D.A. 607 slabs payable during the quarter November, 2018 to January, 2019. So DA payable to Bankers is 60.70%.
Complete chart of increased DA for Bankers from Nov-18
Canara Bank Q2 profit rises as asset quality improves
Canara Bank has reported 5 percent increase in its QoQ net profit at Rs 299.5 crore as asset quality improved for the quarter ended September 2018.
The company had posted net profit of Rs 284.1 crore in the quarter ended September 2017.
The company’s gross NPA was down at 10.56 percent against 11.05 percent, while net NPA was down at 6.54 percent versus 6.91 percent.
The net interest income was down 15 percent at Rs 3,281.3 crore, while provisions were up at Rs 2,835.1 crore versus Rs 2582.3 crore.
In the absolute term its gross NPA was up marginally at Rs 45,233.2 crore against Rs 44,659.6 crore, while net NPA was up at Rs 26,777.6 crore versus Rs 26,693.5 crore, QoQ.
Bank of Maharashtra back in black, posts profit in Q2; asset quality improves
Bank of Maharashtra has turned profitable in the quarter
ended September 2018 as it has reported net profit of Rs 27 crore.
It had reported
net loss of Rs 23.2 crore in the same quarter last fiscal.
Net interest
income (NII) was up 4 percent at Rs 1,003 crore versus Rs 963.1 crore. Company's gross
NPA was down at 18.64 percent versus 21.18 percent, while net NPA was down at
10.61 percent versus 12.20 percent, QoQ.
In the absolute term the gross NPA reduced to Rs 16,873 crore against Rs 17,800
crore, while net NPA was down at Rs 8,743 crore against Rs 9,195 crore, QoQ.
The company's
provisions were at Rs 857.7 crore against Rs 1,633 crore, QoQ and versus Rs 791
crore, YoY.
Bank of Baroda(BoB) Q2 net profit rises 19.6% yoy
Bank of Baroda's Q2FY19 standalone revenue has improved by 7.5% yoy to Rs13,430cr. Its NII for the quarter came at Rs4,492cr as against Rs3,720cr yoy, which has improved by 20.8%. The bank’s net profit was 19.7% up yoy to Rs425cr (Rs355cr in Q2FY18). Further, the bank's net profit was ahead of the consensus estimates of Rs475cr when considered other paramters like assest quality improvement, better NIMs, lower slippages, etc. Its GNPA for Q2FY19 stood at 11.8% against 12.46% qoq, which has declined by 68bps. NNPA for the quarter came at 4.86% against 5.4% qoq, which has declined by 54bps.
- The provisions for the quarter has gone up by 4.3% yoy to Rs2,429.5cr.
- Domestic CASA deposits registered a growth of 11.63 % yoy.
- Percentage of CASA deposits to Total Domestic Deposits for Q2FY19 increased to 40.48% from 39.22 % yoy.
- Domestic Deposits stood at Rs4.84 lakh cr for Q2FY19 up by 8.17% from 4.47 lakh cr as on September 30, 2017.
- Domestic advances grew by 20.37% to Rs3.37 lakh cr for Q2FY19 from Rs2.8 lakh cr yoy.
- Contribution of Bank's International Business at the end of quarter was 21.02%.
- Net Interest Margin (NIM) improved to 2.61% in September 2018 quarter from 2.34% in September 2017. NIM of international operations improved to 1.66% from 1.15% last year.
- Fresh slippage was at Rs2,281cr, lowest in seven quarters.
- Credit cost decreased to 1.31% for the quarter under review from 1.82% last year.
- Provision for NPAs at Rs1,467cr was at a nine-quarter low.
- Bank made a specific provision of Rs241cr for a financial services company. Provision for NPAs declined by 20.57% on yoy basis.
- Exposure in accounts under NCLT 1 list was Rs3,920cr and NCLT 2 list was Rs4,227cr as on September 30, 2018.
- Provision coverage under NCLT 1 and NCLT 2 list was 68.52% and 66.82% respectively.
- Capital Adequacy Ratio of the Bank at 11.88 % continues to be above regulatory norms. Tier 1 capital ratio was 10.25 % and CET 1 Capital was 9.05%.
Dena Bank Q2 loss widens on higher provisions, asset quality weakens
Public sector lender Dena Bank's second quarter loss widened to Rs 416.70 crore on elevated provisions YoY, with weakening asset quality sequentially.
The bank had reported loss at Rs 185.02 crore for September quarter 2017 and Rs 721.71 crore in June quarter.
Net interest income during the quarter grew by 20.8 percent to Rs 725.6 crore compared to Rs 600.67 crore in same period last year.
