Bad Loans To Come Down For Banks In Q2, But Profits Are Likely To Be Muted
Bad Loans To Come Down For Banks In Q2, But Profits Are Likely To Be Muted
With bad loans having been largely recognised, the worst may be over for banks but second quarter earnings could still be muted.
SURABHI

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