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    Vikshita Vitthal Gujaran in News

    10-Apr-2023 08:58 AM


    Indian banks to maintain strong earnings momentum in Q4 on robust credit offtake

    In Q4FY23, domestic brokerage firm ICICI Direct Research expects earnings momentum to continue to remain strong led by continued robust credit offtake, steady elevated margins on the back of yield repricing offsetting higher cost of deposit and steady slippages and resolutions of few stressed assets leading to stable credit cost.
    The fag end of the fiscal year, which is generally strong for the financial industry is expected to witness continued traction in retail credit demand.
    However, commentary on segments is expected to drive future credit growth, strategy on liabilities franchise while anticipated margin trajectory, flexibility of opex to act as catalyst for a further re-rating.

    Source - Mint