Public Sector Banks :(Data will update as result will declare)
Private Sector Banks :(Data will update as result will declare)
Results of Public & Private sector banks for Q3FY19
Punjab & Sind Bank reports net profit in Q3FY19
State-owned Punjab & Sind Bank on Tuesday reported a net profit of Rs 22 crore in the third quarter ended December 2018. It had reported a loss of Rs 258 crore in the corresponding period of 2017-18, according to a release by the company.
The bank's total income increased during the quarter to Rs 2,337.13 crore as against Rs 2,178.69 crore in the corresponding period of 2017-18.
Gross non-performing assets (NPAs) rose to 11.19 per cent of the gross advances at the end of the quarter, against 10.95 per cent in the year-ago period.
However, net NPAs declined to 6.90 per cent, compared with 7.20 per cent a year ago.
As a result, provisions for bad loans increased to Rs 453.88 crore during October-December 2018, against Rs 417.51 crore in the third quarter of the previous fiscal.
Karur Vysya Bank Q3 net profit drops
KVB has posted net profit of Rs.21.20 crores for the period ended December 31, 2018 as against Rs.83.74 crores for the period ended September 30, 2018.
The bank ha reported EPS of Rs.0.27 for the period ended December 31, 2018 as compared to Rs.1.05 for the period ended September 30, 2018.
Andhra Bank's net loss widens in Q3
State-owned Andhra Bank on Monday said its net loss
widened to Rs 578.59 crore in the third quarter ended December 31, as bad loans
surged. The bank had posted a net loss of Rs 532.02 crore in the
October-December quarter previous fiscal.
Total income,
however, rose to Rs 5,322.33 crore for the third quarter of 2018-19 as against
Rs 5,093.43 crore in same period last year, Andhra Bank said in a regulatory
filing.
Provisions for
bad loans during the quarter were raised to Rs 1,790.17 crore, from Rs 1,744.99
crore parked for the same period last fiscal.
The bank
witnessed its asset quality deteriorating as gross non-performing assets (NPAs)
or bad loans ballooned to 16.68 per cent of gross advances by December-end
2018, compared to 14.26 per cent.
In absolute value, the gross bad loans were Rs 28,703.47 crore as against Rs 21,599.32 crore.Net NPAs, however, were trimmed to 6.99 per cent (Rs 10,778.36 crore) by end of the third quarter as against 7.72 per cent (Rs 10,858.32 crore) a year ago.
The provision
coverage ratio as on 31st December, 2018 stood at 68.47 per cent, Andhra Bank
said.
Corporation Bank swings into the black with profit in Q3
Corporation Bank has swung into the
black with a profit of Rs 60.53 crore in December quarter 2018, as provisioning
for bad loans saw a sharp decline, the lender said Monday. The bank had posted
a net loss of Rs 1,240.49 crore in October-December 2017-18.
Total income of
the lender came down to Rs 4,112.32 crore in the latest quarter as against Rs
4,841.37 crore in the same period of 2017-18, it said in a regulatory filing.
The bank said
its provisioning for non-performing assets (NPAs) or bad loans was reduced to
Rs 842.28 crore for the latest quarter as against Rs 2,494.71 crore in the same
period a year ago.
However, the
bank's assets worsened with gross NPAs growing to 17.36 per cent of gross
advances as at December-end 2018, against 15.92 per cent by December 2017.
In value terms, gross NPAs were at Rs
21,921.42 crore as against Rs 21,817.96 crore earlier. Net NPAs surged
to 11.47 per cent (Rs 13,521.22 crore) from 10.73 per cent (Rs 13,853.90
crore).
The bank said it
is maintaining higher provision in terms of NCLT (list 1 and 2 of RBI) and is
holding a total provision of Rs 6,412.45 crore against outstanding amount of Rs
9,075.69 crore (or 70.66 per cent) on these accounts as on December 31, 2018.
Provision
coverage ratio of the bank as at December-end 2018 is 66.13 per cent,
Corporation Bank said.
UCO Bank net loss drops marginally in Q3FY19
State-owned UCO Bank on Friday reported a marginal drop in its net loss at Rs 998.74 crore for third quarter ended December 31, 2018, as bad loans and provisions ballooned.
The bank had posted a net loss of Rs 1,016.43 crore in the same quarter of the previous fiscal.
