CSB Bank net profit rises 19% to Rs 156 crore as bad loans decline
1 year, 7 months ago

CSB Bank net profit rises 19% to Rs 156 crore as bad loans decline

Business Standard  

Private sector lender CSB Bank on Friday reported 19 per cent rise in net profit at Rs 156 crore for March quarter 2022-23 as bad loans declined. During the quarter, the bank's total income increased to Rs 762.81 crore from Rs 583.17 crore a year ago, CSB Bank said in a regulatory filing. The Kerala-based bank recorded a net profit of Rs 547 crore for the year ended March 2023 as against Rs 458 crore in the previous year, logging a 19 per cent increase. Net Interest Income in FY23 stood at Rs 1,334 crore, posting an increase of 16 per cent over the previous year.

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History of this topic

PSB’s Record 26% Profit Growth in First Half FY25
1 month, 1 week ago

PSB’s Record 26% Profit Growth in First Half FY25

Deccan Chronicle  

New Delhi: The finance ministry on Tuesday said that public sector banks have shown robust performance in the first half of the current fiscal year with a 26 per cent growth in net profit, increase in business and decline in non-performing assets. During the first six months of FY25, the finance ministry also said that the credit and deposit portfolio …

ABB India Q2 Results: Net Profit Jumps 50% to Rs 443 Crore, Rs 10.66 A Share Dividend Declared
4 months, 2 weeks ago

ABB India Q2 Results: Net Profit Jumps 50% to Rs 443 Crore, Rs 10.66 A Share Dividend Declared

News 18  

ABB India Ltd on Thursday posted a 50 per cent rise in its consolidated profit after tax to Rs 443 crore for the June 2024 quarter. ABB India’s PAT had stood at Rs 296 crore in the second quarter of the previous financial year 2023-24. At the end of this quarter, ABB India had an order backlog of Rs 9,517 …

Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore
5 months ago

Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore

The Hindu  

Federal Bank Ltd. reported Q1 FY25 net profit rose 18.3% year-on-year to ₹1,009.53 crore. Net advances rose to ₹2,20,806.41 crore, from ₹1,83,487.41 crore in the year-earlier period. Gross NPA at the end of Q1 FY25 was ₹4738.35 crore, which as a percentage to Gross Advances was 2.11%, while net NPA and as a percentage to net advances was ₹1330.44 crore …

Federal Bank logs record high net income at Rs 1,010 crore, to raise Rs 6,000 crore
5 months ago

Federal Bank logs record high net income at Rs 1,010 crore, to raise Rs 6,000 crore

New Indian Express  

MUMBAI: The Kochi-based old generation private sector lender Federal Bank has reported the highest-ever quarterly net income at Rs 1,010 crore for the June quarter, logging in an 18.25 percent annualised growth, boosted by all-round performance in terms of asset generation as well as maintaining asset quality. The lender, which is getting a new chief executive in Krishnan Venkat Subramanian …

Jana SFB Q1 result: Net profit rises 89% to Rs 171 cr, NII up at Rs 610 cr
5 months ago

Jana SFB Q1 result: Net profit rises 89% to Rs 171 cr, NII up at Rs 610 cr

Business Standard  

The overall capital adequacy as of June 30 stood at 19.3 per cent against 18.7 per cent in the year-ago period.| Representative Image Jana Small Finance Bank on Monday reported an 89 per cent jump in its post-tax net profit to Rs 171 crore for the April-June quarter. Its gross non-performing assets ratio increased to 2.62 per cent in June …

Banks should improve corporate loans, keep deposit base healthy
7 months ago

Banks should improve corporate loans, keep deposit base healthy

New Indian Express  

For the first time ever, the cumulative net profits of Indian banks surpassed Rs 3 lakh crore in 2023-24, up from Rs 2.3 lakh crore in 2022-23. While the 26 private lenders’ net profits shot up 42 percent to Rs 1.78 lakh crore, the 12 public sector banks reported net profits of Rs 1.41 lakh crore in 2023-24, a 34 …

Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore
7 months, 2 weeks ago

Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore

Business Standard  

The board has recommended a dividend at Rs 7.60 per equity share of face value of Rs 2 each fully paid up for the 2023-24 subject to approval at the ensuing 28th Annual General Meeting. | Photo: Shutterstock State-owned Bank of Baroda on Friday posted a marginal 2.3 per cent rise in net profit at Rs 4,886 crore for the …

ICICI Bank reports 17 percent rise in Q4 net profit to ₹10,708 crore
7 months, 3 weeks ago

ICICI Bank reports 17 percent rise in Q4 net profit to ₹10,708 crore

Hindustan Times  

ICICI Bank on Saturday reported its net profit at ₹10,707 crore in the fourth quarter ending on March 31, Reuters reported. The core net interest income of the private lender increased 8.1 percent to ₹19,093 crore on a 16.8 percent growth in loans and a marginal compression in net interest margin to 4.40 percent. ICICI Bank on Saturday reported its …

Indian Bank Q3 standalone net rises 52% to ₹2,119 cr.
11 months ago

Indian Bank Q3 standalone net rises 52% to ₹2,119 cr.

