"Yes Bank remains one of our top picks", Ravikant Bhat of IDBI Capital Markets Services told CNBC-TV18.
Industry experts are of the opinion that a friendly consolidation in the banking space is favourable and big banks should take over the smaller banks. But, Ravikant Bhat of IDBI Capital Markets Services said that these banks are more inclined to run the banks independently.
HDFC Bank profit in third quarter grew by 15 percent to Rs 3,865.3 crore compared with Rs 3,356.84 crore in year-ago period. Net interest income increased 17.5 percent year-on-year to Rs 8,309 crore in the quarter gone by.
Prakash Diwan, Market Expert, Altamount Capital Management said that for the next phase of growth to continue with this high decibel expansion addition of new capital is capital.
Siddharth Purohit of Angel Broking, says there has been marginal improvement in gross non-performing loans (NPL) level and significant growth in net interest margins (NIMs).
SBI could be the biggest beneficiary of RBI's new capital rules because the bank has never had revaluation reserves on balance sheet, said Ravikant Bhat, Research Analyst, IDBI Capital.
DGCEI will examine approximately one crore savings account and the probe is expected to take 4-6 months to complete.
Ravikant Bhat - Research Analyst at IDBI Capital is of the view that one can buy YES Bank and HDFC Bank.
The move toward marginal cost of funds methodology for interest rate on advances is aimed at ensuring faster transmission of changes in RBI policy rates to banks' lending rates
The long-drawn legal battle over a board membership in the Yes Bank may come to an end next week. The Bombay High Court is expected to deliver its final judgment in the case between Yes Bank and Madhu Kapur as well as her daughter Shagun Kapur Gogia, a source told moneycontrol.com.
India's largest mortgage lender - Housing Development Finance Corporation (HDFC) is likely to report 15 percent year-on-year growth in its fourth quarter (Jan - March) net profit at Rs 1,531 crore. Net interest income (NII) would grow 24 percent Y-o-Y to Rs 2,080 crore, according to a poll estimate.
HDFC Bank continued to maintain its pace of growth. It reported 30 percent year-on-year rise in its fourth quarter (January-March) net profit at about Rs 1,890 crore, aided by robust interest and other income. Since last one decade, net profit has been growing in the range of 30-32% each quarter.