Thursday, 18 February 2016

3 of 24 listed PSU banks raise profits, what to do now


October-December quarter for the banks is seen as by far the worst season.NPAs of public sector banks increased in the quarter, mostly due to higher provisioning either losers or their profit has declined.The three state-owned banks were the only ones whose performances have been fantastic. For the quarter ended December 31, PSU 21 NPAs of listed banks and 15 private 4.38 lakh crore to Rs 3.4 lakh crore has been reached.

At present, state-owned banks are not good for investment 
Blue Ocean Capital CEO accomplished Mehta Pradrshnh only 3 state-owned banks to the luxurious base of the banking sector should not.Currently, investors should stay away from PSU banks. Just may fall in banking shares.The bank did not say that because someone has their full provisioning but banks to increase provisioning further said.Banks' profit in the next quarter will remain under pressure.

NPAs in Q3 increased loss of 12,000 crore to public sector banks 
NPAs in Q3 increased losses of the public sector banks stood at Rs 12,000 crore.October-December quarter, the bank incurred a loss of 3,342 million, most of which is yet to be any official bank's quarterly loss.The IDBI Bank Rs 2,184 crore, Bank of India lost Rs 1,505 crore.Also in Q3 UCO Bank incurred a loss of Rs 1,497 crore. 1,425 crore loss of Indian Overseas Bank and Dena Bank recorded a loss of Rs 663 crore.

500 million less than the losses in banks Allahabad Bank Rs 486 crore, Rs 425 crore, OBC, Syndicate Bank and Corporation Bank Rs 383 crore to Rs 120 crore loss. Altogether these 11 public sector banks reported a loss of Rs 12,000 crore.

While public sector banks, including State Bank of India saw a sharp drop in profit. SBI's net profit declined 61.6 per cent in the October-December quarter at Rs 1,115 crore recorded.2,910 crore in the same period last year, SBI had profit.While the bank's net profit fell 93 per cent to Rs 51 crore.

3 state-owned banks increased profits
Vijaya Bank, Bank of Maharashtra and Punjab and Sind Bank are the three banks whose profit boom.55.6 per cent of Bank of Maharashtra in Q3 profit stood at Rs 89 crore, 40.6 per cent, while Vijaya Bank net profit of 52.6 crore.Job & Sind Bank recorded a net profit of Rs 21 to 70 percent.

PSU banks to invest in the long-term 
PSU banks' provisioning figures in the next quarter will continue. 2-3 years in terms of investments in the banking sector would be beneficial.October-December 2016 and January-March 2017 quarter, the bank stocks are likely to see.By then would have to clean up banks' balance sheets substantially. Provisioning of banks will be reduced to 2-3 years.Banks are expected to fluctuate in the short term, therefore, do not invest in banking stocks for short-term, or may incur losses.

Read more : MCX Crude oil tips , MCX natural gas TipsMCX Commodity TipsCrude oilTrading TipsMCX Free Tips, mcx crude oil news, gold price news






Related Posts:

  • Crude Oil continued to fall, gold continues to shine Global market prices of Brent crude fell by 1 per cent, while Nymex crude has fallen by 2 per cent  2 per cent after crude prices close to 33 dollars a barrel. Crude also fell 0.82 percent, while Brant has come clo… Read More
  • MCX Bullion News Updates Gold prices-Gold bounced back on Monday with the market inching towards last session's nine-week high as pressure on Asian stock markets triggered safe-haven bids for the metal. China will face great difficulty in achieving… Read More
  • Performance Of The Day CS PERFORMANCE MESSAGE: STOCK FUTURES: FUTURES INTRADAY: ARVIND FUTURE  BUY  CALL 2 TG GAIL BUY  CALL 1 TGT RELIANCE  BUY CALL  1 TG TCS  BUY CALL  BOOKED AT 2402.90     &nbs… Read More
  • INDIAN BENCHMARKS MARKET WRAP-UP UPDATES INDIAN BENCHMARKS: MARKET EXTENDS GAIN,SENSEX UP 150 POINTS Supported by strong gains in the broader market, the Indian benchmark indices extended gain in afternoon session of day’s trade on Friday, tracking firm cues … Read More
  • INDIAN BENCHMARKS NEWS UPDATES INDIAN BENCHMARKS are likely to witness negative opening as the global cues look unsupportive with SGX Nifty Trading Tips trading 44 points lower. Indian equity benchmarks are poised to open lower on Mond… Read More

0 comments:

Post a Comment

Blog Archive

Powered by Blogger.