Latest news with #BaselIII-compliant
Business Standard
a day ago
- Business
- Business Standard
Canara Bank to raise Rs 9,500 cr through Tier I and Tier II bonds
Canara Bank said its board has approved a capital raising plan of up to Rs 9,500 crore for FY25-26 through the issuance of Basel III-compliant debt instruments. The fundraising will comprise Rs 6,000 crore via Tier II bonds and Rs 3,500 crore through Additional Tier I (AT1) bonds. The issuances will be subject to market conditions and requisite regulatory approvals. Canara Bank is an India public sector bank. As on 31st March 2025, the Bank has 9,849 Number of Branches, out of which 3,139 are Rural, 2,900 Semi Urban, 1,944 Urban & 1,866 Metro along with 9,579 ATMs. Bank is also having 4 overseas branches in London, New York, Dubai & IBU Gift City. The bank's standalone net profit climbed 33.15% to Rs 5,002.66 crore on 9.78% increase in total income to Rs 37,352.80 crore in Q4 FY25 over Q4 FY24. Shares of Canara Bank shed 0.04% to Rs 111.65 on the BSE.
Time of India
a day ago
- Business
- Time of India
Canara Bank shares in focus as board approves Rs 9,500 crore fundraise for FY26
Canara Bank shares will be in focus on Friday after the lender said its board has approved a capital-raising plan of up to Rs 9,500 crore for FY26 through the issuance of debt instruments. In a stock exchange filing, the bank said, 'The Board of Directors of the Bank, in its meeting held on 12/06/2025, has approved the Capital Raising Plan for the financial year 2025-26 amounting up to Rs 9,500 crore by way of Debt Instruments (Additional Tier I / Tier II Bonds ).' Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Seniors Are Snapping Up This TV Box, We Explain! Techno Mag Learn More Undo by Taboola by Taboola The fundraising will be done via Basel III-compliant bonds , comprising Rs 6,000 crore in Tier II bonds and Rs 3,500 crore in Additional Tier I (AT1) bonds, subject to market conditions and regulatory approvals. Also Read: SBI, Bank of Baroda among 10 banks that saw NPA decline in Q4 Q4 earnings highlights Canara Bank reported a 33% year-on-year (YoY) jump in net profit to Rs 5,002.7 crore in Q4, compared to Rs 3,757 crore in the same quarter last year. Net interest income (NII) rose marginally by 1.4% YoY to Rs 9,442 crore. Live Events The bank's NII and operating profit were ahead of estimates. Asset quality also improved, with the gross NPA ratio declining to 2.94% from 3.34% in the previous quarter. Net NPA fell to 0.70% from 0.89%. The provision coverage ratio (PCR) rose to 92.70% from 91.26% in Q3FY25. However, slippages increased to Rs 2,702 crore from Rs 2,464 crore in the previous quarter, and slightly exceeded market estimates of Rs 2,650 crore. Also Read: JSW Steel, Aurobindo Pharma among 6 large & midcap firms with promoter pledge decline in Q4 Stock performance According to Trendlyne, the average target price for Canara Bank stands at Rs 113, implying a potential downside of about 2% from current levels. Of the 17 analysts tracking the stock, most have a 'Buy' rating. The stock has rallied 15% in the past month and 40% over the last three months. Canara Bank currently has a market capitalisation of Rs 1,04,947 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
2 days ago
- Business
- Business Standard
Canara Bank to raise up to ₹9,500 crore capital through bond issuance
Canara Bank's Board of Directors, at its meeting held on 12 June 2025, approved a capital raising plan for the financial year 2025–26, amounting to up to ₹9,500 crore. The capital will be raised through the issuance of debt instruments, specifically Basel III-compliant Additional Tier I (AT1) and Tier II bonds. The initiative is aimed at strengthening the bank's capital adequacy, supporting future business growth and ensuring compliance with Basel III norms. As part of the plan, the bank will raise up to ₹3,500 crore through AT1 bonds during the financial year, subject to market conditions and necessary approvals. AT1 bonds are unsecured, perpetual debt instruments issued by banks under the Basel III framework. These bonds carry no fixed maturity and offer higher yields, with provisions allowing coupon payment cancellation and principal write-down or conversion into equity if the bank's capital falls below a set threshold. In addition, the bank will raise up to ₹6,000 crore through the issuance of Basel III-compliant Tier II bonds, also subject to market conditions and regulatory approvals. Tier II bonds are debt instruments with a minimum maturity of five years and are used to enhance a bank's total capital. Unlike AT1 bonds, Tier II bonds do not allow interest deferral if the bank remains solvent and profitable. Basel III is a global regulatory framework developed by the Basel Committee on Banking Supervision following the 2008 financial crisis. It mandates that banks maintain a minimum Common Equity Tier 1 (CET1) capital ratio of 4.5 per cent of risk-weighted assets (RWAs), with total Tier 1 capital (CET1 + AT1) at a minimum of 6 per cent and total capital (Tier 1 + Tier 2) at a minimum of 8 per cent.
