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Dolat Capital Report
Operating metrics are expected to improve marginally in Q2 FY22 as loan growth strengthens and recoveries pick pace.
We build in net interest income and pre provision operating profit growth of 9% and 10.4% YoY.
Dewan Housing Finance Corporation Ltd.'s recovery will bode well for most corporate banks, aiding write-back of provisions.
Elevated slippages and restructurings are likely to continue, including downgrade of SREI Group exposures.
However, pull back/recoveries from slippages in Q1 FY22, DHFL resolution, and to some extent National Asset Reconstruction Company sale should result in sequential decline in system gross non performing asset ratio.
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