After opening the day on a positive note, share markets in India have continued the momentum and are trading marginally above the dotted line. Sectoral indices are trading on a positive note with stocks in the oil and gas sector.
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%.
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.
IDFC Bank declared its results for the third quarter of the financial year 2016-17 (3QFY17). The bank posted a 25.8% YoY growth in interest income and 21% fall in profit during the quarter. Since the bank commenced its banking operations on 1st October 2015, the year-on-year performance for the 9mFY17 is not strictly comparable.
HDFC Bank declared the results for the third quarter of financial year ending March 2017 (3QFY17). The bank has reported 18% YoY and 15% YoY growth in net interest income and net profits respectively in 3QFY17.