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In an interview to CNBC-TV18, SS Mundra, chairman & managing director, Bank of Baroda gives his views on the bank's Q3 performance.
Hatim Broachwala of Karvy told CNBC-TV18, the results of BoB were poor than expectations. The profits despite a lower tax rate were below expectations. Even on the asset quality front, the slippages were higher, he added.
Public sector lender Bank of Baroda is set to declare its results for the third quarter of financial year 2012-13. Analysts on average expect profit after tax of the bank to fall by 4 percent year-on-year to Rs 1,239 crore in the quarter due to higher provisions on restructured assets.
Nirmal Bang has come with its December`12 quarterly earning estimates for banking sector. In 3QFY13, there exists a possibility of treasury profits and write-back of depreciation on investments, which we have not factored in on account of movement of yields and open market operations (OMO) conducted by the Reserve Bank of India (RBI).
Motilal Oswal has come with its December`12 quarterly earning estimates for banking sector. The research firm expects RBI to start cutting interest rates from 4QFY13.
Angel Broking has come with its December`12 quarterly earning estimates for banking sector. The research firm continues to prefer private banks, given their stronger capital adequacy and growth prospects as well as cyclically better asset quality profile, with Yes Bank, Axis Bank and ICICI Bank being top picks.
In an interview to CNBC-TV18 Suresh Ganapathy of Macquarie reviewed the second quarter financial performance of various public and private sector banks.
In an interview to CNBC-TV18 Vaibhav Agrawal of Angel Broking reviews the financial performance of various banks in the second quarter.
In an interview to CNBC-TV18, Vaibhav Agrawal of Angel Broking analysed Axis Bank second quarter results. He also gave a preview of the other numbers expected this week.
Motilal Oswal has come with its September quarterly earning estimates for Financials sector. According to the research firm, banking coverage universe is expected to report healthy PAT growth of 19% YoY, largely driven by 23% YoY profit growth from private sector banks.
Emkay Global Financial Services has come with its September quarterly earning estimates for Banking and Financial Services sector. According to the research firm, top picks for the quarterly results - HDFC Bank, ICICI Bank and United bank in banking space. Mahindra Finance and CRISIL are our top picks in NBFC space.
Vijay Sarathi, banking analyst at Nomura India says for PSU banks incremental delinquencies will be at the same levels where they were in Q1 of FY13.
Angel Broking has come with its September`12 quarterly earning estimates for banking sector. According to the research firm banking stocks remained under stress on increased asset quality concerns.
In an interview to CNBC-TV18 Rajiv Mehta, analyst, IIFL India shared his outlook on banking stocks. He reviewed the financial performance of stocks like Bank of Baroda and Allahabad Bank.
MD Mallya, chairman and managing director, Bank of Baroda says, "Global NIMs have been around 2.73%. The guidance would be in the same range 2.7% to 2.75% in the second quarter or maybe the current fiscal is concerned."
Public sector lender Bank of Baroda will announce its results today for the quarter ended June 2012. Analysts on an average expect the profit after tax to grow by 4% year-on-year to Rs 1,071 crore in the quarter.
Prabhudas Lilladher has come with its June quarterly earning estimates for banking & financial services sector. According to the research firm, Q1FY13 will be a relatively strong operating quarter for financials with ~22%/ 21% y/y PPOP and net profit growth.
Angel Broking has come out with its June quarterly earning estimates for banking sector. The research firm expects margins to come under pressure in 1HFY2013.
Emkay Global Financial Services has come with its June quarterly earning estimates for Banking and Financial Services sector. According to the research firm, lower NII growth is expected to be driven by sluggish advance growth and 5-15 bps contraction in NIMs led by decline in yield on assets and cost pressures.
Private sector banks continue to be the preferred bet over their peers in public sector space in the April-June quarter of the financial year 2012-13. While the former is likely to post a net profit growth of more than 20% year-on-year, the latter's net profit would grow at a slower pace of around 15% on an average barring SBI.
Banks have reacted in very different way to their results this quarter. In an interview to CNBC-TV18, Hemindra Hazari, head-equity research of Nirmal Bang Institutional Equities says, it's likely that banks earnings will start decelerating.
In an interview to CNBC-TV18, Rajiv Mehta, banking analyst of IIFL India, gives his views on Bank of Baroda's, Allahabad Bank's and Andhra Bank's fourth quarter results and outlook going forward.
MD Mallya, CMD of Bank of Baroda says the bank has made incremental provision of Rs 325 crore.
Bank of Baroda is to announce its fourth quarter results. According to CNBC-TV18‘s estimates, the company‘s Q4 net interest income (NII) is up 4% Rs 2724 crore versus Rs 2614.
Banks are likely to post strong bottom line growth on the back of lower base. However, the pipeline of restructured assets will be a key trigger for their share prices to react, said banking analysts adding that the level of non performing assets (NPAs) may have stabilized for private sector banks.