financetom
Market
financetom
/
Market
/
ICICI Bank Q3 results today: Key things to watch out for
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ICICI Bank Q3 results today: Key things to watch out for
Jan 29, 2019 11:28 PM

ICICI Bank Ltd is scheduled to release its earnings for the December 2018 quarter today and analysts expect a strong set of numbers. A key thing to watch out for will be the slippages or the accretion of bad loans in a particular quarter, analysts believe. They estimate slippages to stand at Rs 2,400-3,000 crore for the December quarter, an improvement from Rs 3,120 crore in the previous quarter.

Loan growth is expected to remain fairly strong between 14 percent and 15 percent on a global basis and Q2 was a little less than 13 percent.

According to CNBC-TV18's poll, net interest income (NII) is expected to grow about 18 percent, highest in the last 15 quarters.

The company is expected to report a growth in its net profit for the first time in last seven quarters. Net profit is likely to come in at Rs 1,800 crore.

The total stressed assets are expected to remain Rs 23,500 crore or 4.3 percent of the book. There can also be gains from recovery in key stressed accounts that are under National Company Law Tribunal (NCLT).

With the new management at helm, analysts will also focus on the guidance.

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 >
Japan bond yields track US peers lower amid smooth 30-year JGB auction
Japan bond yields track US peers lower amid smooth 30-year JGB auction
Jul 4, 2024
TOKYO, July 4 (Reuters) - Japanese government bond yields declined on Thursday, tracking a steep fall in U.S. Treasury yields overnight as a slew of weak economic data boosted bets for Federal Reserve interest rate cuts this year. An auction of some 680 billion yen ($4.21 billion) of 30-year JGBs was smoothly digested by the market, but analysts said some...
Trump presidency would cause spike in US bond yields, says Edmond de Rothschild investment boss
Trump presidency would cause spike in US bond yields, says Edmond de Rothschild investment boss
Jul 4, 2024
LONDON (Reuters) - A win for Donald Trump in the U.S. presidential election in November would herald a spike in long-term U.S. Treasury yields, said Edmond de Rothschild Asset Management's Chief Investment Officer Benjamin Melman on Thursday. Trump's approach on taxes and immigration would put pressure on the U.S. labour market and wider economy, Melman told a press conference on...
Is The Market Open On July Fourth? Everything You Need To Know
Is The Market Open On July Fourth? Everything You Need To Know
Jul 4, 2024
As American families gather to celebrate Independence Day, many investors and traders are curious about the market schedule for the July Fourth holiday. Here's a concise guide to help you navigate the trading week around this holiday. Market Schedule Overview Around Independence Day The U.S. stock markets, including the New York Stock Exchange (NYSE) and the NASDAQ, will be closed...
U.S. Crude Oil Stocks Decline by 12.2 Million Barrels on Week, EIA Reports
U.S. Crude Oil Stocks Decline by 12.2 Million Barrels on Week, EIA Reports
Jul 4, 2024
05:54 AM EDT, 07/04/2024 (MT Newswires) -- U.S. crude oil inventories declined by 12.2 million barrels to 448.5 million barrels in the week ended June 28, the U.S. Energy Information Administration said in its This Week in Petroleum report on Wednesday. Crude oil production rose by 25,000 barrels per day (b/d) to 13.2 million b/d week over week, the EIA...
Copyright 2023-2026 - www.financetom.com All Rights Reserved