The Federal Bank Ltd has reported a rise of 50% in net
The Federal Bank Ltd has reported a net profit of Rs 150.5 m for the nine month period ending December. Inspite of a fall in other income, and a 14% increase in operating expenses profit growth was at 50% mainly due to lower interest expenses.
State Bank of India (SBI) declared its results for the first quarter of the financial year 2015-16 (1QFY17). The net interest income for the quarter grew by 4.2% YoY and the profit was down by 31.7% YoY.
Axis Bank declared the results for the first quarter of the financial year ended March 2017 (1QFY17). The bank has reported 11.4% YoY growth in net interest income while net profits declined 21.4% YoY in 1QFY17.
Punjab National Bank (PNB) declared its results for the first quarter (1QFY17) and the financial year (FY17). While the net interest income fell by 9.8% YoY for the quarter, the net profit of the bank was down by 57.5%.
HDFC Bank declared the results for the first quarter of financial year ending March 2017 (1QFY17). The bank has reported 22% YoY and 20% YoY growth in net interest income and net profits respectively in 1QFY17.
Punjab National Bank (PNB) declared its results for the fourth quarter (4QFY16) and the financial year (FY16). While the net interest income fell by 27% YoY for the quarter, the bank posted a net loss. Even on an annual basis, the bank slipped in the red. Here is our analysis of the results.
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