Bank of India(BoI) Q3 result,reported huge loss

Public sector lender Bank of India has reported net loss of Rs 2,341.20 crore for quarter ended December 2017, with disappointing asset quality performance and big FY17 divergence.

More than double provisions in Q3 YoY, and lower net interest income, other income and operating income hit profitability. Profit in year-ago quarter stood at Rs 107.72 crore and CNBC-TV18 poll estimated loss at Rs 51.5 crore for the quarter.

Net interest income during the quarter declined 18.4 percent year-on-year to Rs 2,501 crore was far lower than CNBC-TV18 poll estimates of Rs 2,826.6 crore.

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Syndicate Bank posts standalone net loss in Q3

Syndicate Bank posts standalone net loss at Rs869.8cr in Q3FY18 vs. net profit of Rs93.60cr yoy. Syndicate Bank's revenue for Q3FY18 declined by 9.3% yoy to Rs5,945cr. Its NII for the quarter came at Rs1,623cr as against Rs1,391cr yoy. The bank has reported net loss of Rs869.8cr for the quarter, against profit of Rs93.6cr reported in corresponding quarter last year. Its GNPA for Q3FY18 stood at 9.62% as against 9.39% qoq, which has increased by 23bps. NNPA for the quarter came at 5.44% against 5.76% qoq, which has declined by 32bps.

• The provision for the quarter came at Rs2,090cr as against Rs785cr yoy.
• Its capital adequacy ratio for Q3FY18 end stood at 11.88%.

Standalone Results Q3FY18: (Rs. in crore)

	Q3FY18	YoY (%)
NII	1,623	16.7
NPA (%)	9.6	93
Provisions	2,090	166.2
Net Loss (adjusted)	869.80	0

***NPA change is bps

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UCO Bank Q3 net loss widens,bad loans spike

Public sector UCO Bank widened its net loss to Rs 1,016.43 crore in the quarter ended December 2017 as gross bad loans ratio hit over 20 per cent, resulting into nearly doubling the amount for provisioning requirement.

The bank had reported a net loss of Rs 437.09 crore in the corresponding period of the previous fiscal. The losses were also higher compared sequentially against Rs 622.56 crore in the second quarter ended September of this fiscal.

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Bank of Baroda(BoB) Q3 profit down 56% on high provisions

Public sector lender Bank of Baroda said profit in third quarter fell sharply by 56 percent to Rs 111.8 crore, dented by higher provisions but supported by net interest income and operating income. It lower than CNBC-TV18 estimates of Rs 282.6 crore.

Profit in year-ago quarter stood at Rs 252.7 crore.

Net interest income growth of 40.2 percent year-on-year at Rs 4,394 crore was ahead of CNBC-TV18 poll of Rs 3,745.3 crore, with total loan growth of 14 percent YoY at Rs 3.99 lakh crore whereas deposits declined 2.8 percent to Rs 5.73 lakh crore in Q3.

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State Bank of India posts loss in Q3, asset quality weakens

Country's largest lender State Bank ofIndia has posted net loss of Rs 2,416.4 crore for quarter ended December 2017, hit by sharp spike in provisions with weak asset quality.

The bank had reported profit at Rs 1,820 crore for year-ago quarter.

"Net loss was due to lower trading income due to hardening of bond yields, higher corporate slippages leading to higher loan loss provisions and significant investment depreciation hit," the bank said.

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Central Bank of India Q3 loss widens, bad loans rising

Central Bank of India on Friday reported widening of loss to a staggering Rs1,664.22 crore for the third quarter ended 31 December 2017-18, on persisting bad loans.

The state-owned bank had posted Rs605.70 crore loss in the October-December quarter of 2016-17. Its total income decreased to Rs6,589.32 crore during the quarter under review, as against Rs6,787.87 crore in the year-ago period, the bank said in a regulatory filing.

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Andhra Bank post net loss in Q3 on NPA woes

Public sector Andhra Bank reported a net loss of Rs 532.02 crore in the third quarter ended December of this fiscal due to higher bad loan provisioning. The bank had made a net profit of Rs 56.70 crore in corresponding October-December period of 2016-17.

Sequentially, it widened the loss against Rs 385.11 crore loss in the second quarter ended September during this fiscal.

Total income of the bank increased slightly to Rs 5,093.43 crore in the December quarter, as against Rs 5,012.86 crore in the year-ago quarter, the bank said in a regulatory filing.

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City Union Bank Q3 profit up 22.2%

Private sector City Union Bank has recorded a 22.2% rise in its third quarter net profits for the period ending 31 December 2017 at Rs154.79 crore “on strong growth in net interest income”, a top official said.

The Tamil Nadu-based bank had recorded net profits at Rs126.62 crore in the corresponding period of the previous year. Declaring the financial results, the bank’s managing director and chief executive officer (CEO), N. Kamakodi said the robust growth in advances over the last three quarters and “growing interest income enabled our net profit grow by 22 per cent”.

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