trending Market Intelligence /marketintelligence/en/news-insights/trending/lwBztlFNBUeDHHQtssVvxg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

India's 6 largest banks see rise in FY'17 profit as provisions fall at some

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


India's 6 largest banks see rise in FY'17 profit as provisions fall at some

India's six largest banks saw a 34.4% year-over-year increase in their combined net income for the fiscal year ended March 31, as three of the six banks saw a narrowing of provisions.

Aggregate net income for State Bank of India, ICICI Bank Ltd., Bank of Baroda, Punjab National Bank, Bank of India and HDFC Bank Ltd. rose to 272.15 billion rupees from 202.44 billion rupees.

Asset write-downs at the banks rose to 1.170 trillion rupees from 971.56 billion rupees, though Bank of Baroda, Punjab National Bank and Bank of India all reported that provisions declined.

However, State Bank of India, the country's largest lender by assets, reported a 98.0% year-over-year decline in net profit for the full year, amid a surge in provisions and contingencies for the year to 612.91 billion rupees from 373.95 billion rupees. HDFC Bank and ICICI Bank, the two private sector banks among the six, also saw a rise in provisions for the year.

SNL Image

As of June 2, US$1 was equivalent to 64.26 Indian rupees.

SNL Image

Click here to analyze a bank and its peers and for country-level banking and macroeconomic data.
Click here to set real-time alerts for data-driven articles. Step 1: choose a delivery preference. Step 2: select Banking under "Data Dispatch Asia-Pacific," then click apply at the bottom of the page.