![50% provisions for IBC accounts "very reasonable": RBI's Acharya](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2017/06/30/21121-viral-acharya-youtube.png?itok=9FbrQXJA&c=22a12e4955a45ac46b05732047323c73 "50% provisions for IBC accounts "very reasonable": RBI's Acharya")
50% provisions for IBC accounts "very reasonable": RBI's Acharya
Fri, Jun 30, 2017
Viral Acharya incharge of monetary policy making said till now, the banks have neglected the crucial aspect of provisions against the expected losses which have resulted in lack of success in earlier resolution attempts.
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Oriental Bank of Commerce's net loss narrowed to Rs 130 crore in Q3
Sat, Feb 04, 2017
Oriental Bank of Commerce reported net loss of Rs 130.01 crore in its third quarter ended December 31, 2016, which has narrowed compared to net loss of Rs 424.69 crore in the similar period of the previous year.
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Canara Bank's Q3 profit rises 280%; shares fall
Fri, Jan 20, 2017
Canara Bank on Friday reported 279% rise in its net profit for third quarter ended December 31, 2016. The bank said that net profit for the given quarter stood at Rs 321.88 crore, a rise of 279.26% from Rs 84.87 crore for the corresponding period of the previous year.
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DCB Bank's Q3 net profit rises by 25%; Gross NPA contracts by 43 bps
Sat, Jan 14, 2017
Murali M. Natrajan, Managing Director and CEO of DCB Bank said, "The bank admirably rose to the occassion and tirelessly served each and every customers. Also in an otherwise hectic quarter, we kept moving towards executing our branch expansion strategy announced in October, 2015 and added 20 new branches."
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South Indian Bank Q3 net profit rises 10%, provisions up 94%
Wed, Jan 11, 2017
Many analysts have expected that NII of most banks would be under pressure led by decline in credit-to-deposits. The pressure under NII was recorded in South Indian Bank this Q3. It stood at Rs 417.52 crore, which was up by 2.65% yoy but down by 6.21% qoq.
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Third Quarter Results: NBFCs likely to offset demonetisation impact
Wed, Jan 11, 2017
M B Mahesh, Nischint Chawath and Abhijeet Sakhare of Kotak Institutional Equities said, “Despite challenges in the cash economy, NBFCs will likely deliver stable performance supported by aggressive recovery efforts and regulatory reprieve on NPL classification; a flat qoq loan book will affect NII growth in later quarters.”
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Q3FY17: IndusInd Bank beats estimate, reports 29% rise in net profit
Tue, Jan 10, 2017
While provisions and contingencies was at Rs 216.85 crore, increasing by 22.45% yoy and 1.38%. On the other hand gross non-performing assets (GNPA) stood at 0.94%, expanding by 10 basis points yoy and 4 basis points qoq.
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Q3 review: Credit growth, weak NII, fee income to impact banking sector
Tue, Jan 10, 2017
Systematix said, "We expect banks’ pre-provisioning profits to rise a modest 7.7% yoy (-14.2% qoq). However, due to lower NPA provisioning yoy, we expect our banking universe to see the net profit rising 54.9% yoy in 3QFY17e."
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Bank of Baroda net profit rises by 343.54%; provisions for bad loans decline
Fri, Nov 11, 2016
Gross non-performing assets (GNPA) got nearly doubled this quarter in comparison with previous year same period. GNPA stood at 11.35% this period, expanding by 579 basis points yoy and 20 basis points.
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Analysts back ICICI Bank even as provisions rise manifold
Tue, Nov 08, 2016
MB Mahesh, Nischint Chawathe and Abhijeet Sakhare, analysts at Kotak Institutional Equities said, “Despite a weak headline performance with stake sale driving operating profit growth, we like the results for the following: (1) watch-list is seeing greater share of resolution as compared to earlier fears of being impaired, (2) availability of contingency reserves, (3) solid growth in CASA/retail loans, and (4) healthy capital."
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ICICI Bank's Q2 provisions balloon 652%; net profit beats estimates
Mon, Nov 07, 2016
Interestingly, the bank's provisions and contingencies for the quarter increased by 651.75% to Rs 7082.69 crore against Rs 942.16 crore for the corresponding quarter of the previous year. On quarter-on-quarter basis, the provisions were up by 181.67%.
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Dena Bank disappoints Q2 with net loss of Rs 44.32 crore
Sat, Nov 05, 2016
Dena Bank's reported net loss of Rs 44.32 crore for the second quarter September 30, 2016, compared to net profit of Rs 38.76 crore in the corresponding period of the previous year. However, the Q2 net loss has narrowed against net loss of Rs 279.35 crore reported in the preceding quarter.
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PNB sees 12% decline in net profit; provisions up by 35%
Sat, Nov 05, 2016
While provisions and contingency stood at Rs 2533.76 crore, witnessing rise of 34.62% yoy but decline of 7.47% qoq. Gross non-performing assets (GNPA) stood at 13.63%, expanding by 727 basis point yoy but contracting by 12 basis points qoq.
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