Federal Bank Q1 profit up 26% at Rs. 210 cr

Private sector lender Federal Bank has registered a rise of 25.6 per cent in its net profit at Rs. 210.15 crore for first quarter of the current fiscal on higher core income and good returns on investments.

Also, bad loans of the bank came down during the quarter.The bank’s net profit in the corresponding three months to June in 2016-17 stood at Rs. 167.31 crore.Total income of the bank increased to Rs. 2,653.19 crore for the quarter, against Rs. 2,263.84 crore in the year ago period, the bank said in a regulatory filing.

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Yes Bank Q1 net profit jumps 32% YoY to Rs 965.52 crore

Yes Bank reported better than expected earnings for the quarter ended June 30 mostly on all the key parameters and the asset quality has also shown considerable improvement on a quarter-on-quarter basis (QoQ).

The private sector lender reported 31.9% year-on-year (YoY) rise in net profit for the quarter ended June to Rs 965.5 crore which was higher than the CNBC-TV18 estimate of Rs 919 crore. Yes Bank reported a net profit of Rs 731.80 crore for the corresponding quarter last year and Rs 914.12 crores in the previous quarter.

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Axis Bank Q1 profit falls 16% to Rs1,305.60 crore

Private sector lender Axis Bank Ltd on Tuesday reported a 16.07% decline in its net profit for the June quarter as bad loans continued to mount and provisions soared. This is the sixth consecutive quarter in which Axis Bank has posted a decline in profit.

Net profit stood at Rs1,305.60 crore against Rs1,555.53 crore a year ago. Twelve analysts polled by Bloomberg had forecast a net profit of Rs1,266.10 crore.Net interest income (NII) or the core income a bank earns by giving loans increased 2.2% to Rs4,616.14 crore from Rs4,516.92 crore last year. Other income rose 9.55% to Rs2,999.81 crore from Rs2,738.28 crore a year ago.

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Lakshmi Vilas bank Q1 profit up 9% at Rs 66 crore

Private sector Lakshmi Vilas Bank today reported a 8.95 per cent rise in net profit to Rs 66.12 crore in the first quarter ended June 30. The bank had registered net profit of Rs 60.68 crore during the corresponding period last fiscal.

Total income of the company rose to Rs 927.25 crore for the quarter from Rs 774.87 crore in the year-ago period.Assets quality deteriorated with gross non-performing assets, as a percentage of net advances by June 30, 2017, rose to 3.78 per cent during the quarter under review, compared to 2.14 per cent in the same period last year.

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HDFC Bank Q1 net profit rises 20%

HDFC Bank Ltd on Monday reported 20.2% increase in its net profit for the June quarter due to higher net interest income and other income. Net profit for the quarter increased to Rs3,893.84 crore from Rs3,238.91 crore a year ago. Fourteen analysts polled by Bloomberg had forecast a net profit of Rs3,914.50 crore.

Net interest income (NII) or the core income a bank earns by giving loans increased 20.4% to Rs9,370.74 crore from Rs7,781.44 crore last year. Other income jumped 25.3% to Rs3,516.66 crore from Rs2,806.61 crore in the same period last year.

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Jammu & Kashmir Bank Q1 net profit up 32%

Jammu & Kashmir Bank reported 32 per cent rise in net profit to Rs 30.19 crore for the quarter ended on June 30, 2017.

It bank had reported a net profit of Rs 22.88 crore in April-June 2016.

Total income of the bank rose to Rs 1,790.53 crore in April-June 2017, from Rs 1,789.05 crore in the year ago period, the bank said in a regulatory filing.

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Vijaya Bank Q1 net profit jumps over 57% to Rs 255 crore

Vijaya Bank today reported 57.5 per cent increase in net profit at Rs 254.69 crore for June quarter owing to healthy growth in retail income aided by a marginal fall in bad loan proportion. 

The public sector bank had registered a net profit of Rs 161.66 crore in the corresponding April-June quarter of 2016- 17 fiscal. Total income rose to Rs 3,510.11 crore for the said quarter from Rs 3,295.05 crore a year ago, the bank said in a regulatory filing. 

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Indian Bank Q1 result, net profit rises 21%

Indian Bank on Friday reported a 21.16% increase in June-quarter net profit on the back of higher net interest income. The bank reported a net profit of Rs372.4 crore compared with Rs307.35 crore a year ago.

Net interest income (NII), the core income a bank earns from its lending business, rose 1.87% to Rs1,259.48 crore. Non-interest income—which includes fees and commissions, and treasury income—jumped 47.63% to Rs652.07 crore.

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