Canara Bank Q4 PAT seen up 7% to Rs 964 cr

Net interest income is seen going up by 2.5% to Rs 2,019 crore from Rs 1,973 crore year-on-year.

Expectations

•          Management guidance for FY12 loan growth at 16% - 17%

•          NIMs likely to be stable QoQ

•          Decline in recoveries from written-off accounts would result in flat non interest income growth

•          Slippages likely to increase QoQ
**Slippages in Q3FY12 were at Rs 862 crore

•          Restructuring expected to increase due to high exposure to SEBs
**In Q3 restructuring was Rs 1560 crore
**Total restructured book at Rs 9550 crore (4.4% of total loans)
**Total restructured that slipped into NPA stands at 11%