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Will these banks yet again 'sacrifice' NIMs?

Jul 5, 2013

Rate cut coercion from the government may result in NIMs compression of banks

BOI: Should you subscribe?

Mar 22, 2005

'Assessing quality of assets is imperative for valuing a banking entity', may be a statement sounding clichéd. But when speculations of prospective mergers and public issue announcements cause investors to go gung-ho on the banking sector, it becomes important to reinstate these basic doctrines of investing.

Corporation Bank: In slow motion…

Mar 16, 2005

Revered for being one of the oldest and fundamentally strong PSU banks, in terms of operational and efficiency parameters, Corporation Bank has historically enjoyed a better valuation as compared to its PSU peers.

BOI-UBI merger: Complex synergies

Jan 12, 2005

To counter competition from their private sector counterparts, PSU banks are set to embark on a consolidation drive and use their majestic asset sizes as a bulwark against the efficiency of the private entities. The Bank of India (BOI) – Union Bank (UBI) merger that is expected to set the trend for the same, is likely to lend substantial synergies to the consolidated entity, although a generous portion of the ‘benefits’ will go to the government (a major shareholder in both). Also, mergers betwe

PSU Banks: Worth investing?

Dec 17, 2004

Mammoth balance sheet sizes, bloated work force and lack of operating efficiency are some of the common characteristics associated with PSU banks. To shake off this image and get rid of their government legacy, PSU banks are now seeking more autonomy. As opposed to the common perception, these banks are also striving to catch up with their private sector counterparts, in all respects.

Private banks: Optimism not unfounded

Dec 15, 2004

Indian private sector banks, deemed to connote, the face of new-age banking, are gearing up to play a vital role in the economic progress of the country. Capital, technology and human resources…every possible factor for expansion is being accessed by these entities. The regional domain no longer remains a priority for these entities, but they are also eyeing the international markets. From raising capital through ADR and FCCB issues to expanding operations in major overseas destinations, no ston

SBI: Core business drives growth

Nov 1, 2004

SBI, the largest bank in the country, reported a rather improved quarterly performance for the September quarter relative to its performance over the last few quarters. For 2QFY05, while the bank's topline rose 6% YoY (which is a healthy sign), bottomline witnessed a YoY growth of nearly 9%. There has, however, been a significant improvement in the bank's net interest income highlighting the strength of its core business. There has been a significant fall in other income. However, the same has b

OBC: Looking forward to the merger

Oct 30, 2004

Like in the June quarter, lower provisioning for NPAs has helped Oriental Bank of Commerce (OBC) to post a healthy improvement in its bottomline growth for 2QYF05. For the September quarter, while the bottomline has surged by 32%, the topline has risen by a marginal 6%. However, unlike the previous quarters, there has been a lackluster improvement in the bank's net interest income. This may indicate that the bank has not been able to significantly reduce its interest expenses during 2QFY05. Ther

BOI: What numbers say?

Oct 21, 2004

Bank of India (BOI), the third largest bank in the country, reported a rather improved quarterly performance for the September quarter relative to its performance over the last few quarters. For 2QFY05, while the bank's topline rose 8% YoY, operating margins witnessed a YoY growth of nearly 9%. But this was negated due to treasury losses (other income declined by 47%). There has however, been a significant improvement in the bank's net interest income highlighting the strength of its core busine

Corporation Bank: Is the worst over?

Oct 21, 2004

Corporation Bank, has reported dismal results for the September quarter on the back of significant rise in provisioning. While NPA provisioning in the September quarter is low, we believe most of the provisioning has been made towards depreciation in value of the company's investment (G-Sec) portfolio. Corporation Bank's bottomline has fallen by a significant 81% and topline has grown by a marginal 3% in 2QYF04 on a YoY basis, topline performance being much in line with the earlier quarters. The

