Mark To Market " Bank Results"

Bandhan Bank

45.55% year-on-year rise in net profit at ₹701.14 crore

Net interest income for the quarter increased 35.98% to₹1,410.38 crore

Percentage of gross non-performing assets (NPAs) climbed to 2.02% in Q1 from 2.04% on a quarter-on-quarter basis. The percentage of net NPAs stood at 0.56%, against 0.64% during the same period.

Provisions and contingencies rose 56.70%

RBL Bank

Net profit rose 40.52%The bank posted a net profit of ₹267.05 crore

Net interest income, increased 47.88% to ₹817.32

Gross non-performing assets (NPAs), as a percentage of total advances, were at 1.38% in the June quarter, and 1.40% in the year-ago period

Net NPA ratio was at 0.65%, against 0.69% in the March quarter, and 0.75% in the year-ago period

Provisions during the quarter increased by 51.89% to ₹213.18 crore

HDFC Bank

Revenue is up by 22%

(Retail 47%; Wholesale 28%; Treasury 12%) to 343 billion

Net profit before provision rose by 27 %,

PAT by 19% to 56 billion

(Retail reduced by 2%, wholesale increased by 5%, treasury by 14%)

Net interest income grew 22.9% year-on-year to ₹13,294.3 crore

gross non-performing assets 1.4%

Provisions during the quarter rose 60%

Net NPA ratio was at 0.43%

Yes Bank

NII grew 2.8% y-o-y to ` 2,281 Crores

Pre-Provisioning Operating Profit grew 48.0% sequentially to ` 1,959 Crores

Net Profit at ` 114 Crores 91% drop

Retail Advances grew 43.3% y-o-y

Deposits grew by 5.9% y-o-y

GNPA 5.01%

NNPA 2.91%

DCB Bank

Net profit rose 16.63%of ₹81.06 crore

Net interest income, increased 11.64% to₹304.75 crore

Gross non-performing assets (NPAs), as a percentage of total advances, were at 1.96%

Provisions during the quarter increased by 22.3%

net NPA ratio was at 0.81%

Federal Bank

Net profit of ₹384 crore 46% higher

Net interest income grew 18% y-o-y to ₹1,154 crore

Provisions in the June quarter of FY20, down 3.5% y-o-y

Gross bad loans as a percentage of gross advances stood at 2.99%,

IndusInd Bank

38.3% jump in net profit at ₹1,432.50 crore

Gross (NPAs) rose 2.15%

Net NPAs, or bad loans, too, jumped from 0.51% in the year-ago period to 1.23%.

Net interest income rose from ₹2,122 crore to ₹2,844 crore year-on-year (y-o-y).

Comments

Textile Sector In India:- An Overview (Part-1)

Facts India’s textile industry contributed seven percent of the industry output (in value terms) in FY19. It contributed two percent to the GDP of India and employed more than 45 million people in FY19. The sector contributed 15 percent to India’s export earnings in FY19. The Indian government has come up with a number of export promotion policies for the textile sector. It has also allowed 100 percent FDI in the sector under the automatic route. The textiles and apparel industry can be broadly divided into two segments - yarn and fiber and processed fabrics and apparel. Growth in demand is expected to continue at 12 percent CAGR to reach US$ 220 billion by 2025. India is the world's second-largest exporter of textiles and clothing. Increased penetration of organized retail, favorable demographics, and rising income levels is likely to drive demand for textiles. Post COVID-19 Scenario Due to the pandemic, businesses and supply chains are witnessing a drastic shift from tradition

Mark to Market " Banking Sector at Mess"

Market transactions by staff routine activity say RBL Bank as stock tanks 12% The total employee holding in the bank stood at around 3.46 crore shares as on 23 August, with over 25% of employees holding shares The bank's management had indicated possible corporate slippages to the tune of ₹1,000 crore in the coming quarters, during its Q1 results commentary A ‘priority sector’ problem brewing for YES Bank? The lender is said to have an exposure of about Rs 500 crore on account of loans to CCD. Most banks with exposure to the group said a significant portion of the debt was paid after Siddhartha sold his stake in IT services firm Mindtree for Rs 3,200 crore. But it’s not known how many banks individually loaned the company. Sources in the know said the loans were backed by the plantations and real estate.

Mark To Market: Defaults!!

DHFL defaults on Rs 1,571 crore bond payments The company is estimated to be sitting on a debt-pile of over Rs 90,000 crore. DHFL has defaulted on its financial repayment obligations worth Rs 1,571 crore with regard to the issuance of bonds and commercial papers The non-banking financial company (NBFC) has defaulted on Rs 46.92 crore towards interest amount on secured NCDs (9.92 percent and 9.40 per cent/10 year tenor); on NCDs issued through a public issue for multiple tenors of amount involving the interest of Rs 363.77 crore and the principal amount of Rs 1,059.91 crore. CG Power ’s disclosure of accounting lapses is the latest in a series of governance and accounting scandals that have hit India Inc. over the past year, increasing scrutiny over not just the promoters of the companies but also independent directors, auditors, and regulators.

Mark to Market

Search This Blog