Canara Bank Announced Q1FY23 Result : Global Business surpassed 19,00,000 crore Operating Profit up by 20.53% YoY Net Profit up by 71.79% YoY Net Profit stood at Rs 2022 Cr against Net Profit of Rs 1177 Cr for June-2021 Operating Profit stood at Rs.6606 Cr and grew by 20.53% Non-Interest Income grew by 24.55% Fee based income grew by 17.95% Cost to Income Ratio declined by 210 bps Global Business grew by 11.45% Gross Advances grew by 14.47% Agricultural & Allied Credit grew by 18.42% Retail Credit grew by 11.56% with Housing loan at 16.03% RAM Credit grew by 14.85%, it constitutes 56% of Total Advances Gold Loan grew by 26.20%, it crossed Rs 100000 Cr milestone CASA Deposits increased by 8.76% Retail term deposit grew by 6.15% Gross NPA Ratio down by 152 bps Net NPA Ratio down by 98 bps Provision Coverage Ratio (PCR) at 84.51% improved by 333 bps CRAR stood at 14.91% as at June 2022. Out of which Tier-I is 12.13% and Tier-II is 2.78% Return on Assets improved to 0.65% for Q1FY23 against 0.41% for Q1FY22 Return on Equity improved to 16.33% for Q1FY23 against 11.53% for Q1FY22 Result PDF