Corporation Bank: Losing steam

Apr 27, 2004

Corporation Bank, continuing with its dull performance in the last quarter has reported its FY04 results. The bank has reported a 5% topline growth and a 21% bottomline growth for the full year. While it has managed to improve further upon its net interest margins and consequently its operating margins, the bottomline growth seems to have been mainly effected by a strong fall in provisioning for NPAs. Infact, if the provisioning were to be kept at the FY03 levels, the bottomline growth would hav

Corporation Bank: Lending slows down

Jan 15, 2004

Corporation Bank reported dismal and unexpected results for the December quarter. While the topline has risen by a marginal 4%, the bottomline has fallen by a steep 25% in 3QFY04. The fall in bottomline seems to be mainly on account of a fall in other income as well as a significant rise in provisioning. Operating margins have, however, shown an improvement in the December quarter.

SBI: Promising prospects ahead!

Dec 12, 2003

State Bank of India, (SBI), India's largest bank (owned by the Indian government) is turning a new leaf. From being a laid-back public sector entity with a bloated workforce, it is slowly emerging as an aggressive player in the banking sector, with strong emphasis (although forcibly) on the use of technology to integrate its various services.

SBI: Other income fillip

Oct 30, 2003

SBI, the largest bank in the country, has reported a 21% YoY growth in its bottomline despite a marginal fall in topline for the September quarter. SBI's strong bottomline performance for 2QFY04 (like 1QFY04) was primarily on account of improvement in its operating margins as well as a strong growth in other income. The bank also has significantly increased its provisioning in the September quarter, which led to some curtailment in the bottomline growth. For 1HFY04, the performance on a YoY basi

OBC: `Zero`ing on NPAs

Oct 30, 2003

OBC, has managed to pull of a first in the public sector banking domain, by reporting a zero net NPA level in the September quarter. That apart, the performance of the bank in the September quarter has been almost similar to the June quarter. While the topline has declined by 1%, the bottomline has improved by a strong 44% on a YoY basis. For 1HFY04 also, the story is similar, with the topline falling marginally and the bottomline growing by a healthy 41% on a YoY basis.

Bank IPOs: An investing checklist

Oct 1, 2003

The primary market (IPO) for equities seems to be witnessing a revival of sorts with the stock markets going through a bullish phase. While this is a general behaviour that is observed in periods of bullish stock markets, we would like investors to be cautious regarding the decisions (in terms of IPOs) they take. This is because companies in order to take advantage of the positive sentiment sometimes take retail investors for a ride, and hence investors need to be extra careful regarding the sam

“Housing sector, particularly, for another 25 years looks attractive to me…”

Sep 22, 2003

Mr. P. S. Shenoy is a CAIIB and possesses the rich 35 years of banking experience. Mr. Shenoy started his career with Bank of India (BoI) as an officer in April 1966 and rose through the ranks to head BoI’s operations at Hong Kong and New York. He was with BoI till 1998 and his long experience includes heading operations in international division, finance and group strategy covering, planning, treasury and monitoring of subsidiaries.
Currently Mr. Shenoy is the Chairman and Managing Dire

“Indian banking sector will be comparable with best in the world in 10 years time.”

Aug 20, 2003

In an interview with Equitymaster, Mr. Cherian Varghese, CMD, Corporation Bank shared his views on the Indian economy and his views regarding the future direction for Corporation Bank.

BOB: Growth challenges remain

Aug 12, 2003

Bank of Baroda (BOB) reported a relatively better start for FY04 (compared to 4QFY03) in its June quarter results. The bank reported a 34% growth in its bottomline, on the back of a topline growth of over 5% in the June quarter on a YoY basis. A significant fall in interest expenses and a sustained growth in other income arising from sale of investments has ensured yet again that the bottomline grows at a healthy rate. The bank has also done well to control costs, thus improving upon its operati

BOI: A long way to go

Aug 7, 2003

Bank of India, one of the largest public sector banks in the country, reported a 15% YoY rise in net profits on the back of a marginal (2%) rise in topline for the quarter ending June 2003. While topline growth was subdued, bottomline grew significantly due to falling interest expenses and rise in other income. Higher other income was seemingly due to healthy treasury gains from sale of investments.


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