December We wish all our NRI customers Season s Greetings!

Transcription

1 December 2015 Vol No: 12/2015 We wish all our NRI customers Season s Greetings! Major Highlights Financial Results Q2FY16 (Sept 2015) Total Business at 8.08 lakh crore Net Profit for Q2 at 529 crore Net profit for Q2FY16 at Rs.529 crore, up by 10.44% sequentially. Gross profit for Q2FY16 at Rs.1944 crore, up by 19.54% y.o.y Total Business at Rs.8.08 lakh crore, up by 4.69% y.o.y. Total Deposits at Rs.4.85 lakh crore, up by 5.21% y.o.y. CASA deposits grew by 11.51% y.o.y to Rs.1.16 lakh crore and CASA ratio (domestic) improved to 25.49% y.o.y from 23.71% last year. Advances (net) at Rs.3.23 lakh crore, up by 3.93% y.o.y.

2 Return on Assets (RoA) increased to 0.39% from 0.36% as at June 2015 and 0.51% as at September Return on Equity (RoE) improved to 7.14% from 7.01% as at June 2015 and 11.78% as at September Cost-income ratio down to 47.27% from 50.03% last year branches and 9132 ATMs as at September Enhanced E-transactions to 53.73% from 44.99% last year. Profits and Profitability Q2 FY16 Operating Profit for the quarter was at 1944 crore, up by 19.54% y-o-y. Net profit for Q2FY16 stood at 529 crore compared to 479 crore as at Q1FY16 and 627 crore last year. Book Value rose to compared to as at September Business Performance Global Business of the Bank rose to crore compared to crore as at September 2014, with a y-o-y growth of 4.69%. Global Deposits of the Bank increased to crore compared to crore as at September 2014, with a growth of 5.21%. Global Advances (Net) reached a level of crore compared to crore as at September 2014, with a growth of 3.93%. Overseas business constituted 6.73% of the total business. Total business of the 7 foreign branches increased to crore from crore last year. Page 3 of 5 CASA deposits to domestic deposits increased to 25.49% compared to 23.71% last year. The Bank s CASA deposits increased to crore as at September 2015 compared to crore as at September 2014, with a growth 11.51%. Clientele base increased to 6.96 crore, comprising 6.19 crore under deposit and lakh under borrowal accounts. About 94 lakh clientele added during the year. Business per Employee was at crore and Business per Branch was at crore.

3 Customer Friendly New Products/ InfoTech Initiatives Enquiry portal for Social Security Schemes released. Jeevan Praman (digital life certificate for pensioners) functionality has been implemented, making it easy for pensioners. Auto SMS/ facility enabled for the customers who opened the accounts on daily basis, informing how to enroll for Net Banking. Enhanced Delivery Channels As at September 2015, the number of branches increased to 5734, including 7 foreign branches. Number of ATMs increased to Besides, the Bank has 147 elounges. The Bank s debit card base rose to 2.88 crore and e-transactions increased to 53.73% from 44.99% last year. Awards and Accolades In recognition of the varied initiatives, the Bank was conferred with the following awards received during second quarter of FY16. Global Visa Service Quality Performance Award, 2014, for consistent and superior operating performance. Dun & Bradstreet Banking Awards 2015 for Best Bank under Priority Sector Lending and Best Retail Growth performer amongst the PSBs. National Awards for Excellence in CSR & Sustainability, 2015, constituted by World CSR Congress under Best Overall Excellence in CSR category. Best Bank Award for implementation of RSETIs for the year by the Ministry of Rural Development, Govt. of India on 'RSETI Diwas'. Best Banker Award instituted by Elets Technomedia under "Financial Inclusion" for special focus on Micro Finance & Financial Literacy. Pandit Madan Mohan Malaviya Gold Award for the project Canara Sahara, a CSR activity in education and rehabilitation of physically challenged. 2nd Prize in Region C under Rajbhasha Kirti Pursakar, Awarded 36th rank in Brandz India's 50 Most Valuable Indian Brands 2015 compiled by the research agency Millward Brown and commissioned by WPP Plc, a worldwide communications service group.

