Transcript of Earning Call for quarter ended 30.09.2026

Ref: SD/356/357/11/12/2026-27 17.10.2026 The Vice President The Vice President BSE Ltd. Listing Department Phiroze Jeejeebhoy Towers National Stock Exchange of India Ltd Dalal Street Exchange Plaza Mumbai - 400 001 Bandra-Kurla Complex, Bandra [E] Scrip Code: 532483 Mumbai - 400 051 Scrip Code: CANBK Sub: Intimation under Regulations 30 and 46(2) (oa) of SEBI (LODR) Regulations, 2015 - Transcript of Earnings/Conference Call with Analysts/Investors for the Second Quarter & Half Year ended 30.09.2026 Ref: Our Letter SD/329/330/11/12/2026-27 dated 09.10.2026 Ref: Our Letter SD/352/353/11/12/2026-27 dated 14.10.2026 With reference to above and pursuant to Regulations 30 and 46 (2) (oa) of the SEBI (LODR) Regulations 2015, the transcript of post results Earnings Conference Call for the Second Quarter & Half Year ended 30.09.2026 is enclosed herewith. The transcript of Q2 FY 2026-27 Earnings Conference Call is uploaded on Bank’s website and the same can be accessed through below link: https://www.canarabank.bank.in/earning-conference-call- transcript?p_l_back_url=https%253A%252F%252Fwww.canarabank.bank.in%252F&p_l_ba ck_url_title=Home This is for your information and records. Yours faithfully, Santosh Kumar Barik Company Secretary सिचवीय िवभाग Secretarial Department (cid:366)धान काया(cid:330)लय Head Office F +91 80 22248831 112, जे सी रोड, ब(cid:336)गलू(cid:348) - 560002 112 J C Road, Bengaluru - 560002 T +91 80 22100250 E-Mail - hosecretarial@canarabank.com www.canarabank.bank.in Canara Bank - Q2 FY27 Earnings Conference Call 14th October, 2026 - Moderator: - …Q2 FY27 Earnings Conference Call. Today, we have with us the senior management team of Canara Bank represented by –  Shri. Brajesh Kumar Singh, MD and CEO Sir  Shri. Hardeep Singh Ahluwalia, ED  Shri. Bhavendra Kumar, ED and  Shri. S. K. Majumdar Sir, ED. - With this, I hand over the call to the MD Sir for his opening remarks post which we will have a Q&A Session. Thank you and over to you, Sir. - Mr. Brajesh Kumar Singh - MD & CEO, Canara Bank: - Thank you. Thank you there. I just welcome all our esteemed analysts to this Analyst Meet after having published our September quarterly results. And I am very happy to inform some of the salient features, though we have already provided the full Balance Sheet and Profit & Loss statement posted.  So, this quarter crossed a very important milestone of ₹30 lakh crores of business and our Total Global business stands at ₹30,72,000 crores at 15.88% YoY growth.  Then Global Deposit also grew by 13.13% YOY and it is as of now at ₹16,97,000 crores.  Global Advances grew very robustly at 19.46% YOY, ₹13.75 lakh crores.  And the most heartening to note is our core business, the income from core business, that is Net Interest Income, grew by 20.39% and it is at ever highest YOY also and ever highest outstanding gross amount at ₹11,000+ crores.  Net Profit also grew very handsomely and it is also ever highest profit of any quarter at ₹5,175 crore and YOY is 8.40%.  CRAR is very well placed at 17.19% due to plough back also and at the same time density of our risk weighted asset has also improved like anything.  The PCR coverage also, we have increased it by 175 basis point YOY basis and now it stands very robustly at 95.34%.  Gross NPA; our total asset quality has improved like anything. Our guidance for the full year 31st March, 2027 was for Gross NPA 1.50 and now we have already improved it at 1.33%.  And Net NPA also we said that it will be around 0.40%. It has further improved and it is as of now only at 0.30%.  So, if we go granularly in the Advances side, the advances growth was broad based. I mean, every RAM and large corporate everybody has equally contributed. To discuss, RAM grew by 21.03%. Within RAM; Retail Credit at 31.61%. And even we in Retail if we talk about Housing Loan, it has also grown 17.35%. All these numbers are YOY.  Vehicle loan grew by 25.50%.  If we talk about MSME also, there is a very good growth at 15.49%.  