Tuesday, 15 August 2017

IDBI Bank Posts 3rd Straight Quarterly Loss At Rs 853 cr In Q1: 15 Aug



State-owned IDBI Bank on Monday ran up a net loss of Rs 853 crore for the first quarter ended June, mainly hurt by higher provisioning against bad loans.

It is the third straight quarter when the bank reported the net loss. The bank had posted a profit of Rs 241.10 crore in April-June of 2016-17.

Total income in the June quarter was Rs 6,730.88 crore, down from Rs 8,219.43 crore a year earlier, it said in a regulatory filing.

Gross non-performing assets (NPAs) soared to Rs 50,173.20 crore, or 24.11 per cent, in the first quarter of 2017-18, from Rs 27,275.15 crore in the year-ago period.

Net NPA was 15.8 per cent, up from 7.47 per cent in the year-ago quarter.

The stock closed at Rs 52.45, down 0.57 per cent from its previous close, on the BSE on Monday.

About

Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comments:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Latest updates tips : Follow

© Copyright 2015 Money99. Designed by Parag Patil