Financial Sector Q3 Earnings Preview: Management Commentary, Incremental Ancillary Data Key To Gauging Trends - Nirmal Bang
An employee counts rupee currency notes inside a private money exchange office in New Delhi. 

Financial Sector Q3 Earnings Preview: Management Commentary, Incremental Ancillary Data Key To Gauging Trends - Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

With the Supreme Court’s standstill order on asset classification continuing to be in force, the reported non-performing asset numbers for Q3 FY21 are unlikely to be useful.

Instead, like Q2 FY21, we would look towards management commentary on pro-forma NPAs, expected slippages as and when the standstill order is over and restructuring pipeline, to gauge future trends as far as asset quality is concerned.

Overall, for our banks’ coverage, we expect operating profit growth (YoY) of 16.2% YoY and 2.7% QoQ.

Click on the attachment to read the full report:

Nirmal Bang Banking Financials Sector-Q3FY21 Result Preview- 8 January 2021[302].pdf

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