State-run Canara Bank Ltd. and Union Bank of India Ltd. will report their January-March quarter earnings on Monday.
Union Bank of India is expected to report a 50 percent profit growth, according to Bloomberg consensus estimates, though loan growth may remain sluggish. Credit costs for the bank will likely remain at elevated levels during the quarter on a sequential basis. Slippages could moderate but will still remain high.
What To Watch
- Asset quality
- Slippages from restructured loans and 5:25 scheme
- CASA ratio and net interest margin trend
Canara Bank may see a return to profitability aided by a one-time gain resulting from the stake sale in its housing finance arm Can Fin Homes Ltd. Loan growth for the bank is also likely to be muted. Credit costs may remain on the higher side due to fresh slippages and non-performing loans.
What To Watch
- Quantum of loans rescheduled under the 5:25, SDR and S4A schemes
- Outlook on balance sheet growth
Other Key Earnings
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- Bharti Infratel
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