Private banks stay in profit, PSBs return to losses
5 years, 1 month ago

Private banks stay in profit, PSBs return to losses

Deccan Chronicle  

Mumbai: Banks reported better-than-expected earnings for the September quarter, with many showing an improvement in operational performance and marginal deterioration in asset quality. While the asset quality of the public sector banks showed improvement, they recorded a net loss during Q2FY20 after having recorded a net profit in the first quarter of FY20. The net profit of the private banks decl-ined 1.7 per cent sequentially in Q2FY20 and stood at Rs 7,076 crore against a contraction of -33 per cent recorded in Q2FY19. The gross non-performing assets of PSBs contracted by -10 per cent sequentially and stood at Rs 727,296 crore for Q2FY20 as compared with Rs 807,937 crore in Q2FY19. Both the PSBs and PVBs recorded a steady rise in their net interest income at 12.9 per cent and 20.4 percent, respectively, during the September 2019 quarter.

Bank Crore Cent Quarter Banks Private Recorded Net Profit Private Banks Gnpa Psbs Q2Fy20  cent  banks  q2fy20  stay  bank  net  profit  private  losses  rs  crore  return  recorded  quarter  psbs

History of this topic

Indian Bank Q3 update: Total business up 8.3% at ₹12.6 lakh crore, total deposit surges 7.3%
1 week, 4 days ago

Indian Bank Q3 update: Total business up 8.3% at ₹12.6 lakh crore, total deposit surges 7.3%

Live Mint  

Indian Bank, on January 5, reported 8.3 per cent year-on-year rise in its total business for the quarter ending on December 31, 2024. The Chennai-based public sector bank's total business stood at ₹12.61 lakh crore for the same quarter, as compared to ₹11.64 lakh crore same period a year ago, according to the exchange filing. Indian public sector bank's gross …

PSU bank stocks extend dominance over private lenders in 2024, record 4 consecutive years of gains
1 week, 6 days ago

PSU bank stocks extend dominance over private lenders in 2024, record 4 consecutive years of gains

Live Mint  

Shares of public sector banks delivered a strong performance in 2024, extending their winning streak to the fourth consecutive year, while private sector banks remained muted during this period, ending the year with mild losses and halting a three-year winning run. Beyond stock returns, public sector banks also outperformed private sector banks in the September quarter earnings. In addition, non-banking …

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern
2 weeks, 6 days ago

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern

Live Mint  

New Delhi, Dec 27 Low NPAs and double-digit credit growth are expected to drive profits of public sector banks past the ₹1.5 lakh crore milestone in 2024-25. Public lenders recorded their highest-ever aggregate net profit of ₹1.41 lakh crore in 2023-24 on the back of significant improvement in asset quality, credit growth, healthy capital adequacy ratio and rising return on …

Indian banks’ profitability improves for six straight years, NPAs decline to 13-year low: RBI report
3 weeks ago

Indian banks’ profitability improves for six straight years, NPAs decline to 13-year low: RBI report

Live Mint  

The profitability of banks improved for the sixth consecutive year in 2023-24 and their gross bad debts or non-performing assets declined to a 13-year low of 2.7 per cent. "Banks’ profitability rose for the sixth consecutive year in 2023-24 and continued to rise in H1:2024-25 with the return on assets at 1.4 per cent and return on equity at 14.6 …

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports
1 month ago

India: Gross NPAs of PSBs at ₹3.16L Cr, Govt Reports

Deccan Chronicle  

New Delhi: The gross non-performing assets of public sector banks stood at Rs 3.16 lakh crore as of September 30, which is 3.09 per cent of the outstanding loans, while gross NPAs as percentage of outstanding loan is 1.86 per cent in private sector banks, the government said on Tuesday. Informing to the Parliament, minister of state for finance Pankaj …

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

Public sector banks grew 11% in first half of FY25, finance ministry data shows
2 months ago

Public sector banks grew 11% in first half of FY25, finance ministry data shows

Live Mint  

Public-sector banks have maintained their strong performance, reporting 11% on-year growth in aggregate business at ₹236.04 trillion in the first half of FY25, the finance ministry said in a statement on Tuesday. 133.75 trillion, respectively, in the first half of the financial year, the ministry said. Banking reforms The finance ministry attributed the improved performance to banking reforms such as …

Q2FY25 results review: PNB, BoB to Canara Bank — Profit of PSBs jumps 35.4% to ₹45,550 crore
2 months ago

