Banks' financials may improve in Q3

Banks are likely to report better results in the October-December quarter of this financial year, primarily with the base effect from last year.
 

In the same quarter a year before, most of them had reported a dismal performance, with an increase in bad loans and provisioning after the Reserve Bank-ordered Asset Quality Review.
 

“We expect the performance in the third (December) quarter to have a favourable impact on banks with corporate loans, as compared to retail (referring to individual borrowers) assets. We see earnings growth of 100 per cent year on year,” says a report from Kotak Institutional Equities. As