Jan 27, 2021 11:27 PM IST
The bank amalgamated Syndicate Bank with itself effective April 1, 2020. The financials as of December 2019, March, June and September 2020 are combined figures of both banks.
- Oct 23, 2019 10:41 AM IST
Most of the global brokerage firms which came out with recommendations maintained their rating on Axis Bank while JP Morgan raised its target price to Rs 790 from Rs 770 earlier.
- Dec 31, 2018 06:15 PM IST
The net NPAs ratio also witnessed a fall at 5.3 percent in September 2018 as against 6.2 percent in March 2018, RBI said in its Financial Stability Report.
- Jun 05, 2018 03:52 PM IST
"Further, prospects of recovery from stressed accounts referred to the National Company Law Tribunal (NCLT) are improving. More than a quarter of the Rs 3.3 lakh crore worth of cases referred to NCLT for resolution are from the steel sector which has seen heightened bidding interest due to improving prospects for the sector," the rating agency's senior director, Krishnan Sitaraman, said.
- Jul 26, 2017 02:53 PM IST
Yes Bank reported better than expected earnings for the quarter ended June 30 mostly on all the key parameters and the asset quality has also shown considerable improvement on a quarter-on-quarter basis (QoQ).
- Mar 14, 2017 01:48 PM IST
Given the higher quantum of standard restructured advances of PSBs (3.6%) than private banks (1.1%), the asset quality pressures will be higher for PSBs.
- Jan 11, 2017 02:03 PM IST
Speaking to CNBC-TV18, VG Mathew, MD & CEO said that gains in treasury income aided other income. Slippages in the third quarter were at Rs 196 crore Y-o-Y.
- Dec 21, 2016 12:27 PM IST
For the first two weeks after the cash ban the collections were down by 50 percent, says V Vaidyanathan, Executive Chairman of Capital First.
- Nov 03, 2016 03:49 PM IST
The second half will be positive for Cholamandalam, says Vellayan Subbiah, Managing Director of Cholamandalam Investment and Finance in an interview with CNBC-TV18.
- Oct 26, 2016 12:51 PM IST
In an interview to CNBC-TV18, N Krishnamachari, MD of State Bank of Mysore spoke about the results and his outlook for the company.
- Aug 11, 2016 11:09 AM IST
Gross non-performing assets (GNPA) of Bank of Baroda will likely continue to increase till the third quarter and then start coming off from the fourth quarter onward says MD & CEO PS Jayakumar even as he draws attention to the significant improvement in operating earnings.
- Aug 10, 2016 12:41 PM IST
The bank's slippages in the June quarters stood at Rs 5,330 crore and the restructured book at Rs 14,000 crore, says Atul Agarwal, ED, IOB.
- Jul 26, 2016 10:27 AM IST
In an interview with CNBC-TV18, N Krishnamachari, MD of SBM said that the slippages for this quarter increased to Rs 1050 crore against Rs 250 crore (YoY) as many inherently weak accounts slipped.
- Jul 25, 2016 05:56 PM IST
Slippages during the first quarter were Rs 3,878 crore, of which Rs 648 crore was mainly in existing accounts, said Canara Bank Managing Director & CEO Rakesh Sharma.
- Jul 20, 2016 05:46 PM IST
If net interest margin comes above 4.2 percent (against 4.35 percent in Q4FY16), credit cost lower than 50 basis points (82 basis points in FY16) and GNPA below 2.45 percent (2.36 percent in Q4) then that might be taken positively by analysts.
- May 13, 2016 06:51 PM IST
Public sector lender Bank of Baroda reported a net loss of Rs 3,230 crore in the fourth quarter while the net interest income (NII) rose 5 percent to Rs 3,330 crore.
- May 12, 2016 04:35 PM IST
The bank made extra provisioning for discoms and Food Corporation of India, which impacted Q4 earnings figures, says Sushil Muhnot, CMD of Bank of Maharashtra.
- May 12, 2016 02:57 PM IST
Vijaya Bank currently has five accounts under strategic debt restructuring (SDR) totaling Rs 400 crore and the bank has already started provisioning for these as a matter of prudence, says Kishore Sansi, MD & CEO.
- Apr 29, 2016 03:50 PM IST
Jyoti Ghosh, managing director at State Bank of Bikaner & Jaipur said as part of the asset quality review the bank focussed even on smaller accounts and managed to recover Rs 384 crore from about 91,000 accounts in FY16.
- Apr 29, 2016 09:55 AM IST
Merger of equipment finance will be keenly watched due to stress in that book .
- Apr 28, 2016 05:21 PM IST
Shriram Transport Finance Company's net profit may slip 3 percent at Rs 307 crore in March quarter, down 3 percent from Rs 317 crore in corresponding quarter last fiscal. According to a CNBC-TV18 poll, net interest income may fall 17.5 percent at Rs 1275 crore in Q4 against Rs 1085 crore on annual basis.
- Apr 27, 2016 10:30 AM IST
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.
- Jan 28, 2016 10:19 AM IST
Speaking to CNBC-TV18, Sharad Sharma, MD said higher provisioning for non-performing loans (NPLs) was done as per the Reserve Bank‘s directives.
- Jan 12, 2016 10:10 PM IST
In Apocalypse Now, a report by Macquarie Research, the brokerage firm says that several potentially non-performing accounts are being hidden behind the screen of statutory debt restructuring (SDR) and 5/25 refinancing.
- Nov 10, 2015 10:31 AM IST
Ashok Haldia MD & CEO of PTC India Financial says cautious provisioning of assets will help reduce the NPAs.