The bond issuances along with commercial paper (CP) has increased substantially in the first half as the credit offtake to the industry sector has been low in the banking system, Rajesh Mokashi, MD & CEO, CARE Ratings.
Net Interest Income is expected to increase by 49.2 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 85.3 crore, according to Centrum.
The company's net profit fell 27.77 percent to Rs 37.85 crore during the second quarter ended September 30. The ratings agency had clocked a net profit of Rs 52.41 crore during the corresponding period of previous fiscal
In an interview to CNBC-TV18, DR Dogra, MD & CEO, CARE Ratings, discusses the company's fourth quarter earnings and its future outlook.
DR Dogra, MD and CEO, CARE Ratings says the company had a good quarter on stabilising credit growth. He adds that the second half earnings of the fiscal year will be better than the first half.
CARE would be conducting surveillance for more than 5,000 companies, which will certainly its topline in good order, says MD & CEO DR Dogra.
CARE Ratings has come out with its corporate results for Q3-FY13. According to the rating agency, net profit margin improved to 10.1% in the third quarter of the current financial year as against 8.1% in the corresponding quarter of the previous year. This was a result of growth in net profit being higher than that in sales.
In an interview to CNBC-TV18, BK Batra, deputy managing director, IDBI Bank gives his views on the bank's Q3 performance. The bank's third quarter (October-December) net profit rose marginally just by 2% year-on-year.