Public Sector Banks :(Data will update as result will declare)
Quarterly Results of Banks for Q3 2018
Public Sector Banks :(Data will update as result will declare)
Public Sector Banks :(Data will update as result will declare)
Dena Bank slips in red with loss in Q3
State-run Dena Bank today reported a loss of Rs 380.07 crore for the third quarter ended December 31, due to surge in bad loans and provisioning.
The bank had posted a profit of Rs 35.3 crore in the same quarter last year. Total income also declined to Rs 2,475.96 crore from Rs 2,999.5 crore in the December quarter previous fiscal.
Allahabad Bank reports Q3 loss as bad loans rise
State-owned Allahabad Bank on Wednesday reported a net loss of Rs1,263.79 crore in the December 2017 quarter compared to a net profit of Rs75.26 crore a year ago as bad loans mounted and provisions soared.
However, the loss was limited due to a tax write-back of Rs227.50 crore during the quarter. In the year-ago quarter, it had a tax write-back of Rs108.05 crore. Asset quality worsened further. Provisions and contingencies surged 169.32% to Rs2413.46 crore from Rs896.13 crore a year ago.
Indian Overseas Bank(IOB) Q3 loss widens
Indian Overseas Bank (IOB) on Tuesday said that its net loss widened to Rs971.17 crore during the third quarter ended 31 December 2017 as bad loans ratio remained over 20%.
The bank had reported a net loss of Rs554.44 crore in the same quarter a year ago. Sequentially, the loss narrowed compared with Rs1,222.50 crore in the second quarter ended in September 2017.
Punjab & Sind Bank Q3 result, reported loss
Public sector Punjab and Sind Bank has reported a net loss of Rs 258.25 crore in the third
quarter ended December 2017, owing to over two-fold jump in NPA provisioning. It had reported
a net profit of Rs 77.51 crore in the corresponding October-December period of
2016-17.
Operating profit
of the bank, however, was up at Rs 353.13 crore for the December quarter of
2017-18 against Rs 277.10 crore in the same period a year ago, the bank said in
a regulatory filing.
Corporation bank posts Q3 loss due to higher NPA
Corporation Bank has reported a net loss of Rs1,240.49 crore for the December quarter of the current fiscal on higher provisioning for bad loans.
The state-owned bank had, in contrast, registered net profit of Rs159.02 crore in the October-December period of last fiscal. Sequentially, the net loss widened from Rs1,035.20 crore in the second quarter (July-September) of 2017-18. The bank’s total income also decreased to Rs4,841.37 crore in the third quarter of 2017-18, as against Rs5,839.56 crore in the year-ago period as expenses were higher, showed the bank’s balance sheet in a regulatory filing.
Indian Bank Q3 profit down 19%
Indian Bank on Monday reported a fall of nearly 19% in net profit at Rs303.06 crore for the third quarter ended 31 December, due to higher operating expenses, provisioning and contingency reserve.
The public sector bank had registered a net profit of Rs373.48 crore in the corresponding October-December period of previous fiscal.
United bank of india Q3 result, reported net loss
Public sector United Bank of India (UBI) has reported a net loss of Rs637.53 crore during third quarter ended December 2017 on dip in investment income and a substantial rise in non performing assets (NPA) provisioning.
During same period of previous fiscal, the bank had registered a net profit of Rs64.10 crore. “Owing to a drop in trading profit (nearly Rs 375 crore), growth in depreciation on investments (428 per cent) on account on unfavourable market conditions and spike in NPA provisioning by about 95 per cent (Rs 470 crore) during the period, the overall profitability has been adversely affected,” the bank said in a statement.
Bank of India(BoI) Q3 result,reported huge loss
Public sector lender Bank of India has
reported net loss of Rs 2,341.20 crore for quarter ended December 2017, with
disappointing asset quality performance and big FY17 divergence.
More than double
provisions in Q3 YoY, and lower net interest income, other income and operating
income hit profitability. Profit in year-ago quarter stood at Rs 107.72 crore
and CNBC-TV18 poll estimated loss at Rs 51.5 crore for the quarter.
Net interest income
during the quarter declined 18.4 percent year-on-year to Rs 2,501 crore was far
lower than CNBC-TV18 poll estimates of Rs 2,826.6 crore.
Syndicate Bank posts standalone net loss in Q3
Syndicate Bank posts standalone net loss at Rs869.8cr in Q3FY18 vs. net profit of Rs93.60cr yoy. Syndicate Bank's revenue for Q3FY18 declined by 9.3% yoy to Rs5,945cr. Its NII for the quarter came at Rs1,623cr as against Rs1,391cr yoy. The bank has reported net loss of Rs869.8cr for the quarter, against profit of Rs93.6cr reported in corresponding quarter last year. Its GNPA for Q3FY18 stood at 9.62% as against 9.39% qoq, which has increased by 23bps. NNPA for the quarter came at 5.44% against 5.76% qoq, which has declined by 32bps.
- The provision for the quarter came at Rs2,090cr as against Rs785cr yoy.
- Its capital adequacy ratio for Q3FY18 end stood at 11.88%.
Syndicate Bank posts standalone net loss at Rs869.8cr in Q3FY18 vs. net profit of Rs93.60cr yoy. Syndicate Bank's revenue for Q3FY18 declined by 9.3% yoy to Rs5,945cr. Its NII for the quarter came at Rs1,623cr as against Rs1,391cr yoy. The bank has reported net loss of Rs869.8cr for the quarter, against profit of Rs93.6cr reported in corresponding quarter last year. Its GNPA for Q3FY18 stood at 9.62% as against 9.39% qoq, which has increased by 23bps. NNPA for the quarter came at 5.44% against 5.76% qoq, which has declined by 32bps.
