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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.
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.
Angel Broking has come out with its report on banking & financial space. The research firm prefers Axis Bank and ICICI Bank from a valuation perspective.
Even though the banking industry positively surprised the market this time round, Hemindra Hazari of Nirmal Bang Institutional Equities tells CNBC-TV18 that the situation is likely to worsen going forward.
The key takeaway from the ICICI Bank result is that it managed to bring down its gross non-performing asset (NPA), said Vaibhav Agrawal of Angel Broking and Rajiv Mehta, banking analyst of IIFL. Both are of the view that the company has managed to maintain their margins this quarter on the asset as well as deposit side.
Country's largest private sector lender ICICI Bank is expected to report a profit after tax of Rs 1,443 crore in the second quarter of FY12, a growth of 16% as compared to Rs 1,236.3 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.
Angel Broking has come out with its earning estimates on banking sector for the quarter ended September 2011. According to the research firm, ICICI Bank September quarter operating income is expected to go up by 12.3% at Rs 4248 crore, year-on-year, (YoY) basis.
ICICI Bank has declared its first quarter results. The bank is working towards maintaining its margins, said its managing director and chief executive officer Chanda Kochhar in a press conference. She expects 18-20% growth for the year.
ICICI Bank is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1FY12 net interest income (NII) is seen up 22% at Rs 2743 crore versus Rs 1991 crore.
Top lender State Bank of India will likely be alone among major Indian banks to post a fall in profit for the June quarter, on slower credit growth and higher provisions, but margins for most banks may shrink on higher deposit rates.
Angel Broking has come out with its earning estimates on banking sector for the quarter ended June 2011. According to the research firm, ICICI Bank June quarter operating income are expected to go up by 19.4% at Rs 4385crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on banking sector for the quarter ended June 2011. According to the research firm, ICICI Bank June quarter net interest income are expected to go up by 27% at Rs 2520crore, 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, ICICI Bank June quarter net interest income are expected to go up by 19.9% at Rs 2387.4crore, 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.
In an interview with CNBC-TV18, Chanda Kochhar, MD & CEO, ICICI Bank said, "We are very happy to report our performance for this quarter and for this year. For this quarter, we have had a 44% increase in profit after tax at Rs 1,452 crore."
India's second largest lender ICICI Bank is set to report strong growth in the quarter ended March 2011. According to CNBC-TV18 estimates, the bank is expected to post profit after tax of Rs 1,476 crore, a 47% growth as compared to Rs 1,005.6 crore in same quarter the previous year.
Angel Broking has come out with its earning estimates on banking sector for the quarter ended March 2011. According to the research firm, ICICI Bank March quarter net operating income are expected to go up by 6% at Rs 4,163 crore, year-on-year, (YoY) basis.
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, ICICI Bank March quarter net interest income (NII) are expected to go up by 14.5% at Rs 2329.8 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, ICICI Bank March quarter net interest income (NII) are expected to go up by 18.8% at Rs 2418 crore, year-on-year, (YoY) basis.
Unicon Investment has come out with its earning estimates on banking sector for the quarter ended March 2011. According to the research firm, ICICI Bank March quarter net interest income (NII) are expected to go up by 21.4% at Rs 2471.2 crore, year-on-year, (YoY) basis.
Chanda Kochhar, the MD & CEO of ICICI Bank, in an interview with CNBCTV18’s Gopika Gopakumar, spoke about the company’s results and the outlook going ahead.
India's second largest lender ICICI Bank 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 24.8% to Rs 1,374.2 crore in Q3FY11 as against Rs 1,101.1 crore in Q3FY10.