Public Sector Banks :(Data will update as result will declare)
Quarterly Results of Banks for Q3 2018
Public Sector Banks :(Data will update as result will declare)
Public Sector Banks :(Data will update as result will declare)
Dena Bank slips in red with loss in Q3
State-run Dena Bank today reported a loss of Rs 380.07 crore for the third quarter ended December 31, due to surge in bad loans and provisioning.
The bank had posted a profit of Rs 35.3 crore in the same quarter last year. Total income also declined to Rs 2,475.96 crore from Rs 2,999.5 crore in the December quarter previous fiscal.
Allahabad Bank reports Q3 loss as bad loans rise
State-owned Allahabad Bank on Wednesday reported a net loss of Rs1,263.79 crore in the December 2017 quarter compared to a net profit of Rs75.26 crore a year ago as bad loans mounted and provisions soared.
However, the loss was limited due to a tax write-back of Rs227.50 crore during the quarter. In the year-ago quarter, it had a tax write-back of Rs108.05 crore. Asset quality worsened further. Provisions and contingencies surged 169.32% to Rs2413.46 crore from Rs896.13 crore a year ago.
Indian Overseas Bank(IOB) Q3 loss widens
Indian Overseas Bank (IOB) on Tuesday said that its net loss widened to Rs971.17 crore during the third quarter ended 31 December 2017 as bad loans ratio remained over 20%.
The bank had reported a net loss of Rs554.44 crore in the same quarter a year ago. Sequentially, the loss narrowed compared with Rs1,222.50 crore in the second quarter ended in September 2017.
Punjab & Sind Bank Q3 result, reported loss
Public sector Punjab and Sind Bank has reported a net loss of Rs 258.25 crore in the third
quarter ended December 2017, owing to over two-fold jump in NPA provisioning. It had reported
a net profit of Rs 77.51 crore in the corresponding October-December period of
2016-17.
Operating profit
of the bank, however, was up at Rs 353.13 crore for the December quarter of
2017-18 against Rs 277.10 crore in the same period a year ago, the bank said in
a regulatory filing.
Corporation bank posts Q3 loss due to higher NPA
Corporation Bank has reported a net loss of Rs1,240.49 crore for the December quarter of the current fiscal on higher provisioning for bad loans.
The state-owned bank had, in contrast, registered net profit of Rs159.02 crore in the October-December period of last fiscal. Sequentially, the net loss widened from Rs1,035.20 crore in the second quarter (July-September) of 2017-18. The bank’s total income also decreased to Rs4,841.37 crore in the third quarter of 2017-18, as against Rs5,839.56 crore in the year-ago period as expenses were higher, showed the bank’s balance sheet in a regulatory filing.
Indian Bank Q3 profit down 19%
Indian Bank on Monday reported a fall of nearly 19% in net profit at Rs303.06 crore for the third quarter ended 31 December, due to higher operating expenses, provisioning and contingency reserve.
The public sector bank had registered a net profit of Rs373.48 crore in the corresponding October-December period of previous fiscal.
United bank of india Q3 result, reported net loss
Public sector United Bank of India (UBI) has reported a net loss of Rs637.53 crore during third quarter ended December 2017 on dip in investment income and a substantial rise in non performing assets (NPA) provisioning.
During same period of previous fiscal, the bank had registered a net profit of Rs64.10 crore. “Owing to a drop in trading profit (nearly Rs 375 crore), growth in depreciation on investments (428 per cent) on account on unfavourable market conditions and spike in NPA provisioning by about 95 per cent (Rs 470 crore) during the period, the overall profitability has been adversely affected,” the bank said in a statement.
