May 27, 2016 at 16:09 | Source: Moneycontrol.com
Most public sector banks saw their profits shrink thanks to higher provisions and a substantial increase in non-performing assets. Moneycontrol report reveals SBI and PNB were right up there on top of the list of banks with most non-performing assets (NPA).
May 20, 2016 at 17:00 | Source: Moneycontrol.com
Profitability was impacted by sharp spike in provisions and lower other income & operating profit while deterioration in asset quality continued.
May 20, 2016 at 15:48 | Source: Moneycontrol.com
Net interest income, the difference between interest earned and interest expended, grew by 23.5 percent to Rs 359.7 crore. Other income shot up 52.2 percent to Rs 170 crore and operating profit increased 34.3 percent to Rs 254.4 crore compared to same period of last fiscal.
May 13, 2016 at 17:39 | Source: Moneycontrol.com
Its provision in Q4FY16 increased to Rs 6858 crore compared to Rs 6164.5 crore on sequential basis and Rs 1817.5 crore YoY.
May 09, 2016 at 08:44 | Source: CNBC-TV18
In an interview with CNBC-TV18, Andhra Bank MD and CEO Suresh N Patel said the bank had fully complied with the Reserve Bank of India's asset quality review guidelines that had called for stricter provisioning of doubtful accounts.
May 07, 2016 at 16:42 | Source: PTI
According to a statement issued by the bank, total income in January-March grew 9 per cent to Rs 5,124 crore as against Rs 4,699 crore in the same quarter in 2014-15.
Apr 29, 2016 at 18:26 | Source: PTI
State-run State Bank of Bikanerand Jaipur (SBBJ) today reported a 31.05 percent plunge innet profit to Rs 193.22 crore for the quarter ended March 31,due to increased provisions for bad loans.
Apr 29, 2016 at 12:00 | Source: Moneycontrol.com
ICICI Bank's fourth quarter profit plunged sharply by 76 percent to Rs 702 crore compared to Rs 2,922.1 crore in year-ago period, impacted by exceptional provisioning.
Apr 27, 2016 at 12:32 | Source: CNBC-TV18
Every bank in the industry should see some rise in provisioning, and a deterioration in asset quality, says Banking Analyst Hemindra Hazari.
Apr 27, 2016 at 10:30 | Source: Moneycontrol.com
YES Bank has posted better-than-expected net profit at Rs 702.1 crore in January-March quarter, up 27.4 percent from Rs 551 crore in corresponding quarter last fiscal. It net interest income (NII) grew 27.1 percent at Rs 1241.4 crore in Q4 against Rs 977.1 crore in year ago period.