Latest Bank Update

IDBI Bank reports 4th straight quarterly loss

October 31, 2017 IDBI Bank, Public sector banks, Q2 Results, Q2FY18, Results No comments

IDBI Bank on Tuesday reported its fourth straight quarterly loss as bad loans continued to mount and provisions soared.

However , the loss was restricted for the quarter due to tax write back.

During the September quarter, the bank reported a loss of Rs197.84 crore against a profit of Rs55.52 crore a year ago. The bank got a tax write-back of Rs260.53 crore against Rs135.03 crore paid last year same quarter.

Central Bank of India Q2 loss widens, net NPAs jump to 9%

October 30, 2017 CENTRAL BANK OF INDIA, Public sector banks, Q2 Results, Q2FY18, Results No comments

Public sector Central Bank of India today reported widening of its net loss at Rs. 750.41 crore for the July-September quarter of this fiscal due to higher provisioning for the bad loans.

The bank had reported a net loss of Rs. 641.82 crore in the corresponding quarter of the 2016 -17 fiscal.

The bank’s gross non-performing assets (NPAs) jumped to 17.27 per cent of gross loans by September 30, 2017.The gross NPAs were 13.70 per cent of the gross loans at the end of the same quarter a year earlier.

Bandhan Bank Q2 profit rises 18.2%

October 28, 2017 Bandhan Bank, Private Banks, Q2 Results, Q2FY18, Results No comments

The Kolkata-based private sector lender Bandhan Bank on Saturday reported an over 18% growth in net profit for the quarter to September at Rs331 crore on a substantial rise in both net interest income and non- interest income.

Net interest income for the quarter rose nearly 22% to Rs694 crore from Rs569 crore a year ago, while non- interest income rose a higher 66.42% to Rs223 crore from Rs134 crore, the bank said in a statement. Its current accounts-saving accounts deposits rose to 28.18% of total deposits from 16.71% in the year-ago period.

Canara Bank Q2 net profit down 27%

October 27, 2017 CANARA BANK, Public sector banks, Q2 Results, Q2FY18, Results No comments

Public sector lender Canara Banktoday reported a 27.1 per cent decline in net profit to Rs 260.18 crore in the second quarter of current fiscal, due to higher provisions.

The bank had reported a net profit of Rs 356.91 crore during the corresponding period last year.

Total income of the city headquartered bank during July-September quarter stood at Rs 11,994.64 crore, down from Rs 12,187.12 crore in the same quarter a year ago.

ICICI Bank Q2 profit down 34%

October 27, 2017 ICICI Bank, Private Banks, Q2 Results, Q2FY18, Results No comments

ICICI Bank Ltd on Friday reported a larger-than-expected decline in September quarter net profit because of a smaller one-time gain and said it expects bad loan additions in the current financial year to be lower than last year’s.

Net profit in the quarter fell 33.7% from a year ago to Rs2,058.19 crore from Rs3,102.27 crore. The bank had been expected to post a profit of Rs2,570.10 crore, based on a Bloomberg poll of 21 analysts.

Net interest income (NII), or the core income a bank earns by giving loans, increased 8.7% to Rs5,709.07 crore from Rs5,253.27 crore a year ago. So-called other income declined 43.13% to Rs5,186.24 crore from Rs9,119.68 crore.

J&K Bank reports Rs 72 crore profit in Q2

October 27, 2017 J & K Bank, Private Banks, Q2 Results, Q2FY18, Results No comments

Jammu & Kashmir Bank today reported a net profit of Rs 71.6 crore for the second quarter ended September 30.

It had posted a loss of Rs 602.40 crore in the July- September quarter of the last financial year.

However, the bank's total income for the quarter under review declined to Rs 1,771.46 crore from Rs 1,816.67 crore in the year-ago period.

Kotak Mahindra Bank Q2 profit rises 22% on higher interest income

October 26, 2017 Kotak Mahindra Bank, Private Banks, Q2 Results, Q2FY18, Results No comments

Kotak Mahindra Bank Ltd on Wednesday reported a 22.26% rise in its September quarter net profit, beating analyst estimates, due to higher net interest income and other income.

The private lender reported standalone net profit of Rs994.31 crore in the quarter against Rs813.29 crore a year ago.

According to estimates of nine Bloomberg analysts, the bank was expected to post a net profit of Rs978.50 crore.

