HDFC Bank Q2 result profit rises 20%

HDFC Bank Ltd on Tuesday reported a 20.1% jump in its September quarter net profit due to higher net interest income and other income.

The bank reported a profit of Rs4,151.03 crore, up from Rs3,455.33 crore a year ago. According to 21 analysts polled by Bloomberg, the bank was expected to post a net profit of Rs4,171.40 crore.

Net interest income (NII) or the core income a bank earns by giving loans rose 22% to Rs9,752.07 crore versus Rs7,993.59 crore last year. Other income increased 24.3% to Rs3,605.90 crore from Rs2,900.95 crore in the same period last year.

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AIBEA calls for two-day 24th and 25th october 2017 all-India strike in IDBI Bank

IDBI Bank employees will conduct two days The All India Strike on 24 and 25 october along with the members of various bank unions demanding Over-due wage revision.

The wage revision for employees and officers of IDBI Bank is due from November 1, 2012 to October 31, 2017 on the lines of settlement in all other banks, AIBEA General Secretary, CH Venkatachalam said in a statement.

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Kalol Nagrik Sahakari Bank Recruitment for different Posts 2017

The Kalol  Nagrik Sahakari Bank has published Advertisement for below mentioned Posts 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts:

• General Manager:01 Post
• EDP Officer: 01 Post
• Clerk: 20 Posts

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Axis Bank Q2 result, profit rises 35.51%

Axis Bank Ltd on Tuesday reported a 35.51% jump in its September quarter net profit after it made fewer provisions for bad loans.

The bank reported a profit of Rs432.38 crore compared with Rs319.08 crore a year ago. The bank had been expected to post a net profit of Rs1,318.30 crore, based on a poll of 20 analysts by Bloomberg.

Provisions and contingencies fell 13.31% to Rs3,140.41 crore from Rs3,622.74 crore a year ago. On a quarter-on-quarter basis, they rose 34.09% from Rs2,341.93 crore.

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DCB Bank Q2 result, profit up 21%

Private lender DCB Bank has reported a rise of 21% in its net profit at Rs59 crore for quarter ended September.

The bank had registered a net profit of Rs48 crore in the July-September quarter of 2016-17.

Total income of the bank grew by 24% to Rs313 crore during the reported quarter, from Rs252 crore in the year ago period, the bank said in a statement.

Net interest income or the core income of the bank rose to Rs248 crore in the second quarter of 2017-18 from Rs190 crore in the year ago period.

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Federal Bank Q2 net profit rises 31%

Federal Bank Ltd on Monday reported a 31% jump in its September quarter net profit due to improved asset quality and higher net interest income.

The bank reported a profit of Rs263.70 crore compared to Rs201.24 crore a year ago. The consensus of analyst estimates had pegged the profit at Rs254.40 crore.

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