NEWS & ADVICE : SAVINGS ACCOUNTS
Net profit of nationalized banks low by 22% in Q3 of FY13
By Neelima Shankar
Apr 8, 2013
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The nationalized banks declared their third quarter (Q3) results for third quarter of the financial year 2012-13 which ended on December 2012. Net profits of nationalized banks dropped by 22 per cent in Q3 due to slowdown in economic growth, high interest rates and stringent provisioning norms.

The banks are ranked according to their performance across five dimensions- asset quality, business growth, efficiency, pricing power and profitability. While, business growth captures the deposit and advances portfolio of the bank. The remaining four categories are captured through Gross NPA as percentage of gross assets, cost of Income ratio, NIM and RoA respectively.

Bank of India, Union Bank of India and the Punjab National Bank in the large bank category and UCO Bank, Syndicate Bank, Corporation Bank, Dena Bank, Bank of Maharashtra and Punjab and Sind Bank in the small category have improved their rankings based on ‘growth and level'.


 


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