Results of Indian Public & Private Sector Banks for Q3 2017

Public Sector Banks :

Allahabad Bank

Andhra Bank

Bank of Baroda

Bank of India

Bank of Maharashtra

Canara Bank

Central Bank of India

Corporation Bank

Dena Bank

IDBI Bank

Indian Bank

Indian Overseas Bank

Oriental Bank of Commerce

Punjab & Sind Bank

Punjab National Bank

State Bank of Bikaner and Jaipur

State Bank of India

State Bank of Mysore

State Bank of Travancore

Syndicate Bank

UCO Bank

Union Bank of India

United Bank of India

Vijaya Bank

Private Sector Banks : 

Axis Bank

DCB Bank

Federal Bank

HDFC Bank

ICICI Bank

IDFC Bank

IndusInd Bank

Jammu & Kashmir Bank

Kotak Mahindra Bank

Karur Vysya Bank

Lakshmi Vilas Bank

RBL Bank

South Indian Bank

Yes Bank

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Allahabad Bank Q3 result, net profit at Rs75.26 crore

Allahabad Bank on Monday reported a net profit in the December quarter as compared with a loss in the year-ago period, owing to lower provisions against bad loans and higher other income.

The state-owned lender reported a net profit of Rs75.26 crore in the third quarter as compared with a loss of Rs486.14 crore a year ago. Net interest income (NII), or the difference between interest earned on loans and that spent on deposits, fell 16.44% on a year-on-year basis to Rs1,183.31 crore. Other income, though, rose by 77% from a year-ago period to Rs729.87 crore.

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Corporation Bank Q3 result, 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. 

The bank had posted a loss of Rs 388.3 crore in the same quarter last year. Total income rose to Rs 2,999.5 crore during the quarter from Rs 2,722.2 crore in the same period previous fiscal. 

However, gross NPAs as a percentage to total advances rose significantly to 11.26 per cent from 7.32 per cent in the same quarter a year ago. 

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Dena Bank Q3 result, profit up at Rs35 crore

Dena Bank posted a net profit in the third quarter results it announced on Friday, on the back of reduction in its provisions.It reported a net profit of Rs35.31 crore compared to Rs662.85 crore loss reported last year for the same period.

According to estimates of one Bloomberg analyst, the bank was expected to post a net profit of Rs82.40 crore.Net interest income (NII), or the core income a bank earns by giving loans, rose 17.55% to Rs665.91 crore in the December quarter from Rs566.49 crore last year.

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Bank of Baroda(BOB) Q3 result, posts net profit of Rs 253 crore

Bank of Baroda posted a net profit of Rs 253 crore for the third quarter ended December 31, 2016. The bank had a loss of Rs 3,342 crore, during the corresponding quarter of the previous year. Its net interest income- difference between interest earned and interest expended- rose 15.86% to Rs 3,134 crore from Rs 2,705 crore. 

The net interest margin for Domestic operations stood at 2.49% while global margin stood at 2.06%. The bank saw increase in percentage of deposits to total domestic deposits go up 40.46% as against 34.23% as at September 30,2016.

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State bank of India(SBI) Q3 result, profit rises 134% to Rs2,610 crore

State Bank of India on Friday said its net profit for the December jumped 134% from a year-ago period due to higher net interest income and other income.

The bank reported a net profit of Rs2,610 crore in the December quarter against Rs1115.34 crore a year ago. According to 18 Bloomberg analyst estimates, the bank is expected to post a net profit of Rs 2,509.70 crore.

Net interest income (NII), or the core income a bank earns by giving loans, rose 7.7% to

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Andhra Bank Q3 result, profit jumps 65% at Rs 56.70 cr

Public sector Andhra Bank today reported 65 percent 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. 

It had made net profit of Rs 34.46 crore in the October- December quarter of last fiscal, 2015-16. "Total income has increased to Rs 5,012.86 crore for the quarter ended December from Rs 4,801.40 crore for the same of the previous fiscal," the bank said in a regulatory filing. 

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Bank of India(BOI) Q3 result, posts profit of Rs102 crore

Bank of India on Thursday reported a 19.80% decline in its net profit for the December quarter compared to the previous quarter. The bank had reported a net loss of Rs1,505.58 crore in the December quarter last year.

Net profit for the third quarter decreased to Rs101.72 crore compared with Rs126.84 crore a quarter ago. According to estimates of 14 Bloomberg analysts, the bank was expected to post a net loss of Rs11.19 crore.

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

State-owned Punjab & Sind Bank today reported a rise of 10.2 percent in net profit at Rs 77.51 crore for the third quarter ended December 2016, on lower provisioning for bad assets. 

The bank had registered a net profit of Rs 70.32 crore in the corresponding October-December period of previous fiscal. Total income of the bank, however, fell to Rs 2,158.01 crore during the quarter under review from Rs 2,260.56 crore a year ago, the bank said in a regulatory filing. 

