Net Interest Income (NII) is expected to increase by 6.9 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 1,750.7 crore, according to Motilal Oswal.
Indian Bank posted a stellar set of first quarter numbers. Net interest income (NII) growth was the best for the company in recent times and asset quality continues to improve.
Andhra Bank's MD & CEO Suresh Patel says large accounts particularly in the construction and iron and steel are major contributors to slippages.
There will be no major pains with respect to slippages, says Jain. Out of the Rs 825 crore fresh slippages in Q1 of current fiscal, Rs 93 crore was an addition due to existing non-performing assets (NPA). Also there was a Rs 758 crore recovery and upgradation.
The bank will focus on the retail segment and expects 11-12 percent loan growth in FY16, Mahesh Kumar Jain, MD & CEO of Indian Bank said.
The reason for the 4 percent net profit growth was that the bank had to provide depreciation on the investment book because of a spike in the yield curve due to the Greece issue, says M K Jain, MD and CEO of Indian Bank.
Indian Bank reacts positively post numbers; up 3 %
Indian Bank‘s fresh slippages in the third quarter stood at Rs 531 crore against Rs 700 crore quarter-on-quarter.
In an interview to CNBC-TV18, TM Bhasin, CMD, Indian Bank spoke about Q1 numbers and exposure to Lanco Infratech, which has proposed debt recast for loans worth Rs 7500 crore.
TM Bhasin, chairman and MD, Indian Bank says, in an interview to CNBC-TV18, that there will be no cut in lending rates and going ahead, net NPA is expected to be less than 2 percent.
Kotak Securities has come with its March`13 quarterly earning estimates for banking & NBFCS sector. The research firm expects fresh slippages to remain stable QoQ with positive bias for banks under their coverage.
Motilal Oswal has come with its March`13 quarterly earning estimates for financial sector. The research firm expects reforms and monetary easing to continue, thereby growth is expected to revive gradually.
Angel Broking has come with its March`13 quarterly earning estimates for banking sector. The research firm expects private banks to report healthy earnings growth of 23.0 percent yoy, however, the PSU banks with expected earnings decline of 13.1 percent yoy, would drag the overall earnings performance (de-growth of 3.2 percent yoy).
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.
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.
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.
Indian Bank has announced its results for the first quarter. Chairman and managing director TM Bhasin explains to CNBC-TV18 the various aspects of the company‘s performance during the quarter including the significant improvement in asset quality.
Public sector lender Indian Bank is expected to report a growth of 16% year-on-year in its profit after tax of Rs 511 crore for the fourth quarter of FY12.
CNBC-TV18 catches up with T M Bhasin, chairman and managing director of Indian Bank to get a rounded view of the quarterly numbers and the way ahead for the bank.
Public sector lender Indian Bank is expected to report a profit after tax of Rs 542.1 crore in the quarter ended December FY12, rising 10.3% as compared to Rs 491 crore in a year ago quarter.
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.
CMD of Indian Bank, TM Bhasin told CNBC-TV18 that their good profitability came on account of good recoveries in the quarter.
Unicon Investment has come out with its earning estimates on banking sector for the quarter ended September 2011. According to the research firm, Indian Bank September quarter net interest income is expected to go up by 9.6% at Rs 1077.4 crore, year-on-year, (YoY) basis.
Reporting a net profit of Rs 407 crore versus Rs 368 crore, its first quarter results for FY12, chairman and managing director of Indian Bank, TM Bhasin says, “For the year as a whole, we expect the NIMs to be around 3.5%."