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Bank of America Merrill Lynch ratains buy call with a target of Rs 1373 per share. It estimates FY17/18 net profit growth of over 27 percent.
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.
Private sector lender IndusInd Bank's third quarter (October-December) profit is seen rising 24 percent year-on-year to Rs 720.5 crore, according to average of estimates of analysts polled by CNBC-TV18.
Net interest income of IndusInd Bank is expected at Rs 1388.7 crore (down 4.9 percent Q-o-Q), a jump of 18.3 percent Y-o-Y, says ICICIdirect.
In an interview with CNBC-TV18, market expert Anand Tandon and Mayuresh Joshi of Angel Broking listed their views on the second quarter earnings result of IndusInd Bank and outlined expectations for TCS's upcoming result.
In an interview with CNBC-TV18, Sanjiv Bhasin of IIFL said that these are standout earnings numbers from IndusInd and the bank will continue to command a premium valuation.
Gaurang Shah of BNP Paribas said that the bank has been quite efficient in maintaining its cost of borrowing and cost of lending, which is why the net interest margins (NIMs) have been maintained.
CNBC-TV18's Abhishek tells you what you should expect from IndusInd Bank's Q2 results.
Net interest income of IndusInd Bank is expected at Rs 1417.6 crore (up 4.5 percent Q-o-Q), a jump of 29.5 percent Y-o-Y, says Motilal Oswal Securities.
Ramesh Sobti, MD & CEO of IndusInd Bank is confident of the net interest margin crossing 4 percent in the coming quarters from 3.97 percent posted in the first quarter and 3.94 percent in the same quarter last year.
Rajiv Mehta of IIFL says Q1FY17 numbers for IndusInd Bank are robust and stable on every front.
In an interview with CNBC-TV18, Ravikant Bhat, Research Analyst at IDBI Capital, talked about his expectations from IndusInd Bank's first quarter numbers and explained why it continues to remain his top stock pick in private sector banks.
Net interest income is expected to increase by 4.4 percent Q-o-Q (up 35 percent Y-o-Y) to Rs 1323.9 crore, according to KR Choksey.
Analysts say the stock may react positively if gross non-performing assets remain below 1 percent (0.87 percent in Q4), credit cost below 20 basis points (17 bps in Q4) and net interest margin comes above 3.9 percent (3.94 percent in Q4).
Findings reveal Indiabulls and Bharti Infratel are topping the list of operators on Dalal Street with most exposure.
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.
A marginal rise in provisioning and a slight deterioration in gross NPL of IndusInd Bank was expected given the economic environment and should be taken positively as the corporate portfolios of all the banks are under considerable pressure, says Hemindra Hazari, Independent Market Expert.
IndusInd Bank's net interest income is seen going up 33 percent to Rs 1,230.6 crore in January-March quarter compared to Rs 925.1 crore in year-ago period, led by loan growth that is expected to be very healthy (factoring in the acquisition of RBS' diamond financing business).
Romesh Sobti, MD & CEO expects loan book to grow at 25-30 percent with uptick in both vehicle and non-vehicle segments.
Net interest income, the difference between interest earned and interest expended, may grow 30.5 percent to Rs 1,124.5 crore during the quarter compared to Rs 861.4 crore in year-ago period.
In an interview to CNBC-TV18, Nischal Maheshwari, Co-Head, Institutional Equities & Head-Research at Edelweiss Securities shared his readings and outlook on the upcoming earning season.
Net interest income, the difference between interest earned and interest expended, may grow 29.4 percent to Rs 1,078.22 crore from Rs 833 crore during the same period.
Vaibhav Agrawal of Angel Broking is very bullish on ICICI Bank with a target price of Rs 370.
Romesh Sobti, MD and CEO, IndusInd Bank, says not just on the profit front, the bank's loan growth too rose 23 percent versus industry growth at 9.3 percent.
Its net interest income (NII) is seen growing 21.75 percent at Rs 975.24 crore against Rs 801 crore year-on-year. NIMs may come in at 3.65 percent while provision may decrease to Rs 97.4 crore versus Rs 107.44 crore on sequential basis.