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.
Apr 22, 2016 at 11:31 | Source: CNBC-TV18
In a virtual confirmation of recent reports that the Reserve Bank of India had trimmed the list of companies that should be included in banks' asset quality review, Union Bank Chairman and Managing Director Arun Tiwari says the move should be looked at as a "correction" of stricter norms prescribed earlier.
Apr 21, 2016 at 15:51 | Source: CNBC-TV18
A marginal rise in provisioning and a slight deterioration in gross NPL of IndusInd Bank was expected given the economic environment and should be taken positively as the corporate portfolios of all the banks are under considerable pressure, says Hemindra Hazari, Independent Market Expert.
Apr 21, 2016 at 14:45 | Source: Moneycontrol.com
Its asset quality became slightly weak in Q4, with gross non-performing assets at 0.87 percent versus 0.82 percent and net NPA at 0.36 percent versus 0.33 percent (QoQ). Its provisions, in Q4, was at Rs 213.6 crore against Rs 177 crore (QoQ).
Apr 21, 2016 at 10:17 | Source: Moneycontrol.com
The new rule on provisioning is expected to boost fourth quarter earnings of non-performing asset (NPA) saddled banks. Credit Suisse sees some relief for corporate lenders because of the stabilsing of the steel cycle.
Apr 18, 2016 at 08:17 | Source: CNBC-TV18
In what would likely be a first, a Rs 26,000-crore procurement loan given by banks to the state of Punjab is at risk of being a non-performing asset (NPA), and lenders may be forced to provision for it.
Mar 15, 2016 at 17:30 | Source: PTI
Public sector banks have writtenoff 38 accounts of Rs 100 crore and above amounting to aboutRs 8,000 crore during the nine months of the current fiscal.