SBI had reported a net profit of Rs 2,152.14 crore for the same quarter a year ago. Image source PTI
15 February, 2018, 17:07
State-owned Bank of India reported a net loss of ₹2,341.23 crore in the three months ended December due to a rise in provision for bad loans and lower income from treasury operations.
Total provision more than doubled to ₹4,899 crore, from ₹2,302 crore in the year-earlier period.
On a sequential basis, however, the provisions stand reduced by 26.76 per cent and are down by about Rs 6.05 billion quarter on quarter.
During Q3FY18, BOI posted net loss of Rs 2,341.20 crore as against net profit of Rs 101.72 crore in the corresponding period of previous year and net profit of Rs 179.07 crore in the preceding quarter.
Net interest income, the difference between interest earned and interest expended, grew by 30.2 percent to Rs 1,623 crore compared to year-ago.
Cubs announce 6-year deal with Darvish
They won the World Series for a reason, but I don't think we would be doing our job if we evaluated based on a two-game sample. But if the Cubs don't start churning out some better young arms at some point soon, they are going to have a problem.
Net interest margin (NIM) - a key measure of profitability - fell 33 bps y-o-y and 27 bps sequentially to 1.88 per cent in Q3. Gross and net NPAs were higher at 16.93 and 10.29 per cent, respectively. The bank was required to make provision of Rs 513.76 crore for the second list of defaulters, for which BOI says, "remaining provisions shall be made during quarter ending March 31, 2018". The bank's provisions for non-performing assets rose 95 per cent to Rs 964.07 crore as against Rs 494.52 crore.
RBI had found that the bank had under-reported gross NPAs of Rs 14,057 crore in FY17. Advances were up at Rs68,250 crore in third quarter this fiscal from Rs67,866 crore.
Punjab National Bank had a write-off of Rs 9,205 crore in 2016-17, followed by the Bank of India (Rs 7,346 crore), Canara Bank (Rs 5,545 crore) and the Bank of Baroda (Rs 4,348 crore).
The advance portfolio has expanded by about Rs384 crore mainly due to growth in MSME advance by 17.70% and growth in housing loan and vehicle loan segment by 23.63% and 31.31%, respectively.
I don't know what to think about this, but I can't see a traditional movie franchise and cinematic universe in Call of Duty . It shouldn't come as a surprise that there's a Call of Duty movie in the works, something that will be limited to 24FPS.
If the marks don't go away, the company suggests, "wiping the surface gently with a soft damp or dry cloth may remove the marks". Unlike some smart speakers, which look a bit like glorified Pringles cans, the HomePod is large, sleek, and gorgeous.
SpaceX's demo satellites launch February 17 on a Falcon 9 rocket along with a Spanish radar-imaging satellite called PAZ. SpaceX has confirmed plans to enter the satellite broadband market with an application to the USS FCC for clearance.
On the storage front, the Nokia 6 (4GB) comes with an inbuilt 64GB storage, which can expanded via a microSD card up to 128GB. The f/2.0 aperture lenses and exclusive camera UI with automatic scene detection make it easy to take great shots every time.
Pennsylvania-based Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys has invested 0.01% in Eaton Vance Corp. Pekin Singer Strauss Asset Management Il holds 0.01% of its portfolio in CytRx Corporation for 67,555 shares.
Earlier today, the Enforcement Directorate (ED) registered a money laundering case against Nirav Modi and his relatives along. Modi, his wife, brother and Choksi are partners in these three firms, the CBI FIR said.
Herrington's cover comes after other fashion and Hollywood royalty. "That could have turned out deadly if she hit her head". Like Banks and Knowles-Carter, Herrington also has her eyes set on having a career that surpasses modeling.
If the resolution plan entails restructuring of the loans, even existing standard loans will get classified as NPAs. A non-performing asset is a loan for which the principal or interest payment has not been paid for 90 days or more.
The pharmacy operator reported $1.28 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.27 by $0.01. This repurchase authorization permits the pharmacy operator to buy up to 5.9% of its shares through open market purchases.
Adding further, he hoped that the success of Black Panther will stop Hollywood from saying "well, your movies don't travel". Well, isn't that Kattappa for you? There are two scenes at the end of the film, one mid-credits and one at the very end.
The test can help doctors identify which patients would require computed tomography (CT) scan to check if they have brain damage . It could rule out the need for a CT scan in at least one-third of those suspected of having a concussion, the FDA said.
How Amazon Will Become a UPS or FedEx
Shares of UPS were down Monday morning following Amazon's announcement last week that it would launch its own shipping service . Previous year alone, Amazon spent $21.7 billion shipping products sold on its site to its customers.
Russia, China Willing To Invest In Saudi Aramco's IPO
There is a list of 23 projects that may be developed, said Novak, adding that the LNG agreement could be signed later this year. At the opening, Mr Putin offered to sell Russian gas so that Saudi Arabia "could save its oil".
Real Madrid join Chelsea in race to sign Toby Alderweireld
Although the Portuguese manager bought in Eric Bailly and Victor Lindelof, Toby Alderweireld represents a more experienced option. Chelsea are among clubs linked with Toby Alderweireld amid speculation over the Tottenham defender's future .
Hazard: Chelsea need to finish in the top four
We have three months to play until the end of the season and we have to give everything to reach our targets. West Brom only had themselves to blame for not getting back into the game early in the second period.
Inflation Pickup A Challenge For Fed Chief Powell
Core CPI is projected by consensus to rise 0.2% in January following a similarly sized increase in December. Expectations of higher interest rates globally are not simply a hypothesis on the part of investors.
North Korea Leaves the South to Pick Up Its Olympics Tab
The New York Times reports that they are escorted by North Korean minders at all times - even for bathroom breaks. In Pyeongchang, the cheerleaders have been singing pop songs and performing patriotic and encouraging chants.
Sea of Thieves is getting one more beta to stress its servers
While not an official "beta", players are encouraged to log in and help stress test the game's servers before launch on March 20. This scale test's goal is to try out the work that has been done on the game since the popular beta ended in January.
Solar Eclipse 2018 today: Time, location and where to see it
Those in the south of Rio Gallegos and in Falkland Islands too would be able to witness the Solar Eclipse February 15, 2018. And depending on just how far the moon is from the node, the moon will dip partly or completely into the Earth's shadow.