CORPORATE PRESENTATION
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AGENDA 1 CANARA BANK OVERVIEW 2 KEY INVESTMENT HIGHLIGHTS 3 ASSET QUALITY 4 GROWTH STRATEGIES 3
DECADES OF HISTORY 1 st position in MSE lending for FY 14 & FY 15 by GoI Indy Wood CSR Excellence Award 2016 for outstanding achievement under CSR Best Bank under PMEGP, South Zone in the field of Khadi and Village industries for FY14 & FY15 Dun & Bradstreet Banking Award 2016 for the Best Bank under PSL and Best Retail growth performer among PSBs SKOCH Order of Merit Award for initiatives under SME Enablement, Financial Inclusion and mwallet for FY 15 National Award for excellence in lending to Micro Enterprises 1 st position in FY 14 and 2 nd position in FY 15 Foray into Asset Management and Life Insurance through joint ventures 2008 Core Banking Solution implemented in all domestic branches 2010 2016 8th overseas branch at Dubai is inaugurated Canara Bank Registration of Canara Hindu Permanent Fund Limited 1906 1910 Renaming as Canara Bank Nationalization of the Bank 1969 1976 Inauguration of 1000 th branch Listing through Initial Public Offer 2002 2006 Centenary year of the Bank Core Banking Solution implemented in select 2007 Launching of a New Brand Identity (Tanzania) Limited, a wholly owned subsidiary is opened branches 111 Years of Celebrated History 4
CANARA BANK OVERVIEW : H1 FY17 HIGHLIGHTS Net Advances Deposits Net Interest Income CET-1 INR 3,274 bn INR 4,843 bn INR 48 bn 8.25% INR Bn INR Bn INR Bn FY 2016 3,250 FY 2016 4,797 FY 2016 98 FY 2016 8.18% FY 2015 3,303 FY 2015 4,737 FY 2015 97 FY 2015 7.37% Non Interest Income Net Profit GNPA NNPA INR 35 bn INR 7 bn 9.81% 6.69% INR Bn INR Bn FY 2016 51 FY 2016 (26) FY 2016 9.40% FY 2016 6.42% FY 2015 47 FY 2015 29 FY 2015 3.89% FY 2015 2.65% 5
CANARA BANK AT A GLANCE Bank Overview Shareholding Pattern As On December 31, 2016 One of the leading public sector commercial banks in India Among the top 5 public sector banks in terms of assets as on March 31, 2016 as per the data published by Indian Banks Association 1.2% 0.5% 5.9% 4.5% 13.7% 7.9% One of the largest nationalized banks in India in terms of total 66.3% advances and deposits, which is Rs. 8,117.73 billion as of September 30, 2016 Engaged in a wide variety of banking activities such as: GoI LIC of India HDFC Trustee FPIs Reliance Life AMC FIs/ Banks Others Presence Across the Value Chain Corporate Lending Comprises a wide variety of banking activities for large and medium corporations Priority Sector and Retail Sector Lending Provides funding to Priority & Retail sectors including loans to agriculture, MSME, Housing & Education etc International Banking Caters to the financial 51.00% 43.45% 70.00% 51.00% Commercial Indo Bank LLC (JV with SBI) 100.00% 69.14% 100.00% 40.00% requirements of Indian exporters and importers 35.00% 35.00% Other services Includes services such as asset management, factoring, bancassurance etc Canara Bank Tanzania Limited 100.00% Commonwealth Trust (India) 30.00% 6
AGENDA 1 CANARA BANK OVERVIEW 2 KEY INVESTMENT HIGHLIGHTS 3 ASSET QUALITY 4 GROWTH STRATEGIES 7
KEY INVESTMENT HIGHLIGHTS 1 Strong Brand Recognition & Pan India Presence 2 Efficient Use Of Digital Technology 3 Diversified Credit Portfolio 4 Diversified Sources Of Income 5 Efficient Asset Liability Management 6 Experienced And Professional Management Team Backed By GoI 8
