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.
