Markets
BSE See NSE See 26,740.28
46.00 (0.17%)
collapse Related Readings collapse

Top 5 PSU Banks With The Least Net NPA Ratios

By Saikat Mitra | 3/22/2013 9:00 PM Friday

A look at the performance of the PSU banks on a YTD basis tells us that most of the banks have been beaten on the bourses. The main concern that has crept in after the December 2012 quarter is on the NPAs (Non Performing Assets) front. Let us know what NPAs actually mean.

According to Investopedia, NPA is defined as a debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The non-performing asset is therefore not yielding any income to the lender in the form of principal and interest payments.

Let us look at the top 5 PSU banks that have the least Net NPAs as of FY12.

Name of the BankNet NPA RatioM-Cap (Rs/Crore)YTD Returns (%)
Bank of Baroda  0.54 26772 -26.26
Bank of Maharashtra 0.84 2880 -21.34
Corporation Bank 0.87 5697 -19.51
Andhra Bank 0.91 5195 -23.86
Syndicate Bank 0.96 6805 -14.78
Source: IBA, BSE

Bank of Baroda: Bank of Baroda has a history of more than 100 years. Starting off in the year 1908, from a small building in Baroda, the bank has spread its wings across India and 25 other countries.

The bank works towards a vision to be a top ranking national bank of international standards, committed to augmenting stakeholders' value through concern, care and competence. At present, it operates through a network of 4134 branches, and 2288 ATMs in India, as well as through 58 branches and 97 offices in 25 countries.

If we look at its NPA as of FY12, we find that the bank has topped the charts with a Net NPA ratio of 0.54x. The bank’s market capitalisation stands at Rs 26772 crore and on a YTD basis, the stock prices had tanked by 26.26% in the current calendar year.

Bank of Maharashtra: Bank of Maharashtra is engaged in providing banking products and services in India. Currently the bank operates through its outlet of 1638 branches and 501 ATMs. It was founded in 1935 and is headquartered in Pune.

The bank was set up 77 years ago to serve the small-scale trade and industry and the commoners who were unable to avail banking facilities then. It has been keeping the common man at the centre in its policies, practices and strategies right from the beginning. It has a presence in 26 states and two union territories across India.

The market capitalisation of the bank stands at Rs 2880 crore and the net NPA ratio as of FY12 stands at 0.84x. On a YTD basis, the scrip has yielded a negative return of 21.34% in the current calendar year.

Corporation Bank: Started about 107 years ago in 1906, with an initial capital of just Rs 5000, Corporation Bank has recorded a Rs 236611 crore mark in business and even far more, with over 6164 service outlets across the nation, with a work force of more than 13000. In 1997, it became the second Public Sector Bank in the country to enter the capital market, the IPO of which was oversubscribed by 13x.

The market capitalisation of the bank stands at Rs 5697 crore and the net NPA ratio as of FY12 stands at 0.87x. On a YTD basis, the scrip has yielded a negative return of 19.51% in the current calendar year.

Andhra Bank: Andhra Bank provides various retail and corporate banking products and services to large, medium, and small customers in India. As of March 31, 2012, the company operated 1712 branches; 1056 ATMs; 15 extension counters; and 38 satellite offices. Andhra Bank was founded in 1923 and is headquartered in Hyderabad, India. The Bank was registered on November 20, 1923 and commenced business on November 28, 1923 with a paid-up capital of Rs 1 lakh and an authorised capital of Rs 10 lakh.

Its NPA as of FY12 stands at 0.91x. The market capitalisation stands at Rs 5195 crore and on a YTD basis, the stock prices had tanked by 23.86% in the current calendar year.

Syndicate Bank: Syndicate Bank was established in 1925 with an initial capital of Rs 8000. The objective was primarily to extend financial assistance to the local weavers who were crippled by a crisis in the handloom industry through mobilising small savings from the community.

