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In an interview to CNBC-TV18 Rajiv Mehta, analyst, IIFL India shared his outlook on banking stocks. He reviewed the financial performance of stocks like Bank of Baroda and Allahabad Bank.
In an interview to CNBC-TV18 MB Mahesh, analyst, Kotak Institutional Equities shared his reading on the first quarter earnings of various private and public sector banks like ICICI Bank, Union Bank of India, HDFC Bank, Punjab National Bank and State Bank of India.
ICICI Bank's MD & CEO Chanda Kochhar says that they aim to maintain net interet margins above 3% for the year, and see the loan book growing at 20%.
Vaibhav Agrawal, Banking Analyst at Angel Broking gives his opinion on the first quarter results of banks in an interview with CNBC-TV18. Agrawal feels ICICI Bank has maintained its good performance and has continued to offer a pleasant surprise with encouraging numbers in operating margin and asset quality.
The restructured loan book coupled with the outlook in loan growth is the combination of factors that will drive India‘s second largest bank‘s (in terms of asset size) first quarter earnings to be announced on Friday.
Prabhudas Lilladher has come with its June quarterly earning estimates for banking & financial services sector. According to the research firm, Q1FY13 will be a relatively strong operating quarter for financials with ~22%/ 21% y/y PPOP and net profit growth.
Dolat Capital has come with its June quarterly earning estimates for banking sector. According to the research firm, banks are likely to post 27% YoY growth in PAT for Q1FY13.
Indian corporate earnings results for Jan-March 'should be weak', warns Bank of America-Merrill Lynch, adding that it sees potential for a market correction.
Angel Broking has come out with its June quarterly earning estimates for banking sector. The research firm expects margins to come under pressure in 1HFY2013.
Emkay Global Financial Services has come with its June quarterly earning estimates for Banking and Financial Services sector. According to the research firm, lower NII growth is expected to be driven by sluggish advance growth and 5-15 bps contraction in NIMs led by decline in yield on assets and cost pressures.
Private sector banks continue to be the preferred bet over their peers in public sector space in the April-June quarter of the financial year 2012-13. While the former is likely to post a net profit growth of more than 20% year-on-year, the latter's net profit would grow at a slower pace of around 15% on an average barring SBI.
ICICI Bank declared its fourth quarter results. Rajiv Mehta, IT analyst of IIFL India says, there is a case for urgent re-rating of ICICI Bank. "It remains our top pick in the sector. Our target price is Rs 1,200," he adds.
Aided by higher interest income and other income growth, India's largest private sector lender ICICI Bank on Friday reported a forecast beating 31% year-on-year jump in its fourth quarter (Jan-March) net profit at Rs 1,902 crore.
Hemindra Hazari of Nirmal Bang Institutional Equities is worried that ICICI Bank's corporate loan book will pressure margins in the future.
In an interview to CNBC-TV18, Vaibhav Agrawal, banking analyst of Angel Broking says, ICICI Bank's bottom-line is better than his expectations.
ICICI Bank, country's largest private sector lender is expected to report a massive growth of 22% year-on-year in its profit after tax of Rs 1,768 crore for the fourth quarter of FY12, according to CNBC-TV18.
ICICI Bank's net interest income of the bank is likely to grow by 14.5% to Rs 2,876.3 crore in the January-March quarter of 2012 versus Rs 2,509.7 crore in a year ago period.
Banks are likely to post strong bottom line growth on the back of lower base. However, the pipeline of restructured assets will be a key trigger for their share prices to react, said banking analysts adding that the level of non performing assets (NPAs) may have stabilized for private sector banks.
Angel Broking has come out with its earnings estimates on ICICI Bank for March FY12. According to the research firm, company's Q4FY12 operating income is likely to go up by 17.5% at Rs 4875 crore, Year-on-Year (YoY) basis.
Angel Broking has come with its March quarterly earning estimates for banking sector.
Prabhudas Lilladher has come with its March quarterly earning estimates for banking & financial services sector. Asset quality will continue to remain the focus area for banks in Q412.
In an interview to CNBC-TV18, Vaibhav Agrawal, banking analyst of Angel Broking speaks about UCO Bank’s and ICICI Bank’s Q3 numbers and gives his outlook going forward.
Vaibhav Aggarwal of Angel Broking tells CNBC-TV18 his reaction to the numbers reported by ICICI Bank and what his price target is for the stock.
Country's second largest lender ICICI Bank is expected to report a profit-after-tax (PAT) of Rs 1,621 crore in the third quarter of FY12, according to a CNBC-TV18 poll.
Country's second largest lender ICICI Bank is expected to report a profit after tax of Rs 1,621 crore in the third quarter of FY12, according to a CNBC-TV18 poll. This translates into an increase of 13% as compared to Rs 1,437 crore in the corresponding quarter of last fiscal.