Yes Bank Q2 profit jumps 25% despite sharp spike in provisions

October 26, 2017 Private Banks, Q2 Results, Q2FY18, Results, Yes Bank No comments

Private sector lender Yes Bank has reported a profit growth of 25 percent year-on-year at Rs 1,002.7 crore despite sharp spike in provisions, but asset quality deteriorated on sequential basis.

Profit in quarter ended September 2017 stood at Rs 801.54 crore.

Net interest income, the difference between interest earned and interest expended, shot up 33.5 percent to Rs 1,885.1 crore compared with Rs 1,412.16 crore in same quarter last fiscal.

Vijaya Bank Q2 result, profit rises 20%

October 26, 2017 Public sector banks, Q2 Results, Q2FY18, Results, Vijaya Bank No comments

Vijaya Bank on Thursday reported 20% increase in net profit at Rs185.46 crore for the quarter ended 30 September, helped by lower expenses. The public sector bank had registered a net profit of Rs154.55 crore in the corresponding quarter of 2016-17 fiscal.

Total income fell marginally to Rs3,501.31 crore for the said quarter from Rs3,516.57 crore a year ago, the bank said in a regulatory filing.

Total expenditure went down 6.05% to Rs2,767.35 crore for the said quarter from Rs2,945.7 crore in the year- ago period.

RBL Bank Q2 net profit up 68%

October 25, 2017 Private Banks, Q2 Results, Q2FY18, RBL Bank, Results No comments

Private sector lender RBL Bank has posted a 68 per cent rise in net profit at Rs 150 crore in secondquarter ended September 2017 (Q2 FY18) on improvement in the interest margins and other income.

It had posted net profit of Rs 90 crore in July-September 2016 (Q2 FY17).

Its net interest income rose 39 per cent to Rs 420 crore in Q2 FY18 from Rs 302 crore a year ago period. The net interest margin (NIM) improved by 33 basis points to 3.74 per cent in Q2 FY18 from 3.41 per cent in Q2 FY16.

IDFC Bank Q2 net profit falls 40%

October 25, 2017 IDFC Bank, Private Banks, Q2 Results, Q2FY18, Results No comments

IDFC Bank Ltd's second-quarter net profit plunged 39.74 per cent to Rs 233.66 crore on account of lower income and higher expenses.

The company's net profit in the same quarter of the previous fiscal stood at Rs 387.76 crore.

Total income came down by 5.13 percent to Rs 2,365.06 crore for the reported quarter as against Rs 2,493.04 crore in the year-ago period, IDFC Bank said in a BSE filing.

HDFC Bank Q2 result profit rises 20%

October 24, 2017 HDFC Bank, Private Banks, Q2 Results, Q2FY18, Results No comments

HDFC Bank Ltd on Tuesday reported a 20.1% jump in its September quarter net profit due to higher net interest income and other income.

The bank reported a profit of Rs4,151.03 crore, up from Rs3,455.33 crore a year ago. According to 21 analysts polled by Bloomberg, the bank was expected to post a net profit of Rs4,171.40 crore.

Net interest income (NII) or the core income a bank earns by giving loans rose 22% to Rs9,752.07 crore versus Rs7,993.59 crore last year. Other income increased 24.3% to Rs3,605.90 crore from Rs2,900.95 crore in the same period last year.

Axis Bank Q2 result, profit rises 35.51%

October 17, 2017 Axis Bank, Private Banks, Q2 Results, Q2FY18, Results No comments

Axis Bank Ltd on Tuesday reported a 35.51% jump in its September quarter net profit after it made fewer provisions for bad loans.

The bank reported a profit of Rs432.38 crore compared with Rs319.08 crore a year ago. The bank had been expected to post a net profit of Rs1,318.30 crore, based on a poll of 20 analysts by Bloomberg.

Provisions and contingencies fell 13.31% to Rs3,140.41 crore from Rs3,622.74 crore a year ago. On a quarter-on-quarter basis, they rose 34.09% from Rs2,341.93 crore.

DCB Bank Q2 result, profit up 21%

October 16, 2017 DCB Bank, Private Banks, Q2 Results, Q2FY18, Results No comments

Private lender DCB Bank has reported a rise of 21% in its net profit at Rs59 crore for quarter ended September.

The bank had registered a net profit of Rs48 crore in the July-September quarter of 2016-17.

Total income of the bank grew by 24% to Rs313 crore during the reported quarter, from Rs252 crore in the year ago period, the bank said in a statement.

Net interest income or the core income of the bank rose to Rs248 crore in the second quarter of 2017-18 from Rs190 crore in the year ago period.