The Hindu  

Indian Bank reported standalone net profit for the December quarter rose 52% from the year-earlier period to ₹2,119 crore due to growth in interest income. Net interest income increased 6% to ₹5,815 crore and fee based income by 21% to ₹852 crore. Gross advances of the bank increased by 13% ₹5,09,800 crore, while gross deposits rose 10% to ₹6,54,154 crore. …

IOB Q3 results: Profit jumps 30% to ₹723 crore on improvement in core income
11 months ago

IOB Q3 results: Profit jumps 30% to ₹723 crore on improvement in core income

Hindustan Times  

State-owned Indian Overseas Bank on Wednesday reported 30 per cent rise in net profit at ₹723 crore for December quarter 2023-24, on the back of improvement in core income and reduction in bad loans. On the asset quality front, the bank's gross Non-Performing Assets declined to 3.90 per cent of gross loans by the end of December 2023 from 8.19 …

IndusInd Bank Q2 profit up 22% to ₹2,202 cr
1 year, 2 months ago

IndusInd Bank Q2 profit up 22% to ₹2,202 cr

Hindustan Times  

IndusInd Bank on Wednesday posted 22 per cent rise in consolidated net profit at ₹2,202 crore for September quarter 2023-24, aided by decline in bad loans and a rise in interest income. Total income increased to ₹13,530 crore during the quarter under review, as against ₹10,719 crore in the same period last year, IndusInd Bank said in a regulatory filing. …

Bandhan Bank Q2 profit jumps over 3-fold to ₹721 cr
1 year, 2 months ago

Bandhan Bank Q2 profit jumps over 3-fold to ₹721 cr

Hindustan Times  

Bandhan Bank on Wednesday reported over three- fold jump in net profit at ₹721 crore for the second quarter ended September 30, 2023. Bandhan Bank The Kolkata-headquartered private sector lender had posted a profit of ₹209.30 crore for the same quarter a year ago. On the asset quality front, the lender reported deterioration as gross non-performing assets rose to 7.32 …

Bandhan Bank Q4 result: Net profit decline 57% to ₹808 cr, dividend declared
1 year, 7 months ago

Bandhan Bank Q4 result: Net profit decline 57% to ₹808 cr, dividend declared

Live Mint  

Private lender Bandhan Bank on Friday reported 57.5 per cent decline in net profit to ₹808.3 crore for the quarter ended March 2023. Meanwhile, its net interest income, which is the difference between interest earned and expended, down 2.7 per cent to Rs2,471.8 crore from ₹2,540.2 crore year-on-year. The total advances rose 10 per cent as of March end to …

Kerala-based CSB Bank posts 20% rise in Q4 net profit to Rs 156 crore
1 year, 7 months ago

Kerala-based CSB Bank posts 20% rise in Q4 net profit to Rs 156 crore

Business Standard  

Kerala-based private sector lender CSB Bank has posted a 20 per cent rise in net profit during the fourth quarter of 2022-23 to Rs 156 crore, as compared to Rs 131 crore during the same period the previous financial year, owing to rise in income and dip in bad loans. Its net interest income also increased by 15 per cent …

HDFC Bank Q4 Result: Net Profit Rises 20.6% To Rs 12,594 Crore; NII Jumps 23.7%; Rs 19 Dividend Declared
1 year, 8 months ago

HDFC Bank Q4 Result: Net Profit Rises 20.6% To Rs 12,594 Crore; NII Jumps 23.7%; Rs 19 Dividend Declared

News 18  

HDFC Bank, India’s largest private sector lender, on Saturday reported a 16.53 per cent jump in its standalone net profit to Rs 12,047 crore for January-March 2023. On a consolidated basis, the largest private sector bank’s net profit stood at Rs 12,594.47 crore, up 20.6 per cent over the quarter ended March 31, 2022, according to a BSE filing. HDFC …

Fairfax-backed bank posts strong performance since listing. Should you buy?
1 year, 11 months ago

Fairfax-backed bank posts strong performance since listing. Should you buy?

Live Mint  

Fairfax Financial-backed private banker, CSB Bank is said to have been reporting strong performance since its market debut in December 2019. In Q3FY23, as per the provisional data, CSB Bank's advances against gold & gold jewellery stood at ₹8,772.48 crore rising by a whopping 50.81% yoy. In its research report dated January 6, LKP Securities said, "CSB Bank has been …

Banks write off loans worth Rs 11.17 lakh crore in last 6 years
2 years ago

Banks write off loans worth Rs 11.17 lakh crore in last 6 years

Deccan Chronicle  

NEW DELHI: Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22, Parliament was informed on Tuesday. "As per RBI data, public sector banks and scheduled commercial banks wrote off an aggregate amount of Rs 8,16,421 crore and Rs 11,17,883 crore respectively during the last six financial years," …

