Canara Bank expect 10-11 basis points impact on LCR after the implementation of new norms, K Satyanarayana Raju has said
HDFC Bank's earnings growth is likely to rebound as margins are expected to expand gradually as the bank replaces market borrowings with low-cost deposits.
Analysts believe that the pressure to raise deposits would continue and that would mean banks have to cough up more interest to get depositors. Also, much of the repricing of the loan book in terms of interest rate hikes is over. The upshot is that drag on NII growth would continue.
YES Bank on October 21 reported a 47.4 percent rise in its net profit to Rs 225.21 crore in the second quarter of the current financial year. In the previous quarter last year, net profit of the bank stood at Rs 152.82 crore.
The PAT of the Punjab National Bank fell over just over 44 percent on-year in the reporting quarter to Rs 628.88 crore.
The bank reported a net profit of Rs 2,581 crore during the quarter under review, compared to Rs 2,032 crore in the corresponding quarter last year.
As credit growth surges, banks that have a larger portion of low-cost current and savings accounts would be clear winners amid tightening liquidity.
ICICI Bank’s performance reflects why the bank, once the poster boy for stressed assets, today trades on a par with HDFC Bank, the Mr Consistent of the Indian banking industry
The company is well placed for growth and is a buy at current valuation, says Vaibhav Agrawal of Angel Broking.
The bank is hopeful of net interest income (NII) growth of 15-18% in FY15 given the sustained performance on retail and SME and with hopes of growing large corporate credit said Shyam Srinivasan, MD & CEO, Federal Bank.
Shailendra Bhandari, MD & CEO, ING Vysya Bank says provision cover for the bank remains best in the indsutry at around 89%.
Jammu and Kashmir Bank declared a special dividend of 500 percent and is eyeing 20 percent growth going ahead.