YES BANK Q3 OUTLOOK
YES Bank Q1 Update: Advances rise 15% YoY to Rs 2.29 lakh cr, deposits grow 21%
The bank's credit-to-deposit ratio for the first quarter was 86.4%, down from 91.3% in the same quarter last year. During the April-June 2024 period, the liquidity coverage ratio improved to 137.8%.
Could IT make a meaningful comeback in Q1? Deven Choksey explains
Deven Choksey highlights the importance of sticking with larger banks for business growth and emphasizes the positive outlook for IT companies. Additionally, L&T's promising future is underlined by margin expansion and improved execution. Choksey further says that one shouldn't expect too big a rally in IT and that one should stay focused on some of the larger banks as far as the portfolio investment is concerned
PSBs clock higher failure rates for UPI payments
In comparison, private players like HDFC Bank, Axis Bank, ICICI Bank, Yes Bank and IDFC First have an average UPI technical decline of 0.04%. Among private players, Bandhan Bank has seen technical declines of over 1%.
YES Bank board to consider fundraising via debt
YES Bank intends to raise funds through the issuance of debt securities, potentially including non-convertible debentures (NCDs), bonds, or Medium Term Notes (MTNs). The bank's board approved this fundraising plan during a meeting on Tuesday, where they also finalized the draft notice for the annual general meeting scheduled for August 23rd. YES Bank's shares have surged 50% over the past year, significantly outperforming the Bank Nifty index, which gained 21% in the same period.
Sentiment is changing, FIIs could push market rally further, says Chandan Taparia of Motilal Oswal
FIIs covering short positions in the Indian market may drive a potential rally, supported by DIIs and SIP. Amidst profit booking in FMCG stocks, focusing on rural demand and monsoon impact could offer buying opportunities. Private banks and financial companies show promising trends, while Nifty Auto and telecom sectors present favorable trading prospects.
Can private bank stocks lead from the front now?
Bank Nifty reached a new high of 51,957 due to improved operational efficiencies, implementation of the Insolvency and Bankruptcy Code, and cautious lending practices by PSU banks. This sparked a rally in share prices, shifting the spotlight from private banks.
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Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
ETMarkets Smart Talk: Modi 3.0 unlikely to be over-populist at the cost of compromising fiscal discipline: Amar Ambani
In my opinion, the election event is done and dusted, and the market won’t read too much into it, to endure drastic corrections akin to the knee jerk reactions seen on poll outcome day.
3 stocks Viral Shah is bullish on from NBFC sector
I think a lot of analysts and investors have kind of built this in in their numbers and the impact is going to be actually gradual. Given that these are two-three years fixed rate loans, so the impact is always on an incremental basis. So, it will take two to three years for it to play out fully in terms of the financials. And the quantum of it also would vary. If it is a 50 or 100 base points kind of a rate cut, in the kind of the construct of the ROAs that MFIs make, it should be easily digestible.
Move over PSUs, defensive bets can be the next big story under Modi 3.0
Defensive sectors like FMCG and pharma are emerging as potential winners under Modi 3.0, with experts forecasting gains fueled by rural push and policy actions. Investors are advised to explore stocks like HUL, Dabur, and pharma majors for potential returns amidst PSU valuation concerns.
Credit cards for international airport lounge access of HDFC Bank, Axis Bank, Yes Bank: Complimentary lounge access, other benefits
Top airport lounge credit cards: The credit cards listed below offer considerable number of complimentary visits to international as well as domestic airport lounges, along with other travel and lifestyle benefits
Modi 3.0 mandate may be weaker, but Indian economy has a robust growth outlook: Fitch Ratings
Fitch Ratings has maintained a positive outlook on India's medium-term economic growth, citing substantial government capital expenditure and strengthened corporate and bank balance sheets. The BJP-led NDA is likely to form the next government, and India's strong medium-term growth outlook is expected to remain intact.
India's growth outlook: Economy to get a blockbuster release this Friday? But that's too late to stream in poll campaigns
GDP Q4: As the country buzzes with election excitement, India is set to release its GDP growth numbers for the fourth quarter of FY24 this Friday, alongside the full fiscal year figures. Analysts are eagerly awaiting to see if the January to March quarter numbers surpass expectations, fueling hopes of a surprising uptick in growth.
Paytm shares drop 3% after Q4 results. Should You buy or sell?
Paytm's Q4 results show widened losses and reduced revenue, impacted by disruptions and regulatory actions. Analysts vary: Bernstein sees signs of recovery, Macquarie remains cautious, Motilal Oswal maintains a neutral stance, while JM Financial advises selling.
Hero MotoCorp shares surge 6% after Q4 results. Should you buy, sell or hold?
Hero MotoCorp Share Price: Hero MotoCorp shares surged 6% after Q4 results, with net profit up 18% to Rs 1,016.05 crore. Brokerages remained positive: Jefferies expects double-digit industry revenue growth, maintains 'buy'; BofA sees potential in Hero 2.0 strategy, sets target price of Rs 5,400; Kotak retains 'sell' rating.
