Posted by
kamal on Apr 20th, 2010 in
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Bank Sector
Rating: Positive
In 3Q 2010, our coverage universe reported positive growth in Net interest income (NII) with decent growth in advances except ICICI Bank. Net interest margins has grown up on back of falling cost of deposit as banks have bolstered their CASA base. We continue to have bullish view on sector since IIP (Index of Industrial production) can surprise on upside which will ignite private capital...
Q4FY09 is likely to be a sequentially better quarter for India, in terms of overall real growth. Strong consumption growth remained intact during the quarter with the positive impact of GOI’s VI Pay Commission and reduction in the trade deficit as compared to the previous quarters. As Q4FY09 results are approaching, we have following expectations for different sectors and companies.
Automobiles
During the...