Q2FY25 results review: PNB, BoB to Canara Bank — Profit of PSBs jumps 35.4% to ₹45,550 crore

Live Mint  

Indian public sector banks delivered a robust performance in the September quarter, surpassing their private-sector peers. UCO Bank reported a 50 per cent YoY jump in net profit to ₹603 crore, alongside reductions in gross NPAs to 3.18 per cent and net NPAs to 0.73 per cent. Additionally, Union Bank of India reported a 34 per cent rise in net …

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25
2 months, 2 weeks ago

Canara Bank Reports 11.31% Net Profit Growth in Q2 FY25

The Hindu  

Canara Bank reports a strong Q2 performance with a 11.31% increase in net profit to ₹4,014 crore. The bank's net interest income also saw a significant rise, reaching ₹9,315 crore, compared to ₹8,903 crore in the corresponding quarter last year. The bank's NPAs have been reduced significantly, with the MSME sector NPA ratio dropping to 7.1% in Q2, down from …

Stocks to Watch: ICICI Bank, Yes Bank, Coal India, Inox Wind, Lodha, REC, and more
2 months, 2 weeks ago

Stocks to Watch: ICICI Bank, Yes Bank, Coal India, Inox Wind, Lodha, REC, and more

Live Mint  

The Indian stock market saw a mixed performance in the second quarter of 2023, with several major companies reporting strong financial results. ICICI Bank, Yes Bank, and REC reported significant increases in their net profits, while Coal India and Bharat Petroleum saw a decline in their profit margins. Inox Wind and DLF reported significant profit gains, while Bank of Baroda …

Q2 Results, Maharashtra Candidates, Israel-Iran Conflict, New Zealand Dominates India
2 months, 3 weeks ago

Q2 Results, Maharashtra Candidates, Israel-Iran Conflict, New Zealand Dominates India

Live Mint  

Several leading companies released their second quarter results on Saturday, with some seeing significant improvements. The Indian stock market remained largely unchanged, with the BSE Sensex down 0.2%. Meanwhile, political parties in Maharashtra shared their candidate lists for the upcoming Assembly polls, with the BJP and the NCP both releasing 22 candidates each.

BoB Q2 Results: A Strong Performance with Significant Growth
2 months, 3 weeks ago

BoB Q2 Results: A Strong Performance with Significant Growth

Live Mint  

Bank of Baroda reports a strong Q2 result, with a 23.2% increase in standalone net profit and a 7.3% YoY growth in NII. The bank's operating income and profit margins are also impressive, with a 12% YoY rise in operating income and a 18.2% YoY increase in operating profit. The bank's net and gross NPAs have also improved significantly, indicating …

Axis Bank Q2 Results: A Strong Performance Despite Market Challenges
2 months, 4 weeks ago

Axis Bank Q2 Results: A Strong Performance Despite Market Challenges

Live Mint  

Axis Bank reports a strong Q2FY25 performance, with a 18% rise in standalone net profit to ₹6,917.57 crore. The bank's net interest income (NII) rose 10% YoY, while the net interest margin (NIM) shrunk by four per cent. Despite the decline in NIM, the bank's margin excluding the one-time tax gain remained broadly maintained. The bank's net loans grew by …

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details
4 months ago

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details

News 18  

HDFC Bank, India’s largest private sector lender, on Monday said it will announce its second-quarter results for the current financial year 2024-25 on October 19. In a BSE filing, the company said its board of directors will meet on October 19, 2024, “to inter-alia consider and approve the un-audited standalone and consolidated financial results for the quarter/half-year ending September 30, …

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore
5 months, 2 weeks ago

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore

The Hindu  

ICICI Bank Ltd. reported Q1 FY25 net profit grew 14.6% year-on-year to ₹11,059 crorebeating estimates led by treasury gains and other income. Net interest income of the private sector bank for June quarter rose 7.3% YoY to ₹19,553 crore, the bank said in a filing. “We are comfortable with the asset quality andour strategy is to grow in a risk …

Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore
5 months, 3 weeks 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, 3 weeks 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 …

HDFC Bank logs 35% increase in net profit
5 months, 3 weeks ago

HDFC Bank logs 35% increase in net profit

New Indian Express  

NEW DELHI: Returning to its once famed over 30% net income for as many as 34 quarters on the trot which ended with the pandemic era, the second-largest lender logged in a robust 35.33% jump in net profit at Rs 16,174.75 crore for the June quarter even though the numbers are not comparable since the merger with its parent took …

