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Nationalized Banks, State Bank Group Banks have been included here as PS Banks :
Q4 2015-16 Results of Private Sector Banks in India
Dhanlaxmi Bank Q4 loss narrows to Rs 131.6 cr
Dhanlaxmi Bank 's net loss decreased to Rs 131.6 crore in the last quarter of 2015-16 ended March 31, 2016 against that of Rs 266.61 crore in the same period a year ago.
Total income of the bank declined by 3.8 percent to Rs 323.98 crore in the reported quarter from Rs 337.05 crore a year ago, the bank said in a BSE filing.
For the year ended March 31, 2016, net loss of the bank narrowed to Rs 209.45 crore from Rs 241.47 crore at the end of 2014-15.
Total annual income of the company during period under review declined to Rs 1281 crore from Rs 1368.54 crore, it said.
Total income of the bank declined by 3.8 percent to Rs 323.98 crore in the reported quarter from Rs 337.05 crore a year ago, the bank said in a BSE filing.
Total annual income of the company during period under review declined to Rs 1281 crore from Rs 1368.54 crore, it said.
Karur Vysya Bank Q4 net profit at Rs 138 cr
Karur Vysya Bank net profit during the fourth quarter rose by 0.12 per cent to Rs 138 crore from Rs 137.84 crore.
Net interest income increased by 18.94 per cent from Rs 397.38 crore to Rs 472.65 crore during the fourth quarter of FY16.
Gross NPA declined from 1.85 per cent to 1.30 per cent and net NPA declined from 0.78 per cent to 0.55 per cent during the current year.
The provision coverage ratio stood at 82.46 per cent.
Capital adequacy of the Bank as per Basel-III stood at 12.17 per cent against the regulatory minimum level of nine per cent. As per Basel-II, it is 12.26 per cent.
Total deposits grew by 12.06 per cent from Rs 44,690 crore as at March 31, 2015 to Rs 50,079 crore as at March 31, 2016. Gross advances grew by 7.59 per cent from Rs 36,691 crore to Rs 39,476 crore.
Total income of the bank stood at Rs 6,150.22 crore for the period ended March 31, 2016 as against Rs 5,976.71 crore during the previous year, clocking a growth of 2.90 per cent.
IOB posts Rs 936 cr loss in Q4, against Rs 35 cr profit a year ago
Total income has decreased to Rs 6,158 crore, from Rs 6,704 crore for the quarter ended March 2015.
Gross NPAs stood at Rs 30,049 crore, with gross NPA ratio of 17.4 per cent. Net NPA stood at Rs 19,213 crore, with net NPA ratio 11.9 per cent as on March 31.
In 2015-16, the Bank has raised capital to the tune of Rs 2,009 crore from the centre and Rs 202 crore from LIC.
Canara Bank posts Rs 3,905 crore loss in Q4
Public sector lender Canara Bank disappointed analysts on Friday by posting a huge loss of Rs 3,905.5 crore in January-March quarter (against profit of Rs 613 crore in year-ago period) due to a 6-fold jump in provisions despite tax write-back.
Net interest income, the difference between interest earned and interest expended, declined 4.5 percent to Rs 2,374.8 crore compared to year-ago period due to 1.6 percent fall in advances (at Rs 3.24 lakh crore).
Deposits on yearly basis grew only 1.25 percent to Rs 4.79 lakh crore during the quarter. The bank said other income increased 4.3 percent year-on-year to Rs 1,383.3 crore while operating profit fell 5 percent to Rs 1,646.55 crore in Q4.
Provisions for bad loans have seen a 4-fold (QoQ) and 6-fold (YoY) jump at Rs 6,331.5 crore in January-March quarter. Asset quality deteriorated further in Q4 with gross non-performing assets (NPA as a percentage of gross advances) rising 356 basis points to 9.4 percent and net NPA climbing 252 bps to 6.42 percent on sequential basis.
SBI Q4 net tanks 66%, provisions up 143%, slippages Rs 30313 cr
India’s largest lender State Bank of India (SBI) on Friday said net profit in the January-March quarter fell 66% from a year ago, due to higher provisions against rising bad loans. This is the bank’s sharpest fall in net profit since March 2011, when it fell 99%.
SBI shares rose 6.42% to Rs.195.55 apiece on BSE, while the Sensex rose 1.09%, or 286.92 points, at 26,653.60.
The state-owned lender reported a net profit of Rs.1,263.81 crore, down from Rs.3,742 crore a year ago. SBI’s net interest income (NII), or the difference between interest earned on loans and that spent on deposits, increased 4% from last year to Rs.15,291 crore during the period.
Other income during the January-March period rose 25.6% to Rs.10,695.6 crore.