Standalone Results Q3FY18: (Rs. in crore)
| Q3FY18 | YoY (%) | |
|---|---|---|
| NII | 1,623 | 16.7 |
| NPA (%) | 9.6 | 93 |
| Provisions | 2,090 | 166.2 |
| Net Loss (adjusted) | 869.80 | 0 |
***NPA change is bps
UCO Bank Q3 net loss widens,bad loans spike
Public sector UCO Bank widened its net loss to Rs 1,016.43 crore in the quarter ended December 2017 as gross bad loans ratio hit over 20 per cent, resulting into nearly doubling the amount for provisioning requirement.
The bank had reported a net loss of Rs 437.09 crore in the corresponding period of the previous fiscal. The losses were also higher compared sequentially against Rs 622.56 crore in the second quarter ended September of this fiscal.
Bank of Baroda(BoB) Q3 profit down 56% on high provisions
Public sector lender Bank of Baroda said
profit in third quarter fell sharply by 56 percent to Rs 111.8 crore, dented by
higher provisions but supported by net interest income and operating income. It
lower than CNBC-TV18 estimates of Rs 282.6 crore.
Profit in
year-ago quarter stood at Rs 252.7 crore.
Net interest
income growth of 40.2 percent year-on-year at Rs 4,394 crore was ahead of
CNBC-TV18 poll of Rs 3,745.3 crore, with total loan growth of 14 percent YoY at
Rs 3.99 lakh crore whereas deposits declined 2.8 percent to Rs 5.73 lakh crore
in Q3.
State Bank of India posts loss in Q3, asset quality weakens
Country's largest lender State Bank ofIndia has posted net loss of Rs 2,416.4 crore for quarter ended
December 2017, hit by sharp spike in provisions with weak asset quality.
The bank had
reported profit at Rs 1,820 crore for year-ago quarter.
"Net loss
was due to lower trading income due to hardening of bond yields, higher
corporate slippages leading to higher loan loss provisions and significant
investment depreciation hit," the bank said.
Central Bank of India Q3 loss widens, bad loans rising
Central Bank of India on Friday reported widening of loss to a staggering Rs1,664.22 crore for the third quarter ended 31 December 2017-18, on persisting bad loans.
The state-owned bank had posted Rs605.70 crore loss in the October-December quarter of 2016-17. Its total income decreased to Rs6,589.32 crore during the quarter under review, as against Rs6,787.87 crore in the year-ago period, the bank said in a regulatory filing.
Andhra Bank post net loss in Q3 on NPA woes
Public sector Andhra Bank reported a net loss of Rs 532.02 crore in the third
quarter ended December of this fiscal due to higher bad loan provisioning. The bank had
made a net profit of Rs 56.70 crore in corresponding October-December period of
2016-17.
Sequentially, it
widened the loss against Rs 385.11 crore loss in the second quarter ended
September during this fiscal.
Total income of
the bank increased slightly to Rs 5,093.43 crore in the December quarter, as
against Rs 5,012.86 crore in the year-ago quarter, the bank said in a
regulatory filing.
City Union Bank Q3 profit up 22.2%
Private sector City Union Bank has recorded a 22.2% rise in its third quarter net profits for the period ending 31 December 2017 at Rs154.79 crore “on strong growth in net interest income”, a top official said.
The Tamil Nadu-based bank had recorded net profits at Rs126.62 crore in the corresponding period of the previous year. Declaring the financial results, the bank’s managing director and chief executive officer (CEO), N. Kamakodi said the robust growth in advances over the last three quarters and “growing interest income enabled our net profit grow by 22 per cent”.
Bank of Maharashtra Q3 net loss widens 3-fold
State-owned Bank of Maharashtra on Tuesday reported over three-fold jump in net loss to Rs596.70 crore during the quarter ended December 2017 on spike in provisions due to higher non-performing assets (NPA) ratio.
Punjab National Bank(PNB) Q3 net profit rises 11.06%
Punjab National Bank's third quarter (October-December) earnings missed analyst
expectations on Tuesday, but asset quality improved sequentially.
Profit growth of
11 percent at Rs 230.11 crore and net interest income growth of 7 percent at Rs
3,989 crore year-on-year were below CNBC-TV18 poll of Rs 558.1 crore and Rs
4,122.9 crore, respectively.
Union Bank of India posts Q3 loss,asset quality weakens but NII grows 19%
Public sector lender Union Bank ofIndia disappointed Street on Saturday as it posted net loss of
Rs 1,250 crore for December quarter against profit of Rs 104 crore in previous
year.
Profit included
investment depreciation of Rs 700 crore & Rs 991 crore of additional
provision for 18 accounts referred to National Company Law Tribunal, as per RBI
list-II, the bank said.
J&K Bank Q3 net profit at Rs72.47 crore
Jammu & Kashmir Bank on Wednesday reported a net profit of Rs72.47 crore during third quarter ended 31 December 2017.
The bank had reported a net loss of Rs498.47 crore in the October-December quarter of 2016-17. A fall in bad loan proportion helped the bank report profit on its books. The gross non-performing assets (NPAs) as a percentage of net loans by end of December 2017 fell to 10.08%, as against 11.84% as on 31 December 2016, it said in a BSE filing.
