Bank Results Season: A critical look at PSU Bank results – BOB, Allahabad Bank and OBC recover the respect

New REsults ,from these three banks showed Profit growth in the public enterprises not at risjk and a likely end to the increasing NPAs at 2% of Net NPAs for the Sector, which would be a big positive. CAR will dip from 12% to newer 9% levels under the new RBI mandated risk weighted structure

Reported results today NIMs are don from 2.96% to 2.73% Restructured assets have however added only INR573 Crs or INR5.73B NII of INR27.98 B reasserts it is the top of the heap with PNB

BOB restruured assets have added INR7.5 B not in power and telco but in Textiles

 

IOB NPAs are up to 2.97% at the fag end of the results day. Allahabad Bank NII has gone up 12% to INR 13.7B.  IOB NII is 13.28B but provisions of INR5.2B may still be low with Gross NPAs half that of Canara and Union Bank at 44 Bln Allahabad Bank PaT is INR5.27 B and OBC at INR 3.94 Bln among others today

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