financetom
Business
financetom
/
Business
/
Axis Bank and Yes Bank to announce Q4 numbers; here's what SBICAP Securities expects
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Axis Bank and Yes Bank to announce Q4 numbers; here's what SBICAP Securities expects
Apr 26, 2018 12:57 AM

Krishnan ASV of SBICAP Securities shared his views and expectation from Axis Bank and Yes Bank’s Q4 numbers.

Krishnan ASV said that we expect corporate stress pool of about Rs 180 billion and we think that will dissolve over the next three quarters.

“We believe a large part of that will come through in March. There is no precise number that I would be tracking but we are looking at where the stress is originating from,” he added.

He further said that we expect slippage of Rs 7,500 crore for Axis Bank in Q4 of FY18. Talking about Yes Bank, he said we expect credit cost for Yes Bank to remain elevated as they have to catch up.

Disclaimer:

The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

First Published:Apr 26, 2018 9:57 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Salesforce Insider Sold Shares Worth $1,118,831, According to a Recent SEC Filing
Salesforce Insider Sold Shares Worth $1,118,831, According to a Recent SEC Filing
Apr 24, 2024
06:17 AM EDT, 04/24/2024 (MT Newswires) -- Amy E Weaver, President and CFO, on April 23, 2024, sold 4,096 shares in Salesforce ( CRM ) for $1,118,831. Following the Form 4 filing with the SEC, Weaver has control over a total of 49,290 shares of the company, with 49,290 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1108524/000112760224013267/xslF345X03/form4.xml Price: 277.64, Change: +0.96, Percent...
US sets plan for 12 offshore wind auctions over five years
US sets plan for 12 offshore wind auctions over five years
Apr 24, 2024
(Reuters) - President Joe Biden's administration unveiled plans on Wednesday to hold up to a dozen auctions of offshore wind development rights through 2028, including four before the end of this year. The schedule will help companies, states and others plan for projects that require massive amounts of investment and infrastructure, the Interior Department said in a statement. Our offshore...
Hilton lifts profit forecast on international travel demand
Hilton lifts profit forecast on international travel demand
Apr 24, 2024
(Reuters) -Hotel operator Hilton Worldwide ( HLT ) raised its annual adjusted profit forecast on Wednesday, banking on international travel demand to offset normalizing domestic travel in the U.S. International travel demand is expected to remain strong this year as global air connectivity increases and travelers flock to Asian and Latin American countries, while demand for domestic travel plateaus in...
Bunge beats quarterly profit estimates on processing recovery
Bunge beats quarterly profit estimates on processing recovery
Apr 24, 2024
April 24 (Reuters) - Bunge beat Wall Street expectations for first-quarter profit on Wednesday as the grain trader and processor benefited from a recovery in processing margins and strong export volumes. U.S. exports of grains remained strong, benefiting the export business of Bunge, which, along with its peers, makes money by processing, trading, and shipping crops around the world. The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved