Allahabad Bank Q3 result, net profit at Rs75.26 crore

Allahabad Bank on Monday reported a net profit in the December quarter as compared with a loss in the year-ago period, owing to lower provisions against bad loans and higher other income.
The state-owned lender reported a net profit of Rs75.26 crore in the third quarter as compared with a loss of Rs486.14 crore a year ago. Net interest income (NII), or the difference between interest earned on loans and that spent on deposits, fell 16.44% on a year-on-year basis to Rs1,183.31 crore. Other income, though, rose by 77% from a year-ago period to Rs729.87 crore.
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Corporation Bank Q3 result, profit at Rs 159 cr

State-run Corporation Bank today reported a profit of Rs 159 crore for the third quarter ended December 31, as the provision for bad loans declined. 

The bank had posted a loss of Rs 388.3 crore in the same quarter last year. Total income rose to Rs 2,999.5 crore during the quarter from Rs 2,722.2 crore in the same period previous fiscal. 

However, gross NPAs as a percentage to total advances rose significantly to 11.26 per cent from 7.32 per cent in the same quarter a year ago. 
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Dena Bank Q3 result, profit up at Rs35 crore

Dena Bank posted a net profit in the third quarter results it announced on Friday, on the back of reduction in its provisions.It reported a net profit of Rs35.31 crore compared to Rs662.85 crore loss reported last year for the same period.

According to estimates of one Bloomberg analyst, the bank was expected to post a net profit of Rs82.40 crore.Net interest income (NII), or the core income a bank earns by giving loans, rose 17.55% to Rs665.91 crore in the December quarter from Rs566.49 crore last year.
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Bank of Baroda(BOB) Q3 result, posts net profit of Rs 253 crore

Bank of Baroda posted a net profit of Rs 253 crore for the third quarter ended December 31, 2016. The bank had a loss of Rs 3,342 crore, during the corresponding quarter of the previous year. Its net interest income- difference between interest earned and interest expended- rose 15.86% to Rs 3,134 crore from Rs 2,705 crore. 


The net interest margin for Domestic operations stood at 2.49% while global margin stood at 2.06%. The bank saw increase in percentage of deposits to total domestic deposits go up 40.46% as against 34.23% as at September 30,2016.
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State bank of India(SBI) Q3 result, profit rises 134% to Rs2,610 crore

State Bank of India on Friday said its net profit for the December jumped 134% from a year-ago period due to higher net interest income and other income.
The bank reported a net profit of Rs2,610 crore in the December quarter against Rs1115.34 crore a year ago. According to 18 Bloomberg analyst estimates, the bank is expected to post a net profit of Rs 2,509.70 crore.
Net interest income (NII), or the core income a bank earns by giving loans, rose 7.7% to
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Andhra Bank Q3 result, profit jumps 65% at Rs 56.70 cr

Public sector Andhra Bank today reported 65 percent jump in net profit to Rs 56.70 crore for December quarter of the current fiscal on higher treasury income even as bad loans rose substantially. 

It had made net profit of Rs 34.46 crore in the October- December quarter of last fiscal, 2015-16. "Total income has increased to Rs 5,012.86 crore for the quarter ended December from Rs 4,801.40 crore for the same of the previous fiscal," the bank said in a regulatory filing. 
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Bank of India(BOI) Q3 result, posts profit of Rs102 crore

Bank of India on Thursday reported a 19.80% decline in its net profit for the December quarter compared to the previous quarter. The bank had reported a net loss of Rs1,505.58 crore in the December quarter last year.
Net profit for the third quarter decreased to Rs101.72 crore compared with Rs126.84 crore a quarter ago. According to estimates of 14 Bloomberg analysts, the bank was expected to post a net loss of Rs11.19 crore.
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