Feb 14, 2015 at 12:41 | Source: Moneycontrol.com
Provision for bad loans increased 44.13 percent (Y-o-Y) to Rs 560.4 crore compared to Rs 388.8 crore in the year ago period. Provision was at Rs 455.9 crore in second quarter of FY15.
Feb 13, 2015 at 12:01 | Source: Moneycontrol.com
SBI missed street expectations on Friday with the third quarter profit rising 30.3 percent year-on-year to Rs 2910 crore. Profit was impacted by higher provisions but was supported by other income.
Feb 12, 2015 at 17:05 | Source: CNBC-TV18
State Bank of India (SBI) will announce its third quarter earnings on Friday. Profit for the quarter is expected to jump 45.7 percent year-on-year to Rs 3,254 crore supported by treasury income, fee income and operating profit.
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.