Allahabad Bank Q2 net rises 8 pc to Rs 70 cr

Bank of India Q2 profit rises, beats estimates

Total income of the company, however, stood at Rs 192.75 crore for the quarter under consideration.

SBI on Friday posted a 37 per cent fall in standalone net profit for the second quarter ending September at Rs 1,581 crore pulled down by higher provisioning for its bad loans.

In absolute terms, its gross NPAs rose to Rs 186,114.60 crore, from Rs 105,782.96 crore at the second quarter of the previous fiscal.

During the quarter, gross NPAs rose to 14.10 per cent of gross advances, up from 12.28 per cent a year earlier. "We should be in a position to weather any storm in the future", he added. Non-interest income, comprising treasury revenues, fees and commissions, grew by 58 per cent to Rs 16,016 crore.

The lenders Net Interest Income (NII) - the core income a bank earns by giving loans - increased 27.3 percent to Rs 18,585.90 crore versus Rs 14,600.16 crore previous year. The year-ago numbers have also been restated after the merger.Its second-quarter profit was also helped by a stake sale in SBI Life Insurance, which listed last month. The fee income was up by 6 per cent from Rs 5,054 crore. PCR stood at 58.57 per cent at the end of September 2017.

Olympic medalist Aly Raisman claims she was sexually abused by team doctor
In the Sunday show 60 Minutes , which was broadcast on Friday, Aly Raisman said that he had undergone the first "treatment" of Dr. Part of Stark's mandate is educating members on rules, educational programs, reporting and adjudication services.

Capital adequacy ratio of the bank improved to 54.33 per cent in the quarter from 47.60 per cent in the same quarter a year ago, it said.

Gross NPAs' ratio fell to 9.83 per cent from 9.97 per cent in the last quarter, while the net bad loan ratio decreased relative to the previous quarter to 5.43 per cent from 5.97 per cent.

Speaking to media, he said the watchlist at the end of September quarter was down to Rs 21,000 crore from Rs 24,000 crore as of the June quarter. The sluggish loan growth was due to the corporates loan book shrinking. The bank would fovus on small and micro industries, agriculture and retail.

Deposits grew by 10 per cent to Rs 26,23,180 crore as of September 2017. In an analyst call, Kumar said, "I don't understand you analysts".

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