Public Sector Banks :(Data will update as result will declare)
Private Sector Banks :(Data will update as result will declare)
Results of Public & Private sector banks for Q3FY19
Punjab & Sind Bank reports net profit in Q3FY19
State-owned Punjab & Sind Bank on Tuesday reported a net profit of Rs 22 crore in the third quarter ended December 2018. It had reported a loss of Rs 258 crore in the corresponding period of 2017-18, according to a release by the company.
The bank's total income increased during the quarter to Rs 2,337.13 crore as against Rs 2,178.69 crore in the corresponding period of 2017-18.
Gross non-performing assets (NPAs) rose to 11.19 per cent of the gross advances at the end of the quarter, against 10.95 per cent in the year-ago period.
However, net NPAs declined to 6.90 per cent, compared with 7.20 per cent a year ago.
As a result, provisions for bad loans increased to Rs 453.88 crore during October-December 2018, against Rs 417.51 crore in the third quarter of the previous fiscal.
Karur Vysya Bank Q3 net profit drops
KVB has posted net profit of Rs.21.20 crores for the period ended December 31, 2018 as against Rs.83.74 crores for the period ended September 30, 2018.
The bank ha reported EPS of Rs.0.27 for the period ended December 31, 2018 as compared to Rs.1.05 for the period ended September 30, 2018.
Andhra Bank's net loss widens in Q3
State-owned Andhra Bank on Monday said its net loss
widened to Rs 578.59 crore in the third quarter ended December 31, as bad loans
surged. The bank had posted a net loss of Rs 532.02 crore in the
October-December quarter previous fiscal.
Total income,
however, rose to Rs 5,322.33 crore for the third quarter of 2018-19 as against
Rs 5,093.43 crore in same period last year, Andhra Bank said in a regulatory
filing.
Provisions for
bad loans during the quarter were raised to Rs 1,790.17 crore, from Rs 1,744.99
crore parked for the same period last fiscal.
The bank
witnessed its asset quality deteriorating as gross non-performing assets (NPAs)
or bad loans ballooned to 16.68 per cent of gross advances by December-end
2018, compared to 14.26 per cent.
In absolute value, the gross bad loans were Rs 28,703.47 crore as against Rs 21,599.32 crore.Net NPAs, however, were trimmed to 6.99 per cent (Rs 10,778.36 crore) by end of the third quarter as against 7.72 per cent (Rs 10,858.32 crore) a year ago.
The provision
coverage ratio as on 31st December, 2018 stood at 68.47 per cent, Andhra Bank
said.
Corporation Bank swings into the black with profit in Q3
Corporation Bank has swung into the
black with a profit of Rs 60.53 crore in December quarter 2018, as provisioning
for bad loans saw a sharp decline, the lender said Monday. The bank had posted
a net loss of Rs 1,240.49 crore in October-December 2017-18.
Total income of
the lender came down to Rs 4,112.32 crore in the latest quarter as against Rs
4,841.37 crore in the same period of 2017-18, it said in a regulatory filing.
The bank said
its provisioning for non-performing assets (NPAs) or bad loans was reduced to
Rs 842.28 crore for the latest quarter as against Rs 2,494.71 crore in the same
period a year ago.
However, the
bank's assets worsened with gross NPAs growing to 17.36 per cent of gross
advances as at December-end 2018, against 15.92 per cent by December 2017.
In value terms, gross NPAs were at Rs
21,921.42 crore as against Rs 21,817.96 crore earlier. Net NPAs surged
to 11.47 per cent (Rs 13,521.22 crore) from 10.73 per cent (Rs 13,853.90
crore).
The bank said it
is maintaining higher provision in terms of NCLT (list 1 and 2 of RBI) and is
holding a total provision of Rs 6,412.45 crore against outstanding amount of Rs
9,075.69 crore (or 70.66 per cent) on these accounts as on December 31, 2018.
Provision
coverage ratio of the bank as at December-end 2018 is 66.13 per cent,
Corporation Bank said.
UCO Bank net loss drops marginally in Q3FY19
State-owned UCO Bank on Friday reported a marginal drop in its net loss at Rs 998.74 crore for third quarter ended December 31, 2018, as bad loans and provisions ballooned.
The bank had posted a net loss of Rs 1,016.43 crore in the same quarter of the previous fiscal.
