Analysts would track the management's commentary on Covid-19 related impact, traction in deposits post investment in YES Bank, movement of reported GNPAs, and moratorium utilised by customers
Analysts at MOFSL believe the Mumbai-based bank's credit cost may stay elevated led by higher slippages. Besides, asset quality could witness some pressure along with modest loan growth.
US companies are likely to cut capex plans by $900 billion (4 per cent of gross domestic product), trim spends on buybacks and mergers & acquisitions (M&As) by around $600 billion (3 per cent of GDP).
Though estimates for FY18 have been slashed by 40%, analysts expect more downgrades in 3-6 months
In aftermath of demonetisation, plus other uncertainties, investors might have to lower their earnings expectations for FY17 and FY18