Nov 20, 2014 at 12:22 | Source: Moneycontrol.com
RBI has released final norms on requirement for capital adequacy, NPA recognition and provisioning. We expect limited earnings impact due to the higher capital requirement, stricter NPA recognition and higher standard asset provisioning, given that RBI has provided sufficient time to adjust to these norms, says AnandRathi Securities.
Nov 07, 2014 at 18:49 | Source: PTI
Kolkata-based United Bank of India today reported a net profit of Rs 43.80 crore for the second quarter of the current financial year.
Nov 03, 2014 at 20:14 | Source: PTI
The bank has reported a net loss of Rs 245.51 crore for the second quarter ended September against a net profit of Rs 132.55 crore on year-on-year basis due to higher tax expenses and provisions for bad assets.
Nov 03, 2014 at 10:52 | Source: Moneycontrol.com
The sharp growth in bottomline was led by lower provisions and higher other income. The jump in profit also attributed to low base in the same quarter last year.
Oct 30, 2014 at 14:00 | Source: CNBC-TV18
Jignesh Shial of IDBI Capital Markets wants to hear the management commentary on the kind of corporate loan pickup the bank is seeing.
Oct 29, 2014 at 13:49 | Source: Moneycontrol.com
Though the PSU met street expectations with second quarter profit rising 16 percent year-on-year to Rs 291 crore supported by other income and tax writeback but the asset quality of the bank weakened and provisions increased further during the quarter.
Aug 13, 2014 at 15:09 | Source: Moneycontrol.com
Q1 net interest income fell 2.6 percent to Rs 637.7 crore from Rs 655 crore on a yearly basis. Provisions jumped 4 times sequentially and nearly 7 times on yearly basis to Rs 246.8 crore in the quarter gone by with provision coverage ratio at 55.08 percent as on June 2014.
Aug 13, 2014 at 14:58 | Source: Moneycontrol.com
Provisions jumped 4 times sequentially and nearly 7 times on yearly basis to Rs 246.8 crore in the quarter gone by with provision coverage ratio at 55.08 percent as on June 2014.
Aug 07, 2014 at 22:12 | Source: CNBC-TV18
Analysts believe the asset quality of the bank may be contained (similar improvement like Q4FY14) due to selling of loans to asset reconstruction companies, upgrades and recoveries during the quarter.
Aug 01, 2014 at 14:07 | Source: Moneycontrol.com
Net interest income, the difference between interest earned and interest expended, increased by 2.4 percent on yearly basis to Rs 340 crore from Rs 332 crore. According to CNBC-TV18 poll expectations, analysts were expecting profit at Rs 127.4 crore and net interest income at Rs 355 crore for the quarter.