Bank of India(BOI) invites investors’ ire as asset quality worsens

If there is an example of how merciless investors can be at times, the over 11% fall in Bank of India’s stock on Monday is proof enough. And why shouldn’t they be? The sixth largest lender by assets reported the third largest quarterly loss among public sector banks for the fourth quarter of fiscal year 2017.
Although its bad loan ratios show an improvement, asset quality has worsened in the March quarter. Gross bad loans were 13.22% of loan book, down marginally compared to the previous quarter and net bad loan ratio also fell to 6.9%.
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Bad loans of SBI’s associate banks weigh on fourth quarter results

State Bank of India’s (SBI’s) strong performance in the fourth quarter has failed to cheer investors because of the large stock of bad loans of its associate banks that the bank inherited after their merger with it.
Shares of SBI, India’s largest lender, closed at Rs294.40 each at close on BSE, 4.46% lower than their previous close.
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Quarterly Results of Banks for Q4 2017

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Bank of India(BOI) Q4 result,net loss narrows to Rs1,045.54 crore

Bank of India(BOI) on Monday said that it reported a net loss of Rs1,045.54 crore for the March quarter on the back of lower provisions and higher other income. The losses have narrowed down compared to last year when the loss reported was Rs3,587.11 crore for the same period.
According to 12 analysts of Bloomberg, the bank was expected to post a loss of Rs45.90 crore.
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Corporation Bank Q4 result, profit at Rs159.98 crore

Corporation Bank on Saturday said it posted a profit in March quarter against a loss last year same quarter due to lower provisions and higher other income.
Net profit for the quarter stood at Rs159.98 crore against a loss of Rs510.97 crore from a year ago. The bank got tax write-back of Rs53.44 crore against Rs724.32 crore last year. Provisions declined 51.64% to Rs948.01 crore from Rs1,960.21 crore on year on year basis.
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State Bank of India(SBI) Q4 result, profit rises 122.7% to Rs2,814 crore

Largest bank in India State Bank of India(SBI) on Friday said its net profit for the March quarter jumped 122.7% from a year ago due to higher net interest income and lower provisions.
Net profit for the quarter rose to Rs2,814.82 crore from Rs1,263.81 crore a year ago. According to estimates of 20 Bloomberg analysts, the bank expected to post a net profit of Rs2,791 crore.
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United Bank of India Q4 result, posts profit at Rs 74 cr

State-owned United Bank of India today reported a profit of Rs 73.56 crore for the quarter ended March as provision for bad loans declined. In contrast, the bank had reported a loss of Rs 413.04 crore in the same period a year ago.

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Bank of Baroda (BoB) Q4 result, posts profit of Rs 155 crore

State-run Bank of Baroda(BoB) on Thursday reported a profit of Rs154.72 crore for the March quarter as provisions for bad loans witnessed significant decline. The bank had reported a huge loss of Rs3,230.14 crore in the same period a year ago.
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Karur Vysya Bank Q4 result, net profit up by 58% to Rs 217 cr

Karur Vysya Bank (KVB) net profit rose by 57.65 per cent during the fourth quarter FY17 to Rs 217.56 crore as against Rs 138 crore in the corresponding period in the year-ago period.

Bank's operating profits increased by 55.30 per cent to Rs 507.06 crore as as against Rs 326.51 crore in the same quarter in FY16.

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IDBI Bank Q4 result, net loss widens to Rs3,199.76 crore

IDBI Bank Ltd on Thursday said its net loss for the March quarter widened from a year ago as bad loans mounted and provisions soared. This was the second consecutive quarter when the bank reported a loss.
Net loss for the quarter stood at Rs3,199.76 crore against Rs1,735.81 crore a year ago. However, losses were restricted due to a tax write-back of Rs1,620.02 crore in the quarter.
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Allahabad Bank Q4 result, posts profit of Rs111 crore

Public sector Allahabad Bank swung into the black, registering a net profit of Rs111.16 crore during the last quarter ended March 2017 as provisions for bad loans came down. The bank had posted a net loss of Rs581.13 crore during the corresponding quarter of preceding fiscal due to RBI’s prudential norms on asset classification requiring banks to provide for a higher coverage for bad loans.
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Indian Overseas Bank(IOB) Q4 result, loss at Rs646.66 crore

Indian Overseas Bank (IOB) Wednesday reported a net loss of Rs646.66 crore in the March quarter, its seventh consecutive loss-making quarter. The figure, though is less than Rs963.19 crore loss in the same quarter a year ago.

