"We expect banks under coverage to report nearly 60% on-year earnings growth led by 35% year-on-year operating profit growth and 20% YoY decline in provisions," said MB Mahesh, executive director at Kotak Securities. "We expect solid net interest income growth at 22% on the back of 16% YoY loan growth. We don t expect discussions on asset quality to emerge this quarter as well, as the portfolio appears to be holding up well across banks and product portfolios."
"We expect banks under coverage to report nearly 60% on-year earnings growth led by 35% year-on-year operating profit growth and 20% YoY decline in provisions," said MB Mahesh, executive director at Kotak Securities. "We expect solid net interest income growth at 22% on the back of 16% YoY loan growth. We don t expect discussions on asset quality to emerge this quarter as well, as the portfolio appears to be holding up well across banks and product portfolios."
The other two sectors where FPIs bought maximum shares include auto and auto ancillaries and capital goods, where FPIs invested ₹19,500 crore and ₹12,400 crore, respectively, since March 1.