 "Public sector banks, bank credit")
Listed banks are likely to post over 20 per cent rise in profit in the second quarter (Q2) ended July-September 2021-22 (FY22) on improvement in collections and credit offtake amid pressure of slippages and provisions bill, revealed analysts.
Based on analyst assessments, Bloomberg's estimates showed that for 19 lenders – five public sector and 14 private banks - profit would grow 21.7 per cent to Rs 32,075 crore in Q2 year-on-year (YoY).
Domestic brokerage Motilial Oswal also pegged 20 per cent growth in profit after tax for banks under its coverage.
In keeping with the gradual economic
Based on analyst assessments, Bloomberg's estimates showed that for 19 lenders – five public sector and 14 private banks - profit would grow 21.7 per cent to Rs 32,075 crore in Q2 year-on-year (YoY).
Domestic brokerage Motilial Oswal also pegged 20 per cent growth in profit after tax for banks under its coverage.
In keeping with the gradual economic
