Public sector lender Oriental Bank of Commerce (OBC) has reported a net loss of Rs 1,218.01 crore for last quarter ended March 2017 on a huge jump in provisioning for bad loans.
Shares of Vijaya Bank gained as much as 10.18% to Rs97.40 per share, a seven-year high, as its net profit doubled for the fourth quarter on lower provision and higher other income.
Dena Bank on Tuesday reported a net loss of Rs575.26 crore for the March quarter against a Rs326.28 crore loss recorded a year ago due to deterioration in asset quality.
Syndicate Bank on Tuesday reported a net profit of Rs103.84 crore for the fourth quarter of fiscal 2016-17 compared to a loss a year ago on the back of lower provisions and higher other income.
Close to Rs420-crore in tax write-back helped the state-run Union Bank of India on Monday to report a 12.5% increase in the net profit at Rs108.22 crore for the March quarter as its asset quality worsened leading to an over 50% spike in provisions.
Canara Bank on Monday reported a March quarter net profit of Rs.214.18 crore, against a Rs3905.49 crore loss recorded a year ago when it made heavy provisions for bad loans.
Bank of Maharashtra on Thursday reported a net loss of Rs455.45 crore in the March quarter on steep increase in bad loan provisions.
ICICI Bank,
the country's largest private sector lender, has reported a 188.4 percent
(nearly 3-fold) growth in fourth quarter profit at Rs 2,024.6 crore compared
with Rs 702 crore in same quarter last fiscal. The growth was largely driven by
net interest income and lower provisions despite sharp fall in other income and
operating income.
RBL Bank Ltd, formerly known as Ratnakar Bank, reported a 55% increase in profit for the March quarter on higher interest income.Profit rose to Rs130.13 crore in the three months to March from Rs84.18 crore a year ago.
Bandhan Bank on Thursday reported a net profit of Rs1,111.95 crore for the financial year that ended on 31 March. A comparable year-ago figure wasn’t available because the lender started operations only in August 2015.
Private sector lender Kotak Mahindra Bank on Thursday reported a 40.34% rise in quarterly net profit for the year ended quarter, beating market estimates.
Axis Bank Wednesday reported a 43% decline in net profit in the March quarter from a year ago as the private sector lender raised provisions for bad loans.
Private sector Lakshmi Vilas Bank has reported a 6.29% rise in its fourth quarter net profit ending 31 March, 2017 to Rs52.16 crore. The Tamil Nadu-based bank had reported net profit at Rs49.07 crore during corresponding quarter of previous year.
IDFC Bank today posted a net profit growth of 7
percent at Rs 176 crore for the fourth quarter ended March.The
corresponding figure in the previous fiscal read Rs 165.10 crore. Income during
the quarter grew by a marginal 1 percent to Rs 558.40 crore, as against Rs
554.50 crore.
Public sector Indian Bank has reported an over three-fold jump in standalone net profit at Rs319.70 crore for the quarter ending 31 March 2016.
HDFC Bank Ltd on Friday reported a higher-than-estimated fiscal fourth-quarter net profit and stable asset quality, prompting investors in India’s most valuable bank to drive its shares to a record high.
Private sector lender Yes Bank Ltd on Wednesday said its March quarter net profit rose 30.2% due to higher net interest income and other income.
Private sector lender IndusInd Bank Ltd on Wednesday said its net profit for the March quarter rose 21.16% from a year ago due to higher net interest income and other income.
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