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Bank Q2 Preview: Keep an eye on these bank shares, you can give strong returns after the results

Banking Sector Q2 Preview: Earning season for second quarter of FY 2021 has started.

Shehnaz by Shehnaz
October 13, 2020
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Banking Sector Q2 Preview: The Arnig season for the second quarter of FY 2021 has started. The market will be focused mainly on the banking sector. Due to Covid 19 on the banking sector, there was a lot of pressure in the first quarter. Both the market and investors are eyeing recovery in this sector. For now, experts believe that there will be pressure on asset quality and earnings in the second quarter. Right now the focus of the banking sector is going to be on the direction of Post Moratorium Collection and Restructuring. However, the Supreme Court’s order on NPAs has reduced some concerns about NPAs. But provisioning will still remain high.

Banking Sector Q2 Preview

Brokerage house Prabhudas Leeladhar estimates that net interest income could grow at 15 per cent annually in the second quarter. In this, NII growth of private bank is estimated to be 17 percent and that of public banks will be 14 percent. PPOP growth can be 12 per cent (13% private bank, 11% government bank) on an annual basis. PAT growth can also see recovery on an annual basis. The brokerage has placed HDFC Bank, ICICI Bank and Kotak Bank in its top picks. They are expected to get the most from the strong capital base and gains in deposits.

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No more hope for loan growth

There is not much expectation from loan growth in the second quarter. During this time it can come down from 6-7% to 5-6% on an annual basis. At the same time, the picture regarding the asset quality is not clear. This will all depend on recovery and loan restructuring after the moratorium.

Core performance projected to be muted

Core performance is expected to be muted in the second quarter. PPOP due to lower treasury gain
It may show 12% growth on an annual basis. At the same time, it may decrease by 3% on a quarterly basis. Due to the low-income activity, the core performance is seen to be weak.

Special offer of SBI, BoB, HDFC Bank: Senior Citizen up to 0.50% more interest on FD

Better position at capital level

The situation is looking better at the capital level. Banks have raised 25000 crores in the second quarter of FY 2021 and 52000 crores in the first half. The capital level of banks is also looking better due to lower capital consumption.

How to create a strategy in bank shares

BANKRatingTargetCurrent Price
Axis BankHOLDRs 480Rs 468
HDFC BankBUYRs 1265Rs 1234
ICICI BankBUYRs 462Rs 402
IndusInd BankBUYRs 680Rs 623
Kotak BankACCURs 1389Rs 1320
Federal BankBUYRs 67Rs 53
South Indian BankBUYRs 117 rupees
IDFC BankSELLRs 21Rs 32
Bank of BarodaBUYRs 65Rs 44
PNBBUYRs 40Rs 29
SBIBUYRs 276Rs 198

Read: Mazgaon Dock, UTL AMC IPO: Mazgaon Dock listing at 49% premium, UTI AMC investors disappointed

(Advice: Prabhudas Liladhar)

 

Source: www.financialexpress.com

#Bank #Preview #eye #bank #shares #give #strong #returns #results

Tags: Axis Bankbank boxbank stocksbanking sectorbanking sector q2 previewbobfederal bankHDFC bankICICI Bankindus are bankpnbSBIsouth indian bank
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Shehnaz

Shehnaz

Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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