PSU banks count on new coalition government for more lucrative PLI for employees
7 months, 1 week ago

PSU banks count on new coalition government for more lucrative PLI for employees

Hindustan Times  

PSU banks are hopeful of a more lucrative performance-linked incentive for employees as a new coalition government takes charge, the Economic Times reported. “Some of the parameters governing the PLI, like the final settlement, should not be only based on operating profit, but take into account performance on other financial parameters,” another bank executive told the Economic Times. "While banks …

Banks should improve corporate loans, keep deposit base healthy
7 months, 3 weeks 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 …

Paytm Q4 results: Loss widens to Rs 549.60 cr, revenue falls 2.6%
7 months, 3 weeks ago

Paytm Q4 results: Loss widens to Rs 549.60 cr, revenue falls 2.6%

Business Standard  

Digital payments firm Paytm on Wednesday reported a wider consolidated loss of Rs 549.6 crore in the fourth quarter of 2023-24, compared to Rs 168.4 crore in the same quarter last year. Net income declined by 2.6 per cent year-on-year to Rs 2,398.8 crore in Q4FY24 compared to Rs 2,464.6 crore in Q4FY23. Overall revenue for the entire FY24 rose …

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

Yes Bank Q3 net profit surges to Rs 231 crore, NII soars to Rs 2,017 crore
11 months, 2 weeks ago

Yes Bank Q3 net profit surges to Rs 231 crore, NII soars to Rs 2,017 crore

India TV News  

Yes Bank reported a net profit of Rs 231 crore for the October-December quarter of 2023-24, 349.70 per cent higher Rs 52 crore figure in the same period the previous year, which was significantly impacted by provisions made for the transfer of sour loans to an asset reconstruction company. In the preceding September quarter, Yes Bank's net profit stood at …

Union Bank Q2 results: PSU bank’s net profit swells 90% YoY to ₹3,511 crore
1 year, 2 months ago

Union Bank Q2 results: PSU bank’s net profit swells 90% YoY to ₹3,511 crore

Live Mint  

Union Bank of India Q2 results: The government lender reported a whopping 90% rise in its net standalone profit to ₹3,511 crore in the September quarter of Financial year 2023-24. Union Bank of India's net NPA reduced to 1.30% in the quarter under review from 2.64% in the year-ago period. More than 3.51 lakh new enrollments were made by the …

Canara Bank shares soar 8% to 52-week high on impressive Q2 numbers
1 year, 2 months ago

Canara Bank shares soar 8% to 52-week high on impressive Q2 numbers

Live Mint  

Canara Bank shares exhibited an upward trend for the second straight day, surging by almost 8% to record a new 52-week high of ₹387.80 apiece. The state-owned bank reported its highest-ever quarterly net profit of ₹3,606 crore in Q2 FY24, a jump of 42.81% compared to the net profit of ₹2,525 crore reported in the same period last year. The …

PNB Q2 net profit jumps 327% to ₹1,756 crore; NII rises 20% YoY
1 year, 2 months ago

PNB Q2 net profit jumps 327% to ₹1,756 crore; NII rises 20% YoY

Live Mint  

PNB Q2 Results: Punjab National Bank, the state-run lender, reported a sharp jump of 327% in its net profit for the second quarter of FY24 led by lower provisions. PNB’s net profit in Q2FY24 surged to ₹1,756 crore from ₹411.3 crore in the same quarter last year. PNB’s net interest income during the July-September 2023 quarter rose 20% to ₹9,923 …

PNB Housing Finance Q2 Results: Net profit rises 45% to ₹383 cr, revenue up 5%
1 year, 2 months ago

PNB Housing Finance Q2 Results: Net profit rises 45% to ₹383 cr, revenue up 5%

Live Mint  

PNB Housing Finance Q2 Results: Punjab National Bank Housing Finance announced its July-September quarter results for fiscal 2023-24 on Monday, October 24, reporting a rise of 45.9 per cent in net profit at ₹383 crore, compared to ₹262.6 crore in the corresponding period last year. The revenue from operations in the second quarter of current fiscal stood at ₹1,777.8 crore, …

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 Q2 net profit up 245% YoY to ₹721 crore
1 year, 2 months ago

