Latest Bank Update

Karur Vysya Bank Q1 profit growth to 1%

July 28, 2017 Karur Vysya Bank, Private Banks, Q1 Results, Q1FY18, Results No comments

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.

Bandhan Bank Q1 net profit up 35%

July 27, 2017 Bandhan Bank, Private Banks, Q1 Results, Q1FY18, Results 1 comment

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.

ICICI Bank Q1 profit dips 8%

July 27, 2017 ICICI Bank, Private Banks, Q1 Results, Q1FY18, Results No comments

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.

IDFC Bank Q1 profit jumps 65%

July 27, 2017 IDFC Bank, Private Banks, Q1 Results, Q1FY18, Results No comments

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.

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

July 26, 2017 Federal Bank, Private Banks, Q1 Results, Q1FY18, Results 1 comment

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.

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

July 26, 2017 Private Banks, Q1 Results, Q1FY18, Results, Yes Bank No comments

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.

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

July 25, 2017 Axis Bank, Private Banks, Q1 Results, Q1FY18, Results No comments

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.

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

July 25, 2017 Lakshmi Vilas Bank, Private Banks, Q1 Results, Q1FY18, Results No comments

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.

HDFC Bank Q1 net profit rises 20%

July 24, 2017 HDFC Bank, Private Banks, Q1 Results, Q1FY18, Results No comments

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.

Jammu & Kashmir Bank Q1 net profit up 32%

July 24, 2017 J & K Bank, Private Banks, Q1 Results, Q1FY18, Results No comments

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.

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

July 22, 2017 Public sector banks, Q1 Results, Q1FY18, Results, Vijaya Bank No comments

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.

Indian Bank Q1 result, net profit rises 21%

July 21, 2017 INDIAN BANK, Public sector banks, Q1 Results, Q1FY18, Results No comments

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.

Kotak Mahindra Bank Q1 result, profit rises 23%

July 20, 2017 Kotak Mahindra Bank, Private Banks, Q1 Results, Q1FY18, Results No comments

Kotak Mahindra Bank Ltd on Thursday said its net profit for the June quarter rose 23% from a year ago due to higher net interest and other income.

Net profit for the quarter was Rs912.73 crore, up from Rs741.97 crore a year ago. Six analysts polled by Bloomberg had forecast a net profit of Rs963.40 crore. Net interest income (NII), or the core income a bank earns by giving loans, increased 17% to Rs2,245.55 crore from Rs1,919.10 crore last year. Other income jumped 23.7% to Rs906.88 crore from Rs733.18 crore in the same period last year.

RBL Bank Q1 result, net rises 45%

July 20, 2017 Private Banks, Q1 Results, Q1FY18, RBL Bank, Results 1 comment

RBL Bank on Thursday reported a jump of 44.9% in net profit at Rs141.02 crore for the first quarter ended June on healthy growth in core income.

The private bank had registered a net profit of Rs97.34 crore during the April-June quarter of previous fiscal. Total revenue for the June quarter of 2017-18 increased by 26% to Rs1,299.70 crore compared to Rs 1,031.23 crore in the same quarter last year, the bank said in a regulatory filing.

Canara Bank Q1 profit rises by 9.9%

July 19, 2017 CANARA BANK, Public sector banks, Q1 Results, Q1FY18, Results No comments

Public sector lender Canara Bank's net profit in June quarter grew by 9.9 percent year-on-year to Rs 251.6 crore, but the higher provisions capped growth. It was driven by net interest income, other income and operating income.Net interest income, the difference between interest earned and interest expended, increased 17.6 percent to Rs 2,713.2 crore from Rs 2,307 crore on year-on-year basis.

Other income or non-interest income during the quarter shot up 33 percent to Rs 2,108.5 crore and operating profit grew by 36 percent to Rs 2,472.38 crore compared with year-ago quarter.

Karnataka Bank Q1 profit up 10% at Rs134 crore

July 15, 2017 Karnataka Bank, Private Banks, Q1 Results, Q1FY18, Results No comments

Private sector lender Karnataka Bank has posted a 10.13 percent rise in net profit at Rs 133.85 crore for the first quarter of the current fiscal.