SBI Q4 Preview: Profit may fall 24% YoY; NII seen flat
Analysts anticipate a relatively stable net interest income (NII) growth or potentially a slight decrease of up to 1% year-on-year, attributed to increased operating expenses and normalization of net interest margins (NIM).
Paytm market cap nears $2.5 billion; state-run banks turn to GenAI
Paytm’s market capitalisation is down to nearly $2.5 billion after a ninth straight session of declines on the BSE.
Q4 Results Today: DMart, Kotak Mahindra Bank among 16 companies to announce earnings
Other companies which will also release the numbers include The Anup Engineering, Birla Corp, Golkonda Aluminium, Hitch Energy Batteries, IDBI Bank, Jammu and Kashmir Bank, Kansai Nerolac Paints, Nagarjuna Fertilisers, Nila Infrastructure, Raw Edge, Sambhav Media, Vijay Textiles and Zen Technologies.
Kotak Bank Q4 Preview: Profit to drop marginally; loan growth seen steady
Kotak Bank Q4 Preview: As far as figures are concerned, profit for the fourth quarter is expected to fall around 3% YoY. Key monitorables from the earnings include commentary on NIMs and growth outlook, especially the growth trajectory in the unsecured book.
Deposit growth improves at private banks in Q4, but at higher costs
While these lenders were able to increase deposits at a faster clip during the quarter, the growth was accompanied by higher interest outgo, thereby contracting net interest margins (NIMs) year-on-year. The sample includes HDFC Bank, ICICI Bank, Axis Bank, IndusInd Bank and Yes Bank. Kotak Mahindra Bank is expected to declare quarterly numbers on May 4.
Yes Bank Q4 results: PAT jumps 123% to Rs 452 crore
Yes Bank Q4 Result: During the quarter ending on March 31, 2024, Yes Bank disclosed a standalone net profit of Rs 452 crore, marking a substantial increase of 123% compared to the Rs 202.43 crore reported in the same period the previous year. Furthermore, the bank's interest income saw a notable rise, reaching Rs 7,447.17 crore, a significant increase from Rs 6,216.24 crore reported in the corresponding quarter of the preceding fiscal year, reflecting a 20% year-on-year growth.
Yes Bank Q4 Earnings Today: Strong PAT growth likely even as NII may fall 3% YoY
Yes Bank Q4 Earnings Today: Estimates from three brokerages suggest that Yes Bank is poised to announce a net profit ranging from Rs 252 crore to Rs 427 crore for the quarter ended March 31, 2024. This forecast indicates a year-on-year (YoY) increase of 24% to 111% compared to the same quarter of the previous financial year, during which the lender recorded a profit after tax (PAT) of Rs 202 crore.
Axis Bank Q4 Preview: PAT seen at Rs 6,305 crore vs YoY loss on higher interest income
The anticipated recovery in profit after tax (PAT) is expected to be driven by an increase in interest income. Analysts forecast the bank to report a net interest income of Rs 12,926 crore, reflecting a 10.60% year-on-year growth, according to average estimates.
Yes Bank shares jump 23% in two days after RBI allows HDFC Bank to pick 9.5% stake
On Wednesday, the stock jumped by 10% on the intraday basis amid strong volumes to fresh 52-week high of Rs 28.05. At 12:35 pm, 76.84 crores were trading on the NSE. The traded value of the shares stood at Rs 2,063.38 crore.
Q3 results today: ITC, Bajaj Finance among 88 companies to announce earnings on Monday
ITC Ltd is expected to announce its December quarter results on Monday. The company is likely to report a steady volume growth in both cigarettes and non-cigarette FMCG business, as well as strong traction in the hotel segment. However, the agri and paper and paperboards businesses may have been sluggish, restraining overall revenue growth. Analysts estimate a nearly 5% YoY growth in revenue to Rs 17,016 crore, a 2.5% YoY increase in EBITDA to Rs 6,378 crore, and a 2% growth in profit to Rs 5,137 crore.
YES Bank Q3 Results: PAT soars 4x YoY to Rs 231 crore, NII rises 2.4%
YES Bank Q3 Results: Provisions for the quarter dropped sharply, which aided growth in the bottom line. Provisions and contingencies for the reported period stood at Rs 555 crore, compared with Rs 845 crore a year ago. Despite this, the pre-provision operating profit declined 5.4% YoY to Rs 864 crore.
Q3 Results Today: Yes Bank, Macrotech Developers among 31 companies to announce earnings
JSW Steel on Thursday reported robust growth in the consolidated net profit for the quarter ended December, as the bottom line rose nearly 5 times from the year-ago period to Rs 2,415 crore and also beat ETNow estimates of Rs 1,719 crore.
YES Bank Q3 results today: What to expect, key thing to track for investors
The profit growth is seen upwards of 300%, while net interest income is likely to grow around 2% year-on-year in the October-December period. Some analysts are even predicting a decline in the NII due to slower loan growth and the rising cost of funds.
YES Bank Q3 result preview: Profit may jump multifold; muted NII growth seen
YES Bank Q3 result preview: YES Bank reported a 12% growth in its advances at Rs 2.17 lakh crore in the third quarter, compared with Rs 1.94 lakh crore in the last year period. On a sequential basis, deposits rose 4%.
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