The first quarter of F.I 12-13 has ended on June 30,2012.
So far Indian Overseas Bank (IOB), Punjab National Bank (PNB), Union Bank of india (UBI),Bank of India (BOI), Dena Bank, Central Bank of India (CBI) , Axis Bank, Tamilnad Mercantile Bank, Corporation Bank and Vijaya bank have all reported an increase in net profit. However due to increases in bad loans and provisioning for NPAs (non-performing assets) the banks are reporting subdued profits.
Indian Overseas Bank has reported a net profit of 13.5%, PNB has reported a net profit of 12.7%, UBI has reported a net profit of 14.6%, BOI has reported a net profit of 71%, Axis Bank has reported a net profit of 22%, Tamilnad Mercantile Bank has reported a net profit of 79%, Corporation Bank has reported a net profit of 5.35%, Vijaya Bank has reported a net profit of 54%,. Dena Bank has reported a net profit of 42% and Central Bank has reported a net profit of 19.65%.
Update.
ICICI bank has reported a 36% increase in profit for the first quarter of this year and its gross NPA's came down to 3.54% compared to 4.36 at the end of the first quarter of last year.
UCO Bannk has reported a profit of 24% rise in net profit. White the gross NPA's grew to 3.88% from last years first quarter gross NPA's of 3.50%
So far Indian Overseas Bank (IOB), Punjab National Bank (PNB), Union Bank of india (UBI),Bank of India (BOI), Dena Bank, Central Bank of India (CBI) , Axis Bank, Tamilnad Mercantile Bank, Corporation Bank and Vijaya bank have all reported an increase in net profit. However due to increases in bad loans and provisioning for NPAs (non-performing assets) the banks are reporting subdued profits.
Indian Overseas Bank has reported a net profit of 13.5%, PNB has reported a net profit of 12.7%, UBI has reported a net profit of 14.6%, BOI has reported a net profit of 71%, Axis Bank has reported a net profit of 22%, Tamilnad Mercantile Bank has reported a net profit of 79%, Corporation Bank has reported a net profit of 5.35%, Vijaya Bank has reported a net profit of 54%,. Dena Bank has reported a net profit of 42% and Central Bank has reported a net profit of 19.65%.
Update.
ICICI bank has reported a 36% increase in profit for the first quarter of this year and its gross NPA's came down to 3.54% compared to 4.36 at the end of the first quarter of last year.
UCO Bannk has reported a profit of 24% rise in net profit. White the gross NPA's grew to 3.88% from last years first quarter gross NPA's of 3.50%
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