Kotak Mahindra Bank Q3 profit rises 23% to Rs 1,291 crore on higher net interest income; gross NPAs decline to 2.07%
Kotak Mahindra Bank had posted a standalone net profit of Rs 1,053 crore in the October-December quarter of the last fiscal
Bank of Baroda posts 19.7% increase in Q2 profit at Rs 425.4 crore; total income stands at Rs 13,429.95 crore
Bank of Baroda had posted a profit of Rs 355.36 crore in July-September quarter of 2017-18
Core net interest income rose 17 percent to Rs 2,246 crore
Following the latest rate cut from the RBI by a higher-than-expected 50 bps, banks have begun cutting their base rates in the last two days.
Reflecting deterioration in economic activities, net non-performing assets (NPA) of all banks have increased to 1.68 percent of the total loan at the end of 2012-13, according to the Reserve Bank of India.
The FM is consistently on the wrong track on interest rates by privileging borrowers over savers. To prove otherwise, he should offer investors inflation-linked bonds
State Bank of India today said the increase in non-performing assets of the bank in the SME sector was a concern but maintained that it will meet its net interest margin(NIM) target of 3.75 percent for the full year.
The results were largely in line with expectations, with the bank's shares, up about 2 percent at Rs 487.40 before the announcement, stayed at those levels after the results were released.
New chairman of SBI, Pratip Chaudhuri is clear that the bad loan book must be fixed quickly. On the other hand, private banks are sitting pretty where cash registers are ringing louder.