According to average of estimates of analysts polled by CNBC-TV18, net interest income is seen rising 26.6 percent to Rs 1,848.3 crore compared with Rs 1,460.3 crore in same quarter last fiscal.
While optically, the aggregate earnings may not appear as a shocker, it nevertheless hides underlying weakness and a clear loss of momentum.
Expectations were running low on account of pre-GST implementation adjustments in the quarter, and overall, the Nifty earnings have not resulted in any incremental negative surprise.
In an interview to CNBC-TV18, Manish Agarwalla, Co-Head of Research at PhillipCapital shared his views on readings of quarterly earnings from banking sector.
It was a quarterly performance that ticked all boxes. Stung by the bad press of the previous quarter’s numbers, Yes Bank seems to have been determined to erase all the memories
Profit during the quarter grew by 26.5 percent year-on-year to Rs 836.55 crore despite higher provisions and weak asset quality. The growth was driven by other income, net interest income and operating income.
All parts of balancesheet on the loan side have done well in the first quarter, said Romesh Sobti, MD & CEO, IndusInd Bank.
In an interview to CNBC-TV18, Nilesh Parikh, Associate Director at Edelweiss Securities shared his expectations from IndusInd Bank’s Q1 results.
Provisions may witness a slight uptick after the RBI's diktat in June. Positive trends on asset quality will, however, continue with the pace of slippages into NPAs declining for all banks.
Citi, maintained its buy rating on the stock with an increased target price of Rs 1,640 (from Rs 1,380), saying it sees another three years of strong growth.
In an interview with CNBC-TV18, Ravikant Bhat, Research Analyst at IDBI Capital assessed the Q4 results of Yes Bank and IndusInd Bank.
IndusInd Bank is expected to announce its strategy for the next 3 years as the last planning cycle is ending in FY17.
Speaking to CNBC-TV18, Prakash Diwan said that banks like Yes Bank, IndusInd Bank and Kotak Bank are offering a very different growth trajectory compared to public sector banks.
Speaking to CNBC-TV18, Dipan Mehta, Member of the Bombay Stock Exchange and National Stock Exchange, said that customers had put their faith in these institutions despite domonetisation.
Bank of America Merrill Lynch ratains buy call with a target of Rs 1373 per share. It estimates FY17/18 net profit growth of over 27 percent.
Speaking to CNBC-TV18 Romesh Sobti, MD & CEO of Indusind Bank said that CV sales in November weren‘t as bad as expected. December wasn‘t as bad as forecast.
Private sector lender IndusInd Bank's third quarter (October-December) profit is seen rising 24 percent year-on-year to Rs 720.5 crore, according to average of estimates of analysts polled by CNBC-TV18.
Net interest income of IndusInd Bank is expected at Rs 1388.7 crore (down 4.9 percent Q-o-Q), a jump of 18.3 percent Y-o-Y, says ICICIdirect.
In an interview with CNBC-TV18, market expert Anand Tandon and Mayuresh Joshi of Angel Broking listed their views on the second quarter earnings result of IndusInd Bank and outlined expectations for TCS's upcoming result.
In an interview with CNBC-TV18, Sanjiv Bhasin of IIFL said that these are standout earnings numbers from IndusInd and the bank will continue to command a premium valuation.
Gaurang Shah of BNP Paribas said that the bank has been quite efficient in maintaining its cost of borrowing and cost of lending, which is why the net interest margins (NIMs) have been maintained.
CNBC-TV18's Abhishek tells you what you should expect from IndusInd Bank's Q2 results.
Net interest income of IndusInd Bank is expected at Rs 1417.6 crore (up 4.5 percent Q-o-Q), a jump of 29.5 percent Y-o-Y, says Motilal Oswal Securities.
Ramesh Sobti, MD & CEO of IndusInd Bank is confident of the net interest margin crossing 4 percent in the coming quarters from 3.97 percent posted in the first quarter and 3.94 percent in the same quarter last year.