Moneycontrol

Banks - Public Sector News

  • Allahabad Bank registers net profit of Rs 75 cr in Q3

    Allahabad Bank registers net profit of Rs 75 cr in Q3  

    However, total income of the bank decreased to Rs 5,025.13 crore in the October-December quarter, from Rs 5,030.19 crore earnings in the same period a year earlier, Allahabad Bank said in a regulatory filing.

    13 Feb 2017, 3.12 pm  |  Source: PTI

  • Gross slippages seen at Rs 15k cr in FY17: BoB

    Gross slippages seen at Rs 15k cr in FY17: BoB   

    Bank of Baroda has a decent pipeline for loan growth and is not looking to cut its lending or deposit rates currently, says MD and CEO PS Jayakumar,

    13 Feb 2017, 10.05 am  |  Source: CNBC-TV18

  • Few more qrtrs for NPLs to peak; slippage may stay at 2.59%; SBI

    Few more qrtrs for NPLs to peak; slippage may stay at 2.59%; SBI   

    Ground work to resolve the nonperforming loans’ (NPL) issue has been completed but couple of more quarters need to go by before results start showing says, State Bank of India’s MD-Corp Banking Group B Sriram sharing his outlo...

    13 Feb 2017, 8.56 am  |  Source: CNBC-TV18

  • Dena Bank out of loss zone, logs Q3 profit at Rs 35 cr

    Dena Bank out of loss zone, logs Q3 profit at Rs 35 cr  

    State-run Dena Bank today reported a profit of Rs 35.3 crore for the third quarter ended December on lower provisioning for bad loans.

    10 Feb 2017, 7.10 pm  |  Source: PTI

  • Corporation Bank Q3 profit at Rs 159 cr

    Corporation Bank Q3 profit at Rs 159 cr  

    State-run Corporation Bank today reported a profit of Rs 159 crore for the third quarter ended December 31, as the provision for bad loans declined.

    10 Feb 2017, 7.10 pm  |  Source: PTI

  • Bank of Baroda posts Q3 profit at Rs 253 cr, net NPA falls

    Bank of Baroda posts Q3 profit at Rs 253 cr, net NPA falls   

    Public sector lender Bank of Baroda turned profitable in October-December quarter, with net income at Rs 252.67 crore against big loss of Rs 3,342.04 crore in same quarter last year due to sharp fall in provisions.

    10 Feb 2017, 4.52 pm  |  Source: Moneycontrol.com

  • SBI Q3 profit jumps 134% to Rs 2610 cr, slippages at Rs 10185 cr

    SBI Q3 profit jumps 134% to Rs 2610 cr, slippages at Rs 10185 cr   

    Overall asset quality was stable, though slightly weakened. Gross non-performing assets as a percentage of gross advances increased 9 basis points to 7.23 percent and net NPAs rose 5 basis points to 4.24 percent compared with prev...

    10 Feb 2017, 1.00 pm  |  Source: Moneycontrol.com

  • Bank of India expects Q4 bad loan addition at Rs 3,500 cr: CEO

    Bank of India expects Q4 bad loan addition at Rs 3,500 cr: CEO   

    In a interview to CNBC-TV18 Bank of India chief Melwyn Rego decoded the bank's third quarter performance and the road ahead.

    09 Feb 2017, 10.53 pm  |  Source: CNBC-TV18

  • Andhra Bank Q3 net jumps 65% at Rs 56.70 cr

    Andhra Bank Q3 net jumps 65% at Rs 56.70 cr  

    Public sector Andhra Bank today reported 65 per cent jump in net profit to Rs 56.70 crore for December quarter of the current fiscal on higher treasury income even as bad loans rose substantially.

    09 Feb 2017, 5.10 pm  |  Source: PTI

  • Bank of India turns corner, Q3 profit at Rs 102 cr; NPA improves

    Bank of India turns corner, Q3 profit at Rs 102 cr; NPA improves   

    Asset quality improved on sequential basis as gross non-performing assets (NPA) declined 7 basis points to 13.38 percent and net NPA dropped 47 basis points to 7.09 percent in the quarter gone by.

