Public Sector Banks :(Data will update as result will declare)
Quarterly Results of Banks for Q2 2018
Public Sector Banks :(Data will update as result will declare)
Public Sector Banks :(Data will update as result will declare)
Corporation Bank reported net loss in Q2FY18
Public sector bank Corporation Bank today reported standalone net loss at Rs.1,035 crore in Q2FY18, The bank had reported net profit of Rs. 206.28 crore for September quarter last year
Corporation bank reported its quarterly earnings today. The NII for the quarter declined by 1.2% yoy to Rs.1239 crore. This was largely due to 6.6% yoy decline in interest earned.
The asset quality remained poor as GNPA’s increased by 33% yoy to Rs.20684 crore for Q2FY18. The GNPA’s as percentage of total advances rose by 450 bps to 15.28% vs 10.81% in Q2FY17.
Punjab and Sind Bank Q2 profit slips 78%
State-owned Punjab and Sind Bank (PSB) today reported a 77.8 per cent decline in net profit at Rs 13.70 crore for the second quarter ended September, mainly due to rise in bad loans.
Net profit of the bank stood at Rs 61.89 crore for the same quarter a year ago.
Total income also declined to Rs 2,166.64 crore in the second quarter from Rs 2,203.74 crore in the corresponding period a year earlier, PSB said in a statement.
Bank of Baroda(BoB) Q2 net profit falls 36%, misses estimates
Public sector lender Bank of Baroda's
second quarter profit missed analyst expectations, falling 35.6 percent
year-on-year to Rs 355.4 crore on higher provisions, but asset quality improved
on sequential basis.
The bank had
reported net profit of Rs 552.1 crore for September quarter last year. Profit,
however, registered a 74.88 percent increase compared with previous quarter.
Net interest
income during the quarter grew by 8.6 percent year-on-year to Rs 3,720.5 crore,
which was ahead of estimates.
Karur Vysya Bank Q2 net profit falls 40%
Private sector Karur Vysya Bank today reported a 40% fall in net profit at Rs75.65 crore for the quarter ending September due to increased provisioning for rising bad loans.
The bank had registered a net profit of Rs126.31 crore in the similar July-September quarter of previous fiscal. Total income of the bank was at Rs1,632.50 crore in the July-September period of 2017-18, up from Rs1,610.77 crore in the same period of 2016-17, the bank said in a regulatory filing.
United Bank of India slips into red, posts loss in Q2
Kolkata-based United Bank of India posted a net loss of about Rs 345 crore for the second quarter of the present financial year, against a net profit of Rs 44 crore in the same period last financial year.
The bank's provision coverage ratio (PCR) stood at 57.41 per cent at the end of Q2FY18, against 51.70 per cent at the end of Q2FY17. Its provisions in the last quarter stood at about Rs 753 crore, against Rs 401 crore at the end of Q2 of FY17.
City Union Bank Q2 profit rises 17%
Private sector lender City Union Bank on Wednesday reported 17% rise in net profit to Rs145 crore for the second quarter ended 30 September, 2017-18.
The bank had registered a net profit of Rs124 crore during the September quarter of last fiscal. Its total income rose to Rs996.12 crore during the quarter under review, from Rs894.87 crore in the year-ago period, the bank said in a regulatory filing.
Dena Bank Q2 loss widens , asset quality worsens
Public sector Dena Bank's net loss more than quadrupled to Rs 185.02 crore during the second quarter ended September.
There was a net loss of Rs 44.32 crore on bank's balance sheet during the July-September quarter of 2016-17.
As per directions for initiating Insolvency Process- Provisioning Norms, in respect of nine borrowal accounts covered under provisions of IBC, the bank was required to make additional provision of Rs 278.82 crore to be proportionately spread over three quarters starting from the second quarter, i.e. September 2017 in order to make required provision by March 2018, the bank said in a regulatory filing.
Allahabad Bank Q2 result, net profit rises 8%
State-owned Allahabad Bank today posted a 7.9 per cent rise in net profit atRs. 70.20 crore for the September quarter despite a rise in non-performing assets (NPAs).
The Kolkata-headquartered bank had registered a net profit of Rs. 65.03 crore in the July-September quarter of the previous financial year.
Total income remained flat at Rs. 5,067.78 crore during the quarter as against Rs. 5,051.61 crore in the same period a year ago, the bank said in a statement.
Bank of Maharashtra Q2 result, loss narrows
Bank of Maharashtra today reported narrowing of its loss to Rs 23.24 crore for the second quarter ended September 30 even as bad loans increased.
The state-owned lender had posted a loss of Rs 337.15 crore in the same period last fiscal.
