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.
Watch the interview of Nilesh Parikh, Associate Director at Edelweiss Securities with Latha Venkatesh, Sonia Shenoy & Anuj Singhal on CNBC-TV18.
Prakash Diwan of Altamount Capital Management says he is worried on two parameters â€“ One is there is yet no visibility of softening in the net non-performing assets (NPAs). Two, lack of credit growth is becoming a big concern.
Purohit says PNB Housing Finance's listing is decent and adds that the company has enough capital and scope to move to large-scale operations. But with respect to the company's lag structure, he says PNB HF lags behind.
Slippage in Q2 from watchlist will be seen closely. Provisions may remain elevated in Q2 despite stake sale in ICICI Pru life. Q1 provision was at Rs 2514.5 crore while ICICI had created contingent provision in Q4FY16 of which Rs 2734.6 crore is available with them after Q1.
Net Interest Income is expected to increase by 3.8 percent Q-o-Q (up 2 percent Y-o-Y) to Rs 5356.5 crore, according to KR Choksey.
Net Interest Income is expected to increase by 3.2 percent Q-o-Q (up 1.4 percent Y-o-Y) to Rs 5325.2 crore, according to Centrum.
In CNBC-TV18's 'Bull versus Bear' segment, SP Tulsian and Mayuresh Joshi argue about the pros and cons attached to the stock.
Nilesh Parikh of Edelweiss Securities is not too perturbed with the disappointing first quarter ICICI Bank numbers and still has a buy rating on the stock.
Reacting to the news, Siddharth Purohit, Senior Research Analyst at Angel Broking, said that the reported numbers look decent. Surprisingly, gross NPA numbers haven't gone up in percentage and absolute terms, he said. There could have been some upgradation, he said.
Key things to watch out for would be slippages from restructured book (which was Rs 2,724 crore in Q4), asset quality, management commentary on scheme for sustainable structuring of stressed assets (S4A) and watchlist (which was at Rs 44,000 crore in Q4FY16) for the quarter.
In an interview with CNBC-TV18, Andhra Bank MD and CEO Suresh N Patel said the bank had fully complied with the Reserve Bank of India's asset quality review guidelines that had called for stricter provisioning of doubtful accounts.
SP Tulsian in an interview to CNBC-TV18 shared his fundamental view on stocks that posted earnings like TVS Motors, ICICI Bank, MRF, CCL and others.
No negative surprises from the results and the loan book to grow by 15-16 percent in FY17, Deven Choksey, MD at KRChoksey.
ICICI Bank reported a disappointing fourth quarter result on Friday, where profits fell 76 percent to Rs 702 crore year-on-year (YoY), majorly hit by an exceptional provisioning of Rs 3,600 crore.
The Rs 3,600 crore worth of collective contingency and related reserves will help the bank pull down its credit cost in FY17, says Nitin Kumar, Analyst from Prabhudas Liladher. But Bajrang Bafna of Sunidhi Securities says he isn't sure whether the worst is over for banks in general.
There will be more stress on asset quality this quarter, says Siddharth Purohit of Angel Broking.
Stress seen on book due to asset quality review (AQR) pending Rs 4384 crore, pipeline of 5:25 cases stands at Rs 700 crore, strategic debt restructuring (SDR) pipeline was at Rs 1200 crore.
The bank announced its fourth quarter earnings on Tuesday when Deputy MD of the bank V Srinivasan said that elevated levels of stress on asset quality will remain a key concern for the company and expects the bank's credit cost to be around 125 basis points.
Gaurang Shah, vice president at Geojit BNP Paribas Financial Services, in an interview to CNBC-TV18, expressed his opinion on the upcoming results and expected impact on stock prices of companies like Maruti Suzuki, Axis Bank, ICICI Bank and few others.
In an interview with CNBC-TV18, Ravikant Bhat, Research Analyst, IDBI Capital, discussed his view on a Yes Bank and ICICI Bank, both of which recently reported quarterly earnings. Yes and ICICI posted a contrasting set of earnings.
CLSA maintains buy rating with a target of Rs 320 per share stating that credit costs drove earnings cut but valuations are attractive. The brokerage has reduced earnings forecasts for FY17-18 by 7-10 percent considering higher credit costs and states upside could arise from profit on sale of stakes in subsidiaries.
In the near-term, Suresh Ganapathy of Macquarie Capital Securities does not see any re-rating catalyst. He believes the fundamental value of ICICI Bank is at Rs 240-250 per share.
According to market expert Prakash Diwan, the fact that ICICI Bank is virtually into every spectrum of lending, it gets impacted in the downturn much more severely than some of the other private sector banks which have niches which they have carved out.
According to CNBC-TV18 poll, profit is likely to increase 5.4 percent year-on-year to Rs 3,044 crore (against 12 percent growth in Q2 and Q1) and net interest income may grow 12.1 percent to Rs 5,392 crore during October-December quarter.