Hardening bond yields to weigh on bank profits in September quarter
For the September quarter, Nifty 50 banks are forecasted to see an 11.5% rise in net interest income, yet net profits are expected to grow more slowly at around 10%. This growth is supported by robust capital inflows from the RBI's FCNR-B deposit swap scheme, bolstering deposit growth. Leading banks like Axis Bank and Kotak Mahindra...
Key Takeaways
- For the September quarter, Nifty 50 banks are forecasted to see an 11.5% rise in net interest income, yet net profits are expected to grow more slowly at around 10%.
- This growth is supported by robust capital inflows from the RBI's FCNR-B deposit swap scheme, bolstering deposit growth.
- Leading banks like Axis Bank and Kotak Mahindra Bank are likely to show substantial profit growth this quarter.
For the September quarter, Nifty 50 banks are forecasted to see an 11.5% rise in net interest income, yet net profits are expected to grow more slowly at around 10%. This growth is supported by robust capital inflows from the RBI's FCNR-B deposit swap scheme, bolstering deposit growth. Leading banks like Axis Bank and Kotak Mahindra Bank are likely to show substantial profit growth this quarter.
Original Publisher Attribution
This summary was curated from Economic Times.