Discussing the second quarter numbers in details, Managing Director Pawan Kumar Bajaj of United Bank of India said the quarter gone by saw improvement in recoveries and expect them to improve further in quarters ahead.
The growth momentum of the bank will continue to be supported by stable asset quality and branch expansions, said Murali M Natrajan, MD & CEO, DCB Bank, in an interview to CNBC-TV18.
Speaking on the first quarter the performance and the outlook going forward Ranjan Dhawan, MD & CEO, Bank of Baroda told CNBC-TV18 that worst seems to be over in terms of asset quality and things will only improve from here on.
The company is targeting FY16 sanctions at around 25 percent and disbursement at 40 percent, said SK Sangar, MD, Tourism Finance Corporation.
Going forward, George Alexander Muthoot, MDof Muthoot Finance expects the net interest income (NII) number to be consistent and profits to be driven by assets under management (AUM).
Moreover, with ICICI Bank‘s profitability having improved considerably over the past five years, BofA ML has a target price of Rs 2000 on it.
Mushtaq Ahmad, Chairman & CEO, Jammu & Kashmir Bank said the bank expects loan book to grow at 20-25 percent and profitability around 20 percent going forward.
On credit growth side Dena Bank is targeting a growth of around 15-16 percent for FY14. They would mainly focus on retail and small medium enterprise (SME) lending to achieve this growth.
Warendra Sinha, MD, GIC Housing Finance expects the company to perform better going ahead.
PN Vijay, Portfolio Manager, www.askpnvijay.com feels improvement seen in India's macros has to be backed by good earnings from corporate India for the Nifty to breach above 6,000 levels.
R Varadarajan, MD, Repco Home Finance in an interview to CNBC-TV18 said the anchor book which was opened yesterday has been fully subscribed at the upper band of Rs 172 per share.
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.