1 STRONG BRAND RECOGNITION & PAN INDIA PRESENCE (1/2) Pan India Network As On November 30, 2016 Domestic Branch Network 5,931 5,849 32/32 16/28 199/220 56/55 5,682 180/251 181/496 83/96 8/8 7/8 1/1 143/182 143/199 3/3 384/684 54/82 214/274 165/361 266/401 540/803 76/79 235/359 136/181 284/361 169/210 10/10 70/78 13/15 5/5 4/5 3/3 FY 15 FY 16 As on Nov 30, 2016 Bank has 8 overseas branches in Johannesburg, New York, London, Leicester, Shanghai, Manama, Hong Kong & Dubai Bank has 182 hi-tech e-lounges in select branches with facilities like Cash Deposit Kiosk with voice guided system, Cheque deposit kiosk etc Domestic ATM Network 974/2381 445/606 11/16 829/1814 2/2 8,533 9,251 10,308 Domestic Branches/ ATMs 5931/ 10,308 FY 15 FY 16 As on Nov 30, 2016 9
1 STRONG BRAND RECOGNITION & PAN INDIA PRESENCE (2/2) Branch Foothold In Rural And Semi-Urban Areas 19% 18% 17% 32% FY 15 FY 16 20% 32% 19% 20% As on Nov 30, 2016 29% 31% 31% 32% Customer Base Rural Semi-Urban Urban Metro Our extensive branch network allows us to provide banking services to different types of customers across India We offer a full range of banking products and services including short-term and long-term deposits, secured and unsecured loans, internet banking, credit cards, life insurance, merchant banking, agricultural banking products and project finance loans Specialized Branches Focusing On Niche Areas In Mn SME Branches 166 72 66 FY 15 FY 16 As on Nov 30, 2016 76 Prime Corporate Branches 12 Mid-corporate Branches 26 Asset Recovery Management Branches 21 Others 62 Total 287 As on Nov 30, 2016 10
2 EFFICIENT USE OF DIGITAL TECHNOLOGY (1/2) E-Transactions As A % Of Total Transactions Mobile Banking Customers 59.3% In lakhs 54.2% 39 40 50.2% 22 FY 15 FY 16 H1 FY 17 Bank s emphasis on promoting digital technology has led to significant increase in the number of e-transactions Internet Banking Customers Debit & Credit Cards Customers In lakhs 24 26 In lakhs 256 322 343 15 Credit and debit cards (global & domestic) issued in association with VISA, Master Card and NPCI (only for debit cards) Established network of 4,167 merchants and 10,309 ATMs as of November 30, 2016 11
2 EFFICIENT USE OF DIGITAL TECHNOLOGY (2/2) Technology Driven Bank - Key Technology Initiatives Mobile Based Solutions Canara Swipe (Missed call solutions in single app) empower (Bank s UPI App) Canara Cart (Umbrella app - all mobile based apps) Canara mserve (Blocking/Unblocking of cards & other services) Canara e-infobook (e-passbook) & Canara m-wallet SMS Solutions (Balance enquiry etc) Digital Solutions Canara easycash (cash withdrawal facility for migrant population) ekyc for Biometric, Aadhaar based KYC Biometric access for lockers Online application for SB accounts & PPF accounts Aadhaar number registration through online banking and ATMs Data Security Initiatives Data Centre in Bangalore Disaster Recovery Centre in Mumbai to prevent and reduce business interruption and data loss in case of disasters Near Site Disaster Recovery Centre in Bangalore to achieve near zero data loss Other Initiatives Canara Geo Locate (Mobile app for locating branch and ATMs) Green Pin (Generation of ATM Pin by customers themselves) Periodical conduct of Disaster Recovery drills to ensure readiness to face any untoward events 12
3 DIVERSIFIED CREDIT PORTFOLIO (1/2) Net Advances Net Advances Profile* Rs. Bn 3,303 54.4% 57.2% 58.1% 3,274 3,250 45.6% 42.8% 41.9% Corporate RAM Thrust On Growing Retail Book* Top 5 Industries Wise Gross Loan Portfolio* 27.4% 23.0% 20.9% 17.3% 16.4% 20.7% 17.2% 17.3% 13.6% 38.3% 42.6% 45.4% 2.4% 2.6% 2.7% 2.6% 3.0% 3.1% 4.1% 4.2% 4.2% 5.7% 6.0% 6.6% 20.7% 17.3% 16.4% Agriculture + MSME Retail Infrastructure Others * On a standalone basis Infrastructure Textile Engineering Basic Metal & Metal Products Food Processing 13
