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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.
