The net profit for State Bank of Travancore in Q4 is at Rs 192 crore v/s Rs 48.6 crore on year on year basis and the net interest income for Q4 is at Rs 581crore against Rs 615 crore on year on year basis.
Axis Bank's strong set of numbers were in line with estimates, analysts told CNBC-TV18. Shares are currently close to being fairly valued, they added.
Investors should focus on Bank of Baroda's operating performance as its earnings- before interest, taxes, depreciation and amortization (EBITDA) increased even though net profits fell due to higher provisions, executive director P Srinivas told CNBC-TV18‘s Gopika Gopakumar in an interaction.
In an interview to CNBC-TV18, P Sitaram, chief finance officer, IDBI Bank says that he expects lending rates to come down in the medium term.
Ratings agency ICRA today said the asset quality of banks could deteriorate further to 2.7% of total advances in the current fiscal due to pressure on interest rates.