Canara Financial institution reported fourth quarter web revenue of ₹1,010 crore as towards a web lack of ₹6,567 crore within the corresponding year-earlier interval. The financial institution additionally posted a web revenue of ₹2,557 crore for FY21 over a web lack of ₹5,838 crore within the earlier yr. Gross non-performing property (NPAs) stood at ₹60,288 crore as of March 31, whereas web NPA was ₹24,442 crore.
In proportion phrases, gross NPA fell 46 foundation factors to 9.93% of complete advances, whereas web NPA declined 52 foundation factors to three.82%. In FY21, the financial institution’s world enterprise stood at ₹16,86,030 crore, a y-o-y enhance of 8.23%. The lender noticed its world deposits at ₹10,10,875 crore and world advances (gross) at ₹6,75,155 crore develop 11.50% and three.68%, respectively. Home deposit rose to ₹9,63,306 crore at 10.74% y-o-y, whereas home advances (gross) elevated 5.51% to ₹6,52,558 crore.
Canara Financial institution opened 138 lakh accounts below PMJDY and mobilised CASA deposits of ₹6,152 crore within the fiscal ended March 2021.