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Published on 6/08/2020 11:28:49 AM | Source: Angel Broking Ltd

Quote on CANARA Bank Q1FY21 result by Mr. Jaikishan Parmar, Angel Broking

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Below is the Quote on CANARA Bank Q1FY21 result by Mr. Jaikishan Parmar, Sr. Equity Research Analyst, Angel Broking Ltd

“Canara Bank reported a mixed set of numbers, advance grew 3.3% YoY sequentially marginally declined. PAT at Rs.406cr vs loss of Rs.605cr for the same quarter previous years. Moratorium Book at 22%. NIM at 2.84% which improved YoY and QoQ, CASA increased 240bps to 33.8%, Deposit grew 4.56% YoY, and marginally improved QoQ. Key monitorable for Canara bank would be moratorium number at the end of Aug, and when the return on equity improves.”

 

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