Total income of the bank also came down to Rs 3,585.56 crore during the October-December period of 2018-19, as against Rs 3,721.93 crore in same quarter of 2017-18, the bank said in a regulatory filing.
The Kolkata-headquartered lender, witnessed worsening asset quality as the gross non-performing assets (NPAs) ballooned to 27.39 per cent of gross loans as on December 31, 2018, from 20.64 per cent in December 2017.
Sequentially also, NPAs were higher from 25.37 per cent by end of second quarter ended September of this fiscal.
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Also read- Q3FY19 Results of all Public & Private Sector banks in India
In value terms, the gross NPAs or bad loans stood at Rs 31,121.79 crore as on December 31, 2018 as against Rs 25,382.40 crore a year-ago.
Net NPAs were 12.48 per cent by end of third quarter as against 10.90 per cent. Value-wise, the net NPAs were Rs 11,755.61 crore, lower than Rs 11,923.45 crore last year.
Thus, provisioning for bad loans during the quarter that ended on December 2018 were hiked to Rs 2,243.85 crore as against Rs 1,682.40 crore a year earlier. The non-performing loan provisioning coverage ratio is 69.49 per cent as on December 31, 2018, UCO Bank said.
The bank said in respect of select borrower accounts covered under the provisions of Insolvency and Bankruptcy Code (IBC), it was required to make additional provision where provision as per Income Recognition and Asset Classification (IRAC) norms lower than the provision required.
“Accordingly, the bank has made additional provision of Rs 242.60 crore in respect of select borrower accounts for the quarter ended December 2018,” it said. The bank also suffered losses due to depreciation in investment, UCO Bank said.
Allahabad Bank narrows losses in Q3FY19
State-run Allahabad Bank on Wednesday announced a net loss of Rs 732.81 crore for the quarter ended December 31, 2018, narrowing the net loss of Rs 1,263.79 crore reported for year ago period.
The lender, which is under the prompt corrective action (PCA) of the Reserve Bank of India (RBI), had reported a net loss of Rs 1,822.71 crore for the second quarter of the current fiscal.
The city-headquartered lender posted an operating profit of Rs 768.97 crore, down by 16.6 per cent year-on-year from Rs 922.17 crore in the corresponding quarter of the last fiscal. But the same increased by 44 per cent quarter-on-quarter from Rs 533.97 crore.
On a year-on-year basis, total income at Rs 4,756.88 crore during the period remained flat compared with Rs 4,755.33 crore in the year-ago quarter. It increased by nearly 8 per cent on the quarter-on-quarter basis from Rs 4,410.72 crore in the July-September period.
During the third quarter of FY19, gross non-performing assets (NPAs) increased on a quarter-on-quarter basis in absolute terms to Rs 28,218.79 crore from Rs 27,236.19 crore in the September quarter.
The net NPA was at Rs 10,865.26 crore in the third quarter , down from Rs 11,082.74 crore by the end of September quarter.
Gross NPA of the bank as a percentage of total loans was at 17.81 per cent by the end of December quarter against 17.53 per cent in the previous quarter. During the period under review, net NPA ratio at 7.70 per cent also decreased sequentially.
Provisions and contingencies were at Rs 1,495.34 crore, down substantially from Rs 2,413.46 crore in Q3FY18. At Rs 1,900 crore, provisions for NPAs decreased by 7 per cent year-on-year.
United Bank of India loss widens in Q3FY19 due to NPA rise
State-owned United Bank of India on Tuesday reported widening of loss to Rs 1,139.25 crore for the December 2018 quarter, owing to rising bad loans.
The Kolkata-based lender had posted a loss of Rs 637.53 crore in the corresponding quarter a year ago.
However, the total income of the bank rose to Rs 2,846.23 crore during the quarter, compared with Rs 2,483.01 crore in the year-ago quarter.
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Its asset quality worsened with gross non-performing assets (NPAs) rising to 21.27 per cent (Rs 14,737.61 crore) of the gross advances as on December 2018, compared with 20.10 per cent (Rs 13,720.69 crore).
Net NPAs or bad loans also increased to 12.08 per cent (Rs 7,489.89 crore) from 11.96 per cent (Rs 7,365.14 crore).
As a result, provision other than tax and contingencies nearly doubled to Rs 1,967.20 crore, compared with Rs 1,074.35 crore in the same period a year ago.