And in Earning Per Share also the growth is 5% and we are at ₹22.06.  There is an improvement of 21 basis points on YOY versus in credit cost and it is very handsomely placed at 0.47%.  And the Slippage ratio has been contained like anything and the annualized Slippage ratio is only 0.58% and there is an improvement of 18 basis points. - So, let me conclude by just giving you how we have fared against our guidance, which we gave in the start of the year.  So, we said we will grow Total Business by 10%-11%. Against that, we have grown 15.88%.  Advances we said 11%-12%, we have grown 19.46%.  Deposit growth we said 9%-10%, now we have growth at 13.13%.  CASA we have said that it will be in between the range of 30%-32%, which as of now we are at 29%. We have protected that at 29% in spite of the fact that we could garner $5.8 billion of FCNR(B) deposit, which in rupee terms is close to ₹55,000 crores, which is all on that Term deposit. Had it not been there, we would have also achieved or surpassed this guidance also. Despite the Term deposit and that too in a very short span of time, we have still maintained it at 29%.  NIM, we said it will range between 2.50%-2.60%, we are at 2.53% on annual basis and on quarterly it is 2.55%; even better.  Gross NPA, I already discussed.  Net NPA also I discussed.  PCR also discussed.  Slippage ratio; guidance was 0.80%, now it is only at 0.58%.  Credit cost also I have said that we have improved and against the guidance of 0.75% it is only 0.47%.  Return on Equity we said 16.5% and it is 2% more around 18.49%, to be precise.  Earnings Per Share also we said ₹20 and it is at ₹22.06.  Return on Average we said between 1.01%-1.05%, we are at 1.04%. - So, you see, barring CASA, that too I have explained why, we have surpassed by good margins on all the guidance. - Now, I shall be open to your analysis, your questions, any further clarification from our side and any guidance from your side, please. Q&A Session - Moderator: - Thank you, Sir. We will start the Question & Answer session. Participants those who have any question please raise your hand. - We will take the first question from the line of Maru, please go ahead with your question. - Ms. Maru – Analyst: - Yeah. Hello, Sir. Good evening. Congratulations. - Mr. Brajesh Kumar Singh - MD & CEO, Canara Bank: - Good evening, Maru. Yeah. - Ms. Maru – Analyst: - Yeah, congratulations, Sir. - Mr. Brajesh Kumar Singh - MD & CEO, Canara Bank: - Thank you. - Ms. Maru – Analyst: - Sir, I just had a couple of questions, what would be your incremental yield on corporate loans currently and what would it be last quarter? As in, what was the incremental yield on corporate loans in the second quarter and what was it in the first quarter? And likewise, on Gold loans, your yields? - Mr. Brajesh Kumar Singh - MD & CEO, Canara Bank: - Okay, that I will provide you. Yeah, we have got. Yes, let me see. - Mr. Hardeep Singh Ahluwalia – Executive Director, Canara Bank: - The corporate the yield is 7.72% and on gold it is increased to 9.10%. It has improved from 8.96% to 9.10%. - Ms. Maru – Analyst: - Okay. And corporate has improved? - Mr. Hardeep Singh Ahluwalia – Executive Director, Canara Bank: - From 7.68% it has improved to 7.72%. - Ms. Maru – Analyst: - Okay, Sir. Got it, got it. And, Sir, what is your take on margins from here on? Do you see margins improve from here on too? - Mr. Brajesh Kumar Singh - MD & CEO, Canara Bank: - I guess we will be able to sustain this NIM at 2.55% considering, I mean, there is a rate hike also of 0.25 basis point. We are at 25 basis points. And our Repo rate linked book is 53%. And again, MCLR will be also repriced but at the same time it will further depend upon how deposits and advances are getting repriced. But as of now, as we speak, 53% of book is already repriced. - And then this season there will be a lot of festivity also, so there will be a lot of underwriting under retail lending and gro [Showing first 8,000 characters — download PDF for full document]