The bank collected as low as two annas daily at the doorsteps of the depositors through its agents under its Pigmy Deposit Scheme started in 1928. This scheme is the bank's brand equity today and the bank collects around Rs 2 crore per day under the scheme. As of October 22, 2012, it operated approximately 2737 branches; and 1241 ATMs.

The market capitalisation of the bank stands at Rs 6805 crore and the net NPA ratio as of FY12 stands at 0.96x. On a YTD basis, the scrip has yielded a negative return of 14.78% in the current calendar year.

Find More Articles on: Markets, DSIJ Mindshare, DSIJ Others, Slide Shows

DSIJ
Mindshare

Ten stocks close to their 52-week low

Ten stocks close to their 52-week low

Following stocks are close to their 52-week low as at 12.15 p.m. on December 9.

Beneficiaries of the cashless mantra trade higher on bourses

Beneficiaries of the cashless mantra trade higher on bourses

There are a host of stocks which are likely to benefit from the governments' big Digital push. These stocks have already seen a big run-up, post demonetisation. However, more upside is left in the stocks.

Ten stocks close to their 52-week high

Ten stocks close to their 52-week high

The markets on December 9 opened up. BSE Sensex is trading at 26779.11, up by 84.83 points and the Nifty is trading at 8266.65, up by 19.80 points. Meanwhile, following stocks are close to their 52 week high as on December 9.

Banco Products runs low after rollback of buyback

Banco Products runs low after rollback of buyback

Banco Products’ board of directors have decided to drop the proposal of buyback of equity shares of the company and decided not to further proceed with the proposal.

Quarterly Result: Jindal Steel & Power Ltd

Quarterly Result: Jindal Steel & Power Ltd

Jindal Steel & Power Ltd., is currently trading at Rs. 73.95, up by 0.85 points or 1.16% from its earlier closing of Rs. 73.1 on the BSE. The company's net loss for the quarter stands at Rs 745.98 cr against Rs 909.53 cr.

Markets @ 11 am: Movers and Shockers

Markets @ 11 am: Movers and Shockers

Following are the top gainers and losers as of December 9. Intellect Design is the largest gainer; whereas MMTC is the largest loser. 

IL&FS Engineering & Construction Company shines on bagging REC order

IL&FS Engineering & Construction Company shines on bagging REC order

IL&FS Engineering & Construction Company (IL&FS ECC) has emerged as the lowest bidder for Rural Electrification Corporation (REC) works worth Rs 225 crore crore in Jharkhand. 

Sheela Foams IPO lists at a premium of 39%

Sheela Foams IPO lists at a premium of 39%

Maker of India’s most loved mattresses brand ‘Sleepwell’ has listed with a massive premium of close to 39 per cent on the bourses. The Rs 510-crore initial public offer was oversubscribed 5.09 times on December 1, the last day for subscription. The issue was opened on November 29.

Tanla Solutions hits new 52-week high

Tanla Solutions hits new 52-week high

Tanla Solutions has hit new 52-week high on December 9. The scrips are witnessing high volume with thirty day SMA of 40.85. The shares of the company which previously closed at Rs 49.95; opened at Rs 51.50 and as at 9.52 am are trading at Rs 57.35, up by 14.81 per cent.

Stock in focus: KPR Mill

Stock in focus: KPR Mill

KPR Mill, which had earlier proposed a buy-back has finally got approval from its board. The scrip of KPR Mill by default is expected to spice up. 

Market
CHIT CHAT

What is your view on markets today?

200  Characters Remaining.
Please LOGIN  to post your comments or Click here to go back.
Shubham Maheshwari Dec 09 12:58PM
Buy ugar sugar work for short term profit
MANISH TYAGI Dec 09 12:54PM
@rajiv Nice timing, swing on tara
VINAY HEGDE Dec 09 12:49PM
PASSWORD iA9u1LVE
rajiv jha Dec 09 12:44PM
Elnet tech for short term
rajiv jha Dec 09 12:43PM
Pincon spirit also good for long term

news letter

More for the early bird.

Get the post-market reports and breakfast news right in your inbox. See latest »