A month after its listing its shares on March 27, the Kolkata-headquartered bank's provisions towards bad loans trebled to Rs 10,909 crore over the same quarter a year ago.
Bandhan Bank has posted a 20.29 per cent growth in net profit for the fourth quarter ended March 31, 2018. The Mumbai-based bank reported a loss of Rs 2190 crore, the first in data going back to 2006, and compared with a Rs 662 crore profit predicted in a Bloomberg survey of 15 analysts. Provisions rose to Rs 71.8 billion in the quarter that ended in March from 28.1 billion the previous quarter as an earning of Rs 165 billion of new defaults were identified after the implementation of stringent regulations, the bank said in an exchange filing on Thursday.
Axis Bank share price rallied most in six months even as country's third largest private sector lender by assets reported quarterly losses for the first time ever.
On the asset front, there was an uptick in bad loans with gross non-performing assets (NPAs) rising to 1.25 per cent of the gross advances as March 31, 2018 as against 0.51 per cent by same time year earlier. "The bank had to write off Rs 51 crore of advances in FY18 because of the stress", he added.
In the pre-opening session Axis Bank quoated 3.79 per cent down.
After making mandatory appropriations to Statutory Reserve, Investment Reserve and Capital Reserve, no profits are available for distribution as dividend for the financial year ended 31 March 2018, the bank said while announcing its results.
The Chief Financial Officer of the bank, Sunil Samdani said margins changed because of the change in its loan mix of micro and non-microcredit (86:14).
Total income during the fiscal increased to Rs 56,747.40 crore, from Rs 56,233.47 crore.
IPL 2018 Match 27 MI vs CSK Live Streaming on Hotstar
Mumbai restricted Chennai to 169-5 then overhauled it with 170-2 with two balls remaining for only its second win in seven games. However, if there is one team which can bounce back rather dramatically to qualify from here it has to be Mumbai Indians .
Sharma added: "For the asset quality pain to truly moderate, however, it is critical for us to complete the NPA recognition process, and put the last cycle behind us".
Commenting on the performance, Chandra Shekhar Ghosh, Managing Director and CEO of Bandhan Bank, said: "The year 2017-18 has been a watershed year for the bank". "This journey continues", said Ms. Sharma, who has made a decision to step down from the helm at the end of December. The watch list of the bank was reduced by 92% to Rs 498 crore. Total income during the fiscal rose to Rs 5,508.48 crore (Rs 4,320.12 crore).
According to the bank, recoveries and upgrades were Rs 3,401 crore while write-offs during the quarter were Rs 3,887 crore.
Broncos Enter Last Day Of NFL Draft With 4 Picks
One reason why Sutton is raw is because he was mostly recruited as a safety, and wound up switching to receiver early in college. After a medical redshirt in 2014, Sutton caught 194 passes for 3,193 yards and 31 touchdowns in three seasons at SMU.
The company has experienced volume of 25,502,457 shares while on average the company has a capacity of trading 33.21M share. It fall, as 60 investors sold INTC shares while 703 reduced holdings. 59 funds opened positions while 153 raised stakes.
Darvish got his second big league double and fifth hit with a drive into the right-field corner in the fifth inning against Suter. Anderson has won his past two outings but has already dropped one decision against the Cubs this season.
Tom Evans said doctors were "gobsmacked" his 23-month-old son was still breathing nine hours after his life support ended. But she said any granting of Italian citizenship seemed created to "frustrate" orders made in a British court.
Demby was drafted out of the University of ME , where he started 40 games on the offensive line for the Black Bears. On Saturday, they got that pick (No. 160) back from the Broncos in exchange for two sixth-round picks.
Mourinho also said there was "no chance" that keeper David de Gea would be allowed to leave the club in the close season. After all, Wenger has had some intense battles with United and Mourinho down the years.
Shocked parents and relatives of the children rushed to the accident site and the hospital after hearing the news of the crash. It is being reported that he tried to speed past the unmanned level crossing but the van somehow got stuck on the tracks .
Brokaw behaved in a similar fashion in 1995, when he came to her apartment in London, where she was stationed. Brokaw wrote that Vester sought him out for the meeting in the NY hotel room, a characterization she rejects.
She was diagnosed with cervical cancer around the same time but she only found out about that review a year ago . A TD from Westmeath says women must be able to have confidence in the Cervical Check programme.
In a surprise move, the Redskins traded the 44th and 142nd overall picks to San Francisco to move back in the order. We tried to get to know them as a person and see how they fit in and we felt like he'll fit in just fine.
The statement further said, "DGCA has set up a two-member committee to investigate into the cause of the incident". Prime Minister Modi is now in China for an informal summit with Chinese President Xi Jinping .
Williams, 29, has a drug problem according to those close to him and we know he had run-ins with police in the past. Cole's death marks the first time a ME police officer was shot and killed in the line of duty in almost 30 years.
Mayock published a mock draft Wednesday that had the Ravens selecting Jackson at No. 16 overall, behind four other quarterbacks. The leading candidates would be Oklahoma State's Mason Rudolph , Richmond's Kyle Lauletta, and Western Kentucky's Mike White.
Golden Knights quest for Stanley Cup resumes against Sharks
Only one game was decided by more than one goal, though that Golden Knights two-goal victory came by way of an empty net marker. The scene carried into the arena as the game neared, and built into a crescendo just before the first puck drop.
House Rep. Pat Meehan resigns
Meehan has said in interviews that he considered the former aide, who is decades younger than him, his " soul mate ". His office did not respond when asked whether he would use personal funds to repay the Treasury.
Canadiens, Hurricanes move up in NHL Draft Lottery
The 18-year-old Swede's mobility and all-around game have earned him comparisons to Detroit Red Wings legend Nicklas Lidstrom . The Edmonton Oilers had a disappointing season and were looking for some luck on their end last night at the draft lottery.
Knife attack at China school, seven students killed
At least 25 children died and more than 100 were injured in attacks at Chinese schools between 2010 and 2012, the network said. Saturday, eight of the injured were recovering and the two critically injured are in stable condition.
Supreme Court hints at shifting case out of Jammu
Further, it had directed the Bar Council of India (BCI) to prepare a report on the conduct of lawyers in Jammu and Kathua. "Fair trial is the consideration and we are concerned with the interest of victim and accused".