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The Street expects the net interest margins to be under pressure as repo rate hikes by the RBI have been paused but deposit cost increase is catching up.
Net Interest Income (NII) is expected to increase by 9.6 percent Y-o-Y (up 0.5 percent Q-o-Q) to Rs. 615.8 crore, according to Emkay Research.
We expect KVB to be a survivor, albeit with a challenging and tepid growth outlook in the near term
Net Interest Income (NII) is expected to increase by 6 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 615.7 crore, according to Kotak.
Net Interest Income (NII) is expected to decrease by 7.5 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs. 594.8 crore, according to Kotak.
Net Interest Income (NII) is expected to increase by 6 percent Y-o-Y (up 2.8 percent Q-o-Q) to Rs. 595.4 crore, according to Kotak.
Elara Capital does not expect any new large corporate loan account to slip barring re-classification of IL&FS
According to analysts, loan growth may take a hit and slippages are expected to remain elevated.
Loan growth may take a hit during the quarter, analysts feel.
Private sector lender Karur Vysya Bank's third quarter profit is seen falling 12.5 percent year-on-year to Rs 133.7 crore and net interest income may decline 10.2 percent to Rs 494.1 crore, according to average of estimates of analysts polled by CNBC-TV18.
Private sector lender Karur Vysya Bank's second quarter profit is seen rising 7.9 percent year-on-year to Rs 153.4 crore and net interest income may grow 12.2 percent to Rs 490.9 crore, according to analysts polled by CNBC-TV18.
The bank reported stable first quarter numbers with 8.7 percent rise in net profit to Rs 146.3 crore while the net interest income rose 13.7 percent to Rs 481.1 crore. Gross non-performing assets (NPA) for Q1 were 1.79 percent as against 1.3 percent quarter-on-quarter.
The bank‘s MD & CEO, K Venkataraman told CNBC-TV18 that in Q2, there were no major slippages and only one account was restructured under the 5:25 scheme.
According to Dolat Capital, Karur Vysya Bank to report a 3 percent growth quarter-on-quarter (down 7 percent Y-o-Y) in net profit at Rs 123.5 crore.
G Chokkalingam, Centrum Wealth Management shared his readings and outlook on the Q3 earnings in an interview to CNBC-TV18. According to their report, midcap and smallcap companies have shown more winners than Nifty companies.
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.
Karur Vysya Bank delivered strong numbers in terms of topline and bottomline for the first quarter of FY13, however, asset quality pressures drove up their gross non-performing loans.
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.
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.
Karur Vysya Bank has posted about 35% growth in deposits, advances and the overall business. K Venkataraman, managing director and chief executive officer of the bank spoke to CNBC-TV18 about the prospects going ahead and gave an insight into the third quarter numbers.
K Venkatraman foresees additional pressure coming in on the bank's net interest margin post 50bps interest rate hike announced by the central bank on July 26. However, the bank would protect its margins to the possible extent.
In an interview with CNBC-TV18, PT Kuppuswamy, Chairman, Karur Vysya Bank spoke about the bank's quarterly performance. The banks's NIMs in Q4 stood at 3.39% and the bank hopes to maintain NIM at the current level.
Karvy Stock Broking has come out with its earning estimates on banking sector for the quarter ended December 2010. According to the research firm, Karur Vysya Bank December quarter net interest income (NII) are expected to go up by 24.3% to Rs 187.9 crore, Year-on-Year, (Y-o-Y) basis.