Jignesh Shial, research analyst at IDBI Capital Markets said the numbers seem okay. He said the bank‘s profit took a hit on higher provisioning. At an operational level, the performance seems stable, he told CNBC-TV18.
IndusInd Bank matched street expectations on Thursday with the fourth quarter (January-March) net profit rising 25 percent year-on-year to Rs 495.3 crore.
India's second largest private sector lender HDFC Bank met street expectations with the second quarter net profit rising 20.1 percent to Rs 2,380 crore compared to Rs 1,982 crore in same quarter last year supported by higher other income and net interest income by impacted by higher provisions.
Punjab National Bank missed street expectations on all parameters with the second quarter net profit rising 13.8 percent as against expected growth of 142 percent as provisions remained at elevated levels
According to Vaibhav Agrawal, the gross NPA increase of about 10 percent looks slightly better than expectations considering that BoB's run rate in the past few quarters has been much worse.
Market experts say that quarterly earnings posted by Punjab National Bank were way below estimates. They also cite high provisions as being the problem for the mismatch.
Hatim Broachwala of Karvy told CNBC-TV18, the results of BoB were poor than expectations. The profits despite a lower tax rate were below expectations. Even on the asset quality front, the slippages were higher, he added.
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.