ICICI Bank Q3 result, net profit falls 32%
ICICI Bank Ltd on Wednesday reported a 32.42% fall in fiscal third-quarter profit as the bank set aside more money to cover the risk of default on bad loans.
Net profit fell to Rs1,650.24 crore in the quarter ended 31 December from Rs2,441.82 crore a year ago. According to 26 Bloomberg analyst estimates, the bank was expected to post a net profit of Rs1,902.50 crore.
Provisions and contingencies rose 31.59% to Rs3,569.56 crore from Rs2,712.70 crore a year ago. On a quarter-on-quarter, they fell 20.73% from Rs 4,502.93 crore.
Karur Vysya Bank Q3 result, net profit drops 38%
Karur Vysya Bank’s net profit declined by over 38% to Rs71.49 crore for the quarter ending December due to a rise provisions for bad loans.
The private sector lender had registered a net profit of Rs115.76 crore in the corresponding October-December period of previous fiscal 2016-17.
Oriental Bank of Commerce(OBC) Q3 result, net loss widens
Public sector Oriental Bank of Commerce on Tuesday said its net losses widened to Rs1,985.42 crore in the third quarter ended 31 December, mainly due to uptick in bad loans that required higher allocation as reserve money.
Lakshmi Vilas Bank Ltd Q3 result, reported net loss
Lakshmi Vilas Bank (LVB)slipped into the red during the third quarter of this fiscal.
For the quarter ended December 31, 2017, the bank has reported a net loss of Rs.39 crore, compared with a net profit of Rs.78 crore in the same period of the previous year on the back of lower operating profit. There was a significant drop in other income and higher provisions made for contingencies.
Operating profit of the bank fell significantly to Rs.46 crore from Rs.171 crore. Other income fell to Rs.27 crore, compared with Rs.150 crore in Q3 of the previous fiscal.
Canara Bank Q3 result, profit slumps 61%
Canara Bank said on Wednesday its third-quarter net profit plunged 61 percent, missing analysts’ estimates, pulled down by higher provisions for bad loans.
Net profit came in at Rs. 126 cr for the quarter ended Dec. 31, compared with Rs. 322 cr a year ago, the country's fifth-biggest state-run lender by assets said.
Vijaya Bank Q3 result, net profit drops 65%
State-owned Vijaya Bank on Wednesday reported a 65.45% decline in net profit at Rs79.56 crore for the third quarter ended on 31 December 2017, due to rise in provisions. The bank had posted a net profit of Rs230.28 crore in the same quarter a year ago.
The bank’s total income also declined 7.09% to Rs3,450.81 crore in the quarter from Rs3,714.37 crore a year ago, Vijaya Bank said in a BSE filing.
RBL Bank Q3 result, profit up 28%
Private-sector lender RBL Bank’s net profit for the quarter ended December 2017 rose by 28 per cent to Rs 1.65 billion (Rs 165 crore) backed by rising in net interest and other income. This was against a net profit of Rs 1.28 billion (Rs 128 crore) in the previous year’s corresponding quarter.
Axis Bank Q3 result, net profit rises 25%
Axis Bank Ltd on Monday reported a 25.3% increase in its fiscal-third quarter profit as the bank provided lower provisions against its bad loans.
Net profit rose to Rs726.44 crore for the quarter ended 31 December from Rs579.57 crore a year ago. According to 16 Bloomberg analysts’ estimates, the bank was expected to post a net profit of Rs818.70 crore.
Kotak Mahindra Bank Q3 profit rises 19.7%
Kotak Mahindra Bank Ltd on Friday said it reported 19.72% increase in its net profit for the December quarter due to higher net interest income (NII) and other income.
Net profit rose to Rs1,053.21 crore for the quarter ended 31 December from Rs879.76 crore a year ago. According to 17 Bloomberg analysts’ estimates, the bank was expected to post a net profit of Rs963.80 crore. On consolidated basis, the bank reported a net profit of Rs1,624 crore, up 28% from a year ago.
IDFC Bank Q3 result profit falls 24%
IDFC Bank on Friday reported a 23.6% decline in its fiscal third quarter profit due to fall in net interest income (NII), other income and higher other operating expenses.
Net profit fell to Rs146.11 crore for the quarter ended 31 December from Rs191.26 crore a year ago. According to four Bloomberg analysts’ estimates, IDFC was expected to post a net profit of Rs178.80 crore.
