State Bank of India (SBI) declared its results today and much to the relief it did not slip into red like most of its Public Sector peers. Net profit did fall by 66% for the quarter yet it was able to save a little for its shareholders and to be carried to the balance sheet. Operationally, … Continue reading SBI – The Lone Ranger..!
PNB results have come as a shocker with bank reporting loss of more than Rs 5,000 crore in March’16 quarter and about Rs 4,000 crore for the full year. Indeed, all public sector banks which have reported their results have reported losses/ large decline in profits during the quarter. So what exactly is happening in … Continue reading Punjab National Bank -Why this provisioning..?