Utkarsh SFB was incorporated as an NBFC in FY10 with a core focus on micro finance loans to underserved segments and in particular in the states of Uttar Pradesh and Bihar.
The country‘s third largest private sector lender maintains its guidance for stressed assets for this year at around Rs 6,500 crore.
The bank does not hold large portfolios of stress and aims to bring down its non-performing assets (NPAs) and non-performing loans (NPLs) going ahead.
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.
VR Iyer of Bank of India believes the worst is over for the market and the public sector lender will see more recovery and further reduction in its non-performing assets going forward.
OBC's SL Bansal expects the public sector lender to grow around 14 percent in FY14. The bank is unlikely to raise its lending rates in the next 45 days as that will hurt its profit required to sustain in the long-run, he adds.
According to Shyam Shrinivasan, the Federal Bank is likely to maintain its margins at the current levels of 3.30 percent, a climb of 17 bps year-on-year.
The company posted a net interest income of Rs 125 crore for the first half of FY14. Also, the net interest margins ratio of the company is at around 4.14 percent, marginal reduction from the FY13 NIM of 4.38 percent.
India‘s largest private sector bank, ICICI Bank Q4 net jumps 21 percent to Rs 2304 cr , yet stock saw a surprise fall of about 3 percent. Rajiv Mehta, banking analyst, IIFL feels that a slightly increase in restructuring of assets led to the stock correction.
Jagdish Malkani, member of NSE and BSE, says that SBI is still a great play on the Indian economy. He talks to the CNBC-TV18 of the future of the bank and other PSUs in the country.