4 has been awarded INDIA S MOST TRUSTED BRAND, 2015 under India s Best Bank s Category Based on one of the most authentic brand survey by consumers, conducted in India by IBC Infomedia (International Brand Consulting and research company) & Media Research Group (MRG), among more than 2000 short listed brands related to various categories, Canara Bank has emerged as the most trusted brand outwitting competition from peer public sector Banks.

5 FACILITIES PROVIDED TO INTERNET BANKING RETAIL CUSTOMERS The following facilities have been enabled in our website: for Net Banking Demo click on following link: for Retail Net Banking customers to enhance customer convenience: 1. User Creation 2. Reset 3. Unlock 4. Activation 5. Generation of Transaction Password REGISTRATION FOR STATEMENT OF ACCOUNT THROUGH FOR NET BANKING CUSTOMERS Please follow the following steps: 1. Login to Net Banking. 2. Under ACCOUNTS click on Subscribe account statement. 3. Select the account number, Frequency & Start date. 4. Accept the Terms and conditions by selecting Yes. 5. Click on Register and confirm. Your account statement will be sent to you through your registered id on regular basis depending on the frequency type selected. PLEASE ENSURE THAT YOUR ID IS REGISTERED WITH YOUR BRANCH

6 FLASH REMIT: Facility for expatriates in UAE to remit money to their beneficiaries accounts maintained at Branches through UAE Exchange Centre Instant account credit facility 24x7x365 days Senders can remit money from any of the UAE exchange outlets in UAE No deduction of charges from the proceeds received SMS ALERTS on registered mobile number

7 EXCLUSIVE HOUSING LOAN SCHEME FOR NON-RESIDENT INDIANS To cater to specific needs of NRIs for Housing Loans, a separate NRI Housing Loan Scheme is introduced. Loan shall be considered for: a. Purchase of a ready built house / flat b. Construction of house c. Purchase of a site and construction of a house thereon. However, loan for the purchase of only site shall not be considered. d. For undertaking repairs, renovation, up gradation, creation of additional amenities, subject to the satisfaction of the Bank and monetary ceiling of Rs.15 lakhs. e. For taking over of the HL liability from other public sector banks/private sector banks and NBFCs rated externally as A and above. f. For acquiring second house / flat where the borrower is already having a house / flat with or without loan. g. Loans for purchase of flats under construction can be considered subject to borrower furnishing collateral security by way of mortgage of alternate property or pledge/assignment of approved securities equal to loan amount or furnishing guarantee from a guarantor who is good for the amount of loan and is acceptable to Bank. (for further details please visit:

8 NRIs can avail benefits under the DTAA by timely submission of documents listed below to the deductor: 1. Tax Residency Certificate (TRC) certifying his/her residence abroad. 2. Xerox Copy of the PAN card of the Non Resident customer. 3. Request letter from the NRI customer 4.Self Declared Form 10F (download from the following link): For DTAA rates of various countries click on following link: df For various Investment Facilities/Insurance/Mutual Fund Schemes click on the following links: LIFE INSURANCE: HEALTH INSURANCE: GENERAL INSURANCE: INVESTMENT FACILITIES FOR NRIs: MUTUAL FUNDS: DEPOSITORY SERVICES:

9 SUBSCRIPTION TO NATIONAL PENSION SYSTEM (NPS) BY NON-RESIDENT INDIANS (NRIs) Reserve Bank of India has permitted Non-Resident Indians (NRIs) to subscribe to the National Pension System governed and administered by the Pension Fund Regulatory and Development Authority (PFRDA). NRIs may subscribe to the NPS governed and administered by the Pension Fund Regulatory and Development Authority (PFRDA), provided such subscriptions are made through normal banking channels and the person is eligible to invest as per the provisions of the PFRDA Act. The subscription amounts shall be paid by the NRIs either by inward remittance through normal banking channels or out of funds held in their NRE/FCNR/NRO account. There shall be no restriction on repatriation of the annuity/ accumulated savings.

