bad loans

 

BoI to be out of RBI watch list soon as recovery picks up: MD

Jan 12 2018

BoI has put in place an aggressive bad loan recovery strategy and hopes to be out of the RBI's watch list soon, the state-run lender's MD Dinabandhu Mohapatra said.

Financial bids for all 12 large NPA accounts by month-end: SBI

Jan 10 2018

SBI expects financial bidding process for resolution of 12 big stressed accounts to be over by the end of this month, said the bank's top official.

South Indian Bank Q3 net rises 3 percent to Rs 115 crore

Jan 09 2018

South Indian Bank posted a 3.25 per cent increase in net profit at Rs 115 crore for the third quarter ended December 2017.

Positive impact of growth measures to be seen in long term: FM

Jan 04 2018

Finance Minister Arun Jaitley assured that the positive impact of the economic measures being taken by the government would be seen in medium to long term.

Higher NPA provisioning to impact banks in 2018/19: Moody's

Jan 04 2018

Moody's said the govt's Rs 2.11 lakh cr capital infusion in PSU banks would narrow the gap between the capital profiles of public and private sector banks.

Arun Jaitley introduces bill to amend IBC in Lok Sabha

Dec 28 2017

Jaitley introduced a bill in LS to bar wilful defaulters as well as those with NPA accounts from bidding in auctions to recover bad loans through insolvency proceedings.

Sebi defers norms for loan default disclosure by listed firms

Dec 28 2017

Markets regulator Sebi decided to hold further discussions on its proposed norms mandating listed companies to make immediate disclosure about their loan defaults.

NPAs: RBI blames i-bankers for faulty project/loan apprisals

Dec 22 2017

RBI has blamed conflicts of interest among merchant bankers as one of the prime reasons for faulty project appraisals that has led to the huge NPAs pile up.

RBI announces additional actions under PCA for UBI

Dec 20 2017

The RBI has initiated additional actions under the Prompt Corrective Action framework for United Bank of India in view of the high net NPA.

Massive NPA under-reporting: RBI says no rules changed

Dec 06 2017

The central bank clarified it has not changed any rules and attributed the 'divergences' to the wrong application of the rules by the banks.

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Stocks In News

 

ADANI TRANSMISSION Q3

Net Sales at Rs 1540 Cr Vs Rs 508 Cr, up 3x

Total Income at Rs 1,808 Cr vs Rs 734 Cr, 2.5x

EBITDA at Rs 1462 Cr Vs Rs 475 Cr, up 3x

EBITDA margins at Rs 95% vs 93.5%

PAT Rs 842 Cr vs Rs 99.3 Cr, up 8x

All results are Consol & comparable YoY

DCB BANK Q3 REVIEW

PAT at Rs 57 Cr vs 51 Cr up 11.8%

NII at Rs 250 Cr vs 209 Cr up 19.6%

Non-Interest Income at Rs 75 Cr vs 64 Cr, up 17.2%

Operating Profit at Rs 123 Cr vs 109 Cr, up 12.8%

Net Interest Margin at 4.12% vs 3.95% YoY

All results are comparable YoY

TATA SPONGE Q3 REVIEW

Net Sales up 36% at Rs 214.5 Cr Vs Rs 157.6 Cr

EBITDA up 3.1x at Rs 59.8 Cr Vs Rs 19.4 Cr

EBITDA Margin at 27.9% V 12.3%

Net Profit up 3.3x at Rs 36 Cr Vs Rs 11 Cr

Other Income up 36% at Rs 11.7 Cr Vs Rs 8.6 Cr

All figures are standalone and comparable YoY

THIRUMALAI CHEMICALS Q3 REVIEW

Net Sales up 6.9% at Rs 254.8 Cr Vs Rs 238.4 Cr

EBITDA up 80% at Rs 70.1 Cr Vs Rs 39 Cr

EBITDA Margin at 27.5% vs 16.4%

Net Profit up 2.3x at Rs 43.2 cr vs Rs 18.8 cr

All figures are comparable YoY

SREI INFRA Q3 REVIEW

AUM at Rs 44971 Cr Vs Rs 37505 Cr, Up 20%

Disbursements at Rs 5731 Cr Vs Rs 4812 Cr, Up 19%

Total Income at Rs 1411 Cr Vs Rs 1134 Cr, Up 24%

Calc NII at Rs 645 Cr Vs Rs 419 Cr, Up 54%

PAT at Rs 105 Cr Vs Rs 67 Cr, Up 56%

All results are comparable YoY

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