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Unsecured retail has bounced back; gold loans are keeping up pace and MSME lending is the mantra for banks in Q1
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Private banks, which have higher exposure to private sector employees, particularly those from IT, have witnessed an 8-12 percent contraction in their FY26 EPS estimates.
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There has been greater pressure on banks' NIMs due to a downward repricing of External Benchmark Lending Rates amid front loading of rate cuts by the Reserve Bank of India in the last three monetary policies
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Banks’ credit increased by 11.8% year-on-year last month, slower than the 16.5% rise in November 2023, excluding the impact of HDFC Bank’s merger with its parent Housing Development Finance Corp, according to RBI data released late on Tuesday.
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The outstanding credit was Rs 1.40 lakh crore at the end of June 30, 2022, BoM said in a regulatory filing.
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The Exim Bank deputy managing director is planning to raise $4 billion in foreign currency in FY24.
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Bank's endeavour will be to keep reinventing itself by building on its strengths as per emerging industry landscape and changing customer needs, the annual report said.
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The comments come even as the banking sector is in a cautious mode when it comes to fresh corporate lending and bad loan resolution.
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Kotak Mahindra Bank has been nibbling on unsecured loans since FY22 and now has taken big bites in this segment. It aims to increase the share of such loans from the current 10 percent to the mid-teens.
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In Apr-Jan of FY2023, out of a Rs 100 deposit, Rs 37 went towards services, such as transport, trade, and so on. While Rs 14.07 went to agriculture, Rs 10.58 went to the industry. Since banks could not meet the growing demand for loans from deposits alone, they resorted to borrowings as well.
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At November 25 market price, PNB’s 15 percent stake in the AMC will be worth about Rs 1,376 crore. Analysts point out that PNB has fallen short of peers when it comes to improvement in asset quality. For the July-September quarter of FY23, the bank reported a net profit of Rs 410 crore, which was lower than Street estimates.
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When banks come out of events like a recession or a slowdown, re-rating is based on asset quality level and revenue growth, Kariwala said.
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Mere headline numbers do not tell the complete story. What is interesting is how banks have brought down their dud loans. Read on
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Sanjiv Chadha on the bank’s outlook for credit-deposit growth, assessment of asset quality, the impact of rate hikes on loan demand and more…
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The country's largest lender is seeing demand from infrastructure, renewable power, oil and marketing companies and services sectors, he added
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SBI’s profit after tax jumped 74 percent to Rs 13,265 crore in the July-September quarter, up from Rs 7,627 crore in the same quarter of the previous financial year
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Apart from maintaining asset quality, South Indian Bank is also expecting to clock 12-13 percent credit growth in FY23, said Managing Director Murali Ramakrishnan
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The bank’s profit after tax grew 70 percent year-on-year to Rs 5,330 crore in the July-September quarter, up from Rs 3,133 crore in the same quarter of the previous financial year
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HDFC Bank Q2 result: The bank’s profit after tax grew by 20.1 percent year-on-year to Rs 10,605.8 crore in the July-September quarter, up from Rs 8,834.3 crore in the year-ago period, topping analysts’ estimates
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The bank’s expansion through new branches and expenses on digital capabilities could put pressure on operating profit growth.
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Top banks, including State Bank of India, HDFC Bank, IndusInd Bank and Yes Bank, have reported a double-digit increase in loan growth for the second quarter on a year-on-year basis. Deposit growth has also been strong
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Sanjiv Chadha on Bank of Baroda’s business outlook for FY23, how the lender plans to capitalise on retail loan growth momentum, expectations from RBI policy and more..
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A recession may seem imminent in the US but signs of contraction are yet to show up on the balance sheets of banks there.
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Companies are steadily drawing down from a $71-billion loan pipeline, Dinesh Kumar Khara, chairman of State Bank of India, says. Loan growth at the 216-year-old lender is expected to be robust, underpinned by demand from businesses after two straight years of credit contraction
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HDFC’s resilient performance in FY21 makes it a must-own financial behemoth. We believe the subsidiaries and associate companies will drive the stock higher. Reasonable valuations make it a must-have financial powerhouse.
