We sit down with our most popular smallcase managers to discuss this
We believe that government‘s aim is to leave consumers with more disposable income and fuel the consumption demand. Therefore, lower tax rates will play an important trigger, as interest rates have come off in a big way
According to Vinay Agarwal, CEO, Angel Broking in the last two years there has been a considerable change in retail participation and an increase in demat accounts.
Asset quality weakened in December quarter but it was better compared to peers. Gross non-performing assets (NPA) increased 95 basis points QoQ and 20 bps YoY to 5.1 percent and net NPA rose 75 bps QoQ and 9 bps YoY to 2.89 percent in Q3.
Vaibhav Agrawal, banking analyst, Angel Broking, gives his views on the impact of moving towards marginal cost of funding.
Vaibhav Agrawal, Banking Analyst at Angel Broking recommends buying ICICI Bank and SBI and is neutral on IDBI Bank.
Dena Bank's exposure to discoms stands at around Rs 7000 crore of which Rs 3300 crore of debt has been restructured, says chairman and managing director Ashwani Kumar.
Vaibhav Agrawal of Angel Broking cautions that even Axis Bank took a number of years to reach to this kind of valuation. So just some sort of a privatisation may not result in re-rating
Vaibhav Agrawal, VP-Research Banking at Angel Broking is of the view that one can buy HDFC Bank and Axis Bank.
With the pressure likely to continue for even private banks, Vaibhav Agrawal of Angel Broking would look at entering into defensive ones like HDFC Bank, Axis Bank and would wait for lower levels to enter Yes Bank.
Vaibhav Agrawal of Angel Broking is very bullish on ICICI Bank with a target price of Rs 370.
From the management commentary, Vaibhav Agrawal, VP-Research-Banking, Angel Broking expects a broader outlook in terms of growth and performance of loan book.
Overall numbers of OBC look decent, says Vaibhav Agrawal of Angel Broking. The higher provisioning has enabled the bank to bring down its net NPA, he says.
Vaibhav Agrawal of Angel Broking gave his views on HDFC's Q4 numbers.
In an interview to CNBC-TV18, Vaibhav Agrawal of Angel Broking and Jignesh Shial of IDBI Capital analyse HDFC Bank's Q4 results and their outlook on the stock.
At the NSE, the scrip fell by 5.74 percent to end at Rs 227.45. Led by the dip in the stock, the company's market valuation fell by Rs 1,951.29 crore to Rs 13,565.71 crore.
In an interview to CNBC-TV18, Vaibhav Agrawal, vice president - Research - Banking, Angel Broking, shares his views on Canara Bank's Q3 numbers.
The bank's net interest income (NII) remained almost flat at Rs 4,233 crore during October-December quarter compared to Rs 4,221 crore in same quarter last year.
Vaibhav Agrawal – vice-president, research banking - Angel Broking is disappointed with the bank‘s asset quality. The increase in gross and net non-performing assets are well above what he was factoring in.
Vaibhav Agrawal, VP - research banking, Angel Broking says on the asset quality front, the numbers were especially disappointing. Slippages must have been high, he adds.
People's quantitative expectation of HDFC continue to rise and that would partly be on speculations of merger between HDFC and HDFC Bank going through, says Vaibhav Agrawal, VP Research-Banking at Angel Broking.
Vaibhav Agrawal – VP Research-Banking at Angel Broking has a positive view on PSU banks.
Vaibhav Agrawal, VP Research-Banking at Angel Broking is neutral of HDFC.
Yes Bank's Q3 numbers were marginally higher than analysts' expectations.
Ashutoh Khajuria, president-treasury, Federal Bank and Vaibhav Agarwal, vice president- banking research, Angel Broking in an interview to CNBC-TV18 shared their opinion and outlook on the 10-year yield, the Bank Nifty and banking stocks.