thirdly, if you can also share the segmental breakup of slippages for the quarter?

Provision in the large borrower framework, there is a release as per the RBI guidelines. Some 307 crore release is there because it is no more required.

That is one of the factor.

If I look at the number, it is close to 870 crores.

Earlier there was 3% prescribed by the additional provision for large borrowers. Now this has been dispensed by the regulator, there is a release of 307 crores.

Understood, sir. Sir, but the negative provision is close to 870 crores.

That is why I wanted to ask

you. See, in standard accounts also in three big accounts, we were maintaining additional provision.

Their balances has come down. That is why some release is also there.

Understood, sir. If you can also share the segmental breakup of slippages, that would be good.

Sir, and just lastly, one comment from you. I understand that there will be as in we will go through the ECL transition over the next few years, but in spite of all of that, you believe the bank can deliver a 1% RoA?

I presume yes, bank can deliver that. Although we have kept it at a conservative level, bank can deliver that.

That is why we have given it our return on asset more than 1%.

Understood, sir. Perfect.

Thank you. Those were all the questions I had.

If you can also share the segmental slippages, that would be helpful.

Segmental I can tell you: 2,771 is the total slippage that has happened in this quarter, out of which 1,333 is for MSME, agriculture is 886, corporate 80, gold loan 41, and retail some 431 crores.

Understood, sir. Thank you very much.

Thank you.

Hello. Hello, can you hear me?

Yeah. Good evening, Mr.

Parth.

Hi, sir, good evening. Thanks a lot for the opportunity, sir.

Sir, just in terms of RAM and corporate mix, we have now reached 40 59% of RAM and around 41% of corporate. How far we can increase our RAM mix in the overall loan mix?

We endeavor to reach at 60:40, 59 RAM and 40 corporate.

Okay. Okay.

Within the RAM, we will continue to grow the retail segment and because our agri and MSME has been as a proportion of overall loan has been coming off over the last four quarters. Is that the right understanding, sir?

Yes, yes.

Okay. Thanks a lot, sir.

Good evening. Congratulations to team Canara for very stable results.

Good evening, Choksey sahab, good evening.

Good evening. Sir, looking into FY '27, can you tell me what is undisbursed credit and how is the corporate pipeline looking when you're guiding at 60 RAM, 40 corporate?

Because RAM will have adequate support coming from government for the new scheme. At the same time, there would be demand, whereas southern India is seeing a robust demand where manufacturing, TCC, and many other sectors are likely to come up.

What is the outlook on corporate book?

Corporate demand, sir, already NBG that is sanctioned by us, we have to finalize the proposals, that is lined up at around 20,000 crore. Another undisbursed corporate is around roughly about 20,000 crores.

The ECL, we expect that 18,000 to 20,000 to grow. We should make up the guidance number comfortably.

Sir, in data centers, are we funding data centers with GPU

or

without GPU or with GPU? Yes, yes.

With GPU. Sir, how is the pipeline between power sector and data center?

Data center and power, both we are financing, sir.

No, no, you're financing, I know. How is the pipeline, sir?

Pipeline also we can share separately with you. We can share that pipeline.

Right now, I don't have breakup of the pipeline. In this gross numbers I am having.

Regarding these two...

Sir, in view of now everything is getting digitized and initiatives, so many other new programs have been done at Canara. How is that cross-sell working?

How many touch points from each wallet are we doing? What is our digital spend we are likely to do this year?

We are very, very conscious about the number of products we can offer to our client. We already have 3,000 customer relationship managers very, very active on that front.

We want to penetrate the customer not only to the customer, but to the family. Now this year, this customer relationship officers will be penetrating to the entire family, and we have products for that.

We will try to have more and more wallet share out of each individual, sir. Regarding digital penetration, sir, we are growing at a very, very handsome growth.

For the last year, the number was 1,204 crores digital transactions, prior to that that was 940 crores. Good impressive growth has been seen.

Our mobile app is ranked number one in Google Play Store. People are accustomed to our app, and they are popularizing that.

Digital transactions are improving, sir. Sir,

any update on mutual fund and insurance and the Can Fin Homes from your side, not that company's outlook? Canara Robeco.

Okay. What is any update on Can Fin Homes?

They have their own individual boards, sir. They will be announcing that result separate.

No, no, no, I understand that. I'm not saying that.

We are a stakeholder. Every now and then we talk about monetizing that stake.

At the same time,

there are a lot of opportunities to combine.

Further dilution we don't foresee, sir. Already 14.5% in Canara HSBC and 13% in Robeco, we have already done that.