Bandhan Bank Q2 net profit up 245% YoY to ₹721 crore

Live Mint  

Bandhan Bank for the quarter ending September'2023 saw its net profit rise 245% YoY to ₹721 crore compared to ₹209 Crore in the year ago quarter. Bandhan Bank's Net Interest Income improved to ₹2,443 crore in Q2 FY24 from ₹2,193 crore in Q2 FY23. Bandhan Bank Net NPA stood at around ₹2360 Crore at the end of Q2FY24 compared to …

IndusInd Bank Q2 results preview: Stable margin, healthy growth in revenue
1 year, 2 months ago

IndusInd Bank Q2 results preview: Stable margin, healthy growth in revenue

Live Mint  

IndusInd Bank is likely to announce healthy Q2FY24 earnings with stable margin and asset quality and a healthy year-on-year growth in revenue and profit after tax numbers. In the first quarter of the current financial year, IndusInd Bank reported a standalone net profit of ₹2,123.6 crore, registering a growth of 32.5 per cent from ₹1,603.29 crore in the same quarter …

Federal Bank Q2 results: Profit jumps 35.5% as provisions fall
1 year, 3 months ago

Federal Bank Q2 results: Profit jumps 35.5% as provisions fall

Live Mint  

Mumbai: Private sector lender Federal Bank on Monday reported a 35.5% year-on-year jump in net profit at ₹954 crore in the September quarter owing to lower provisions. “The environment continues to be reasonably encouraging.” Federal Bank’s asset quality improved as its gross bad loans as a percentage of gross advances stood at 2.26%, down from 2.38% in the June quarter …

PB Fintech Q1 Results: Net loss narrows 94% YoY to ₹11.9 crore, revenue up 39%
1 year, 5 months ago

PB Fintech Q1 Results: Net loss narrows 94% YoY to ₹11.9 crore, revenue up 39%

Live Mint  

PB Fintech released their April to June quarter results on Monday and posted a net consolidated loss of ₹11.9 crore which was 94% lower year-on-year from net loss of ₹204 crore reported during the corresponding quarter previous fiscal. The total revenue of the company jumped 39% YoY, while the operating revenue jumped 32% to ₹666 crore during the Q1FY24 from …

Profit of PSU banks more than doubles to Rs 34,774 cr in Q1
1 year, 5 months ago

Profit of PSU banks more than doubles to Rs 34,774 cr in Q1

India TV News  

Public sector banks have once again posted stellar performance by registering more than double profit of Rs 34,774 crore for the first quarter ended June 2023. SBI's highest-ever quarterly profit of Rs 16,884 crore is about 50 per cent of the total profit earned by PSBs. During FY23 too, SBI's contribution was about 50 per cent, when the cumulative profit …

BoB Q1FY24 results: Net profit jumps 87.7% YoY, NPA dips over 40%
1 year, 5 months ago

BoB Q1FY24 results: Net profit jumps 87.7% YoY, NPA dips over 40%

Live Mint  

Bank of Baroda Q1 results 2023-24: State-owned bank, Bank of Baroda has declared its Q1FY24 results today. Sharing its first quarter results for the current financial year, the PSU bank reported 87.72 per cent YoY jump in net profit during April to June 2023 quarter. Bank of Baroda Q1FY24 net profit In Q1FY24, the PSU bank reported a net profit …

Cleaning up of NPA mess will propel the economy
1 year, 5 months ago

Cleaning up of NPA mess will propel the economy

Hindustan Times  

To understand the complexities of India’s banking sector, one needs to grapple with a term that tends to recur with unsettling regularity – non-performing assets. The gross NPA ratio of scheduled commercial banks stood at 4.9%, and ₹66.6 lakh crore in March 2014 were bad loans. The National Democratic Alliance government took several steps to address the NPA problem, including …

ICICI Bank Q1: Net profit rises 40% to ₹9,648 crore on improved asset quality
1 year, 5 months ago

ICICI Bank Q1: Net profit rises 40% to ₹9,648 crore on improved asset quality

Live Mint  

ICICI Bank Q1 Results: ICICI Bank announced its April-June quarter results for fiscal 2023-24 on July 22, reporting a rise of 39.7 per cent in net profit at ₹9,648 crore on a standalone basis, compared to ₹6,905 crore in the corresponding period last year. Asset Quality The bank's asset quality improved as the gross non-performing assets during the June quarter …

Bank of Maharashtra Q1 net profit jumps 95% to ₹882 crore; NII rises 39% YoY
1 year, 5 months ago

