Net Interest Income (NII) is expected to increase by 16.7 percent Y-o-Y (up 3.4 percent Q-o-Q) to Rs. 1,193.5 crore, according to ICICI Direct.
Net Interest Income (NII) is expected to increase by 7.9 percent Y-o-Y (down 3.6 percent Q-o-Q) to Rs. 1,058 crore, according to Sharekhan.
Net Interest Income (NII) is expected to increase by 13 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 1,106.7 crore, according to Kotak.
While the performance is commendable in most areas, garnering low-cost deposits remains an area of focus
Net Interest Income (NII) is expected to increase by 20.9 percent Y-o-Y (up 4.7 percent Q-o-Q) to Rs. 1,127.8 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to decrease by 6 percent Y-o-Y (up 0.3 percent Q-o-Q) to Rs. 2,880.9 crore, according to Kotak.
Net Interest Income (NII) is expected to increase by 20.7 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 1,126.8 crore, according to Kotak.
Net Interest Income (NII) is expected to increase by 10.9 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 1,053.5 crore, according to Sharekhan.
Net Interest Income (NII) is expected to increase by 13.7 percent Y-o-Y (up 5.7 percent Q-o-Q) to Rs. 1,080.5 crore, according to Kotak.
We see a lot of comfort in the current valuation at 1.1 times FY20 estimated book and recommend accumulating the stock in the current weak market
We are comforted by the progress in Q1FY19 and the management guidance and feel that the valuation is still undemanding in the context of the long growth journey ahead.
The stock correction has rendered the valuation reasonable and we expect the near-term weakness to provide opportunity to buy into a decent dynamic private sector entity like Federal Bank for long-term.
The bank posted a 26.43 percent rise in net profit at Rs 260.01 crore for the third quarter ended December 31, 2017. The private sector lender had recorded a net profit of Rs 205.65 crore in the same quarter previous fiscal.
In an interview to CNBC-TV18, Shyam Srinivasan, MD & CEO, Federal Bank spoke about the Q3 results and his outlook for the company.
The loan book market share has crossed 1 percent of the industry, said Shyam Srinivasan, MD & CEO, Federal Bank.
Net interest income, the difference between interest earned and interest expended, may grow 24.4 percent to Rs 852.3 crore from Rs 685 crore year-on-year.
According to analysts polled by CNBC-TV18 see the bank posting net profit of Rs 219.6 crore against Rs 10.3 crore, a rise of over 2,000 percent due to a lower base effect.
HDFC Bank profit in third quarter grew by 15 percent to Rs 3,865.3 crore compared with Rs 3,356.84 crore in year-ago period. Net interest income increased 17.5 percent year-on-year to Rs 8,309 crore in the quarter gone by.
Speaking to CNBC-TV18 Shyam Srinivasan, Managing Director & Chief Executive Officer, Federal Bank said that the quarter was a good quarter in which they saw 32 percent credit growth on a year on year basis.
Speaking to CNBC-TV18, Nilesh Parikh, Associate Director at financial services firm Edelweiss Securities, says he expects strong numbers from Yes Bank in the third quarter.
Kerala-based private sector lender Federal Bank's third quarter profit is likely to increase sharply by 27.7 percent year-on-year to Rs Rs 207.8 crore, according to average of estimates of analysts polled by CNBC-TV18.
The bank reported a 18.3 percent rise in net profit to Rs 167 crore in the first quarter while the gross non-performing assets (NPA) grew to 2.92 percent as against 2.84 percent quarter-on-quarter.
Key things to watch out for would be net interest margin, gross non-performing assets and credit cost.
Federal Bank's major challenge has been its restructured book. But it has come down to Rs 1500 crore in the fourth quarter of FY16 from Rs 2300 crore.