Lower growth, loan slippages likely to cloud banks’ June quarter - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Lower growth, loan slippages likely to cloud banks’ June quarter

Adequate provisions, capital buffers, diversified assets and low-cost liabilities should cushion large private banks. With exposure to more vulnerable segments, mid-sized banks, small finance banks and NBFC MFI are seen reporting a relatively weaker performance, ICICI Securities said in a note. “However, given muted credit growth, absence of substantial treasury and revival in opex should keep operational performance moderate. Profitability is expected to witness a healthy surge led by lower provisions.”

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