Public Sector Banks :(Data will update as result will declare)
Quarterly Results of Public sector banks for Q2FY19
RNSB Recruitment for Sr. Executive Post 2018
Rajkot Nagarik Sahakari Bank (RNSB) has published Advertisement
for below mentioned Posts 2018. Other details like age limit,
educational qualification, selection process, application fee and how to
apply are given below.
Posts: Sr. Executive
Educational Qualification: First Class Graduate (Except Arts) or Post Graduate (Except Arts), Inter CA/ CA.
Experience: 1. For Graduates, Minimum 5 years' experience with a
Nationalized Bank/Scheduled Urban Co-Operative Bank or Minimum 4 Years
Experience in a supervisor cadre with a reputed Financial Institute. 2.
For Post Graduates, 2 Years supervisory experience with Nationalized
Bank / Scheduled Urban Co-Operative Bank reputed Financial Institute.
1.For Graduates, minimum 5 Years’ experience with a Nationalized Bank /
Scheduled Urban Co-Operative Bank OR Minimum 4 Years Experience in a
supervisor cadre with a reputed Financial Institute. 2. For Post
Graduates, 2 Years supervisory experience with Nationalized Bank /
Scheduled Urban Co-Operative Bank reputed Financial Institute. 3. No
Experience required for CA / Inter CA. Candidate Should be well versed
with Banking / Accounting software and computer knowledge
Remark: The above post will be filled up on fixed term contract
with a consolidated fixed salary depending on educational qualification
and experience.
Age Limit: 35 Years (Age can be relaxed up to 5 Years for experienced candidates.)
Selection Process: Candidates will be selected based on an interview.
How to Apply: Interested Candidates may Apply Online Through official Website.
Central Bank of India Q2 net loss widens; gross non-performing assets spike to 21.48%
State-owned Central Bank of India on Wednesday reported widening of net loss to Rs 923.60 crore in the second quarter ended 30 September, due to mounting bad loans and falling core income.
The bank had posted a net loss of Rs 750.41 crore in the year-ago period, it said in a regulatory filing.
However, the loss narrowed from Rs 1,522.24 crore reported in the June quarter.
Total income also fell to Rs 6,197 crore in the quarter, from Rs 6,896.26 crore a year ago.
The bank's interest income fell to Rs 5,685.05 crore in July-September, from Rs 6,166.06 crore in the year-ago period.
The lender's asset quality worsened year-on-year, as gross non-performing assets (NPAs) spiked to 21.48 percent of the gross advances as at September-end as compared with 17.27 percent by the end of the same month in 2017.
Net NPAs also ballooned to 10.36 percent of the net advances, against 9.53 percent a year ago.
However, NPAs or bad loans (both net and gross) corrected sequentially.
In absolute value, gross NPAs stood at Rs 37,410.76 crore as on 30 September, 2018, against Rs 31,641.15 crore by September 2017.
Net NPAs were Rs 15,794.15 crore, compared with Rs 15,899.74 crore a year ago.
Even as bad loans spiked, the bank cut down on its NPA provisions to Rs 1,649.25 crore for the second quarter, against Rs 1,791.98 crore parked aside in the year-ago period.
The overall provisions and contingencies, however, moved up to Rs 1,982.82 crore, while it was at Rs 1,961.66 crore in year-ago September quarter.
The provisioning coverage ratio (PCR) of the bank is 67.74 percent (previous corresponding period 58.58 percent), the lender said.
IDBI Bank reports large loss as bad loan continue to rise
State-owned IDBI Bank on Wednesday reported widening of net loss to Rs 3,602.49 crore during the September quarter of 2018-19, as bad loans jumped substantially.
It had posted a net loss of Rs 197.84 crore in the corresponding quarter of the previous financial year.
Total income of the bank was also down at Rs 6,162.14 crore in the reported quarter as against Rs 8,302.42 crore a year ago, IDBI Bank said in a regulatory filing.