    09 Feb 2017, 1.35 pm  |  Source: Moneycontrol.com

  • Punjab & Sind Bank Q3 net profit up 10% at Rs 77.5 cr

    Punjab & Sind Bank Q3 net profit up 10% at Rs 77.5 cr  

    The bank had registered a net profit of Rs 70.32 crore in the corresponding October-December period of previous fiscal.

    08 Feb 2017, 3.26 pm  |  Source: PTI

  • IDBI Bank Q3 loss widens to Rs 2255 cr, net NPA jumps to 9.61%

    IDBI Bank Q3 loss widens to Rs 2255 cr, net NPA jumps to 9.61%  

    Asset quality deteriorated further, with gross non-performing assets as a percentage of gross advances rising 211 basis points sequentially to Rs 15.16 percent and net NPA up 129 basis points at 9.61 percent in quarter gone by.

    07 Feb 2017, 3.11 pm  |  Source: Moneycontrol.com

  • See slippages below Rs 4.8K cr in Q4; no more loan rate cut: PNB

    See slippages below Rs 4.8K cr in Q4; no more loan rate cut: PNB   

    Hinting at the fact that another lending rate cut may not come very soon, Ananthasubramanian said that all banks have brought huge cuts to the MCLR (marginal costs of funds based lending rates) after demonetisation already and the...

    07 Feb 2017, 2.31 pm  |  Source: CNBC-TV18

  • PNB Q3 profit up 4-fold at Rs 207cr, slippages down at Rs 4800cr

    PNB Q3 profit up 4-fold at Rs 207cr, slippages down at Rs 4800cr  

    Net interest income, the difference between interest earned and interest expended, fell 9.4 percent year-on-year to Rs 3,730.80 crore in October-December quarter, with negative loan growth of 1.8 percent at Rs 3.85 lakh crore.

    07 Feb 2017, 12.25 pm  |  Source: Moneycontrol.com

  • Central Bank narrows Q3 net loss at Rs 605.70 crore

    Central Bank narrows Q3 net loss at Rs 605.70 crore  

    "Total income has decreased to Rs 6,787.87 crore during the quarter against Rs 6,911.620 crore in the same quarter of the previous fiscal," the bank said in a regulatory filing.

    04 Feb 2017, 6.04 pm  |  Source: PTI

  • Oriental Bank`s Q3 net loss narrows to Rs 130 cr

    Oriental Bank's Q3 net loss narrows to Rs 130 cr  

    The public lender's net loss for the December quarter improved to Rs 130 crore from Rs 424.70 crore in the year-ago period.

    04 Feb 2017, 3.56 pm  |  Source: PTI

  • SBT net loss touches Rs 67.76 crore in Q3

    SBT net loss touches Rs 67.76 crore in Q3  

    Net NPA stood at 8.03 percent as on December 31 2016. The Operating Profit stood at Rs 440.74 crore for the quarter. SBT had recorded an Operating Profit of Rs 1360.03 crore for the nine month period ending December 2016 as again...

    03 Feb 2017, 8.56 am  |  Source: PTI

  • Vijaya Bank Q3 net profit rises to Rs 230 crore

    Vijaya Bank Q3 net profit rises to Rs 230 crore  

    Riding on the advantage of registering a least gross and net NPAs, Vijaya Bank Executive Director B S Rama Rao today said the bank posted a net profit of Rs 52.61 crore in the October-December quarter of the 2015-16 fiscal.

    02 Feb 2017, 6.02 pm  |  Source: PTI

  • Vijaya Bank Q3 net profit rises four-fold to Rs 230 cr

    Vijaya Bank Q3 net profit rises four-fold to Rs 230 cr  

    The bank had posted a net profit of Rs 52.61 crore in the October-December quarter of the 2015-16 fiscal, it said in a BSE filing today.