Total income of the bank also came down to Rs 3,585.56 crore during the October-December period of 2018-19, as against Rs 3,721.93 crore in same quarter of 2017-18, the bank said in a regulatory filing.
The Kolkata-headquartered lender, witnessed worsening asset quality as the gross non-performing assets (NPAs) ballooned to 27.39 per cent of gross loans as on December 31, 2018, from 20.64 per cent in December 2017.
Sequentially also, NPAs were higher from 25.37 per cent by end of second quarter ended September of this fiscal.
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Also read- Q3FY19 Results of all Public & Private Sector banks in India
In value terms, the gross NPAs or bad loans stood at Rs 31,121.79 crore as on December 31, 2018 as against Rs 25,382.40 crore a year-ago.
Net NPAs were 12.48 per cent by end of third quarter as against 10.90 per cent. Value-wise, the net NPAs were Rs 11,755.61 crore, lower than Rs 11,923.45 crore last year.
Thus, provisioning for bad loans during the quarter that ended on December 2018 were hiked to Rs 2,243.85 crore as against Rs 1,682.40 crore a year earlier. The non-performing loan provisioning coverage ratio is 69.49 per cent as on December 31, 2018, UCO Bank said.
The bank said in respect of select borrower accounts covered under the provisions of Insolvency and Bankruptcy Code (IBC), it was required to make additional provision where provision as per Income Recognition and Asset Classification (IRAC) norms lower than the provision required.
“Accordingly, the bank has made additional provision of Rs 242.60 crore in respect of select borrower accounts for the quarter ended December 2018,” it said. The bank also suffered losses due to depreciation in investment, UCO Bank said.
Allahabad Bank narrows losses in Q3FY19
State-run Allahabad Bank on Wednesday announced a net loss of Rs 732.81 crore for the quarter ended December 31, 2018, narrowing the net loss of Rs 1,263.79 crore reported for year ago period.
The lender, which is under the prompt corrective action (PCA) of the Reserve Bank of India (RBI), had reported a net loss of Rs 1,822.71 crore for the second quarter of the current fiscal.
The city-headquartered lender posted an operating profit of Rs 768.97 crore, down by 16.6 per cent year-on-year from Rs 922.17 crore in the corresponding quarter of the last fiscal. But the same increased by 44 per cent quarter-on-quarter from Rs 533.97 crore.
On a year-on-year basis, total income at Rs 4,756.88 crore during the period remained flat compared with Rs 4,755.33 crore in the year-ago quarter. It increased by nearly 8 per cent on the quarter-on-quarter basis from Rs 4,410.72 crore in the July-September period.
During the third quarter of FY19, gross non-performing assets (NPAs) increased on a quarter-on-quarter basis in absolute terms to Rs 28,218.79 crore from Rs 27,236.19 crore in the September quarter.
The net NPA was at Rs 10,865.26 crore in the third quarter , down from Rs 11,082.74 crore by the end of September quarter.
Gross NPA of the bank as a percentage of total loans was at 17.81 per cent by the end of December quarter against 17.53 per cent in the previous quarter. During the period under review, net NPA ratio at 7.70 per cent also decreased sequentially.
Provisions and contingencies were at Rs 1,495.34 crore, down substantially from Rs 2,413.46 crore in Q3FY18. At Rs 1,900 crore, provisions for NPAs decreased by 7 per cent year-on-year.
United Bank of India loss widens in Q3FY19 due to NPA rise
State-owned United Bank of India on Tuesday reported widening of loss to Rs 1,139.25 crore for the December 2018 quarter, owing to rising bad loans.
The Kolkata-based lender had posted a loss of Rs 637.53 crore in the corresponding quarter a year ago.
However, the total income of the bank rose to Rs 2,846.23 crore during the quarter, compared with Rs 2,483.01 crore in the year-ago quarter.
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Its asset quality worsened with gross non-performing assets (NPAs) rising to 21.27 per cent (Rs 14,737.61 crore) of the gross advances as on December 2018, compared with 20.10 per cent (Rs 13,720.69 crore).
Net NPAs or bad loans also increased to 12.08 per cent (Rs 7,489.89 crore) from 11.96 per cent (Rs 7,365.14 crore).
As a result, provision other than tax and contingencies nearly doubled to Rs 1,967.20 crore, compared with Rs 1,074.35 crore in the same period a year ago.
