The Budget will be announced "at a time when the macro-economic milieu continues to be domestically and globally challenging", the industry body said, adding that it looks forward to suitable policy interventions which would rekindle business sentiment and help to debottleneck economy.
Total income increased to Rs 4,801.4 crore for the quarter from Rs 4,540.61 crore for the quarter ended December 31, 2014, it said in a BSE filing.
Promising to crack the whip on errant promoters, Chanda Kochhar, MD &CEO, ICICI Bank said the bank would use the powers given by RBI to convert loans into equity and dislodge defaulting promoters.
The reason why we are creating incremental Rs 2,500 crore provision is because as we transition to a bank, we want to make sure that the bank‘s balance sheet is completely protected against known risks, said Vikram Limaye, MD & CEO, IDFC.
Vaibhav Agrawal of Angel Broking is very bullish on ICICI Bank with a target price of Rs 370.
Sailesh Raj Bhan, deputy CIO of Reliance Mutual Fund is overweight on the urban discretionary space and sees a turnaround in earnings for them in this quarter.
Some of the biggest names in the infrastructure space have approached lenders to give them easier repayment schedules under the new 5:25 scheme.
The Minister cited stalled projects, sluggishness in the domestic growth in the last few years and slowdown in the global economy as the key reasons for the increase of NPAs. In case where staff connivance is noticed alongwith borrower, banks take action as per the Reserve Bank of India circular on frauds.
As per the framework, each bank has a board approved loans recovery policy and it requires a robust mechanism for early detection of signs of distress including prompt restructuring in the case of all viable accounts.
Kunj Bansal of Centrum Wealth Management is upbeat on the PSU banking space and would be a buyer in them. He thinks there is more value in PSU banks than private sector banks.
Macquarie Capital Securities sees a steep downside for Ambuja Cements stock after the deal with Holcim.
Ambareesh Baliga expects Nifty to be rangebound and advises investors should stay away from PSU banking space because there is some more pain left for them.
Srivastava says it would be at least a couple of years before the macro-economic environment normalizes. He says the RBI may even be compelled to raise rates in its efforts to protect the rupee.
Pratip Chaudhuri, Chairman, State Bank of India is more optimistic of India's economic growth than most economists who see GDP growth below the 5 percent mark.
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.