Jan 28, 2015 09:36 PM IST
It may be yet another subdued quarter for soon-to-be-bank IDFC with the firm expected to report a 16.6 percent fall in third-quarter net profit to Rs 417.8 crore while net interest income may rise 1.6 percent to Rs 674 crore, according to a CNBC-TV18 poll of analysts.
- Jan 23, 2015 02:57 PM IST
Discussing the bank‘s third quarter earnings, State Bank of Mysore MD Sharad Sharma said the company‘s asset quality has been improving, which has resulted in a decrease in non-performing asset (NPA) provisons.
- Jan 20, 2015 03:39 PM IST
In an interview to CNBC-TV18, C Ilango, MD of Can Fin Home Finance, discusses the numbers and company‘s future outlook.
- Dec 24, 2014 12:02 PM IST
Jignesh Shial, research analyst, IDBI Capital Markets likes HDFC Bank the most among private banks and State Bank of India among public sector banks. He is also bullish on City Union Bank, Karur Vysya Bank and Federal Bank.
- Nov 14, 2014 04:09 PM IST
SBI is working on quality delivery with McKinsey. The country's largest bank has rolled out two pilot branches. It has rolled out retail assets processing centre in Mumbai and Delhi, says Arundhati Bhattacharya of SBI.
- Nov 14, 2014 01:15 PM IST
Suruchi Jain, equity research analyst, Morningstar India says SBI's profit after tax is up 30%, NPA is flat and most slippages on infrastructure book has already happened and hence things should improve from hereon.
- Nov 05, 2014 12:12 PM IST
"We downgraded IOB following a recent deterioration in the bank's asset quality and our expectation that it will remain weak over the next 12 months," S&P said in a statement.
- Nov 03, 2014 08:14 PM IST
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.
- Oct 30, 2014 02:00 PM IST
Jignesh Shial of IDBI Capital Markets wants to hear the management commentary on the kind of corporate loan pickup the bank is seeing.
- Oct 21, 2014 03:10 PM IST
Provisions and contingencies 4.8 times year-on-year (up 1.2 percent sequentially) to Rs 95.7 crore in the quarter ended September 2014.
- Oct 21, 2014 01:25 PM IST
Net interest income, the difference between interest earned and interest expended, grew by 23.1 percent to Rs 5,511 crore in the quarter ended September 2014 from Rs 4,476.5 crore in the year-ago period.
- Oct 21, 2014 12:49 PM IST
Profit increased to Rs 575.3 crore during the quarter as against Rs 505.5 crore in same quarter last year due to higher other income.
- Oct 13, 2014 10:05 AM IST
Net interest income, the difference between interest earned and interest expended, may climb 18.1 percent to Rs 826.6 crore in the quarter ended September 2014 compared to Rs 700 crore in same quarter last year.
- Oct 08, 2014 11:02 AM IST
The brokerage maintains buy on the stock with a target price of Rs 3,160 based on 1.5x September-16 consolidated adjusted price-to-book.
- Sep 11, 2014 12:50 PM IST
Macquarie maintains outperform rating on the stock with a target price of Rs 447. According to the brokerage, the stress on incremental asset quality of the bank is easing.
- Aug 26, 2014 11:58 AM IST
Stocks of PSU banks slipped on concerns of asset quality due to their exposure to coal mines. State Bank of India was trading down 18 points at Rs 2487.55 at 11:06.
- Mar 04, 2014 12:50 PM IST
Leif Eskesen, Chief Economist for India & Asean, HSBC Global Research says third quarter GDP growth is in line with expectation. On the demand side, weakness still resides when in comes to private consumption and investment. He says, Indian recovery has to be investment-led for it to be sustainable.
- Feb 21, 2014 02:13 PM IST
Bhargava reportedly had a stormy stint at the bank after she brought up several issues of accounting malpractices before the central bank and was said to have had a run-in with other top employees at the state-run lender.
- Feb 11, 2014 02:21 PM IST
According to Geeta Chugh, Senior Director at S&P, even as the economy is expected to improve, asset quality challenges for Indian banks will continue to persist. Stressed assets, she said, would inch up from 10 percent in FY14 to 12 percent in FY15.
- Feb 07, 2014 03:52 PM IST
The government has also advised public sector banks (PSBs) to take a number of new initiatives to increases the pace of recovery.
- Feb 06, 2014 08:07 PM IST
BoB reports strong Q3 numbers
- Feb 06, 2014 01:19 PM IST
Net interest income jumped 21 percent to Rs 197.5 crore from Rs 163.4 crore during the same period while other income or non-interest income declined to Rs 64.76 crore from Rs 65.89 crore.
- Feb 06, 2014 11:52 AM IST
Net interest income too came in higher-than-expected at Rs 3,057 crore, a growth of 7.6 percent compared to corresponding quarter of previous year.
- Jan 31, 2014 04:25 PM IST
Within the PSU banks space, Rajiv Mehta, banking analyst at IIFL is bullish on Bank of India because its asset quality has been more resilient when compared to other banks in the space.
- Jan 31, 2014 02:58 PM IST
Vaibhav Agrawal of Angel Broking says despite lower than expected net profit, the bank surprised on the positive by posting around Rs 700-800 crore improvement in non-performing assets. Even combining the two factors, the numbers look fairly decent.