Bank of Maharashtra Q1 net profit jumps 95% to ₹882 crore; NII rises 39% YoY

Live Mint  

Bank of Maharashtra, the state-run lender, reported a standalone net profit of ₹882.08 crore in the first quarter of FY24, recording a sharp growth of 95.2% from ₹451.90 crore in the corresponding quarter of last fiscal. Net Interest Income, which is the difference between interest earned and interest expended, during Q1FY24 rose 38.8% to ₹2,339.7 crore from ₹1,685.7 crore, YoY. …

Net profit of PSBs almost tripled to ₹1.04 lakh in FY2022-23: FM Sitharaman
1 year, 6 months ago

Net profit of PSBs almost tripled to ₹1.04 lakh in FY2022-23: FM Sitharaman

Live Mint  

Finance Minister Nirmala Sitharaman on Saturday appreciates the state-run banks for becoming profiteering. According to the union Finance Minister, the net profit of public sector banks has almost tripled to ₹1.04 lakh crore in fiscal 2022-23. "The Non-Performing Assets of the Indian banks is estimated to reduce further to a decadal low of 3.8% by end of FY 2023-24," Sitharaman …

Nirmala Sitharaman praises PSBs, says 'profit tripled to Rs 1.04 lakh in nine years'
1 year, 6 months ago

Nirmala Sitharaman praises PSBs, says 'profit tripled to Rs 1.04 lakh in nine years'

India TV News  

Finance Minister Nirmala Sitharaman stated on Saturday that the profit of public sector banks has tripled to Rs 1.04 lakh crore over the past nine years as a result of government initiatives. Public sector banks net profit nearly tripled from Rs 36,270 crore in FY2014 to Rs 1.04 lakh crore in FY23. They should follow best corporate governance practices, adhere …

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, 8 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 …

CSB Bank net profit rises 19% to Rs 156 crore as bad loans decline
1 year, 8 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 …

Yes Bank Q4FY23 results: Net profit dips 45% despite 25% rise in total income
1 year, 8 months ago

Yes Bank Q4FY23 results: Net profit dips 45% despite 25% rise in total income

Live Mint  

Yes Bank has announced its Q4FY23 results on Saturday reporting dip in net profit from 367.46 crore to ₹202.43 crore in Q4FY23, logging near 45 per cent decline in year-on-year basis. However, on quarter-to-quarter basis, Yes Bank reported around 293 per cent rise against Q3FY23 net profit of ₹51.52 crore. In FY23, Yes Bank posted 19.46 per cent rise in …

HDFC Bank Q4 Result: Net Profit Rises 20.6% To Rs 12,594 Crore; NII Jumps 23.7%; Rs 19 Dividend Declared
1 year, 9 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 …

Banks net interest income rises 25.5% in Q3; Bank of Maharashtra outruns PSBs
1 year, 10 months ago

Banks net interest income rises 25.5% in Q3; Bank of Maharashtra outruns PSBs

Live Mint  

Pune-based Bank of Maharashtra surpassed other public sector lenders in terms of loan growth percentage for the third quarter of FY23. As per an analysis of the latest financial results of public sector banks showed, which PTI cited, BoM bank has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19 pressures. …

State-Owned Banks Write Off Rs 29,000-Crore Bad Loans In December 2022 Quarter: Report
1 year, 11 months ago

State-Owned Banks Write Off Rs 29,000-Crore Bad Loans In December 2022 Quarter: Report

News 18  

State-owned banks wrote off bad loans worth Rs 29,000 crore in the December 2022 quarter, higher as compared with Rs 23,000 crore in the corresponding quarter last year, as part of a clean-up exercise, according to a CARE Ratings report. The write-offs by public sector banks in April-December 2022 were Rs 81,000 crore, which were lower than the Rs 90,000 …

Bandhan Bank sees sharp decline in Q3 net profit; NII down 2% on-year
1 year, 11 months ago

Bandhan Bank sees sharp decline in Q3 net profit; NII down 2% on-year

Live Mint  

Private lender Bandhan Bank has reported a muted third quarter with net profit at ₹290.6 crore, down 66% on-year, owing to a decline in net interest income and higher provisioning. The net interest income fell 2% during the third quarter to ₹2,080.4 crore as against ₹2,124.7 crore in the same quarter last year. Non-interest income grew by 45% to ₹1,033.3 …

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 …

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