The bank had reported a net profit of Rs 121.54 crore in the April-June quarter of 2016-17.

DCB Bank Q1 profit rises 39% to Rs65 crore

July 15, 2017 DCB Bank, Private Banks, Q1 Results, Q1FY18, Results No comments

Small private lender DCB Bank posted a 38 percent rise in profit after tax of Rs 65 crore in the first quarter of financial year 2017-18. The profit in the same quarter a year ago was at Rs 47 crore.

During the period, net interest income (NII) or difference between interest earned and expended) grew to Rs 233 crore, up 32 percent from Rs 177 crore in the first quarter of FY17.

South Indian Bank Q1 net profit at Rs 101.47 crore

July 11, 2017 Private Banks, Q1 Results, Q1FY18, Results, South Indian Bank No comments

Kerala-based South Indian Bank today announced the Q1 results with a net profit of Rs 101.47 Cr as against Rs 95.06 Cr during the corresponding period of the previous year.

V G Mathew, MD & CEO of the bank, announcing the results, stated that during the first quarter in FY18, the Bank's operating profit registered a growth of Rs 120 Crores (46.25 per cent) and Profit after Tax registered a growth of Rs 6 Crore (6.74 per cent), driven by strong performance to increase in NII and Other Income, the bank said in a release here.

IndusInd Bank Q1 profit rises 26% to Rs836 crore

July 11, 2017 IndusInd Bank, Private Banks, Q1 Results, Q1FY18, Results No comments

IndusInd Bank Ltd on Tuesday said its net profit for the June quarter rose 26.49% from the same period a year earlier due to higher net interest and other income.

Net profit for the quarter was Rs836.55 crore, as against Rs661.38 crore in the three months ended 30 June 2016. Seven analysts polled by Bloomberg had forecast a net profit of Rs833.70 crore.

Tentative date of results of Banks for Q1 2018

July 01, 2017 Q1 Results, Q1FY18, Results No comments

Public Sector Banks :(Data will update as date will declare)

Allahabad Bank Result Date -11 Aug 2017
Andhra Bank Result Date -04 Aug 2017
Bank of Baroda Result Date -11 Aug 2017
Bank of India Result Date -09 Aug 2017
Bank of Maharashtra Result Date - 31 Jul 2017
Canara Bank Result Date - 19 Jul 2017
Central Bank of India Result Date - 29 Jul 2017
Corporation Bank Result Date -11 Aug 2017
Dena Bank Result Date - 29 Jul 2017
IDBI Bank Result Date -14 Aug 2017
Indian Bank Result Date - 21 Jul 2017
Indian Overseas Bank Result Date -10 Aug 2017
Oriental Bank of Com. Result Date -11 Aug 2017
Punjab & Sind Bank Result Date- 09 Aug 2017
Punjab National Bank Result Date -02 Aug 2017
State Bank of India Result Date -11 Aug 2017
Syndicate Bank Result Date -05 Aug 2017
UCO Bank Result Date -02 Aug 2017
Union Bank of India Result Date -10 Aug 2017
United Bank of India Result Date -12 Aug 2017
Vijaya Bank Result Date - 22 Jul 2017

Private Sector Banks :

Axis Bank Result Date - 25 Jul 2017

Bandhan Bank Result Date - 27 Jul 2017

DCB Bank Result Date - 15 Jul 2017

Dhanlaxmi Bank Result Date-11 Aug 2017

Federal Bank Result Date - 26 Jul 2017

HDFC Bank Result Date - 24 Jul 2017

ICICI Bank Result Date - 27 Jul 2017

IDFC Bank Result Date - 27 Jul 2017

IndusInd Bank Result Date - 10 Jul 2017

Jammu & Kashmir Bank Result Date - 22 Jul 2017

Karnataka Bank Result Date - 15 Jul 2017

Kotak Mahindra Bank Result Date - 20 Jul 2017

Karur Vysya Bank Result Date - 28 Jul 2017

Lakshmi Vilas Bank Result Date -25 Jul 2017

RBL Bank Result Date - 20 Jul 2017

South Indian Bank Result Date - 11Jul 2017

Yes Bank Result Date - 26 Jul 2017

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