YES Bank's Q3 results due today; Here’s what to expect
Posted on 18th January 2018 |
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| Private lender YES Bank is slated to unveil its earnings numbers for the December quarter on Thursday. Analysts see an over 20 per cent year-on-year growth in the bank's bottom line with robust asset quality. Brokerage firm KR Choksey Shares and Securities expects advances to grow by 24 per cent in the third quarter, driven by retail and corporate loans, along with a gradual pick-up in business in banking and MSE segments. On account of flat NIM, "we expect an NII growth of 31 per cent. On the back of robust asset quality and slightly elevated credit costs, we expect a PAT growth of 22 per cent", said KR Choksey Shares and Securities. Commentary on exposure to stressed sectors will be a key monitorable. Shares of the bank closed 2.58 per cent up at Rs 342.50 ahead of the quarterly numbers.Avenues of growth through corporate, SME and retail are expected to result in higher-than-industry traction. Given limited exposure to accounts disclosed in RBI's lists, impairment ratio will likely be contained, with credit cost within guided levels.Shares YES Bank were trading 3.62 per cent up at Rs 354.90 in early trade on Thursday. On the other hand, benchmark BSE Sensex was up 373 points, or 1.06 per cent, up at 35,455 at around 9.40 am (IST). |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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| Be the first person to write a business review for YES Bank's Q3 results due today; Here’s what to expect |
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