10 NRI SERVICE CENTERS CONTACT DETAILS NRI Service Centers would play a supplementary role to the branches in NRI customer care, relationship management. Acting as second point of contact for NRI customers after branches, following up with concerned Section/Department/branches to attend to customer requirements. For any information/clarification/grievance on matters connected with NRIs, please contact our BRANCHES spread across the country: NRIs may also contact the following NRI Service Centers/Offices. NRI SERVICE CENTERS AHMEDABAD BENGALURU CALICUT NRI Service Center, Circle Office, Ground Floor, Narayan Chamber, Near Nehru Bridge, Ashram Road, AHMEDABAD STATE: GUJRAT, INDIA / E MAIL ID : nricoahd@canarabank.com; NRI Service Center, MIPD Section, Circle Office, 86, M G Road, Spencer Towers, BENGALURU STATE : KARNATAKA, INDIA / E MAIL ID : blrmipd@canarabank.com; NRI Service Center, Circle Office, Tali Sammoham Road, CALICUT STATE : KERALA INDIA / ID : mipdcoclt@canarabank.com

11 CHANDIGARH NRI Service Center, Circle Office, Plot No: 1,Sector 34A, CHANDIGARH / ID : mipdcochd@canarabank.com CHENNAI NRI Service Center, MIPD Section, Circle Office, No: 524 Anna Salai, Teynampet, CHENNAI STATE : TAMILNADU, INDIA / / ID : mipdcochn@canarabank.com NRI Service Center, MIPD&PP Section, Circle Office, 9th floor, 38, Ansal tower, Nehru Place, NEW DELHI ID : mipdcodel@canarabank.com NRI Service Center, Circle Office, Pukalakkattu Lakshmi Bai Towers, TD Road North End, ERNAKULAM STATE : KERALA, INDIA Mob: ID : nricoekm@canarabank.com NRI Service Center:,MIPD & PP Section, Circle Office, First Floor, Mathias Plaza, 18th June Road, PANAJI, GOA / ID : mipdcogoa@canarabank.com NRI Service Center: Circle Office, Opp. Old MLA Quarters, Himayathnagar, HYDERABAD STATE : TELANGANA, INDIA ID : cohydgovt@canarabank.com DELHI ERNAKULAM PANAJI HYDERABAD JAIPUR NRI Service Center, MIPD Section, Circle Office, 1, Orbit Mall, Civil Lines, Ajmer Road, JAIPUR STATE : RAJASTHAN, INDIA / ID : mipdcojpr@canarabank.com

12 JALANDHAR MADURAI MANGALURU MUMBAI MYSURU PATNA PUNE NRI Service Center, Circle Office, , Lajpat Nagar, Shakti Mall, JALANDHAR STATE : PUNJAB, INDIA / / ID : mipdcojlndr@canarabank.com NRI Service Center, MIPD&PP Section, Circle Office, St. Mary's Campus, East Veli Street, MADURAI STATE : TAMILNADU, INDIA / ID : nricellcomdu@canarabank.com NRI Service Center, Circle Office, MIPD & PP Section, Light House Hill,Balmatta Road, MANGALURU STATE : KANATAKA INDIA / / ID : mipdcomlr@canarabank.com NRI Service Center, Circle Office, Building, B Wing, 3rd Floor, C-14,G-Block, Bandra-Kurla Complex, Bandra East, MUMBAI STATE : MAHARASHTRA, INDIA / ID : depmipdcomcity@canarabank.com NRI Service Centre, MIPD&PP Section, Circle Office, Guest House Road, Nazarbad, MYSURU STATE : KARNATAKA INDIA / / ID : mysmipd@canarabank.com NRI Service Centre, Circle Office, IIIrd Floor, Luv Kush Tower, Exhibition Road, PATNA STATE : BIHAR, INDIA / / ID : mipdcopat@canarabank.com NRI Service Center, Circle Office, F.P 790 (PART), Shivaji Road, Near Manala Theatre, Shivaji Nagar, PUNE STATE : MAHARASHTRA, INDIA / / ID : mipdcopne@canarabank.com

