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Public sector banks like Punjab National Bank, Union Bank of India and Allahabad Bank have seen stabilization and asset quality in the third quarter, which is reassuring for the entire PSU banking space.
In an interview with CNBC-TV18, Vaibhav Agrawal of Angel Broking reviewed ICICI Bank, Punjab National Bank (PNB) and Union Bank‘s results.
In an interview to CNBC-TV18, Hatim Broachwala of Karvy reviewed ICICI Bank‘s Q3 numbers. Broachwala said that ICICI Bank's results are above expectations. It has shown a credit growth of 18 percent.
Country's largest private sector lender ICICI Bank is set to declare its results for the third quarter of financial year 2012-13 on Thursday. Analysts on an average expect profit after tax of the bank to grow by 20 percent year-on-year to Rs 2,077 crore in the quarter.
In an interview to CNBC-TV18 Rajiv Mehta of IIFL India said that the broking firm is bullish on Indian banking sector particularly private banks.
Nirmal Bang has come with its December`12 quarterly earning estimates for banking sector. In 3QFY13, there exists a possibility of treasury profits and write-back of depreciation on investments, which we have not factored in on account of movement of yields and open market operations (OMO) conducted by the Reserve Bank of India (RBI).
Motilal Oswal has come with its December`12 quarterly earning estimates for banking sector. The research firm expects RBI to start cutting interest rates from 4QFY13.
Banks are unlikely to spring any surprise, be it positive or negative in their third quarter (October-December) earnings in 2012-13. Private sector lenders continue to be preferred over their public sector peers.
Angel Broking has come with its December`12 quarterly earning estimates for banking sector. The research firm continues to prefer private banks, given their stronger capital adequacy and growth prospects as well as cyclically better asset quality profile, with Yes Bank, Axis Bank and ICICI Bank being top picks.
With the September quarter earnings season just concluded, analysts are now taking stock of the numbers, and the hits and misses.
Private sector banks like Axis Bank, Yes Bank and ICICI Bank have declared their second quarter results. Vishal Goyal, executive director of UBS Securities says the numbers were good
As expected, India‘s top three private sector lenders continued to be in favour with investors post second quarter earnings. Even as fear of bad loans looming large, these lenders managed to retain their asset quality and recorded better-than-expected non-performing assets.
India's largest private sector lender ICICI Bank on Friday reported a forecast beating 30% year-on-year jump in its second quarter net profit at Rs 1,956 crore in 2012-13, bolstered by robust loan growth and other income. Net interest income or the difference between interest earned and paid out, grew 35% to Rs 3,371 crore.
After announcing ICICI Bank's quarterly results to the press, MD and CEO Chanda Kochhar explains on CNBC-TV18 that the bank expects no negative surprise from the infrastructure sector. Kochhar adds that the bank has placed current focus on the savings-account customer by launching a programme that rewards every savings-account transaction.
mindra Hazari of Nirmal Bang Securities believes an aggressive growth in its credit profile have resulted in PNB's declining profits. However, he is surprised with ICICI Bank's performance. But, he holds a sell on banking stocks because they are lending to the same set of corporates.
In an interview to CNBC-TV18, Sampath Kumar of IIFL Institutional Equities outlined his expectations from private sector lender ICICI Bank's second quarter earnings. He also shared his outlook on other banking stocks like PNB and SBI.
Country's largest private sector lender ICICI Bank is set to declare its second quarter numbers for the current financial year 2012-13 today. Analysts on an average expect the company's profit after tax to grow by 22 percent year-on-year to Rs 1,829 crore for the quarter.
In an interview to CNBC-TV18 Vaibhav Agrawal of Angel Broking reviews the financial performance of various banks in the second quarter.
In an interview to CNBC-TV18, Vaibhav Agrawal of Angel Broking analysed Axis Bank second quarter results. He also gave a preview of the other numbers expected this week.
Motilal Oswal has come with its September quarterly earning estimates for Financials sector. According to the research firm, banking coverage universe is expected to report healthy PAT growth of 19% YoY, largely driven by 23% YoY profit growth from private sector banks.
Emkay Global Financial Services has come with its September quarterly earning estimates for Banking and Financial Services sector. According to the research firm, top picks for the quarterly results - HDFC Bank, ICICI Bank and United bank in banking space. Mahindra Finance and CRISIL are our top picks in NBFC space.
Vijay Sarathi, banking analyst at Nomura India says for PSU banks incremental delinquencies will be at the same levels where they were in Q1 of FY13.
Dolat Capital has come with its September`12 quarterly earning estimates for financial sector. According to the research firm banks‘ asset quality would remain under stress particularly for state-owned banks.
Angel Broking has come with its September`12 quarterly earning estimates for banking sector. According to the research firm banking stocks remained under stress on increased asset quality concerns.
All listed companies will declare their results for the quarter ending September 30, 2012. In an interview to CNBC-TV18, Vaibhav Agrawal of Angel Broking speaks about his expectations from the banking sector.