Jan 30, 2015 at 11:53 | Source: CNBC-TV18
Worsening asset quality is a worry indeed, but Jignesh Shial, research analyst, IDBI Capital Markets says what is more worrying is that these banks are not growing, putting pressure on margins as well.
Jan 27, 2015 at 16:57 | Source: CNBC-TV18
Union Bank of India's third quarter net profit fell 8.1 percent year-on-year to Rs 302.4 crore, impacted by higher provisions. Other income, however, supported the bottomline but asset quality of the bank deteriorated during the quarter.
Jan 27, 2015 at 12:09 | Source: Moneycontrol.com
Union Bank of India has disappointed street on Tuesday with the third quarter net profit falling 8.1 percent year-on-year to Rs 302.4 crore, impacted by higher provisions. Other income, however, supported the bottomline but asset quality of the bank deteriorated during the quarter.
Jan 16, 2015 at 11:44 | Source: Moneycontrol.com
Axis Bank's profit after tax climbed by 18.45 percent year-on-year to Rs 1,900 crore for the quarter ended December 2014. That was boosted by other income, but the rise in provisions limited profit growth. Net in the year-ago period was Rs 1,604.1 crore.
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.