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.

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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.

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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. 

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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.

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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.

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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.

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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.

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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%.

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