We have gained some 1,920 crores in the previous quarter. Going ahead, we don't foresee any dilutions.

Thank you for answering all my questions and good luck for the year, sir.

Thank you, sir. Thank you, Sushil sir.

yeah, can you hear me?

Yes, Dikshit ji, please go ahead.

Thanks for the opportunity, and congratulations for a decent performance. Sir, I have one question is so now as you have mentioned that we are now 20% of our book is now gold loan, and recently we had some news of gold loan fraud in April, some media articles.

If you can just elaborate a bit that what we are doing to check that what are the check we do so that this kind of frauds don't happen?

Sir, number of checks we have put in place. One is the entire portfolio of a quarter, whatever we have disbursed, that gets re-appraised in the subsequent quarter.

For high-value gold branches, we have a plaza, a dedicated officer dealing in gold loans. Third is the security systems we have enhanced.

In where gold loans are more, we have kept additional security guard 24/7 for manning these branches. We have TLTR safe at all these places for safe upkeeping of gold.

Number of checks and balances are there, but one-off incidents keep on occurring, but the NPAs are very, very minimal in gold loan. It's a very, very productive product to us.

Okay. That's it from my side.

That is insured also.

Okay. No, the question was more towards so there are two type of accident happens.

One is that some theft happens, so that's a routine, it does happen many to anyone. The other thing which happens is if somebody give a fake gold or something like that.

What we are doing to avoid that thing?

We have panel appraisers in place. Every quarter, the same whatever gold loans we have done, that will be reappraised by a different valuer that will be sent by a regional office.

Okay.

Regarding spurious golds and all, that will be immediately detected after reappraisal it goes for reappraisal.

Okay. Any update you have from government side regarding the full-time MD, CEO?

We are also waiting, sir.

[laughs] Okay. Okay.

That's it from my side. Thank you.

50% of our portfolio is repo-linked. If you see in the December, there was a 25% reduction in repo rate, that is why it has impacted.

5 basis point it has come down.

May I ask one question, ma'am, if you permit, if the time permits?

Thank you, ma'am. Sir, when we look at our current run rate of operating profits, excluding the provisions and the contingency part, we posted 6,757 as the precise number.

Taking into account the current environment and taking into account the repricing of deposits also, if you could just give us some color whether we can defend this operating profit number going ahead, because the other are more variable number depending upon how the market dynamics plays out?

We are very, very confident that we will protect because this includes your MTM losses. Very soon some reversal will be seen.

Already it is showing in our books. We are very confident that it will be protected going ahead.

Okay. You mentioned that the NIMs trajectory will be 2.5 to 2.6, and the RoA will be in the trajectory of 1%.

This is what for the current year looks like.

Yes, sir. Yes.

The growth in business will be 11% to 12%, that is the advances part number you have given.

Yes, but we are confident of exceeding that. Last year also if you see, 10% to 11% guidance was given, but we ended up at 15.30.

This year also, although it is projected at 11 11% to 12%, we are confident that we will exceed this.

Sir. Last point is, sir, what percentage of our deposits are linked to the floating rates?

They get repriced as soon as there is any change in the interest rate scenario. And...

Deposit, nothing is there, sir.

Didn't get you, sir?

In deposit, nothing is there which is floating in nature.

Everything is fixed.

Yeah. There is two categories: one is demand deposits, and what is term deposit.

Term deposits are fixed for that particular tenor. Demand because it can be withdrawn at the will: savings and current.

Correct, sir. Right, sir.

Thank you, madam, and thank you, sir, for answering, and hope for further interaction going ahead. Thank you.

All the best to the team.

Thank you.

It is yet to be implemented Stage 2 provisioning. Once system-level implementation takes place, then we will share this number.

Excuse me. Do you mind me asking just one question?

Asking... Yes, madam.

While all the indicative parameters have been projected to grow, do you mind going over why earnings per share and return on equity is marked down from the present year numbers?

Yes, madam, you see this year we had a gain of 1,920 crores from listing benefits of Canara Robeco and Canara HSBC, where we diluted our share in Canara HSBC 14.5%, in Canara Robeco 13%. This 1,930 crores will not be there because it is a one-time income.

Next year it won't be there. That is why it has been kept at conservative level.

All right.

Thank you, madam. All I can say that this year also what we have given the guidance numbers, last year also, apart from two, that is CASA and NIM, out of 13, we could achieve 11 parameters.

Next year also, we are very, very confident whatever guidance has been given, we will try to deliver these numbers. Thank you.

Thank you.