Canara Bank

- Canara Bank is planning fundraising actions involving subsidiaries: - Two subsidiaries are preparing for public issues (IPOs) as part of ongoing actions. - Credit card business is being shifted to a subsidiary, with a General Manager appointed recently to lead initiatives. - No explicit mention of new debt or equity fundraising at the parent bank level within the provided transcript. - The bank's capital expenditure is ongoing with a target of ₹1,000-1,200 crores annually, mostly operational rather than fundraising. - No direct indications of fresh large-scale capital or debt raise for the bank itself were shared in the discussed sections.

- Annual capital expenditure target is around ₹1,000 to ₹1,200 crores. - For the current year, approximately 80% of the planned capital expenditure transactions have been completed, with payments to be staggered. - Purchases and procurements have been conducted through the GEM portal. - Continuous heavy investment in capital expenditure over the last three years has led to an increase in annual maintenance charges and operating expenses. - Investments in digital technology and infrastructure continue to be a priority to support subsidiaries and improve internal controls. - Specific strategic investments include the opening of an International Banking Unit (IBU) in GIFT City, expected to be fully operational soon. - Subsidiary-focused initiatives include potential IPOs and shifting credit card business to a subsidiary, supported by technological upgrades and leadership strengthening. - The bank plans to rationalize branches and open around 275 new branches targeting CASA growth.

- Canara Bank expects steady growth in advances, with guidance of around 10.5%, potentially reaching about 12% growth. - Total business growth guidance is around 10%, with the bank already exceeding this target. - The bank is optimistic about improved business in the second half of the year compared to the second quarter. - Growth in core agricultural loans is gaining traction, aided by self-help group lending and rural infrastructure financing. - Digital banking initiatives and co-lending partnerships are expected to contribute positively to growth. - Retail term deposits are growing consistently at more than 3% quarter-on-quarter. - CASA growth is targeted to maintain existing levels with a focus on gradual improvement. - Capital expenditure of around ₹1,000 to ₹1,200 crore annually supports continued modernization and operational efficiency. Overall, Canara Bank projects a stable and slightly conservative growth path in sales, revenue, and volumes for FY25 and FY26.

- **Advances Growth**: Guidance to grow advances by about 12% in FY25 and FY26, with overall business growth above 10%. - **Operating Profit**: Current operating profit grew 10.3% YoY; expected steady growth driven by advances and RBI interest. - **Net Profit & EPS**: FY24 net profit showed a robust 42.81% YoY growth; positive outlook expected to sustain, supported by low slippages and improved asset quality. - **Margins**: Net interest margin maintained just above 3% (3.02%); margin pressure due to higher deposit costs expected to ease if liquidity improves. - **Cost Control**: Cost-income ratio maintained below 45%, expected to remain controlled with branch rationalization and operating expense management. - **Provisioning**: Adequate provisioning maintained, which supports stable profit outlook without surprises. - **Subsidiaries**: Positive progress in subsidiaries (Can Fin Homes, credit card business) expected to contribute to profits in coming years. - **Digital and Treasury Operations**: Investments in digital initiatives and steady treasury income also support earnings growth. Overall, earnings and operating profits are expected to grow steadily with a conservative but outperforming approach.

- The bank targets a capital expenditure of around ₹1,000 to ₹1,200 crores annually. - For the current year, approximately 80% of the transactions have been completed. - Payments for these orders may happen in a staggered manner. - Purchase orders have been issued through the GEM portal. - Continuous investment in capital expenditure over the past three years is ongoing. - This spending includes digital and technology initiatives to support subsidiaries and core banking functions.