The Hindu
07-05-2025
- Business
- The Hindu
Punjab National Bank's Q4 profit surges 52% to ₹4,567 crore
State-owned Punjab National Bank (PNB) on Wednesday (May 7, 2025) reported 52% rise in net profit at ₹4,567 crore for March quarter in the 2025 financial year. The lender had earned a net profit of ₹3,010 crore in the year-ago period. 'During the quarter, the bank's total income increased to ₹36,705 crore from ₹32,361 crore a year ago,' PNB said in a regulatory filing. Interest income grew to ₹31,989 crore from ₹28,113 crore in the fourth quarter of previous financial year. On the asset quality front, the bank's gross Non-Performing Assets (NPAs) moderated to 3.95% of gross advances as compared to 5.73% by the end of March 2024. Similarly, Net NPAs came down to 0.40% from 0.73%. The bank's capital adequacy ratio rose to 17.01% from 15.97% at the end of the 2024 financial year. For entire financial year 2024-25, the bank's profit doubled to ₹16,630 crore from ₹8,245 crore in the previous year. Total income rose to ₹1,38,070 crore from ₹1,20,285 crore. The bank's board has recommended a dividend of ₹2.90 per equity share of face value of ₹2 each for 2024-25 subject to approval of shareholders. 'The board also approved a proposal to raise up to ₹8,000 crore through issuance of Basel III-compliant Bonds (Additional Tier-I Bonds up to Rs 4,000 crore and Tier-II Bonds up to ₹4,000 crore), to be raised in one or more tranches during 2025-26,' it said.
Mint
07-05-2025
- Business
- Mint
PNB Q4 Results: Profit surges 51% YoY to ₹4,567 crore; PSU firm declares dividend, fundraising plans
PNB Q4 Results: Public sector bank Punjab National Bank (PNB) on Wednesday, May 7, announced a 51.7% year-on-year (YoY) rise in its standalone net profit for the fourth quarter of the financial year 2024-25 (Q4 FY25). The profit came in at ₹ 4,567 crore in the March 2025 quarter as against ₹ 3,010.27 crore in the corresponding quarter last year. On a quarter-on-quarter (QoQ) basis, the profit increased by 1.3% from ₹ 4,508.21 crore posted in Q3 FY25. The net interest income (NII), difference between interest earned and expended, rose 3.8% YoY to ₹ 10,756.98 crore from ₹ 10,363.11 crore in the same period a year-ago. However, it declined 2.55% QoQ from ₹ 11,032.25 crore posted in the December 2024 quarter. Net interest margin (NIM) stood at 2.81% in Q4 FY25 and 2.93% for FY25. The operating profit in Q4 FY25 stood at ₹ 6,776 crore and at ₹ 26,831 crore for FY225, recording a growth of 5.6% and 7.6%, respectively on YoY basis. Gross non-performing assets (GNPA) declined by ₹ 12,261 crore to ₹ 44,082 crore in the March quarter from ₹ 56,343 crore as on March 2024. Net NPA declined by ₹ 2,508 crore on a YoY basis to ₹ 4,291 crore during the quarter under review. The GNPA ratio improved by 178 bps on a YoY basis to 3.95% as on March 2025 from 5.73% as on March 2024. Meanwhile, the NNPA ratio improved by 33 bps on a YoY basis to 0.40% as of the March 2025 quarter from 0.73% as of the March 2024 quarter. Global deposits jumped 14% YoY to ₹ 15,66,623 crore during the quarter under review. The figure stood at ₹ 13,69,713 crore as on March 2024. Global advances, meanwhile, saw an increase of 13.56% YoY to ₹ 11,16,637 crore as on March 2025 from ₹ 9,83,325 crore as on March 2024. PNB, along with its Q4 results, declared a dividend to reward its shareholders. The PSU bank announced a dividend of ₹ 2.90 apiece. 'Recommended Dividend of Rs. 2.90 per equity share (145%) of face value of ₹ 2/- each for FY 2024-25, subject to approval of the shareholders at the ensuing Annual General Meeting of the Bank,' PNB said in a filing today. The company's board also considered and approved raising funds via Basel III-compliant bonds to the tune of ₹ 8,000 crore. '… Considered the proposal of raising of capital for an amount up to ₹ 8000 crore through issuance of Basel Ill compliant Bonds (Additional Tier-I Bonds up to ₹ 4000 crore and Tier- II Bonds up to ₹ 4000 crore), to be raised in one or more tranches during FY 2025-26,' PNB said. PNB share price dipped following the Q4 results announcement. After trading in the green for most of trade, PNB stock dipped and hit the day's low of 92.75, down 1.90%. As of 3.22 pm, PNB stock price was trading at 0.42% lower at ₹ 94.15.