3 DIVERSIFIED CREDIT PORTFOLIO (2/2) Priority Sector Loans Priority Sector Loans Rs. Bn 49.3% 52.1% 12.8% 11.8% 11.8% 40.9% 37.4% 42.1% 41.2% 1,182 1,456 1,549 49.8% 46.2% 46.9% Total PSL Retail Advances Rs. Bn 12.8% 423 PSL as a % of Adjusted Net Bank Credit 16.7% 16.7% 541 545 Retail Advances Agriculture MSME Other Priority Sector 13.3% 12.5% 13.5% 24.9% 22.3% 23.2% 8.9% 8.0% 8.4% 52.8% 57.3% 54.9% Total Retail Loans Retail as a % of Total Loans We deliver retail products through our Retail Asset Hubs and retail lending marketing teams at major cities across India Housing Vehicle Personal Education 14
4 DIVERSIFIED SOURCES OF INCOME (1/2) Revenue From Different Business Segments Non Interest Income As A % Of Total Income * Rs. Bn Rs. Bn 126 228 204 155 122 128 79 95 65 46 49 9.4% 10.0% 34 14.0% Retail Banking Operations Wholesale Banking Operations Treasury Operations Non Interest Income * FY 15 FY 16 H1 F17 Non-Interest Income Non Interest Income as a % to Total Income Rs. Bn Fee Income Rs. Bn Other Income 18 9 9 8 10 20 6 5 12 11 8 4 10 7 6 11 6 2 Commission, Exchange & Brokerage Service Charges Total Fee Income * Standalone FY 15 FY16 H1 FY17 Treasury Income Exchange Transactions Income Recoveries in w/o a/cs 15
4 DIVERSIFIED SOURCES OF INCOME (2/2) Third Party Products Tie-ups Tie up with Canara HSBC OBC Life Insurance and Canara Robeco Asset Management Company for cross selling Tie up with United India Insurance to sell non-life insurance policies Corporate Agency agreement with Apollo Munich Health Insurance for marketing of health insurance products Corporate Agency agreement with Export Credit Guarantee Corporation for marketing of export policies Depository Participant Services Serving as a Depository Participant of National Securities Depository Limited since 1997 Network of 47 DP service centres spread across 33 locations in India as of November 30, 2016 Government Banking Handle various government business products like direct and indirect tax collections, salary and pension payments etc We market PPF scheme, pension accounts, e-transactions, e-payment of taxes and e-stamping business to improve government business Retail Selling of Government Securities We sell Government Securities on a retail basis through our branches Value G-Secs at market prices declared by FIMMDAI for securities held in HFT and AFS categories Agriculture Innovation Centre Agriculture Innovation Centre (AIC) is the first consultancy service centre for agriculture and related activities AIC facilitates modernization of agriculture activities and businesses and appraises agriculture based projects Since its establishment in 1988, AIC has appraised more than 1,670 projects with a project cost of Rs. 8,233 crores as of November 30, 2016 Food Credit One of the consortium members in extending food credit to Food Corporation of India We play a significant role in safeguarding the interest of farmers and financing food credit through FCI 16
5 EFFICIENT ASSET LIABILITY MANAGEMENT Deposits Deposit Profile Reducing Reliance On Bulk Deposits Rs. Bn 4,737 4,797 4,843 6.2% 6.0% 6.8% 1.8% 8.3% 4.7% 27.6% 25.5% 31.7% 29.9% 35.9% 38.7% 24.0% 25.8% 27.2% FY15 FY16 H1FY17 CASA Deposits CASA Retail TD Bulk TD CD Overseas TD Post demonetization CASA stands at 32.1% as of December 31, 2016 Liquidity Coverage Ratio Rs. Bn 1,317 Financial Year Minimum Requirement Maintained by Bank 1,235 CY 2015 60% 1,135 FY 2015-16 CY 2016 70% 84.92% H1 FY 2016-17 CY 2016 70% 99.74% 17
