Karnataka Bank Q2 net profit down 25%

Karnataka Bank Ltd on Friday said its second-quarter net profit fell 24.58% on the back of higher provisioning. Net profit fell to Rs93.38 crore for the three months ended 30 September from Rs123.82 crore in the same quarter last year.

Profit was lower than the Rs131 crore estimated by a Bloomberg poll of two analysts.

Despite this, the bank increased provisions during the quarter to Rs225.98 crore as against Rs130.55 crore in the year-ago quarter. In the April-June quarter, the bank had set aside Rs198.88 crore in provisions.

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IndusInd Bank Q2 net profit rises 25%

IndusInd Bank Ltd on Thursday said its net profit for the September quarter rose 25% from a year ago due to higher net interest income and other income.

Net profit for the quarter stood at Rs880.10 crore versus Rs704.26 crore a year ago. According to estimates of 15 Bloomberg analysts, the bank was expected to report a profit of Rs886.50 crore.

Net interest income or the core income a bank earns by giving loans increased 24.7% to Rs1,820.99 crore from Rs1,460.31 crore last year. Other income was at Rs1,187.57 crore, up 22.38% from Rs970.42 crore.

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Lakshmi Vilas Bank Q2 net profit down 84%

Lakshmi Vilas Bank Ltd on Wednesday said its net profit in the second quarter fell 83.81% from a year ago due to higher provisioning.

Net profit fell to Rs10.50 crore for the three months ended 30 September from Rs64.85 crore in the same quarter last year.

Profit was lower than the Rs41.70 crore estimated by a Bloomberg poll of an analyst.

The bank increased provisions during the quarter to Rs187.38 crore from Rs62.57 crore a year ago. In the April-June quarter, the bank had set aside Rs112 crore in provisions.

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South Indian Bank Q2 net profit falls 96%

South Indian Bank Ltd on Tuesday reported 96% decline in its September quarter net profit due to higher provisions.

Net profit for the quarter stood at Rs4.32 crore against Rs110.52 crore a year ago.

Provisions and contingencies surged over 253% to Rs453.68 crore from Rs128.33 crore a year ago. On quarter-on-quarter basis, it jumped over 102% from Rs2,898.22 crore.

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Government appoints executive directors in nine public sector banks

The government has approved the appointment of executive directors (EDs) for nine public sector banks. 

Bajrang Singh Shekhawat has been appointed the executive director of Central Bank of India, an order issued by the Department of Personnel and Training (DoPT) read.

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Tentative date of results of Banks for Q2 2018

Public Sector Banks :(Data will update as date will declare)

Allahabad Bank              Result Date - 10 Nov 2017
Andhra Bank                  Result Date - 02 Nov 2017
Bank of Baroda              Result Date - 14 Nov 2017
Bank of India                  Result Date - 10 Nov 2017
Bank of Maharashtra      Result Date - 10 Nov 2017
Canara Bank                  Result Date - 27 Oct 2017
Central Bank of India      Result Date - 30 Oct 2017
Corporation Bank           Result Date - 14 Nov 2017
Dena Bank                     Result Date - 10 Nov 2017
IDBI Bank                       Result Date - 31 Oct 2017
Indian Bank                    Result Date - 06 Nov 2017
Indian Overseas Bank    Result Date - 07 Nov 2017
Oriental Bank of Com.    Result Date - 08 Nov 2017
Punjab & Sind Bank       Result Date - 14 Nov 2017
Punjab National Bank     Result Date - 03 Nov 2017
State Bank of India         Result Date - 10 Nov 2017
Syndicate Bank              Result Date - 31 Oct 2017
UCO Bank                      Result Date - 03 Nov 2017
Union Bank of India        Result Date - 03 Nov 2017
United Bank of India       Result Date - 13 Nov 2017
Vijaya Bank                    Result Date - 26 Oct 2017

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