INSUBCONTINENT EXCLUSIVE:
log an above-average loan growth, a stable asset quality and 20-23 per cent year-on-year growth in profit
Investors will be keenly tracking loan growth in agri portfolio
They may also track SME and retail books, in addition to trends in digital banking and other initiatives, analysts said
ICICI Direct expects the bank to report a 22.5 per cent YoY growth in profit after tax (PAT) at Rs 5,877 crore
It sees gross non-performing assets (NPA) at 1.3-1.4 per cent
Another brokerage Motilal Oswal Securities pegged profit at Rs 5,800 crore, up 21 per cent
This brokerage expect a 16 per cent growth in other income, led by healthy fee income and stable treasury performance
Analysts are baking in a net interest income (NII) growth of around 24 per cent; they see margin in 4.2-4.4 per cent range
ICICI Direct feels that a hike in deposit rate would be offset by an increase of 5 basis points in MCLR, thereby keeping margins stable at
HDFC Bank, meanwhile, may see strong growth in deposits
The performance of the agri portfolio would be tracked as slippages in the sector were higher in Q3FY19, it said.
