Aug 10, 2015 at 13:12 | Source: Moneycontrol.com
Net interest income, the difference between interest earned and interest expended, grew by 9 percent to Rs 694.84 crore in June quarter compared to Rs 637.7 crore in the same quarter last year.
Aug 08, 2015 at 17:42 | Source: Moneycontrol.com
During the quarter, provisions stood Rs 763.6 crore against Rs 968.4 crore sequentially and Rs 517.1 crore on annual basis. Provision coverage ratio (PCR) was at Rs 53.84 percent as on June 30.
Aug 08, 2015 at 16:30 | Source: Moneycontrol.com
Provisions, in the quarter, was lower at Rs 580.7 crore from Rs 644.8 crore on annual basis and Rs 617.2 crore sequentially. Gross non-performing assets in Q1 were up 9 percent at Rs 12,931 crore versus Rs 11,873.1 crore quarter-on-quarter while net NPA stood at Rs 7447.9 crore against Rs 6,807.4 crore (Q-o-Q).
Aug 07, 2015 at 16:14 | Source: PTI
Provisions for bad loans and contingencies were raised substantially to Rs 621.39 crore in the reported quarter, registering an increase of 35.4 percent from Rs 458.90 crore, a year ago.
Aug 05, 2015 at 14:08 | Source: Moneycontrol.com
Net interest income, the difference between interest earned and interest expended, rose by 3.6 percent to Rs 2,517 crore in June quarter compared to Rs 2,429 crore in same quarter last fiscal.
Jul 30, 2015 at 14:44 | Source: Moneycontrol.com
Net interest income, the difference between interest earned and interest expended, grew by 2.6 percent to Rs 628.2 crore from Rs 612 crore during the same period.
Jul 25, 2015 at 15:00 | Source: PTI
Indian Overseas Bank (IOB) on Saturday reported 94.56 percent decline in net profit at Rs 14.76 crore for the quarter ended June 30, 2015, compared to the same period last year, on sharp increase in provisioning for bad loans.
Jul 23, 2015 at 13:09 | Source: Moneycontrol.com
Profit was supported by other income and operating profit but higher provisions year-on-year restricted growth (though provisions declined sequentially). Even its asset quality remained elevated on yearly basis as well as sequentially.
Jul 20, 2015 at 09:30 | Source: CNBC-TV18
In an interview with CNBC-TV18, Shyam Srinivasan, MD & CEO of Federal Bank said the Bank's NPAs increased due to a large metal account default and treasury provisions.
Jul 16, 2015 at 10:33 | Source: Moneycontrol.com
On sequential basis, profit shot up 300.1 percent due to lower base in previous quarter. In Q4FY15, profit dropped 86.9 percent Y-o-Y to Rs 16.32 crore due to 387 percent rise in provisions.