Federal Bank Q2 net profit rises 31%

October 16, 2017 Federal Bank, Private Banks, Q2 Results, Q2FY18, Results No comments

Federal Bank Ltd on Monday reported a 31% jump in its September quarter net profit due to improved asset quality and higher net interest income.

The bank reported a profit of Rs263.70 crore compared to Rs201.24 crore a year ago. The consensus of analyst estimates had pegged the profit at Rs254.40 crore.

Karnataka Bank Q2 net profit down 25%

October 14, 2017 Karnataka Bank, Private Banks, Q2 Results, Q2FY18, Results No comments

Karnataka Bank Ltd on Friday said its second-quarter net profit fell 24.58% on the back of higher provisioning. Net profit fell to Rs93.38 crore for the three months ended 30 September from Rs123.82 crore in the same quarter last year.

Profit was lower than the Rs131 crore estimated by a Bloomberg poll of two analysts.

Despite this, the bank increased provisions during the quarter to Rs225.98 crore as against Rs130.55 crore in the year-ago quarter. In the April-June quarter, the bank had set aside Rs198.88 crore in provisions.

IndusInd Bank Q2 net profit rises 25%

October 12, 2017 IndusInd Bank, Private Banks, Q2 Results, Q2FY18, Results No comments

IndusInd Bank Ltd on Thursday said its net profit for the September quarter rose 25% from a year ago due to higher net interest income and other income.

Net profit for the quarter stood at Rs880.10 crore versus Rs704.26 crore a year ago. According to estimates of 15 Bloomberg analysts, the bank was expected to report a profit of Rs886.50 crore.

Net interest income or the core income a bank earns by giving loans increased 24.7% to Rs1,820.99 crore from Rs1,460.31 crore last year. Other income was at Rs1,187.57 crore, up 22.38% from Rs970.42 crore.

Lakshmi Vilas Bank Q2 net profit down 84%

October 12, 2017 Lakshmi Vilas Bank, Private Banks, Q2 Results, Q2FY18, Results 1 comment

Lakshmi Vilas Bank Ltd on Wednesday said its net profit in the second quarter fell 83.81% from a year ago due to higher provisioning.

Net profit fell to Rs10.50 crore for the three months ended 30 September from Rs64.85 crore in the same quarter last year.

Profit was lower than the Rs41.70 crore estimated by a Bloomberg poll of an analyst.

The bank increased provisions during the quarter to Rs187.38 crore from Rs62.57 crore a year ago. In the April-June quarter, the bank had set aside Rs112 crore in provisions.

South Indian Bank Q2 net profit falls 96%

October 10, 2017 Private Banks, Q2 Results, Q2FY18, Results, South Indian Bank No comments

South Indian Bank Ltd on Tuesday reported 96% decline in its September quarter net profit due to higher provisions.

Net profit for the quarter stood at Rs4.32 crore against Rs110.52 crore a year ago.

Provisions and contingencies surged over 253% to Rs453.68 crore from Rs128.33 crore a year ago. On quarter-on-quarter basis, it jumped over 102% from Rs2,898.22 crore.

Tentative date of results of Banks for Q2 2018

October 09, 2017 Q2 Results, Q2FY18, Results No comments

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

Allahabad Bank Result Date - 10 Nov 2017
Andhra Bank Result Date - 02 Nov 2017
Bank of Baroda Result Date - 14 Nov 2017
Bank of India Result Date - 10 Nov 2017
Bank of Maharashtra Result Date - 10 Nov 2017
Canara Bank Result Date - 27 Oct 2017
Central Bank of India Result Date - 30 Oct 2017
Corporation Bank Result Date - 14 Nov 2017
Dena Bank Result Date - 10 Nov 2017
IDBI Bank Result Date - 31 Oct 2017
Indian Bank Result Date - 06 Nov 2017
Indian Overseas Bank Result Date - 07 Nov 2017
Oriental Bank of Com. Result Date - 08 Nov 2017
Punjab & Sind Bank Result Date - 14 Nov 2017
Punjab National Bank Result Date - 03 Nov 2017
State Bank of India Result Date - 10 Nov 2017
Syndicate Bank Result Date - 31 Oct 2017
UCO Bank Result Date - 03 Nov 2017
Union Bank of India Result Date - 03 Nov 2017
United Bank of India Result Date - 13 Nov 2017
Vijaya Bank Result Date - 26 Oct 2017

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