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Union Bank of India Q3 result, profit rises 32% to Rs104 crore

Union Bank of India on Wednesday reported a 32% increase in net profit in the December quarter on increase in other income.

Net profit for the quarter increased to Rs104 crore compared with Rs78.54 crore a year ago. According to estimates of 14 Bloomberg analysts, the bank was expected to post a net profit of Rs227.40 crore.

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United Bank of India Q3 result, posts net profit of Rs64.10 crore

United Bank of India on Friday said it registered a net profit of Rs64.10 crore in the December quarter against Rs17 crore a year ago, thanks to higher income and a substantial tax credit.

Net interest income (NII), or the core income a bank earns by giving loans, rose 68.45% to Rs608.09 crore in from Rs360.98 crore last year. Other income more than doubled to Rs814.08 crore from Rs357.21 crore. The bank also reported a tax credit of Rs122.49 crore.

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IDBI Bank Q3 result, posts net loss of Rs2,255 crore

IDBI Bank on Tuesday said its net loss for the December quarter widened from a year ago as bad loans continued to mount amid a sharp fall in net interest income (NII).

The bank reported a loss of Rs2,254.96 crore in the December quarter against Rs2,183.68 crore a year ago. According to Bloomberg analyst estimates, the bank expected to post a net profit of Rs24.40 crore.

NII or the core income a bank earns by giving loans fell 45.33% to Rs850.38 crore from Rs1,555.54 crore last year. Other income declined 4.7% to Rs551.15 crore from Rs578.30 crore in the same period last year.Provisions and contingencies slumped 13.9% to Rs3,205.52 crore in the quarter from Rs3,722.67 crore a year ago. On quarter-on-quarter basis, it soured 137.6% from Rs1349.09 crore.

Gross non-performing assets (NPAs) rose 17% to Rs35,245.33 crore at the end of the December quarter from Rs30,133.96 crore in the September quarter. On year-on-year basis, it jumped 79.7% from Rs19,615.22 crore.As a percentage of total loans, gross NPAs were 15.16% at the end of the December quarter as compared to 13.05% in the previous quarter and 8.94% in the year-ago quarter.

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Punjab National Bank(PNB) Q3 result, posts net profit of Rs207 crore

Punjab National Bank (PNB), India’s fifth-biggest lender by assets, reported on Tuesday a surge in third-quarter profit on lower provisions for bad loans, but the profit fell short of analysts’ expectations.

Net profit rose to Rs207 crore for the three months to 31 December from Rs51 crore a year ago, the state-run lender said in a stock exchange filing.

Analysts on average had expected a net profit of Rs6.29 billion, according to data compiled by Thomson Reuters. Gross bad loans as a percentage of total loans were 13.7% in the December quarter, little changed from 13.63% in September, but far higher than 8.47% a year earlier.

Banks such as PNB have seen a surge in their bad loans in the past one year after an asset-quality review ordered by the regulator in a bid to clean up the sector.

Provisions for bad loans were Rs3,363 crore in the December quarter, lower than Rs3,767 crore a year earlier, but higher than Rs2,218 crore reported in the September quarter.

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Central Bank of India Q3 result, posts loss of Rs605.70 crore

Central Bank of India on Saturday reported a net loss of Rs605.70 crore for the quarter ended December 2016 on persisting bad loans.

The bank trimmed its losses for the quarter against a Rs836.62 crore in the corresponding period of the previous fiscal. “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.

On asset quality, the bank’s gross non-performing assets (NPA) grew to 14.14% of gross advances during the quarter against 8.95% in the year-ago period. Net NPA stood at 8.54% of net advances, up from 5.30% a year ago. The provisioning for bad loans and contingencies was at Rs1,486 crore during the quarter, slightly down from Rs1,499.05 crore year ago.

Central Bank of India also said it allotted over 1.71 crore shares to Life Insurance Corporation of India on a preferential basis for Rs139.65 crore.

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Jammu and Kashmir(J&K) Bank Q3 result, post net loss at Rs498 crore

Jammu and Kashmir Bank on Saturday reported a net loss at Rs498.47 crore for the third quarter ended December 2016, mainly due to sharp jump in provisions for bad loans.

The bank had reported a net profit of Rs117.68 crore in the year-ago period. Its total income also decreased to Rs1,770.2 crore from Rs1,806.08 crore in the same period last fiscal, the bank said in a BSE filing.

The total provisions excluding income tax increased over threefold to Rs726.28 crore, as against Rs239.67 crore in the year-ago period. Gross NPA (non-performing assets) as a percentage of total advances rose significantly to 11.84%, from 6.81% a year earlier. The bank’s net NPA stood at 5.99%, from 2.60% at the end of December 2015.

In a separate filing, Jammu and Kashmir Bank said its board of directors have approved the proposal for further issue of equity shares of the bank up to a maximum of Rs250 crore (including the premium amount) on a preferential allotment basis to the government of Jammu and Kashmir, the promoter and majority shareholder of the bank, subject to approvals.

