Earnings of five state-run banks better than expected

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Five PSU banks have beat market expectations, especially on the bad assets front, during the September quarter. Five PSU banks have beat market expectations, especially on the bad assets front, during the September quarter.
SummaryStar performer Bank of India's profit soared over 105% to Rs 622 crore in September quarter.

per cent a year ago.

But Allahabad Bank's portfolio quality deteriorated further, with gross NPAs rising to 4.94 per cent of gross advances, as against 2.95 per cent year a year ago.

Its net non-performing assets during the second quarter rose to 3.83 per cent from 2.10 per cent a year earlier.

Similarly, Syndicate Bank's bad loan portfolio deteriorated further, with gross NPAs rising to 2.88 per cent from 2.47 per cent and net NPAs to 1.66 per cent from 0.92 per cent.

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