A- A A+
Last Updated : Sep 21 2019 11:08PM     Screen Reader Access
News Highlights
Assembly polls in Maharashtra, Haryana to be held on Oct 21            Prime Minister Narendra Modi reaches United States tonight            India to undertake space mission Gaganyaan next year: ISRO            Postal accounts to be linked with Aadhaar for transparency            US to send troops to gulf after attack on Saudi oil facilities           

Business News

May 14, 2019
5:46PM

Indian Bank posts net loss of Rs 190 cr in Q4 on higher NPA provisioning

Representational Pic
The public sector Indian Bank has registered a loss of 189.77 crore rupees in the last quarter, as compared to its previous quarter.

Its Chairperson and Managing Director Padmaja Chunduru unveiled the bank's annual financial results today in Chennai. Later, addressing the media, she said, the net profit has turned negative due to two corporate loans turning into NPAs for which no provisioning has been made earlier.

However, she said, the development is a one-off event and expressed confidence that the net profit would turn positive during the next quarter. She said, the global business of the bank has exceeded 4.3 lakh crore rupees, registering a sixteen percent rise. 

   Related News

Live Twitter Feed

Listen News

Morning News 21 (Sep) Midday News 21 (Sep) News at Nine 21 (Sep) Hourly 21 (Sep) (2300hrs)
समाचार प्रभात 21 (Sep) दोपहर समाचार 21 (Sep) समाचार संध्या 21 (Sep) प्रति घंटा समाचार 21 (Sep) (2305hrs)
Khabarnama (Mor) 21 (Sep) Khabrein(Day) 21 (Sep) Khabrein(Eve) 21 (Sep)
Aaj Savere 21 (Sep) Parikrama 21 (Sep)

Listen Programs

Market Mantra 21 (Sep) Samayki 21 (Sep) Sports Scan 21 (Sep) Spotlight/News Analysis 21 (Sep) Samachar Darshan 20 (Sep) Radio Newsreel 21 (Sep)
    Public Speak

    Country wide 19 (Sep) Surkhiyon Mein 19 (Sep) Charcha Ka Vishai Ha 18 (Sep) Vaad-Samvaad 3 (Sep) Money Talk 3 (Sep) Current Affairs 20 (Sep)