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The 15 percent year-on-year volume growth for the fourth quarter of FY16 came as a surprise but maintaining it in the coming quarters will be a challenge, says Murtuza Arsiwalla, Analyst at Kotak Institutional Equities.
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State Bank of India (SBI) beat analysts' expectations on Tuesday with the first quarter net profit rising 10.2 percent year-on-year to Rs 3,692 crore.
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Vaibhav Agarwal of Angel Broking says on the asset quality front, the bank has reported good numbers. It indicates that like its third quarter, in the fourth quarter too SBI did good recovery and upgrades, he says.
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Housing finance company HDFC posted an 11.56 percent rise in third-quarter net profit at Rs 1,425.5 crore as against Rs 1,277.7 crore in the same quarter last year.
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Jignesh Shial of IDBI Capital Markets wants to hear the management commentary on the kind of corporate loan pickup the bank is seeing.
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HDFC Bank‘s quarterly net profit grew 25 percent year-on-year to Rs 2,326 crore from Rs 1,859 crore while net interest income rose 22 percent to Rs 4,635 crore from Rs 3,799 crore during the same period.
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Private sector lender Yes Bank‘s third quarter net profit jumped 21.4 percent, higher-than-expected to Rs 415.6 crore supported by non interest income, but asset quality weakened.
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Vaibhav Agarwal, Angel Broking thinks Bank of Baroda Q2 numbers were above their expectations.
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It seems that BoI has provided much more than what we were building in and yet its net profit is not so low, says Vaibhav Agarwal, Angel Broking.
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Vaibhav Agarwal, Angel Broking told CNBC-TV18 that the bank has performed well and ensured that its balance sheet remains qualitatively quite strong.
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Vaibhav Agarwal of Angel Broking is not surprised on the action. He told CNBC-TV18 that it would be sufficient to cover the margin for the next quarter as large loans get re-priced instantly.
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State-owned Bank of Baroda (BoB) shares on Thursday hit 52-week low to close at Rs 515, down about 8 percent after the lender reported muted growth of just 2 percent year-on-year in its first quarter (April-June) net profit, supplemented by sharp deterioration in loan quality.
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In an interview to CNBC-TV18, Vaibhav Agarwal of Angel Broking spoke about his reading of the banking space and outlook.
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In an interview to CNBC-TV18, Vaibhav Agrawal, Banking, Angel Broking reviewed the second quarter earnings of public sector lender Bank of India. The bank poor numbers due to sharp rise in bad loans in the July-September quarter.
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Vaibhav Agarwal, Angel Broking says, the gross non-performing asset (NPA) number has come much above what the management was guiding and the street was expecting. He sees further downside on the stock.
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HDFC announced its second quarter FY12 results. Vaibhav Agarwal, banking analyst at Angel Broking mentioned that the HDFC numbers were in line on the operating front in terms of the loan growth as well as the spreads and overall operating income growth.
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India's largest private sector lender ICICI Bank reported a 30% jump in profit for first quarter of FY12. During the period, net profit of the bank increased to Rs 1,332 crore. However, Vaibhav Agarwal, banking analyst at Angel Broking says that ICICI results are a little lower than street’s expectations.
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In an interview with CNBC-TV18, Vaibhav Agarwal of Angel Broking talking about ICICI Bank's quarterly performance said, "We are giving a target price to book value of about 2.8 times, working up with the SoTP works out to Rs 1,350. We see a good 25% upside on this stock round about."
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The Reserve Bank of India's (RBI) revised provisioning guidelines may have brought relief to banks which are yet to achieve 70% provision coverage ratio. It has irked many experts who consider RBI's relaxation too ad hoc and ill timed. CNBC-TV18's Gopika Gopakumar reports.
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The Reserve Bank of India (RBI) relaxed the provisioning norms for banks with retrospective effect from September 30, 2010, which in turn could help banks post higher profits. In an interview with CNBC-TV18, Haseeb Drabu, Economist and Vaibhav Agarwal, Angel Broking, speak about the new provisioning norms and give their outlook going forward.
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Hemindra Hazari of Karvy Stock expects to see an increase in NPA levels for the bank. "In the last one to two years there has been an urgent effort by the management to increase this market share and credit," he states.
