Last Updated : Jun 19 2019 9:25PM     Screen Reader Access
News Highlights
PM Narendra Modi chairs all-party meet on One Nation, One Election            Om Birla elected Lok Sabha Speaker unopposed            18 additional doctors join in treatment of Encephalitis affected children in Bihar's Muzaffarpur            DD India programmes to be available in Bangladesh, South Korea            Injured Shikhar Dhawan ruled out of World Cup; Rishabh Pant replaces him           

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 19 (Jun) Midday News 19 (Jun) News at Nine 19 (Jun) Hourly 19 (Jun) (2000hrs)
समाचार प्रभात 19 (Jun) दोपहर समाचार 19 (Jun) समाचार संध्या 19 (Jun) प्रति घंटा समाचार 19 (Jun) (1900hrs)
Khabarnama (Mor) 19 (Jun) Khabrein(Day) 19 (Jun) Khabrein(Eve) 18 (Jun)
Aaj Savere 19 (Jun) Parikrama 19 (Jun) Lok Ruchi Samachar 16 (Jun)

Listen Programs

Market Mantra 19 (Jun) Samayki 19 (Jun) Sports Scan 19 (Jun) Spotlight/News Analysis 19 (Jun) Samachar Darshan 19 (Jun) Radio Newsreel 18 (Jun)
    Public Speak

    Country wide 13 (Jun) Surkhiyon Mein 13 (Jun) Charcha Ka Vishai Ha 19 (Jun) Vaad-Samvaad 18 (Jun) Money Talk 18 (Jun) Current Affairs 14 (Jun)