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Angel Broking has come with its March quarterly earning estimates for banking sector.
Prabhudas Lilladher has come with its March quarterly earning estimates for banking & financial services sector. Asset quality will continue to remain the focus area for banks in Q412.
Hemindra Hazari, head-equity research, Nirmal Bang Institutional Equities believes that because of the rumblings in the eurozone as well as domestic slowdown issues, India's economic slowdown will be prolonged for awhile.
Bank of Baroda expects to maintain its net interest margin, a key gauge of profitability, at about 3% for this fiscal year that ends in March, its chairman said.
Bank of Baroda, second largest public sector lender by market cap, is expected to report a profit after tax of Rs 1,200 crore in the third quarter of FY12, a growth of 12% as compared to Rs 1,069 crore in a year ago quarter.
KRChoksey has come with its December quarterly earning estimates for banking sector. According to the research firm, during Q3FY12, private sector banks continue to show healthy operating performance with earnings expectation of 21.3% y-o-y and 11.8% q-o-q.
Motilal Oswal has come with its December quarterly earning estimates for financial sector.
Angel Broking has come with its quarterly earning estimates for banking sector.
The worst seems over for Indian banks. The third quarter (October-December) earnings, according to analysts tracking banks, would not spring any ugly surprise for them. However, the pressure on profitability would continue on the back of slowing down loan growth, asset quality concern and rising cost of funds.
It was a mixed day for the public sector banks that announced quarterly earnings today.
State-owned Bank of Baroda is expected to report profit after tax of Rs 1,093.2 crore in the second quarter of FY12, a growth of 7.3% as compared to Rs 1,019.3 crore in the corresponding quarter of last fiscal.
Angel Broking has come out with its earning estimates on banking sector for the quarter ended September 2011. According to the research firm, Bank of Baroda (BOB) September quarter operating income is expected to go up by 11% at Rs 3020 crore, year-on-year, (YoY) basis.
Bank of Baroda is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1FY12 net interest income (NII) is seen up 31% at Rs 2436 crore versus Rs 1858 crore.
KRChoksey has come out with its earning estimates on banking sector for the quarter ended June 2011. According to the research firm, Bank of Baroda June quarter net interest income are expected to go up by 44% at Rs 2675crore, year-on-year, (YoY) basis.
Prabhudas Lilladher has come out with its earning estimates on banking sector for the quarter ended June 2011. According to the research firm, Bank of Baroda (BOB) June quarter net interest income are expected to go up by 38.8% at Rs 2579.1crore, year-on-year, (YoY) basis.
The market is not counting on banks in the April-June quarter as net interest margin (NIM), the main barometer to determine banks’ health is expected to record a contraction to the tune of 10-20 basis points. The reason is three-pronged: higher interest rate, muted credit growth and new provisioning norms.
Speaking exclusively to CNBC-TV18 post the Reserve Bank of India’s key rate hikes by 50 bps, Bank of Baroda's executive director RK Bakshi puts across that the bank is through with all rate hikes.
State-run Bank of Baroda reported a jump of 42.8% at Rs 1,294 for quarter-ended March 2011 compared to Rs 906 for same period last year. He says, net interest margins may see further 5-10 bps impact. “I think NIM of around 3.6% is still a good margin to maintain,” he adds.
Bank of Baroda is to announce its fourth quarter FY11 results. According to CNBC-TV18's estimates, the company's Q4 net interest income (NII) are seen up 35% at Rs 2363 crore versus Rs 1745 crore.
Emkay Global Financial Services has come out with its earning estimates on banking sector for the quarter ended March 2011. According to the research firm, Bank of Baroda March quarter net interest income (NII) are expected to go up by 36% at Rs 2373 crore, year-on-year, (YoY) basis.
Sharekhan has come out with its earning estimates on banking sector for the quarter ended March 2011. According to the research firm, Bank of Baroda March quarter net interest income (NII) are expected to go up by 36.3% at Rs 2378 crore, year-on-year, (YoY) basis.
CNBC-TV18's Gopika Gopakumar caught with MD Mallya, chairman and managing director of BoB, to understand how the bank is looking at the fourth quarter.
Country's third largest public sector bank - Bank of Baroda is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up by 19.6% to Rs 996.1 crore from Rs 832.5 crore on year-on-year basis.
KRChoksey has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Bank of Baroda December quarter net interest income (NII) are expected to go up by 33% to Rs 2134 crore, Year-on-Year, (Y-o-Y) basis.
Prabhudas Lilladher has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Bank of Baroda (BOB) December quarter net interest income (NII) are expected to go up by 31.4% at Rs 2103.9 crore, Year-on-Year, (Y-o-Y) basis.