Gross non-performing asset (NPA) ratio for the fourth quarter was reported at 6.5%, higher than 5.1% reported in the October-December period and 4.25% reported a year ago. As an absolute number, gross NPAs rose 35% quarter-on-quarter to Rs.98,173 crore.
Bank of India (BOI) Q4 net loss at Rs 3,587 cr as bad loans rise
State-owned Bank of India’s net loss more than doubled in the three months ended 31 March on a sequential basis as bad-loan provisions surged.
Net loss was Rs.3,587 crore in the quarter, up from a net loss of Rs.1,505 crore in the three months ended December. In the year-ago period, the bank had reported a loss of Rs.56 crore.
A Bloomberg survey of 16 analysts had expected the bank to post a fourth-quarter loss of Rs.1,145.60 crore.
Several state-run lenders have reported large losses in the March quarter after heeding a Reserve Bank of India (RBI) directive to count visibly stressed assets as bad loans and make provisions to cover the risk of default.
The RBI’s directive followed an asset quality review (AQR) of banks.
Punjab National Bank reported a record Rs.5,367 crore net loss for the quarter ended March.
IDBI Bank Q4 loss at Rs 1736 cr, provisions up 159%; NPA spikes
State-owned IDBI Bank Ltd reported a net loss of Rs.1,735.8 crore for the quarter ended 31 March after setting aside more money to cover the risk of loan default.
The bank had reported a net profit of Rs.546 crore a year ago, and a loss of Rs.2,184 crore in the October-December period.
The bank also had a tax writeback of Rs.1,119 crore but for which the loss would have been steeper.
Total provisions for the quarter rose to Rs.4,450 crore, up 19.5% from Rs.3,723 crore in the December quarter. Provisions during the same quarter last year were Rs.1,718 crore.
Provisions surged due to recognition of stressed loans as
non-performing assets (NPAs) on a directive by the Reserve Bank of India
after its asset quality review in December.
The gross NPA ratio for the January-March period jumped to 10.98% of
total loans, higher than 8.94% in the third quarter. Gross NPAs as an
absolute number rose 26.8% to Rs.24,875 crore from Rs.19,615.22 crore in December.
Syndicate Bank Q4 loss at Rs 2158 cr, provisions jump 3-fold
Public sector lender
Syndicate Bank
has posted a loss of Rs 2,158.2 crore in January-March quarter against
profit of Rs 416.92 crore in year-ago period, hit by sharp increase in
provisions and exceptional loss.
The stock rallied more than 8 percent
intra day after the bank said balance sheet has been cleaned up.
Net interest income, the difference between interest earned and interest
expended, grew by 2.7 percent to Rs 1,461.82 crore in Q4 compared to Rs
1,423.05 crore in corresponding quarter of last fiscal.
"Global net interest margin declined to 2.14 percent in Q4 compared to
2.29 percent in year-ago period and domestic net interest margin fell to
2.5 percent from 2.6 percent in same period," the bank said.
Provisions increased significantly by 237.2 percent year-on-year and
175.6 percent quarter-on-quarter to Rs 2,411.83 crore in quarter gone
by.
Syndicate Bank said exceptional loss of Rs 882.65 crore was on account
of major fraud discovered at three branches of the bank in Jaipur
region.
Other income (non-interest income) rose 6 percent to Rs 842.28 crore
while operating profit declined 15.5 percent to Rs 1,015.35 crore
compared to same quarter last fiscal.
PNB reports Q4 loss of Rs 5,367 crore, biggest in Indian banking history
State-run Punjab National Bank (PNB) has posted net loss of Rs 5,367.14 crore in January-March quarter, which is the highest ever loss reported by an Indian Bank, against profit of Rs 306.56 crore in year-ago period.
Sharp surge in provisions and weak asset quality hit profitability despite higher other income and big tax write-back. A 4.6 percent intraday rally in the stock could be on the view that the worst in terms of bad asset quality may be over for the time being.
Net interest income, the difference between interest earned and interest expended, plunged 27 percent to Rs 2,767.7 crore while other income (non-interest income) grew sharply by 35.8 percent to Rs 2,452.16 crore compared to corresponding period of last fiscal. Operating profit saw marginal increase at Rs 3,227.85 crore during the quarter compared to Rs 3,202.7 crore in same period last fiscal.
The country's second largest public sector lender disappointed on earnings front. Loss was expected at Rs 53 crore and net interest income was estimated at Rs 4,177 crore for the quarter, according to CNBC-TV18's consensus estimates.
Corporation Bank posts Rs 511 crore loss for Q4 as bad loans rise
State-owned Corporation Bank on Wednesday posted a net loss of Rs.510.9 crore for the last quarter of 2015-16 fiscal due to rise in provisions for bad loans. The bank had a net profit of Rs.45 crore in the January-March quarter of 2014-15, Corporation Bank said in a statement.
