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.
Aug 01, 2014 at 12:30 | Source: CNBC-TV18
Provisions in April-June quarter stood at Rs 393 crore, down significantly compared to Rs 920 crore in previous quarter and Rs 681 crore in corresponding quarter of last fiscal.
Jul 28, 2014 at 13:17 | Source: CNBC-TV18
Dipan Mehta, member of BSE,NSE feels PSU banks would offer more returns in the near to medium-term than private banks.
Jul 28, 2014 at 11:07 | Source: CNBC-TV18
The banks Q1FY15 net profit shot up 8.74 times to Rs 191.6 crore from Rs 21.9 crore in the same quarter last fiscal on strong net interest income and lower provisions.
Jul 25, 2014 at 15:18 | Source: Moneycontrol.com
Provisions declined at Rs 325.6 crore in first quarter of current financial year compared to Rs 593.9 crore in previous quarter and Rs 368.1 crore in corresponding quarter of last fiscal that helped the bottomline. Provision coverage ratio stood at 57.56 percent as on June 30, said the bank in its filing.
Jul 23, 2014 at 15:04 | Source: CNBC-TV18
Private sector lender YES Bank missed Street expectations with the first quarter net profit rising 9.7 percent on yearly basis to Rs 439.5 crore despite fall in provisions.
Jul 21, 2014 at 15:00 | Source: CNBC-TV18
In an interview to CNBC-TV18, RK Dubey, CMD, Canara Bank, discusses the bank's earnings and its future plans.