Punjab National Bank (PNB) Q1 net profit up 12%

Punjab National Bank (PNB) on Wednesday posted 12 percent gain in its June quarter net profit at Rs 343.4 crore against Rs 306.4 crore in the same period last year. But the cause of concern for the bank is the declining asset quality as net non-performing assets rose to 8.67 percent against 7.81 percent in the previous quarter.

According to a poll of analysts by CNBC-TV18, the lender was expected to post a profit of Rs 358.9 crore.

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Bank of Maharashtra(BoM) Q1 net loss widens

State-owned Bank of Maharashtra today reported a widening of its net loss to Rs 412.20 crore for the first quarter ended June of the current fiscal as gross bad loans zoomed.The bank's net loss in the corresponding April-June period of the previous fiscal was at Rs 397.40 crore.

There was a sharp deterioration in the bank's asset quality as gross non-performing assets, or bad loans, hit 18.59 percent of the gross advances as on June 30, 2017 from 12.64 percent in the same period ended June 30, 2016, the bank said in a regulatory filing.Sequentially, gross NPAs rose from 16.93 percent as on March 31, 2017.

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Central Bank of India Q1 net loss at Rs576.76 crore

State-run Central Bank of India on Saturday reported a net loss of Rs576.76 crore for the quarter ended 30 June.

The bank had reported a net loss of Rs599.81 crore in the corresponding quarter a year ago. Total income stood at Rs6,870.78 crore for the quarter under review, as against Rs6,662.68 crore in the first quarter of the previous fiscal, Central Bank of India said in a Bombay Stock Exchange (BSE) filing.

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Dena Bank Q1 net loss narrows to Rs.132.6 crore

State-run Dena Bank today reported an improvement with the net loss reducing to Rs 132.65 crore in the quarter ended June 30, helped by decline in NPAs and better net interest margin.

The bank had reported a loss of Rs 279.35 crore in the same quarter last year."Our provisions on NPAs have come down which resulted in reduction in loss this quarter. Last year in the June quarter, our NPAs provisioning was Rs 598 crore which has come down to Rs 434.58 crore this year," chairman and managing director Ashwani Kumar told reporters here.

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Karur Vysya Bank Q1 profit growth to 1%

Private sector lender Karur Vysya Bank's profit growth limited to 1.1 percent in June quarter due to higher provisions, though there was sharp growth in other income and operating income.

Profit in Q1FY18 increased to Rs 148 crore from Rs 146.3 crore in year-ago quarter while net interest income jumped 11.9 percent to Rs 538.6 crore year-on-year.

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Bandhan Bank Q1 net profit up 35%

Bandhan Bank’s stressed assets at the end of June almost doubled on a sequential basis, as loan waivers in Uttar Pradesh and Maharashtra triggered defaults in other states like Madhya Pradesh and Haryana—where borrowers thought they could skip payments, the bank said on Thursday.

Announcing the bank’s June quarter financial performance, in Kolkata, managing director and chief executive officer Chandra Shekhar Ghosh said net profit jumped 35% year-on-year to Rs327 crore, thanks to business expansion.

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ICICI Bank Q1 profit dips 8%

ICICI Bank Ltd, India’s second largest lender by assets, on Thursday reported an 8.2% decline in June quarter net profit on a surge in bad loans and slow credit growth.Net profit in the fiscal first quarter fell to Rs2,049 crore from Rs2,232.35 crore a year ago. The bank had been expected to post a profit of Rs2,001.50 crore, based on a poll of 20 analysts by Bloomberg.

Advances remained largely unchanged at Rs4.64 trillion from a quarter ago. Deposits fell 0.77% to Rs4.86 trillion on a sequential basis.Gross non-performing assets (NPAs) jumped 56.5% to Rs43,147.64 crore at the end of June from Rs27,562.93 crore a year ago. On a quarter-on-quarter basis, NPAs rose 1.4% from Rs42,551.54 crore.

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IDFC Bank Q1 profit jumps 65%

IDFC Bank's first quarter profit grew sharply by 65.3 percent year-on-year to Rs 437.6 crore, driven by other income but asset quality worsened further.

Net interest income, the difference between interest earned and interest expended, fell 22.2 percent to Rs 388 crore compared with year-ago quarter.

Other income (non-interest income) shot up 205 percent to Rs 649 crore and operating profit increased 49 percent to Rs 647.5 crore compared with corresponding quarter of previous fiscal.

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