Banks, Specialised NBFCs Q1 Preview - Growth To Remain Healthy Despite Seasonally Weak Quarter: Nirmal Bang

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.As per the latest Reserve Bank of India data as of June 14, 2024, system loan growth (adjusted for excluding -HDFC Bank Ltd.) stood at a healthy 15.6% YoY, which indicates better topline growth for banks. Sectoral credit deployment data shows continued double-digit growth in retail and services segments, but the Industrial segment growth remains in single digits. We expect our coverage banks to report earnings growth of 16.2% YoY on the back of 20.7% YoY credit growth, 15.8% YoY growth in operating profit and continued low credit costs. In terms of margins, banks are expected to see mixed trends. Within our coverage banks, private banks are expected to see mix trend in net interest margins ranging from -18 basis points to 8 bps sequentially. Supported by lower credit/deposit ratio and better liquidity position, we expect public sector banks under our coverage to report a marginal improvement in NIMs. As this will be the first quarter of available for sale reserve creation, the transfers to and from held to maturity/ fair value through profit or loss/available for sale will be a key monitorable and due to lower treasury income, some banks may see relatively higher cost ratios..Click on the attachment to read the full report:.Banks Q1 Results Preview - Loan, Deposit Growth Likely To Moderate: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Banks, Specialised NBFCs Q1 Preview - Growth To Remain Healthy Despite Seasonally Weak Quarter: Nirmal Bang

Gold NBFCs are expected to see improved loan growth and lower credit costs due to elevated gold prices during Q1 FY25

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Banks, Specialised NBFCs Q1 Preview - Growth To Remain Healthy Despite Seasonally Weak Quarter: Nirmal Bang

Gold NBFCs are expected to see improved loan growth and lower credit costs due to elevated gold prices during Q1 FY25

Choose a plan

Follow Us

DOWNLOAD THE APP