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Pre-provision operating profit (PPoP) is expected to see a steep decline and net interest income growth could be in single-digit with pressure on margin in Q1
Kotak Institutional Equities sees profit falling 28 percent YoY and NII growing 18.8 percent YoY
NBFCs had a marginally better quarter than Q3 as liquidity eased for retail players. Slowdown in auto sales and increase in incremental cost of funding will weigh on Q4 performance
Net Interest Income (NII) is expected to increase by 28.2 percent Y-o-Y (up 3.6 percent Q-o-Q) to Rs. 2,761.4 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 18.8 percent Y-o-Y (down 4 percent Q-o-Q) to Rs. 2,559 crore, according to Kotak.
Key issue to watch out for would be the selection of the new MD & CEO as after the RBI order, Rana Kapoor will step down as MD & CEO of the bank on the closing of January 31, 2019.
Net Interest Income (NII) is expected to increase by 41.7 percent Y-o-Y (up 10.7 percent Q-o-Q) to Rs. 2,676.7 crore, according to Sharekhan.
Net Interest Income (NII) is expected to increase by 18.1 percent Y-o-Y (down 7.7 percent Q-o-Q) to Rs. 2,230.6 crore, according to Kotak.
CLSA said earnings for smaller private banks, like IndusInd Bank and Yes Bank, may be impacted by provisioning for stressed loans and slower growth in corporate banking fees
Input cost pressure is being increasingly absorbed by companies as the demand environment in weakening
Smaller companies have had a good run in September quarter. This suggests that such stocks can give good returns even as the market volatility ensues.
We see the capital constraint standing in the way of the scorching pace of growth we have seen in the past
Brokerages cut target price as they foresee revenue decline ahead as well as a need to slow down on loan growth.
Yes Bank is likely to report highest loan growth among banking & financials driven by refinancing and retail segments. All brokerage houses expect growth more than 60 percent YoY.
Net Interest Income is expected to increase by 30 percent Y-o-Y (up 13 percent Q-o-Q) to Rs. 2,125.7 crore, according to KR Choksey.
Analyst reports said the net interest income will see a high double-digit growth
The company reported profit growth of 22 percent despite sharp jump in provisions for bad loans, driven by non-interest income, NII and operating income.
Valued at 2.9X FY19 book, Yes Bank has a strong earnings growth trajectory ahead. But for the stock to get re-rated, Yes Bank would require a more balanced asset mix (in favour of retail) and “a clean chit from RBI” in the next audit.
Analysts feel if the loan growth comes above 30 percent (34.9 percent in Q2), net interest margin above 3.4 percent (3.7 percent) and slippages fall (Rs 1,989 crore in Q2) then that would be considered positive by the Street.
In an interview to CNBC-TV18, Rajiv Mehta of IIFL Wealth shared his views and readings on ICICI Bank's Q2 numbers and also spoke about specific stocks.
Despite a 34 percent drop in net profit at Rs 2,058 crore from a year ago, the Mumbai-based bank saw its gross non-performing assets (NPAs) in the three month period July-September decreased even as it spiked from a year-ago period.
YES BANK - bad loans have surged as Q2 shows a significant divergence from the Reserve Bank of India’s (RBI) assessment to the tune of over Rs 6,300 crore. In an interview to CNBC-TV18, Siddharth Purohit of SMC Institutional Equities shared his views and outlook on the YES BANK’s Q2 numbers.
This is the second time that the RBI, in its annual risk-based supervision, has observed divergences in both the banks’ NPA reporting.
Analysts feel if loan growth comes above 30 percent (against 32.1 percent in Q1FY18), and net interst margin above 3.4 percent (3.7 percent) then that would be considered positive by the Street.