The banking sector is likely to show easing of asset quality pressure in June quarter numbers compared with the numbers for the sequential quarter ended March 2018. However, bottom lines are likely to remain muted for both PSU lenders as well as corporate private banks. ICICIdirect.com expects gross non-performing assets (GNPA) of lenders under its coverage to increase 21 per cent year-on-year to Rs 3,36,134 crore against a 30 per cent traction witnessed in the previous quarter. The high stress in Q4FY18 was on account of large-scale stress recognition done by banks on account of events like frauds during the quarter and primarily led by new NPA framework introduced by the Reserve Bank of India (RBI). Net interest margins (NIM) may show some improvement on account of lower slippages on quarter-on-quarter basis (QoQ) and increase in MCLR rates by banks. Market experts believe NII (net interest income) growth is expected to be healthy at around 14 per cent YoY to Rs 47,938 crore against 5 per cent YoY seen in the previous quarter. Private lenders may post NII growth of around 19.3 per cent YoY. Despite easing of NPA pain, credit cost i.e. provisioning expenses, is estimated to stay high… Read full this story
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