OBC SBI ANB AND BOB GOES TO PROFIT WHERE AS UCO GOES HUGE LOSS

UCO Bank reported a net loss of Rs 384.83 crore for the quarter ended September 30, 2016, on account of higher provisions for bad loans.

The Bank had registered a net profit of Rs 156.2 crore in the July-September period of previous fiscal 2015-16.

Total income of the bank decreased by 6.90 percent to Rs 4,941.41 crore during the quarter under review, from Rs 5,308.08 crore over the same period of 2014-15.

For quarter under review, UCO Bank's provision for bad loans and contingencies jumped by 62.96 percent to Rs 1,488.34 crore as against Rs 913.27 crore a year ago.

Asset quality slipped further during the period with gross non-performing assets (NPAs) rising to 16.51 percent of gross advances as of September 2015, up from 8.51 percent a year ago.

Net NPAs or bad loans too increased to 8.83 percent during the second quarter, up from 5.15 percent a year ago.

Increased provisioning for bad loans pulled down net profit of public sector Andhra Bank by 80 per cent to Rs 51.42 crore for the quarter ended September 30.

Andhra Bank had a net profit of Rs 251.26 crore in the same quarter of previous fiscal.

Provisioning for bad loans increased to Rs 956.81 crore, up 82 per cent from Rs 524.86 crore in the second quarter of the last fiscal, Andhra Bank said in a BSE filing.

Gross non-performing assets (NPAs) jumped to 11.49 per cent at the end of September 2016, from 5.71 per cent in the corresponding month last fiscal.

Net NPA rose to 6.99 per cent at the end of September 2016, from 2.95 per cent at the end of September 2015.

Total income increased to Rs 5,042 crore at the end of second quarter from Rs 4,744 crore at the end of same period last year.

tate-owned Bank of Baroda (BoB) today posted four-fold rise in net profit at Rs 552.1 crore for the quarter ended on September 30, 2016, despite increase in bad loans.

The bank had reported a net profit of Rs 124.4 crore during the same period last fiscal.

Total income of the bank decreased to Rs 12,046.6 crore during the quarter, from Rs 12,300.4 crore in the year-ago period, BoB said in a statement.

During the quarter, gross non-performing assets (NPAs) more than doubled to 11.35 per cent as against 5.56 per cent in the same period of previous fiscal.

Net NPAs too moved up significantly to 5.46 per cent from 3.08 per cent in the year-ago period.

Provisions (other than tax) and contingencies decreased to Rs 1,795.84 crore from Rs 1,891.70 crore a year ago.

Provisions for non-performing assets (NPAs) or bad loans also declined to Rs 1,630.45 crore during the quarter under review, as against Rs 1,843.80 crore in the same period of last financial year.

SBI Q2 net down 35% at Rs 2538 cr, asset quality worsens

State Bank of India has posted net profit at Rs 2538 crore in July-September, down 34.6 percent from Rs 3879 crore in corresponding quarter last fiscal. During the quarter, its net interest income (NII) climbed marginally by 1.3 percent at Rs 14437 crore against Rs 14,253 crore in year-ago period.

The company's gross non-performing asset (NPA) was at 7.14 percent versus 6.94 percent and net NPA was at 4.19 percent versus 4.05 percent on sequential basis.

Country's largest lender State Bank of India (SBI) is likely to show a 30.5 percent degrowth in second quarter profit Rs 2,697 crore compared with year-ago period.

According to average of estimates of analysts polled by CNBC-TV18, net interest income is seen rising 3 percent to Rs 14,683.8 crore on yearly basis.

Today Bank's Board has approved the Audited Financial Results for the Quarter/Half Year ended 30th September, 2016- Deposit - 201538 Cr.
Advance- 148666 Cr.
Total Business- 350204Cr.
CASA- 26.47%
RAM Credit- 68161 Cr.
Operating Profit- 955.84 Cr. Q2 & 1872.93 Cr. H1
Net Profit- 153.27 Cr.Q2
253.96 Cr. H1
NII- 1315.63 Cr. Q2
2520.22 Cr. H1
NIM- 2.66 % Q2 2.51 % H1
ROA- 0.26 %
Gross NPA- 12.36 % 18382.53 Cr.
Net NPA- 8.93 % 12748.16 Cr.
CRAR- 13.36 %
PCR- 48.47 %
Business per Employee- 15.94 Cr.
Business per Branch- 148.96 Cr.