Oriental Bank of Commerce (OBC) Q1 result, reports net profit
Oriental Bank of Commerce (OBC) posted a net profitof Rs 112.7 crore. The company had posted a loss of Rs 393.2 crore in the year ago period. Bank has posted a profit due to the better asset quality and less provisions
Canara Bank wednesday reports its net profit in the June quarter rose 17% year-on-year because of lower provision and improved asset quality. The bank posted a net profit of ₹329.07 crore for the three months ended 30 June compared
United Bank of India on Tuesday reported a net profit of Rs 105 crore for the June quarter on the back of a rise in core income and fall in non-performing assets. The Kolkata-headquartered lender had registered a net loss of Rs 388.68 crore during the April-June quarter of the previous fiscal year.
State-owned Indian Overseas Bank (IOB) on Tuesday reported narrowing of its net losses to Rs 342.08 crore in the first quarter ended June 30. Reduction in net loss was mainly due to lower provisioning and improved recovery, IOB said.
State-run Syndicate Bank on Wednesday reported narrowing down of its net loss to Rs 980.46 crore in the quarter ended June 2019 due to a fall in provisioning for bad assets. The bank had posted a net loss of Rs 1,281.77 crore in the same April-June..[revious year
Bank of Baroda on Thursday said its first quarter net profit rose 34% on the back of higher net interest income and other income. The state-owned lender posted a net profit ₹710 crore for the quarter ended 30 June compared to ₹528 cr of previous year
Punjab National bank (PNB) on Friday reported a profit of Rs 1,018.63 crore for the quarter ended June 30, 2019 against lossof Rs 940 crore registered in the corresponding quarter of the previous fiscal.
Publiic Sector lender Bank of Maharashtra monday reported a profit of Rs 89 crore in Q1FY20 on account of a tax write-back. Higher NII, other income and operating income also supported profitability.
The bank had posted a loss of Rs 1,108 crore in the corresponding period last fiscal.
Bandhan Bank Q1 profit rises 45.5%, beats estimates
Private sector lender Bandhan Bank on Friday reported a 45.55% year-on-year rise in net profit at Rs.701.14 crore for the quarter ended 30 June, on the back of higher net interest income and other income.
Privatete sector lender IDFC First Bank reported a net loss of ₹617.35 crore in the quarter ended June 30, 2019 as against a net profit of ₹181 crore a year ago.
“This was primarily due to additional provisioning for two identified stressed Corporate Loans to a Housing Finance Company and a Financial Services company (recently downgraded by credit rating agencies), taking the provision coverage on these accounts to 75 per cent,” the lender said in a release late on Wednesday evening, adding that the provisions on these accounts is adequate and it does not expect to take any more provisions on this account in the near future.
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