Markets News

Private Sector Banks – September Q2 Earnings

After the September earnings mostly all the banks which are well known has performed nicely irrespective of the covid factor.

Especially the private sector banks have up their game and showed positive signs of growth.

Top private banks like HDFC, ICICI etc have shown improvements in their earnings as well as profits.

A more clear idea will only be brought up when the reserve bank of India will come with more accurate results.

Only in the next couple of quarters will decide the actual profits and earnings of respective banks.

Collection efficiency reported by banks is still running below their pre-COVID-19 levels.

There are improvements but we can’t forget that covid id not over and the paths in future will be very challenging for the banks.

Experts are saying that there will be more profit in the December quarter because by then everything will be normal.

Vinod Nair, Head of Research, Geojit Financial Services, said:

These challenges will directly or indirectly affect the prices and financial stress will reduce as the economy and demand improve.

HDFC Bank and Kotak Mahindra Bank these two banks are the top picks.

Jaikishan Parmar, Senior Equity Research Analyst said:

He has a positive view on ICICI Bank, Axis Bank, HDFC Bank, Kotak Mahindra Bank.

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