BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Banks are expected to post strong net interest income growth of 30% YoY, even as we build in sequential moderation in net interest margin across most banks in Q1 FY24.
Public sector banks should see stable to improving NIM in Q1 FY24 led by higher share of Marginal Cost of Funds based Lending Rate loans which are re-pricing with a lag.
Profitability will also benefit from low credit costs and higher treasury gains, with profit after tax growth at 57% YoY. We factor in loan growth of 17% YoY and 2.5% QoQ for coverage banks during the quarter.
Asset quality trends are likely to remain steady, despite seasonally higher agri slippages. Traction in retail deposits and NIM/growth outlook remain key monitorables.
Affordable housing financiers are expected to report robust growth at over 5-6% QoQ and 29% YoY. Higher National Housing Bank drawings and prime lending rate hikes should support spreads, even as we see sharper rise in cost of bank borrowings hereon.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.