The bank's gross non-performing assets (NPAs) hit 31.78 percent (Rs 60,875.49 crore) of the gross advances by 30 September, 2018 as against 24.98 percent (Rs 51,367.69 crore) in the year-ago period.
Net NPAs stood at 17.30 percent (Rs 27,294.58 crore) of the net advances, up from 16.06 percent (Rs 29,488.83 crore) in the corresponding period last year.
Sequentially also, the bad loan proportion of the bank worsened.
Thus, the provisioning for NPAs for the quarter was raised to Rs 5,481.64 crore from Rs 2,842.15 crore during the July-September quarter of 2017-18.
The overall provisioning and contingencies stood at Rs 6,579.83 crore for the quarter, up from Rs 3,261.42 crore in the year-ago period.
Corporation Bank reports profit in Q2
Corporation Bank registered a net profit of ₹103.01 crore in the second quarter of 2018-19 as against a loss of ₹1,035.2 crore in the corresponding period of 2017-18.
The bank’s unaudited (reviewed) financial results for the second quarter, which was submitted to the stock exchanges, put the provisions (other than tax and contingencies) at ₹808.32 crore (₹2668.81 crore). Of this, the provisions for non-performing assets (NPAs) were at ₹728.56 crore (₹2535.95 crore) during the period.
Provision coverage ratio of the bank was at 65.47 per cent as on September 30.
The gross NPA increased to ₹21,714.16 crore during the second quarter of 2018-19 from ₹20,684.87 crore in the corresponding period of the previous fiscal. The net NPA stood at ₹13,534.01 crore (₹13,082.59 crore).
In percentage terms, the gross NPA stood at 17.46 per cent (15.28 per cent), and net NPA at 11.65 per cent (10.24 per cent) during the second quarter.
The net interest income of the bank stood at ₹1,457.60 crore during the quarter against ₹1,239.04 crore. The other income came down to ₹246.23 crore (₹718.10 crore).
The bank recorded a net profit of ₹187.97 crore in the first six months of the fiscal 2018-19 as against a loss of ₹975.05 crore in the corresponding period of the previous fiscal.
No respite for Bank of India(BoI), amid RBI vs Govt over PCA
One of the main issues of contention between the government and the Reserve Bank of India (RBI) is the prompt corrective action (PCA) framework for banks. Now, it pays to see how the banks that have come under PCA have performed.
Bank of India is the fifth lender among the 11 under PCA to report September quarter results, and the signs are mixed. The public sector bank reported a quarterly loss of Rs. 1,156.25 crore, massive if one compares with the Bloomberg analysts’ survey, which estimated losses of Rs. 456.30 crore.
The bank had to provide 71% more than it did a year ago, and its core income stagnated owing to the focus on conserving capital instead of lending. The stock of bad loans remained above Rs.60,000 crore and the bad loan ratio barely improved, despite the rather encouraging 10% growth in its domestic loan book.
Bank of India was put under PCA in December 2017, and the performance of its peers shows that the lender has to expect copious bleeding in the first few quarters. After all, the focus under PCA is to heal the balance sheet by removing toxic assets, building insurance on future risks and keeping off risky assets.
The lender has indeed begun ramping up provisions every quarter. Its provision coverage ratio has reached 69% in September from 56% when it entered PCA.
Consequently, Bank of India’s net non-performing assets (NPAs) have come down to 7.64% of its loan book from 10.29%. Its provision coverage ratio for loans under insolvency proceedings is 85%. Slippages are a fraction of what they were in the last two quarters.
But this is where the good part ends.
Bank of India has to provide for mark-to-market hit on its bond portfolio over the next two quarters. It has an exposure of over 10% of its loan book to decaying power producers. The bad loan ratio of its retail assets is a little above 4%, one of the highest among banks.
The lender’s capital adequacy ratio is hardly improving. In fact, the total capital as a percentage of risk-weighted assets is down sharply from the year-ago period. A part of this can be attributed to the bank’s increased provisioning amid shrinking income.
