Karur Vysya Bank Q4 result, net profit up by 58% to Rs 217 cr

Karur Vysya Bank (KVB) net profit rose by 57.65 per cent during the fourth quarter FY17 to Rs 217.56 crore as against Rs 138 crore in the corresponding period in the year-ago period.

Bank's operating profits increased by 55.30 per cent to Rs 507.06 crore as as against Rs 326.51 crore in the same quarter in FY16.

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IDBI Bank Q4 result, net loss widens to Rs3,199.76 crore

IDBI Bank Ltd on Thursday said its net loss for the March quarter widened from a year ago as bad loans mounted and provisions soared. This was the second consecutive quarter when the bank reported a loss.

Net loss for the quarter stood at Rs3,199.76 crore against Rs1,735.81 crore a year ago. However, losses were restricted due to a tax write-back of Rs1,620.02 crore in the quarter.

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Allahabad Bank Q4 result, posts profit of Rs111 crore

Public sector Allahabad Bank swung into the black, registering a net profit of Rs111.16 crore during the last quarter ended March 2017 as provisions for bad loans came down. The bank had posted a net loss of Rs581.13 crore during the corresponding quarter of preceding fiscal due to RBI’s prudential norms on asset classification requiring banks to provide for a higher coverage for bad loans.

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Indian Overseas Bank(IOB) Q4 result, loss at Rs646.66 crore

Indian Overseas Bank (IOB) Wednesday reported a net loss of Rs646.66 crore in the March quarter, its seventh consecutive loss-making quarter. The figure, though is less than Rs963.19 crore loss in the same quarter a year ago.

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Central Bank of India Q4 result, posts loss of Rs592 crore

State-owned Central Bank of India on Tuesday said that its net loss has been trimmed to Rs592 crore during the last quarter which ended on March 2017 on improved recovery, even though bad loans soared.

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Dhanlaxmi Bank Q4 result, posts profit of Rs9 crore

Private sector lender Dhanlaxmi Bank on Tuesday reported a profit of Rs9 crore for the March quarter of the last fiscal as it managed to rein in non-performing assets (NPAs).

In comparison, the bank had registered a loss of Rs131.60 crore for the fourth quarter of the previous fiscal, 2015-16. However, the total income during the January-March quarter of 2016-17 declined to Rs296.34 crore, as against Rs323.98 crore in the same period a year ago, Dhanlaxmi Bank said in a regulatory filing.

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Andhra Bank Q4 result, Net profit declines 32% at Rs 35 crore

Public sector Andhra Bank has registered a decline of 32 per cent in net profit at Rs 35.13 crore for the last quarter ended March 2017 on rise in bad loans.The bank had posted a net profit of Rs 51.60 crore in the corresponding quarter of preceding fiscal.

However, income during the quarter increased to Rs 5,424.70 crore from Rs 5,124.37 crore in the corresponding period year ago, it said in a BSE filing.Interest income rose to Rs 4,774.09 crore during January-March quarter from Rs 4,651.53 crore year ago.Bank's provisioning to cover bad loans were hiked to Rs 1,299.33 crore for March quarter on higher ratio of bad assets, from Rs 1,022.59 crore year earlier.

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Punjab National Bank(PNB) Q4 result, Profit of Rs261.90 crore

Punjab National Bank (PNB) on Tuesday reported a fiscal fourth-quarter profit of Rs261.90 crore, compared with a loss of Rs5,367.14 crore a year ago as it set aside a lower amount to cover bad assets and wrote back provisions for employee pensions and gratuity.

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