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Central Bank of India Q4 result, posts loss of Rs592 crore

State-owned Central Bank of India on Tuesday said that its net loss has been trimmed to Rs592 crore during the last quarter which ended on March 2017 on improved recovery, even though bad loans soared.
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Dhanlaxmi Bank Q4 result, posts profit of Rs9 crore

Private sector lender Dhanlaxmi Bank on Tuesday reported a profit of Rs9 crore for the March quarter of the last fiscal as it managed to rein in non-performing assets (NPAs).
In comparison, the bank had registered a loss of Rs131.60 crore for the fourth quarter of the previous fiscal, 2015-16. However, the total income during the January-March quarter of 2016-17 declined to Rs296.34 crore, as against Rs323.98 crore in the same period a year ago, Dhanlaxmi Bank said in a regulatory filing.

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Andhra Bank Q4 result, Net profit declines 32% at Rs 35 crore

Public sector Andhra Bank has registered a decline of 32 per cent in net profit at Rs 35.13 crore for the last quarter ended March 2017 on rise in bad loans.The bank had posted a net profit of Rs 51.60 crore in the corresponding quarter of preceding fiscal.

However, income during the quarter increased to Rs 5,424.70 crore from Rs 5,124.37 crore in the corresponding period year ago, it said in a BSE filing.Interest income rose to Rs 4,774.09 crore during January-March quarter from Rs 4,651.53 crore year ago.Bank's provisioning to cover bad loans were hiked to Rs 1,299.33 crore for March quarter on higher ratio of bad assets, from Rs 1,022.59 crore year earlier.
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Punjab National Bank(PNB) Q4 result, Profit of Rs261.90 crore

Punjab National Bank (PNB) on Tuesday reported a fiscal fourth-quarter profit of Rs261.90 crore, compared with a loss of Rs5,367.14 crore a year ago as it set aside a lower amount to cover bad assets and wrote back provisions for employee pensions and gratuity.
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Punjab & Sind Bank Q4 result, profit falls 91.5% to Rs8.33 crore

Punjab & Sind Bank on Tuesday said its net profit for the March quarter fell 91.5% from a year ago as the bank made higher provisions due to rising bad loans and advances slowed down.
Net profit was at Rs8.33 crore against Rs98.12 crore a year ago. During the quarter, the bank took a tax write-back of Rs72.78 crore, as against tax expenses of Rs72.14 crore a year ago. Excluding this tax write-back, the bank would have reported a net loss.
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South Indian Bank Q4 result, profit rises to Rs75.54 crore

South Indian Bank reported a slight increase in net profit for the March quarter due to higher net interest income.
Net profit rose to Rs75.54 crore for the three months ended 31 March from Rs72.97 crore a year ago.Net interest income, or the core income a bank earns by giving loans, increased 17.31% to Rs439.1 crore from Rs374.29 crore a year ago.Provisions and contingencies fell marginally to Rs165.30 crore in the March quarter from Rs206.63 crore in the previous quarter.
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Karnataka Bank Q4 result, profit up 30% at Rs138 crore

Private sector Karnataka Bank Ltd has reported a rise of about 30% in net profit at Rs138.37 crore for the last quarter ended March. It had posted a net profit of Rs106.79 crore during corresponding period of fiscal 2016.

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Jammu & Kashmir (J&K) Bank Q4 result, loss may widen sharply to Rs 106 cr

Jammu & Kashmir Bank is expected to post a standalone loss of Rs 106.5 crore for the quarter ended March 2017 against loss of Rs 56 crore in same quarter last year.

Net interest income, the difference between interest earned and interest expended, may fall 4.5 percent to Rs 617.9 crore compared with Rs 647.1 crore in corresponding quarter of last fiscal, according to average of estimates of analysts polled by CNBC-TV18.
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