6 EXPERIENCED AND PROFESSIONAL MANAGEMENT TEAM BACKED BY GOI T N Manoharan, Chairman Around two decades of experience in the banking industry Chairman of the Committee on Education and Centre for Excellence of South Asian Federation of Accountants for the year 2004 Conferred with the Padma Shri by the President of India in 2010 Uma Shankar, RBI Nominee Director Chief General Manager, Department of Currency Management, RBI Acted as the Regional Director of RBI, Bangalore Served on the boards of Corporation Bank and UCO Bank Dina Bandhu Mohapatra, Executive Director Has over 31 years of experience in various areas of banking Was the head of Hong Kong and Singapore branches of the Bank of India Harideesh Kumar B, Executive Director Over 38 years of experience working in banks across the country Was in charge of Vijaya Bank s regional offices at Chandigarh, Bangalore and Delhi Was the General Manager of Vijaya Bank s Delhi region Suchindra Misra, Government Nominee Director Joint Secretary at the Department of Financial Services, Ministry of Finance Holds a Bachelor s degree in Science and a Postgraduate Diploma in Business Management in Marketing and Finance P V Bharathi, Executive Director Over 30 years of banking experience Certified associate of the Indian Institute of Bankers Member of the Board of Directors of Canbank Venture Capital Ltd., Can Fin Homes Ltd., Canara HSBC OBC Life Insurance Co Ltd. Krishnamurthy H, Shareholder Director Chief Research Scientist at the Indian Institute of Science, Bengaluru Holds a Masters degree in Engineering Keen interest in banking technologies Rakesh Sharma, MD & CEO Over 30 years of experience in the Banking industry Was associated with SBI as Chief General Manager and was the head of mid-corporate accounts in the Andhra Pradesh region Held the post of MD & CEO of Lakshmi Vilas Bank Venkatachalam Ramakrishna Iyer, Shareholder Director Retired Deputy Managing Director of State Bank of India Nominee Director of SBI in Usha Martin Limited, Kolkata Was the Nominee Director on the board of SBI General Insurance Company Limited and SBI Global Factors Private Limited Mahadev Nagendra Rao, Shareholder Director Retired Deputy Managing Director of the State Bank of India Worked as the MD & CEO of SBI Life Insurance Company Limited Independent director of IDBI Federal Life Insurance Company Capital Infusion By Government Of India Rs. Bn Infusion Price (Rs.) 5.0 5.7 9.5 FY 14 FY 15 FY 16 273.84 408.95 340.72 18
AGENDA 1 CANARA BANK OVERVIEW 2 KEY INVESTMENT HIGHLIGHTS 3 ASSET QUALITY 4 GROWTH STRATEGIES 19
ASSET QUALITY OVERVIEW (1/2) GNPA & NNPA Cash Recoveries Rs. Bn 9.4% 9.8% 60 48 6.4% 6.7% 3.9% 2.7% GNPA NNPA Outstanding Restructured Asset Portfolio We have taken several initiatives to contain slippages and increase recoveries as mentioned below: Identification of stressed a/cs for restructuring in time One Time Settlement sessions Regular follow-up of overdues in loan a/cs E-auction for the sale of seized assets and stringent recovery measures against willful defaulters Sector Wise Restructured Assets 20 Rs. Bn 284 8.5% 232 234 6.9% 6.9% 3.2% 2.0% 1.8% 89.8% 89.2% 90.0% Restructured assets Restructured assets as a % of gross advances 7.0% 8.8% 8.2% Agri + MSME Large Advances Others Others includes restructured Housing Loans also 20