    02 Feb 2017, 1.20 pm  |  Source: PTI

  • UCO Bank Q3 net loss shrinks 71% to Rs 437 cr

    UCO Bank Q3 net loss shrinks 71% to Rs 437 cr  

    Public lender UCO Bank's net loss narrowed by a huge 71 per cent to Rs 437.09 crore for the quarter ended December on lower provisions for bad loans.

    31 Jan 2017, 7.40 pm  |  Source: PTI

  • Bank of Maharashtra Q3 net loss at Rs 182.51 cr

    Bank of Maharashtra Q3 net loss at Rs 182.51 cr  

    State-owned Bank of Maharashtra today posted a net loss of Rs 182.51 crore for the third quarter ended December 31, 2016, on account of higher provisioning for bad loans.

    31 Jan 2017, 6.08 pm  |  Source: PTI

  • Syndicate Bank Q3 net profit at Rs 93.56 cr

    Syndicate Bank Q3 net profit at Rs 93.56 cr  

    Syndicate Bank's total income has increased to Rs 6,554.04 crore for the quarter ended December 31, 2016, up 5.91 percent, from Rs 6,188.25 crore for the quarter ended December 31, 2015, it said in a BSE filing.

    31 Jan 2017, 2.08 pm  |  Source: PTI

  • Magicbricks Q3 revenue up 43 pc at Rs 37 cr

    Magicbricks Q3 revenue up 43 pc at Rs 37 cr  

    Realty portal MagicBricks today posted 43 percent rise in revenue at Rs 37 crore in the third quarter of this fiscal.

    30 Jan 2017, 8.58 pm  |  Source: PTI

  • Indian Bank Q3 net profit jumps over 7-fold to Rs 373 cr

    Indian Bank Q3 net profit jumps over 7-fold to Rs 373 cr   

    The bank had reported a net profit of Rs 48.48 crore in the October-December quarter of 2015-16.

    25 Jan 2017, 3.22 pm  |  Source: PTI

  • Indian Overseas Bank Q3 loss narrows to Rs 554 cr

    Indian Overseas Bank Q3 loss narrows to Rs 554 cr  

    Its net loss in the corresponding October-December quarter of 2015-16 fiscal was Rs 1,425.06 crore.

    24 Jan 2017, 8.22 pm  |  Source: PTI

  • State Bank of Mysore posts Rs 20 cr loss in Q3

    State Bank of Mysore posts Rs 20 cr loss in Q3  

    State Bank of Mysore (SBM), an SBI associate, today reported a loss of Rs 20.25 crore for the quarter ended December 31, on higher provisioning.

    24 Jan 2017, 6.48 pm  |  Source: PTI

  • Plan to focus on retail loan book, says SBBJ

    Plan to focus on retail loan book, says SBBJ   

    In an interview to CNBC-TV18, Dibakar Mohanty, MD of State Bank of Bikaner and Jaipur spoke about the results and his outlook for the bank.

    23 Jan 2017, 2.14 pm  |  Source: CNBC-TV18

  • State Bank of Bikaner standalone Dec '16 NII at Rs 685.16 crore  

    Standalone Net Interest Income (NII) for the quarter was Rs 685.16 crore and net profit was Rs 57.84 crore.

    23 Jan 2017, 12.14 pm  |  Source: Moneycontrol.com

  • SBBJ Q3 net profit nosedives 72% to Rs 57.8 cr

    SBBJ Q3 net profit nosedives 72% to Rs 57.8 cr  

    SBI associate State Bank of Bikaner & Jaipur's net profit fell sharply by 72 percent to Rs 57.84 crore in the quarter ended December 31, on mounting bad loans and fall in core income.

    20 Jan 2017, 4.22 pm  |  Source: PTI

  • Canara Bank Q3 profit jumps nearly 4-fold, asset quality weakens

    Canara Bank Q3 profit jumps nearly 4-fold, asset quality weakens   

    Public sector lender Canara Bank's profit in October-December quarter increased 279 percent to Rs 322 crore compared with Rs 85 crore in year-ago period, but asset quality worsened further on sequential basis.

    20 Jan 2017, 2.37 pm  |  Source: Moneycontrol.com

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