13 TRICHY NRI Service Centre, Circle Office, NO.1, MUTHIAH TOWERS ROYAL ROAD CANTONMENT TRICHY STATE : TAMILNADU, INDIA / ID : mipdcotci@canarabank.com TRIVANDRUM NRI Service Center, Circle Office, TC26/173 (I), II Floor, Building, M G Road, TRIVANDRUM STATE : KERALA, INDIA / ID : nricotvm@canarabank.com VARANASI NRI Service Centre, Circle Office, 3rd floor, Varanasi Trade Centre, Maqbool Alam Road, VARANASI STATE : UTTAR PRADESH, INDIA / ID : mipdcovrnsi@canarabank.com CENTRALISED NRI HUB, BENGALURU NRI & MI (Forex) Division, MUMBAI Marketing & Retail Resources Wing, Head office (Annex),3rd Floor, 113/1, JEEVAN PRAKASH BLDG, J C Road, BENGALURU STATE:KARNATAKA,INDIA Phone: nrihub@canarabank.com Integrated Treasury Wing, 6th floor, Building, C-14,G-Block, Bandra -Kurla Complex, MUMBAI STATE: MAHARASHTRA,INDIA Phone: nriserviceidmum@canarabank.com FOR ACCOUNT BALANCE ENQUIRY PLEASE CONTACT BASE BRANCH OPTED

14 We are furnishing below the most competitive Interest Rates offered by us on various Non-resident Deposit Schemes, where you can securely invest your funds with your own Bank. FOREIGN CURRENCY NON RESIDENT (FCNR) DEPOSIT RATES (% p.a.)* (Effective ) CURRENCY OF DEPOSITS PERIOD OF DEPOSIT USD GBP EUR CAD AUD 1 year & above but less than 2 years years & above but less than 3 years years & above but less than 4 years years & above but less than 5 years years only Non Resident External (NRE) Term Deposit rates* (Effective ) RATE OF INTEREST (% PA) Period of Deposit Less than Rs.1.00 Crore Rs.1.00 Crore & above 1 Year only Above 1 Year to less than 2 Years** 2 Years & above to less than 3 Years 3 Years & above to 5 Years 5 Years & above to 8 Years Years & above to 10 Years **444 Days/555 Days (Canara Shikhar)

15 Non Resident Ordinary (NRO) Term Deposit rates* (Effective ) RATE OF INTEREST (% PA) Period of Deposit Less than Rs.1.00 Crore Rs.1.00 Crore & above 7 Days to 14 Days # Days to 30 Days Days to 45 Days Days to 60 Days Days to 90 Days Days to 120 Days Days to 179 Days Days to 269 Days Days to less than 1 Year Year only Above 1 Year to less than 2 Years** 2 Years & above to less than 3 Years 3 Years & above to less than 5 Years 5 Years & above to less than 8 years Years & above to 10 years 7.50 **444 Days/555 Days (Canara Shikhar) # Rates are applicable only for single deposit of Rs.5.00 lakh & above * The rates mentioned are subject to change from time to time. Please verify the latest rates in our Website (Link): does not seek any information on its own through . Do not click on any link which has come through from an unexpected source. It may contain malicious code or could be an attempt to 'Phish'. Please note that bank would never ask you to verify your account information through an /phone/by any other communication.

16 EXCHANGE RATES FOR MAJOR CURRENCIES: CURRENCY Exchange Rate(INR) USD GBP EUR CAD AUD Bahraini Dinars UAE Dirham Saudi Riyals Omani Riyals Qatari Riyals South African Rand (ZAR) 4.59 (TT buying rates as on 30th Nov 2015) RATES ARE IN RUPEES FOR ONE UNIT OF FOREIGN CURRENCY Please look for our next News Bulletin for further more information to make your banking experience easy and enjoyable. Your valuable feedback and suggestions are always welcome! ( ) Disclaimer clause: The contents of this news bulletin are based on information received from various sources and while compiling every effort has been made to ensure that the information is accurate and authentic. does not accept any responsibility for interpretation of various rules or any errors / omissions in the news bulletin.