Canara Bank

Any reason for that?

14

• Mr. Hardeep Singh Ahluwalia - MD and CEO, Canara Bank:
• There were four accounts which were having big, big ticket four accounts. So, I cannot name that. So, that is causing the variation in current account. Apart from that, current account is growing at a healthy pace.
• Mr. Suraj Das:
• Sure.

Any thoughts on capital raise or any need for that, sir?

• Mr. Hardeep Singh Ahluwalia - MD and CEO, Canara Bank:
• Sir, our profit ranges between 19,000 to 20,000 crores. So, this will continue, I think, for the next year also. So, if the need be, if need required, we will go for capital raising. And since it has not moved to the board, once board permissions, then I will share it with you. I think within couple of months, we will share that number with you.
• Mr. Jai Mundra:
• Okay, sure.

Are you feeling any stress already?

• Mr. Hardeep Singh Ahluwalia - MD and CEO, Canara Bank:
• Sir, see, this quarter, our slippage was 2771 crores. Last year, last year in the same quarter, it was in the March, because we have to compare from the previous March only. So, last year also, the slippage was 2702. This year, it is 2800 crores, roughly. So, it is in the similar levels. So, in the March, what happens, sir, some MOCs are because branch audit is conducted across the country. So, some MOCs are, we should not compare from the December, we have to compare from March to March. So, we do not see any stress building as on date, because it is almost at par with the previous March. And out of this 2771, 1333 is for MSME. So, MSME, some slippage has been observed, but not that much. And for coming to your point that ECL-5, bank has already worked on that one, and the entire portfolio that is affected is about 90,000 crores. And the additional exposure will be around 18,000 to 20,000 crores. Definitely, it will give some flip to the advances.
• Mr. Ashok Ajmera:
• So, going forward, sir, there is no concern according to you and no concern has seen, has been, I mean, is building up even in April, May also, because of that war situation.
• Mr. Hardeep Singh Ahluwalia - MD and CEO, Canara Bank:
• No, sir, if you see our slippage ratio at 0.69% and our SMA is 2.75, both are industry best actually. So, as on date, no concerns. And going forward, this ECL-5 will definitely help the affected area.
• Mr. Ashok Ajmera:
• All right, sir.

Asked about funding data centers with GPU and the power/data-center pipeline, Ahluwalia said both are financed but that he did not have a breakup of that pipeline in the gross numbers and could share the pipeline separately.

At the same time there are a lot of opportunities to combine.

• Mr. Hardeep Singh Ahluwalia - MD and CEO, Canara Bank:
• Further dilution we don't foresee sir. Already 14.5% in Canara HSBC and 13% in Robeco, we have already done that. And we have gained some 1,930 crores in the previous quarter. Going ahead we don't foresee any dilution.
• Mr. Sushil Choksey:
• Thank you for answering all my questions and good luck for the year sir.
• Mr. Hardeep Singh Ahluwalia - MD and CEO, Canara Bank:
• Thank you, sir.