Jan 11, 2017 at 13:22 | Source: Moneycontrol.com
Private sector lender South Indian Bank's third quarter profit grew by 9.6 percent to Rs 111.38 crore compared with year-ago period, driven by other income and operating profit. Asset quality improved, though provisions were higher during the quarter.
Jan 05, 2017 at 12:36 | Source: CNBC-TV18
Banks are seeking deep restructuring for large NPA cases outside of S4A and an upgradation of the portion of debt and the lower provisioning requirement.
Nov 15, 2016 at 11:00 | Source: CNBC-TV18
Speaking to CNBC-TV18 Satpal Arora, MD of Tourism Finance Corp said they have made provisions for Rs 20 crore.
Nov 11, 2016 at 15:48 | Source: PTI
Provisioning for bad loans increased to Rs 956.81 crore, up 82 percent from Rs 524.86 crore in the second quarter of the last fiscal, Andhra Bank said in a BSE filing.
Nov 10, 2016 at 11:48 | Source: CNBC-TV18
In conversation with CNBC-TV18, Ravi Krishan Takkar, MD & CEO of the bank, said net non-performing assets (NPA) have come down from 10.04 percent as on June to 8.83 percent. This is due to good recovery and the bank was able to upgrade few account during this quarter.
Nov 07, 2016 at 16:15 | Source: Moneycontrol.com
Country's largest private sector lender ICICI Bank beat analysts' expectations on profit front but asset quality was disappointing in July-September quarter. Profit increased 2.4 percent year-on-year to Rs 3,102.3 crore, supported by other income but impacted by sharp spike in provisions for bad loans.
Nov 07, 2016 at 14:40 | Source: Moneycontrol.com
United Bank of India said profit during July-September quarter declined 29.6 percent to Rs 43.5 crore from Rs 61.8 crore in year-ago period. It was impacted by higher provisions for bad loans and lower net interest income but other income and operating profit restricted the fall in profit.
Oct 26, 2016 at 15:18 | Source: Moneycontrol.com
Public sector lender Canara Bank's second quarter earnings met analysts' expectations on Wednesday. Performance on yearly basis continued to be weak but the bank improved it on sequential basis. Profit fell 32.5 percent year-on-year to Rs 356.91 crore on higher provisions but increased 56 percent quarter-on-quarter.
Oct 26, 2016 at 13:25 | Source: Moneycontrol.com
Public sector lender Syndicate Bank's profit in July-September quarter fell sharply by 75.2 percent year-on-year to Rs 82.4 crore on higher provisions and lower operating profit & tax cost but asset quality was stable.
Oct 26, 2016 at 09:31 | Source: CNBC-TV18
Dipan Mehta, Member BSE & NSE, said that Axis Bank numbers were disappointing. Quarter after quarter, the NPA provisioning kept on increasing, he said.