RBI monitors banks under PCA on their net NPAs, capital adequacy ratio, return on assets and leverage ratio. Most lenders, which came under PCA, had alarming net NPA levels, and breached the regulatory minimum on capital. Unless most of these parameters show a marked improvement, the central bank is unlikely to temper down its rules.
Source- Livemint
Source- Livemint
United Bank of India net loss widens in Q2
United Bank of India Tuesday reported widening of net loss to Rs 883.17 crore in the second quarter of the ongoing financial year due to higher provisioning and contingencies.
The state-owned bank reported a loss of Rs 344.83 crore in the September quarter of 2017-18.In the quarter ended June this fiscal, the bank had posted a net loss of Rs 388.68 crore.Net loss for the reported quarter was mainly on account of higher provisioning, the bank said in a release.
Total income during the quarter stood at Rs 2,600.47 crore, up from Rs 2,584.89 crore in the same period of 2017-18.The bank’s overall provisioning and contingencies during the reported quarter nearly doubled to Rs 1,481.24 crore as against Rs 753.09 crore in the year-ago period.
However, there was a write-back of Rs 1,096.94 crore with respect to provision for non-performing assets (NPAs) during the quarter, which was higher than a write-back of Rs 876.15 crore in the second quarter of 2017-18.
Asset quality of the bank worsened as gross NPAs rose to 22.69 per cent of gross loans as at end-September 2018 from 18.80 per cent by the same period of 2017.Net NPAs rose to 14.36 per cent from 11.63 per cent.NPA provisions, both gross and net, showed improvement sequentially.In value terms, gross NPAs stood at Rs 15,163.28 crore by the end of September 2018 as against Rs 12,892.67 crore in the year-ago period. Net NPAs were valued at Rs 8,658.10 crore as against Rs 7,279.64 crore.
Allahabad Bank posts huge Q2 loss on higher NPA provisions
State-owned Allahabad Bank on Tuesday reported a net loss of Rs.1,822.71 crore in the September quarter of 2018-19 financial year, on higher provisioning for bad loans. The bank had posted a net profit of Rs.70.20 crore in the July-September quarter of 2017-18.
However, as compared to the June quarter this fiscal, the bank narrowed the losses from Rs.1,944.37 crore.
Total income also fell to Rs.4,410.72 crore during the quarter as against Rs.5,067.78 crore in the same period of 2017-18, Allahabad Bank said in a BSE filing.
Gross non-performing assets (NPAs) jumped to 17.53 per cent of the gross advances as on September 30, 2018 as against 14.10 per cent by the same period a year ago.
Net NPAs or bad loans fell to 7.96 per cent of the net loans as against 8.84 per cent in the year-ago period.
In absolute value, gross bad loans stood at Rs.27,236.19 crore by the end of September quarter 2018-19, as against Rs.21,454.27 crore in the year-ago period. Net NPAs were Rs.11,082.74 crore as against Rs.12,662.18 crore.
Due to rise in bad loans, provisioning for NPAs were raised to Rs.1,991.88 crore for the reported quarter from Rs.1,469.52 crore in the same period of 2017-18.
The overall provisioning and contingencies rose to Rs.2,356.04 crore for the quarter as against Rs.1,497.11 crore in the year-ago period.
Non-performing loan provision coverage ratio of the bank is 67.81 per cent, it said.
Citing RBI circular permitting banks to continue the exposures to MSME borrowers to be classified as standard assets, Allahabad Bank said it has retained advances of Rs.576.43 crore as standard asset as on September 30, 2018.
“In accordance with the provisions of the circular, the bank has not recognised interest income of Rs.18.84 crore and is maintaining a standard asset provision of Rs.27.88 crore as on September 30, 2018 in respect of such borrowers,” it said.
The bank also informed that it has spread the provision for fraud/red flagged accounts of Rs. 802.70 crore in 27 accounts as on September 30, 2018.
Further, a provision of Rs.161.30 crore (cumulative Rs.390.58 crore up to September 30, 2018) has been reversed out of Rs.390.58 crore, Allahabad Bank said.