IDFC First Bank posts big loss in Q3FY19
Private sector lender IDFC First Bank Tuesday reported a net loss of Rs
1,538 crore during the December 2018 quarter, due to one-time
exceptional charge to its profit and loss account (P&L) for
amalgamating Capital First with itself.
The bank had registered a net profit of Rs 146.11 crore in the corresponding quarter of previous fiscal.
Sequentially, there was a net loss of Rs 369.69 crore in the second quarter ended September of the current fiscal.
Total income of IDFC First Bank, previously IDFC Bank, rose to Rs
3,968.40 crore in December quarter of 2018-19, compared with Rs 2,514.51
crore in the corresponding period of 2017-18, it said in a regulatory
filing.
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Under Section 15 of the Banking Regulation Act 1949, banks are
restricted from declaring dividend in the event a bank carries
intangible assets such as goodwill on its balance sheet, IDFC First Bank
said.
"Therefore, as a prudent measure, intangible assets acquired or
arising on amalgamation have been fully amortised through profit and
loss account in the quarter and nine months ended December 31, 2018.
"This accelerated amortisation charge to profit and loss account for
the quarter and nine months ended December 31, 2018 of Rs 2,599.35
crore is exceptional in nature and resulted in loss for the quarter
ended December 31, 2018," the bank said.
On the asset front, there was a reduction in bad assets with gross
non-performing assets (NPAs) coming down to 1.97 per cent of the gross
advances as at the end of December 2018, from 5.62 per cent as against a
year ago. In value terms, gross NPAs were Rs 1,670.85 crore, down from
Rs 2,776.67 crore.
Net NPAs were 0.95 per cent (Rs 796.02 crore), against 2.52 per cent (Rs 1,206.28 crore).
The bank said merger of Capital First and its wholly owned
subsidiaries, Capital First Home Finance and Capital First Securities,
with IDFC Bank has been approved by the Reserve Bank of India, the
Competition Commission of India, the Securities and Exchange Board of
India, stock exchanges, the respective shareholders and creditors of
each entities.
The name of IDFC Bank changed to IDFC First Bank with effect from January 12.
Lakshmi Vilas Bank(LVB) net loss widens in Q3FY19
Private sector lender Lakshmi Vilas Bank (LVB) on Monday reported widening of its net loss to Rs 373.49 crore for third quarter ended December 2018, as bad loans more than doubled year-on-year. It had posted a net loss of Rs 39.23 crore during the corresponding period of the previous fiscal. Sequentially, there was a net loss of Rs 132.31 crore in the second quarter ended September 2018.
Total income also fell to Rs 762.48 crore in October-December 2018 as compared with Rs 817.51 crore, the bank said in a regulatory filing.
The bank's gross bad loans more than doubled to 13.95 per cent of gross loans during the quarter, against 5.66 per cent by in the year-ago quarter.
In value terms, gross bad loans or non-performing assets (NPAs) ballooned to Rs 3,364.28 crore as against Rs 1,427 crore a year ago.
Net NPAs rose to 7.64 per cent (Rs 1,716.22 crore) from 4.27 per cent (Rs 1,060.46 crore).
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Thus, the provisioning for bad loans and contingencies were raised to Rs 431.39 crore for the quarter, against Rs 85.35 crore in the corresponding period of 2017-18.
Total business stood at Rs 54,910 crore as against Rs 55,851 crore a year ago.
The return on assets plunged to (-) 3.90 per cent in the December quarter, against (-) 0.42 per cent for the year-ago period.
"Over the quarter, the bank has reduced exposure to NBFCs, real estate and infrastructure sectors by Rs 800 crore. Exposure to the NBFC sector is today at Rs 2,136 crore, which is 8.16 per cent of the lending book. There is no NPA in this sector with us," it said in a release.
The bank's exposure to the real estate sector is Rs 3,742 crore, which is 14.3 per cent of the lending book of the bank.
"Out of this exposure, Rs 1,832 crore is to developers. Stress is of Rs 245 crore. The exposure to LAPs (loan against property) is Rs 959 crore. We have not noticed any particular stress in that book," the bank said.
Punjab National Bank(PNB) Q3 profit rises 7%; asset quality improves
Punjab National Bank(PNB) reported a surprise net profit of Rs 246.5 crore for the December quarter. This implies a jump of 7 percent from Rs 230 crore that the bank posted during the same quarter of last year.