However, total income of the bank rose to Rs 3,303.62 crore during the quarter, as against Rs 3,297.31 crore in the year-ago period, Bank of Maharashtra said in a filing to stock exchanges.
State Bank of India (SBI) Q2 profit down, misses estimates
State Bank of India, India's largest lender, on Friday reported a 37.7 per cent YoY drop in standalone net profit at Rs 1,581.55 crore for quarter ended September 30, 2017. This was way short of Rs 2,700 crore profit forecast by analysts polled in an ET Now survey.
The state-run lender had reported a profit of Rs 2,538.32 crore in the corresponding quarter last year.
Bank of India(BOI) Q2 profit rises 41%
Bank of India on Friday said its net profit for the September quarter rose 41% from a year ago after the bank provided less provisions for its bad loans
The state run lender reported a net profit of Rs179.07 crore in the quarter against Rs126.84 crore a year ago. According to Bloomberg analyst estimates, the bank was expected to post a profit of Rs98.93 crore.
Oriental Bank of Commerce posts Q2 net loss
Public
sector lender Oriental Bank of Commerce has posted a net loss at Rs 1,750 crore for
July-September quarter despite sharp increase in other income and operating
profit, as provisions for bad loans increased more than four-fold.
The bank had reported profit at Rs 153.3 crore year-ago quarter.
Net interest income during the quarter fell 4.9 percent to Rs
1,251.7 crore year-on-year, with loan growth of 4.8 percent at Rs 1.49 lakh
crore.
Indian Overseas Bank(IOB) Q2 loss widens
Public sector Indian Overseas Bank (IOB) today reported widening of its net loss by nearly 60 per cent at Rs 1,222.50 crore for second quarter ended September.
The bank had a net loss of Rs 765.13 crore in the July- September quarter of 2016-17.
IOB said the loss is due to provisioning against the bad loans and not due to operations.
Indian Bank Q2 net profit rises 11.5%
Public sector lender Indian Bank on Monday reported a rise of 11.45% in net profit at Rs451.54 crore for the quarter ended 30 September as bad loans declined, although provisioning to cover for such assets was raised. In the same quarter last year, the bank recorded a net profit of Rs405.14 crore.
Total income of the bank increased to Rs4,874.16 crore for the quarter, up from Rs4,579.01 crore in the same quarter of the previous fiscal, the bank said in a regulatory filing.
UCO Bank Q2 net loss widens
Public sector lender UCO Bank’s net loss widened to Rs622.56 crore in the quarter to September on the back of increasing non-performing assets, or NPAs.
The lender reported a net loss of Rs384.83 crore in the year-ago period.
Interest and non-interest income combined declined 23.95% to Rs3,757.51 crore from Rs4,941.41 crore a year ago. Interest income fell to Rs3,446.22 crore from Rs4,329.45 crore, a decline of 20.4%.
Union Bank of India reported a higher than estimated loss in Q2FY18
State-owned lender Union Bank of India reported a higher-than-estimated loss in the
July-September quarter as it front-loaded provisioning for accounts facing
insolvency action.
The lender reported a net loss of Rs 1,531 crore in the
September-ended quarter, according to an exchange filing. That’s more than 10
times the Rs 129 crore that analysts tracked by Bloomberg had estimated.
Punjab National Bank(PNB) posts 2% YoY rise in Q2 net profit
Public sector
lender Punjab National Bank has reported better-than-expected
growth of 2 percent for the quarter ended September 2017 and even its asset
quality improved over previous quarter.
Profit for the quarter
increased to Rs 560.6 crore, against Rs 549 crore in same quarter last fiscal.
Net interest income
during the quarter grew by 3.5 percent year-on-year to Rs 4,015.2 crore, with
total advances growth of 4.2 percent at Rs 4.1 lakh crore.
Andhra Bank posted loss in Q2 due to higher bad loan provisions
Public sector lender Andhra Bank on Thursday said it suffered a Rs385 crore loss for the quarter ended 30 September due to higher provisioning for bad loans.
The bank reported a Rs51 crore net profit during the same quarter in FY 17, Andhra Bank said in a statement. Total income for the quarter under discussion was marginally down to Rs5,005 crore against Rs5,043 crore during the corresponding quarter last year.
Syndicate Bank Q2 profit jumps nearly 28%
State-owned Syndicate Bank on Tuesday reported 27.68% jump in its July-September quarter profit to Rs105.24 crore on annual basis, notwithstanding rise in bad loans.
The Manipal-headquartered bank had posted a profit of Rs82.42 crore in the same quarter of the previous fiscal. The total was income was Rs6,419.21 in the second quarter of the fiscal, down from Rs6,574.93 crore in the comparable period of 2017-18, the bank said in a regulatory filing.