Private banks post solid earnings in Q2 driven by margin expansion and a fall in bad loans
2 years, 1 month ago

Private banks post solid earnings in Q2 driven by margin expansion and a fall in bad loans

Live Mint  

Private sector banks delivered a strong performance in the September quarter as credit growth in the system remained strong. Robust Performance India's largest private sector lender, HDFC Bank, reported a 20.01% jump in its standalone net profit at Rs 10,605.78 crore for the September ending quarter compared to Rs 8,834.31 crore in the year-ago period on the back of low …

Kotak Bank’s profit up 26% YoY, see treasury loss of ₹857 crore
2 years, 5 months ago

Kotak Bank’s profit up 26% YoY, see treasury loss of ₹857 crore

Live Mint  

Kotak Mahindra Bank reported a 26% year-on-year jump in net profit, aided by higher credit and lower provisions. The private lender reported a net profit of ₹ ₹2,071.10 crore in the first quarter as against a net profit of ₹1,641.90 crore during the corresponding period last year. However, the bank’s net profit fell 25% on a sequential basis owing to …

Karnataka Bank posts all-time high profit of ₹507.99 crore
2 years, 6 months ago

Karnataka Bank posts all-time high profit of ₹507.99 crore

The Hindu  

Karnataka Bank has posted an all-time high annual consolidated net profit of ₹507.99 crore for 2021-22 as against the last year’s ₹482.46 crore. The net profit for the fourth quarter ending March 2022 was ₹130.20 crore as against the net profit of ₹31.36 crore for the corresponding fourth quarter of F.Y 2020-21, registering more than four times increase in the …

SBI Q4 results: Profit jumps 41%, bad loans decline
2 years, 7 months ago

SBI Q4 results: Profit jumps 41%, bad loans decline

India Today  

State Bank of India on Friday reported a 41 per cent surge in standalone net profit at Rs 9,114 crore for the fourth quarter ended March 2022, helped by decline in bad loans. On a consolidated basis, the bank reported a 56 per cent increase in net profit at Rs 9,549 crore, compared to Rs 6,126 crore in the fourth …

Kotak Mahindra Bank Q1 Results: Net Profit Rises 32% to Rs 1,641 Crore
3 years, 4 months ago

Kotak Mahindra Bank Q1 Results: Net Profit Rises 32% to Rs 1,641 Crore

News 18  

New Delhi: Private lender Kotak Mahindra Bank on Monday reported a nearly 32 per cent jump in its net profit to Rs 1,641.92 crore in the first quarter of 2021-22. The bank had posted a net profit of Rs 1,244.45 crore in the same quarter of the previous fiscal year. Total income during April-June 2021-22 rose to Rs 8,062.81 crore, …

Market Investors Show Interest in Bank of India After NPA Trim, Five-Fold Profits
3 years, 10 months ago

Market Investors Show Interest in Bank of India After NPA Trim, Five-Fold Profits

News 18  

State-owned Bank of India reported a more than five-fold jump in standalone net profit to Rs 540.72 crore for the quarter ended in December. The bank had registered a net profit of Rs 105.52 crore in the year-ago period. Speaking about slippages and gross NPAs, AK Das, MD and CEO at Bank of India told CNBC-TV18, “Proforma NPA as at …

Bandhan Bank Q2 Net Profit Falls By 5.3% To Rs 920 Crore
4 years, 1 month ago

Bandhan Bank Q2 Net Profit Falls By 5.3% To Rs 920 Crore

ABP News  

Private lender, Bandhan Bank on Monday, reported a 5.3% fall in its second-quarter net profit to Rs 920 crore compared to a net profit of Rs 971.8 crore in the year-ago period as the lender has taken accelerated additional provision on standard assets amounting to Rs 300.0 crore for COVID-19. On a sequential basis, net profit for the quarter increased …

ICICI Bank Quarter 2 Net Profit Rises Over 6-folds to Rs 4,251 Crore
4 years, 1 month ago

ICICI Bank Quarter 2 Net Profit Rises Over 6-folds to Rs 4,251 Crore

News 18  

ICICI Bank on Saturday reported an over six-fold jump in its standalone net profit at Rs 4,251 crore for the second quarter ended September 2020. Total income in July-September 2020 stood at Rs 23,650.77 crore, up from Rs 22,759.52 crore in the same period a year earlier, ICICI Bank said in a regulatory filing. On consolidated basis, the bank's net …

State-owned Indian Bank Q2 Net Profit Rises 15% to Rs 412 Crore
4 years, 2 months ago

State-owned Indian Bank Q2 Net Profit Rises 15% to Rs 412 Crore

News 18  

State-owned Indian Bank on Thursday reported a 15 per cent rise in net profit at Rs 412.28 crore for the second quarter ended September, despite increase in provisions for bad loans. Indian Bank’s total income rose to Rs 11,669.11 crore during September quarter this year from Rs 6,045.32 crore in the same period of the previous fiscal, it said in …

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