NII or the core income a bank earns by giving loans decreased 5% to Rs494.96 crore compared with Rs520.77 crore last year. Other income was at Rs230.79 crore, down 31% from Rs334.20 crore a year ago. Other operating expenses surged 41% to Rs157.73 crore.
HDFC Bank Q3 result profit rises 20%
India's largest private lender HDFC Bank Ltd on Friday reported a 20.1% rise in Q3 profit on higher net interest income (NII) and other income. HDFC Bank’s net profit rose to Rs4,642.60 crore for the quarter ended 31 December from Rs3,865.33 crore a year ago.
According to 17 Bloomberg analysts’ estimates, the bank was expected to post a net profit of Rs4,706.90 crore.
Yes Bank Q3 profit rise by 22%
Yes Bank on Thursday reported a 22% rise in its fiscal-third quarter profit on higher net interest income and other income.
Net profit rose to Rs1076.87 crore for the quarter ended 31 December from Rs882.63 crore a year ago. According to Bloomberg survey of 15 analysts, the bank was expected to post a profit of Rs 1,075.50 crore.
Net interest income (NII) or the core income a bank earns by giving loans increased 26.8% to Rs1888.80 crore compared with Rs1489.33 crore last year. Other income was at Rs1422.26 crore, up 39.91% from Rs1016.52 crore a year ago.
Federal Bank Q3 net rises 26%
Federal Bank has posted a 26.43 per cent growth in net profit in the third quarter at Rs260.01 crore compared to the corresponding period of the previous fiscal. The operating profit increased by 18 per cent to reach Rs 561.40 crore as on December 31.
The total business grew 14.60 per cent from Rs 1,61,864.87 crore to Rs.1,85,490.17 crore. While total deposits reached Rs 1,00,537.10 crore from Rs92,235.65 crore, net advances grew 22.01 per cent to reach Rs 84,953.08 crore.
Karnataka Bank Q3 net profit up 27.5%
Private sector lender Karnataka Bank has
reported a whopping 27.6 percent growth in profit for quarter ended December
2017, with improving asset quality. The growth was driven by net interest
income, operating income and other income.
Profit during
the quarter increased to Rs 87.4 crore, up from Rs 68.5 crore in year-ago, the
bank said in its filing.
IndusInd Bank Q3 net profit rises 25%
Indusind Bank Ltd on Thursday reported a 24.73% jump in its December quarter net profit on the back of higher net interest income and other income.
Net profit for the quarter stood at Rs936.25 crore against Rs750.64 crore a year ago. According to eight Bloomberg analysts’ estimates, the bank was expected to post a profit of Rs945 crore.
South Indian Bank Q3 result,net profit rises 3.2%
South Indian Bank on Tuesday reported a 3.25% marginal rise in net profit for its December quarter as it provided less provisions for bad loans.
Net profit for the quarter was Rs115 crore against Rs111.38 crore a year ago. In the September quarter, its profit plummeted over 96% due to a 120% jump in its provisions.
Tentative date of results of Banks for Q3 2018
| Allahabad Bank Result Date - 14 Feb 2018 | |
| Andhra Bank Result Date - 08 Feb 2018 | |
| Bank of Baroda Result Date - 09 Feb 2018 | |
| Bank of India Result Date - 12 Feb 2018 | |
| Bank of Maharashtra Result Date - 06 Feb 2018 | |
| Canara Bank Result Date - 24 Jan 2018 | |
| Central Bank of India Result Date - 09 Feb 2018 | |
| Corporation Bank Result Date - 12 Feb 2018 | |
| Dena Bank Result Date - 14 Feb 2018 | |
| IDBI Bank Result Date - 31 Jan 2018 | |
| Indian Bank Result Date - 12 Feb 2018 | |
| Indian Overseas Bank Result Date - 13 Feb 2018 | |
| Oriental Bank of Com. Result Date - 30 Jan 2018 | |
| Punjab & Sind Bank Result Date - 13 Feb 2018 | |
| Punjab National Bank Result Date - 06 Feb 2018 | |
| State Bank of India Result Date - 09 Feb 2018 | |
| Syndicate Bank Result Date - 09 Feb 2018 | |
| UCO Bank Result Date - 09 Feb 2018 | |
| Union Bank of India Result Date - 03 Feb 2018 | |
| United Bank of India Result Date - 12 Feb 2018 | |
| Vijaya Bank Result Date - 24 Jan 2018 |
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