Asset quality of the bank weakened further in quarter ended September 2018. Gross non-performing assets (NPA) as a percentage of gross advances were higher at 23.64 percent against 22.69 percent in June quarter and net NPA increased to 11.70 percent against 11.04 percent QoQ.
In absolute terms, gross advances as well as net advances in Q2 were higher by 1.73 percent and 2.95 percent quarter-on-quarter to Rs 16,140.4 crore and Rs 6,902.4 crore respectively.
Provisions and contingencies dropped 22.4 percent sequentially to Rs 867.8 crore during the quarter ended September 2018, but were higher by 17.82 percent compared to year-ago.
Other income (non-interest income) fell 7.6 percent year-on-year to Rs 357.3 crore but operating profit increased 11.2 percent to Rs 442 crore in Q2FY19.
IBPS Recruitment for Specialist Officer (SO) (CRP SPL-VIII) Posts 2018
Posts:
- I.T. Officer (Scale-I) - 219 vacancies
- Agricultural Field Officer (Scale I) - 853 vacancies
- Rajbhasha Adhikari (Scale I) - 69 vacancies
- Law Officer (Scale I) - 75 vacancies
- HR/Personnel Officer (Scale I) - 81 vacancies
- Marketing Officer (Scale I) - 302 vacancies
Total No. of Posts: 1599
Educational Qualification: Please read Official Notification for Educational Qualification details.
Selection Process: Candidates will be selected based on an interview.
Important Dates:
- Starting Date of Online Application & Modification: 06-11-2018
- Last Date to Apply Online & Modification: 26-11-2018
- Payment of Application Fees/Intimation Charges (Online) 06.11.2018- 26.11.2018
- Download of call letters for Online examination – Preliminary December 2018
- Online Examination – Preliminary 29.12.2018 and 30.12.2018
- Result of Online exam – Preliminary January 2019
- Download of Call letter for Online exam – Main January 2019
- Online Examination – Main 27.01.2019
- Declaration of Result of Online Main Examination February 2019
- Download of call letters for interview February 2019
- Conduct of interview February 2019
- Provisional Allotment April 2019
How to Apply: Interested Candidates may Apply Online Through official Website.
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Union Bank of India posts profit in Q2, sharp fall in provisions
Public sector lender Union Bank of India has posted second quarter profit at Rs 139.03 crore on sharp decline in provisions and improvement in asset quality. However, lower other income and operating income limited profitability.
The bank had reported loss at Rs 1,530.72 crore in same period last year.
Net interest income during the quarter grew by 7.4 percent year-on-year to Rs 2,493 crore with loan growth of 0.74 percent at Rs 2.93 lakh crore.
Union Bank said deposits in Q2 increased 3.4 percent to Rs 3.99 lakh crore YoY.
Asset quality improved during the quarter ended September 2018. Gross non-performing assets (NPA) as a percentage gross advances dropped at 15.74 percent against 16 percent in previous quarter and net NPA also declined at 8.42 percent against 8.70 percent in June quarter.
In absolute terms, gross advances were lower by 1.6 percent sequentially at Rs 50,157.4 crore and net advances by 3.34 percent QoQ at Rs 24,657 crore in Q2FY19.
Slippages dropped to Rs 2,667 crore in September quarter against Rs 4,652 crore in June quarter, Union Bank said, adding write-offs increased to Rs 1,868 crore against Rs 1,426 crore QoQ.
Provisions and contingencies fell sharply by 25.73 percent quarter-on-quarter and 53.43 percent year-on-year to Rs 1,655.55 crore in the quarter ended September 2018.
Provision coverage ratio also improved to 57.66 percent in Q2FY19, from 56.49 percent in Q1FY19, the bank said.
Other income (non-interest income) plunged 26.11 percent to Rs 899.44 crore due to sharp fall of 75.10 percent in treasury income YoY. Operating profit slipped 8.6 percent to Rs 1,772 crore compared to year-ago.
Vijaya Bank Q2 profit falls 24%
State-owned Vijaya Bank Monday reported 24.54 per cent fall in net profit at Rs 139.94 crore for the quarter ended September 30, 2018. The bank had registered a net profit of Rs 185.46 crore in the corresponding quarter last year.
Net interest income was up 15.6 percent at Rs 1,165.5 crore against Rs 1,008.4 crore, YoY.
The gross NPA of the company fell at 5.86 percent versus 6.19 percent, while net NPA at 3.81 percent versus 4.10 percent, QoQ.
In the absolute figure the company's gross NPA was down at Rs 7,557 crore against Rs 7,579 crore. The net NPA was down at Rs 4810.2 crore against Rs 4,903.9 crore, QoQ.
Provisions were down at Rs 588.6 crore against Rs 659.4 crore, QoQ and Rs 458.1 crore, YoY.
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