Analysts caution that some lenders could see volatility in earnings and muted profits on the back of recent tax changes, poor loan growth and credit costs.
“The industry has been doing fine this quarter. The implications of DTA write-off has to be seen on the basis of the view taken by each bank,” said Sanjay Agarwal, Senior Director, CARE Ratings
Private sector lenders are set to announce their results for the July to September 2019 quarter, starting with IndusInd Bank on Thursday.
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October 10, 2019