For the entire 2015-16, the bank recorded a loss of Rs.506.48 crore, compared to Rs. 584.25 crore profit in the previous fiscal. However, total income rose to Rs.21,146.39 crore in the last financial year from Rs.21,038.09 crore in 2014-l5.
As far as asset quality of the bank is concerned, the gross NPAs as a percentage to total advances rose to 9.98% from 4.81% in the same quarter a year ago. Its net NPAs also increased to 6.53%, from 3.08% at the end of March 2015
United Bank of India faces Rs 413 crore loss in Q4
Higher non-performing assets and provisioning pulled Kolkata-based United Bank of India into
red, as the bank posted a net loss of about Rs 413.04 crore for Q4 of
FY16, against a profit of around Rs 105.52 crore in the same period last
year. Notably, in Q3 of the present financial year, the bank had posted
a net profit of Rs 17 crore.
The bank's non performing assets (NPA) rose sharply in the last quarter. The bank's net NPA in
the last quarter was 9.04 per cent (6.22 per cent in Q3 of FY15) while
the gross NPA was 13.26 per cent ((9.49 per cent in Q4FY15).
The bank said the higher NPAs were largely on account of asset quality
review, as advised by RBI, along with economic slowdown during the
quarter.
The provisions against NPA loans went up from about Rs 100 crore as on
31 March 2015 to about Rs 925 crore as on 31 March 2016. The total
provisions (other than tax) and contingencies of the bank in Q4 of FY16
stood at Rs 1173 crore, against about Rs 676 crore in the corresponding
period last year.
Dena Bank posts Rs 326 cr loss as bad loans provision rise 200%
State-run Dena Bank
on May 16 reported a net loss of Rs 326.39 crore in the quarter to
March due to increase in provisions for bad loans which soared 200
percent to Rs 1,094 crore.
The bank had reported a net profit of Rs 55.82 crore in the same period
last year. In the December quarter, the mid-sized lender had reported a
net loss of Rs 662.85 crore.
"Losses are mainly due to increase in the provisions for NPAs on account
of asset quality review and fresh slippages," bank's chairman and
managing director Ashwani Kumar told reporters here today.
Provisions for NPAs rose 200 percent to Rs 1,094.24 crore from Rs 365.93
crore in the year-ago quarter, while total provisions stood at Rs
560.08 crore as against Rs 321.98 crore.
For the full year, the bank reported a net loss of Rs 935.32 crore as
against a net profit of Rs 265.48.
The bank's net interest margins slipped to 2.12 percent from 2.22
percent.
Vijaya Bank Q4 Net Profit Falls 26% To Rs 71 Crore
State-owned Vijaya Bank on Thursday reported a 26 per cent decline in net profit to Rs 71.31 crore for the March quarter.The bank had a net profit of Rs 96.80 crore in the January-March quarter of 2014-15 fiscal, Vijaya Bank said in a BSE filing.
Total income of the bank declined to Rs 3,228.48 crore in the January-March quarter of the 2015-16 fiscal as against Rs 3,408.12 crore in the year-ago period.
For entire 2015-16 fiscal, the bank's net profit slipped to Rs 381.80 crore compared with Rs 439.41 crore in the previous fiscal.
The total income also declined to Rs 12,957.44 crore during the fiscal from Rs 13,152.49 crore in 2014-l5.
UCO Bank posts Rs 1,715 crore in Q4 loss as bad loans surge
UCO Bank on Friday reported a net loss of Rs.1,715.16 crore for the March quarter due to high provisions and low net interest income and other income.
This was the second consecutive quarter when the bank reported a net loss. The bank reported a profit of Rs.209.28 crore a year ago.
Net interest income (NII), or the core income a bank earns by giving loans, fell 26.85% to Rs.933.11 crore from Rs.1,275.67 crore in the same quarter last year. Non-interest income fell 41.47% to Rs.387.80 crore from Rs.662.55 crore in the same period last year.
Gross non-performing assets (NPAs) rose 103.68% to Rs.20,907.73 crore at the end of the March quarter from Rs.10,265.05 crore a year ago. The bank reported gross NPAs of Rs.14,931.80 a quarter ago.
Provisions and contingencies jumped 142.14% to Rs.2,344.80 crore in the quarter, from Rs.968.38 crore a year ago. In the December quarter, the bank reported provisions of Rs.2,360.84 crore.
Punjab & Sind Bank logs Rs 98 cr profit in Q4
State-run Punjab & Sind Bank today reported a profit of Rs 98.12 crore for the March quarter despite increase in bad loans. The bank had posted a loss of Rs 70.24 crore during the corresponding quarter of the previous fiscal.
