Saturday, February 13, 2016

Bank stocks plunge, in RED

Bank of Baroda reports Rs 3,342 crore loss in Dec quarter

Net loss for the quarter was at Rs3,342 crore compared to a net profit of Rs334 crore in the same quarter last year

IDBI Bank posts Rs 2,183.68 crore loss in Q3

The bank reported a loss, largest by any bank in the quarter so far, owing to rising provisions for bad loans and lower other income


SBI’s profit drop amplifies bank gloom

Profit declines worse-than-expected 62%, gross NPAs rise 28%; there may be more pain to come, warns SBI chief Arundhati Bhattacharya

PSU bank profits plunge amid loan clean-up

Punjab National Bank’s profit plummets 93%; Central Bank of India, Dena Bank, Allahabad Bank post losses

Bumpy road ahead for Axis Bank

Shares of Axis Bank have slumped 40.2% after they touched an all-time high in March last year, underperforming the banking index

Canara Bank: Bank Reports 87 Percent Net Profit Loss in 3rd Quarter Earnings

The bank said Friday that its net profit fell 87 percent to Rs 85 crore in the third quarter, compared to last year's Rs 656 crore. Multiple outlets reported the loss was due to the bank's bad loans.

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