ASSET QUALITY OVERVIEW (2/2) Sector Wise NPA Slippages As A % To Total Slippages Stabilizing Slippages Ratio Fiscal Year Total Slippages (in Rs. bn) FY 15 108.7 FY 16 247.2 9M FY17 85.5 7% 17% 18% 25% 27% 4% 38% FY 15 FY 16 9M FY17 21% 37% Large Industries Agri + MSME Medium Industries Others 58% 5% 44% Sector Wise NPA Outstanding As A % To Total NPA Fiscal Year Total NPA outstanding (in Rs. bn) FY 15 130.4 FY 16 316.4 9M FY17 343.4 15% 17% 6% 5% 45% 22% 34% 57% 17% 4% FY 15 FY 16 9M FY17 Large Industries Agri + MSME Medium Industries Others 24% 55% 21
AGENDA 1 CANARA BANK OVERVIEW 2 KEY INVESTMENT HIGHLIGHTS 3 ASSET QUALITY 4 GROWTH STRATEGIES 22
FUTURE GROWTH STRATEGIES 8 Divestment In Non-Core Business 1 Geographical Presence Focus on divestment in non-core businesses Bank has proposed to divest 13.45% stake in Can Fin Homes and entire 70% stake in Canbank Factors Leverage domestic links for international expansion Leverage Lead Bank status and brand recall to expand domestic presence 7 Capital Efficiency & Profit Maximization 2 Asset Quality & Cash Recoveries Implement robust risk management architecture and sound risk management systems Deloitte to assist in the implementation of an Enterprise-wide Integrated Risk Management Framework Mission Samadhan: Conduct recovery meets/ Adalats/ Mega Adalats 4 levels of control mechanism starting branch, RO, Circle Office to HO Separate division for Asset recovery branches 6 Technology Driven Approach 3 CASA Deposits & Credit Portfolio Leverage on technology to maximise efficiency in operations Focus on transforming the Bank into a knowledge based, customer-centric bank Increased focus on marketing campaigns to increase CASA to reduce cost of funds Increased focus on retail loan portfolio in agriculture, MSME, Housing and Vehicle 5 Branch Transformation 4 Fee Based Income Implemented Project Shikhar with the aim of making the Bank more Responsive, Accessible, Convenient and Energized Branches are given different star ratings based on ATM hits, CASA %, Fee income growth, e- transactions etc Increase fee income by introducing new products and cross sell offerings Focus on bancassurance, cross-selling of mutual fund products, loan syndication among others 23
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ANNEXURES
CONSOLIDATED FINANCIALS Balance Sheet Summary In Rs. million FY15 FY16 H1 FY17 Cash & Balances with RBI 219,768 206,650 205,351 Balances with Bank & Money at Call & Short Notice 266,708 360,787 428,609 Investments 1,521,217 1,524,698 1,522,588 Advances 3,302,939 3,249,924 3,274,351 Fixed Assets 69,699 72,058 7,1745 Other Assets 205,244 223,132 235,463 Total Assets 5,585,575 5,637,249 5,738,108 Paid-up Capital 4,752 5,429 5,429 Reserves & Surplus 320,165 318,667 324,821 Deposits 4,737,249 4,797,489 4,843,383 Borrowings 25,7628 269,634 255,868 Other Liabilities and Provisions 261,994 241,537 303,989 Total Liabilities 5,585,575 5,637,249 5,738,108 26
CONSOLIDATED FINANCIALS Profit & Loss Account Summary In Rs. million FY15 FY16 H1 FY17 Interest Earned 438,134 44,039 206,363 Interest Expended 341,331 342,629 188,693 Net Interest Income 96,802 97,765 17,670 Other Income 47,334 51,313 34,477 Operating Income 144,137 149,078 52,147 Operating Expenses 72,660 75,919 41,897 Operating Profit 29,310 (25,351) 40,250 Net Profit 28,647 (26,070) 7,126 Key Ratios FY15 FY16 H1 FY17 Earnings Per Share (Basic) 62.1 (46.7) 13.1 Earnings Per Share (Diluted) 62.1 (46.7) 13.1 Return on Net Worth 10.6% (9.7)% 5.2% Return on Assets 0.6% (0.5)% 0.3% Net Asset Value Per Share (in Rs.) 584 510 501 CRAR 10.6% 11.1% 12.2% Tier 1 Ratio 8.0% 8.8% 8.9% 27