The net interest income (NII) rose around 8 percent at Rs 4,290 crore against Rs 3,989 crore that the lender reported last year.
On the asset quality front, gross non-performing assets (NPAs) stood at Rs 77,733 crore against Rs 81,251 crore that was reported during the previous quarter. Net NPAs have fallen to Rs 35,675 crore from Rs 38,279 crore last year.
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Gross NPA ratio fell to 16.33 percent for the quarter under review against 17.16 percent last quarter. The net NPA ratio fell to 8.22 percent from 8.9 percent in the previous quarter.
Provisions stood at Rs 2,754 crore against Rs 9,758 crore in the last quarter. Last year, it had reported provisions of Rs 4,467 crore.
The bank further informed that it has written back a provision of Rs 163 crore for its IBC accounts. It has made a provision of Rs 2,014 crore in relation to a fraud.
IDBI Bank reports threefold increase of loss in Q3
IDBI Bank Monday posted widening of loss by nearly threefold to Rs 4,185.48 crore for the third quarter ended December 2018 as bad loans surged.
The bank had reported a net loss of Rs 1,524.31 crore in the corresponding quarter of the previous fiscal.
Total income decreased to Rs 6,190.94 crore for the quarter, compared with Rs 7,125.20 crore in the corresponding quarter a year ago, IDBI Bank said in a statement.
The bank's gross non-performing assets (NPAs) shot up to 29.67 per cent of gross advances during the quarter, against 24.72 per cent in the year-ago period.
However, net NPAs declined to 14.01 per cent of the total advances, from 16.02 per cent in the December 2017 quarter.
As a Result,result, the bank's provision for bad loan increased to Rs 5,074.80 crore, compared with Rs 3,649.82 crore a year ago.
However, slippages were Rs 2,211 crore which were lowest in the past seven quarters, Recovery from NPAs improved to Rs 3,440 crore during the quarter, compared with Rs 537 crore in the same period a year ago.
The ownership of the bank has changed from the Government of India to LIC.
The statement further said Life Insurance Corporation of India (LIC) completed acquisition of 51 per cent controlling stake in IDBI Bank on January 21 and the bank received total capital of Rs 21,624 crore from the insurer.
On the backdrop of capital infusion from LIC, it said that the bank has achieved regulatory capital requirement as on December 31, 2018, and its common equity tier-1 (CET-1) capital improved to 9.32 per cent as on December 31, 2018, against 6.62 per cent a year ago.
Central Bank of India narrows loss in Q3FY19
Central Bank of India on Friday reported a loss of Rs.718.23 crore for the third quarter ended December 2018 against that of Rs.1,664.22 crore in the October-December quarter of previous fiscal.
Its total income decreased to Rs.6,329.17 crore during the quarter under review, as against Rs.6,589.32 crore in the year-ago period, the bank said in a regulatory filing.
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Asset quality of the bank further deteriorated as gross non-performing assets (NPAs) grew to 20.64 per cent of gross advances during the December quarter, as against 18.08 per cent in the year-ago period. Net NPAs also increased at 10.32 of advances from 9.45 per cent a year ago.
However, the provisioning for bad loans and contingencies on net basis was at Rs.1,818.85 crore during the quarter, down from Rs.3,427.03 crore a year ago.
The provision for bad loans also declined to Rs.2,039.19 crore against Rs.3,081.56 crore in the same period a year ago.
Syndicate bank posts profit in Q3FY19
Reversing its loss-making spree during the past four quarters, Syndicate Bank on Saturday announced a net profit of Rs 108 crore during the October-December quarter of financial year 2018-19. The bank’s CASA (current and savings account) percentage for domestic deposits increased to 34.96 per cent during the December quarter of FY19 from 33.49 per cent during the September quarter.
Also read- Q3FY19 Results of all Public & Private Sector banks in India
Also read- Q3FY19 Results of all Public & Private Sector banks in India
The global business of the bank stood at Rs 4,67,911 crore. The gross NPA ratio improved to 12.54 per cent in the third quarter, compared to 12.98 per cent in the second quarter, while the net NPAs stood at 6.75 per cent in Q3FY19, against 6.83 per cent in Q2FY19.