Total income during the quarter rose to Rs 2,302.27 crore as against Rs 2,234.90 crore in the year-ago period.
Gross NPAs as a percentage of total advances surged to 6.48 per cent from 4.76 per cent a year ago.
The bank's net NPAs increased to 4.62 per cent compared with 3.55 per cent at the end of March 2015.
The bank, meanwhile, has recommended a dividend of Rs 1.65 per unit for 2015-16.
For entire fiscal, the bank's net profit rose threefold to Rs 336 crore compared with Rs 121 crore in the previous year.
Allahabad Bank posts Q4 net loss of Rs 581 cr
Public sector Allahabad
Bank
on May 13 reported a net loss of Rs 581.13 crore for the last quarter
ended March 2016 as it substantially raised the amount towards bad loans
provisioning in accordance with RBI's asset quality directives.
The Kolkata-headquartered lender had made a net profit of Rs 202.63
crore in the January-March quarter of 2014-15.
The bank almost quadrupled the provisioning and contingencies amount to
Rs 2,487.15 crore for the quarter ended March 2015-16, as against Rs
631.11 crore kept aside for the same period a year ago.
Also, the total income of the bank fell to Rs 5,051.38 crore in the
quarter to March 2015-16, from Rs 5,390.71 crore earned a year ago, it
said in a regulatory filing.
Bad loans problem also reflected on overall performance of the Bank, as
it suffered a net loss of Rs 743.31 crore in 2015-16.
Union Bank of India Q4 profit falls 78.34% to Rs96.12 crore
Union Bank of India on Friday reported a 78.34% fall in net profit in
the March quarter as it set apart more money to cover the risk of loan
default and earned less interest and non-interest income.
The bank reported a profit of Rs.96.12 crore in the quarter, compared to Rs.443.77 crore a year ago.
Net interest income (NII), or the core income a bank earns by giving loans, fell 1.71% to Rs.2,084.69 crore from Rs.2,121.05 crore last year same quarter.
The bank benefited from a tax write-back of Rs.251.18 crore, which saved it from posting a net loss. In the year-ago quarter, it paid Rs.198.58 crore in tax.
Non-interest income fell 12.8% to Rs.996.39 crore from Rs.1,143.07 crore in the same period last year.
Gross non-performing assets (NPAs) rose 85.49% to Rs.24,170.89 crore at the end of the March quarter from Rs.13,030.87 crore a year ago. The bank reported gross NPA of Rs.18,495.16 a quarter ago.
Central Bank of India posts Rs 898.04 crore loss in Q4
Central Bank of India on Friday reported a net loss of Rs.898.04 crore for the March quarter due to higher provisions for bad loans. The loss was restricted due to a tax write-back of Rs.1,448.86 crore in the quarter.
This was the second consecutive quarter that the bank has reported a
net loss. In the third quarter, the bank had reported a loss of Rs.835.52 crore. The lender reported a profit of Rs.174.29 crore in the March 2015 quarter.
Gross non-performing assets (NPAs) surged to Rs.22,720.88 crore at the end of the March quarter from Rs.11,873.05 crore a year ago. The bank reported gross NPAs of Rs.17,563.83 in the December quarter.
Provisions and contingencies jumped to Rs.2,286.66 crore in the quarter from Rs.617.17 crore a year ago. For the December quarter the bank set aside Rs.1,499.05 crore as provisions against bad loans.
In December, the Reserve Bank of India (RBI) conducted an asset
quality review across the banking sector, following which banks were
asked to recognize visibly stressed assets as non-performing assets
(NPAs).
RBI also asked banks to make adequate provisions for these stressed assets.
As a percentage of total loans, gross NPAs stood at 11.95% at the end
of the March quarter as compared with 8.95% in the previous quarter and
6.09% in the year ago quarter.
Bank of Maharashtra books Rs 120 cr loss in Q4
State-owned Bank of
Maharashtra
on May 12 posted a net loss of Rs 119.84 crore for the fourth quarter
ended March 2016 due to rise in bad loans.
The bank had a net profit of Rs 112.72 crore in the January-March
quarter of 2014-15 fiscal, BoM said in a statement.
Total income of the bank declined to Rs 3,566.68 crore in the
January-March quarter, as against Rs 3,598.89 crore in the year-ago
period.
For the entire 2015-16, the bank's net profit slipped to Rs 100.69
crore, compared to Rs 450.69 crore in the previous fiscal.
However, the total income rose to Rs 14,072.27 crore from Rs 13,671.42
crore in 2014-l5.
As far as asset quality of the bank is concerned, the gross NPAs as a
percentage to total advances rose to 9.34 percent from 6.33 percent in
the same quarter a year ago.
Its net NPAs also increased to 6.35 percent, from 4.19 percent at the
end of March 2015.