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Oriental Bank of Commerce(OBC) Q3 result, post net loss of Rs130 crore

Public lender Oriental Bank of Commerce’s net loss for the December quarter narrowed to Rs130 crore from Rs 424.70 crore in the year-ago period.

  

Total income has increased to Rs5,415.97 crore during the quarter ended 31 December 2016 from Rs5,350.48 crore in the same quarter a year ago, the bank said in a BSE filing.

The bank’s interest income also fell to Rs4,438.62 crore during October-December period as against Rs4,955.96 crore a year ago.

The asset quality of the bank deteriorated further, with gross non-performing assets (NPAs) rising to 13.80% of the gross advances during the quarter as against 7.75% a year earlier.

In absolute terms, the gross NPAs stood at Rs20,492.18 crore as against Rs11,824.90 crore year earlier. Net NPAs or bad loans soared to 9.68% of the net advances during the period from 4.99% during the October-December quarter last fiscal.

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Vijaya Bank Q3 result, Profit rises fourfold to Rs230 crore

Vijaya Bank has locked in upper circuit of 20% at Rs 64, also its 52-week high on the BSE, after reported an over four-fold jump in net profit at Rs 230 crore for the quarter ended December 2016 (Q3FY17), due to higher other income. The state-owned bank had profit of Rs 53 crore in the same quarter year ago.

Net interest income (interest earned minus interest expended) increased by 22.7% at Rs 906 crore during quarter under review against Rs 738 crore in the corresponding quarter of previous fiscal. Other income jumped nearly three-fold to Rs 577 crore from Rs 209 crore over the previous year.

The bank’s assets quality improved on sequential basis with gross non-performing assets (NPAs) stood at 6.98% of gross advances, as on December 31, 2016 compared with 7.07% in the September 2016 quarter. The net NPAs stood at 4.74% against 5.10% in the preceding quarter.

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State Bank of Travancore(SBT) Q3 result, posts loss of Rs 68 crore

SBI associate State Bank of Travancore(SBT) today reported a net loss of Rs 67.76 crore for third quarter ended December due to four-fold jump in bad loans. 

The bank had registered a net profit of Rs 91.47 crore in the year-ago period, it said in a BSE filing. However, the third quarter figures show that bank's net loss narrowed as compared to net loss of Rs 587.69 crore in the second quarter ended September 2016. 

As asset quality of the public sector bank slipped further during the quarter, the gross non-performing assets (NPAs) rose to 12.22 per cent in December quarter up from 3.87 per cent a year ago. Net NPA stood at 8.03 per cent against 2.46 per cent a year earlier. 

In absolute value, gross NPAs were Rs 8,169.97 crore, against Rs 2,603.88 crore. Net NPAs rose to Rs 5,121.89 crore from Rs 1,628.07 crore a year earlier. Thus, to cover bad loans, bank had to make provisions including contingencies of Rs 441.61 crore in the December quarter as compared to Rs 318.65 crore a year ago. 

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UCO Bank Q3 result, posts 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. 

The bank had posted a net loss of Rs 1,497.01 crore for the same quarter in the previous fiscal. Net income fell 1.4 per cent to Rs 4,864.21 crore during the quarter, from Rs 4,934.63 crore a year ago. Provisions to cover bad loans and contingencies were at Rs 1,326.05 crore, down from Rs 2,360.84 crore in the previous fiscal. 

But the bank continued to grapple with high bad loan ratio, with gross net-performing assets firming up to 17.18 per cent of gross advances as on December 31, from 10.98 per cent a year earlier. 

Net NPAs came in at 8.09 per cent, up from 6.51 per cent, on a yearly basis. In absolute terms, gross NPAs rose to Rs 22,181.26 crore for the period from the earlier Rs 14,931.80 crore. 

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Bank of Maharashtra Q3 result, Posts loss of 182.51cr

Bank of Maharashtra on Tuesday posted a loss for the fourth straight quarter as bad loans continued to mount and provisions soared.

The bank reported a loss of Rs182.51 crore in the December quarter, versus a net profit of Rs89.06 crore a year ago.

Net interest income (NII) or the core income a bank earns by giving loans fell 27.7% to Rs702.14 crore from Rs971.43 crore last year. Other income increased 150.11% to Rs552.26 crore from Rs220.81 crore in the same period last year.Provisions and contingencies surged 69.7% to Rs585.41 crore in the quarter from Rs345.01 crore a year ago.

Gross non-performing assets (NPAs) rose 6.8% to Rs15,417.65 crore at the end of the December quarter from Rs14,433.90 crore in the September quarter. On year-on-year basis, it jumped 85.72% from Rs8,301.62 crore.

As a percentage of total loans, gross NPAs stood at 15.08% at the end of the December quarter as compared to 14.08% in the previous quarter and 7.97% in the year ago quarter.Net NPAs were at 10.67% in the December quarter compared to 9.94% in the previous quarter and 5.52% in the same quarter last year.

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