Nomura : Axis Bank better placed than ICICI and other PSU banks
Free Current Affairs to Your Email
Posted on:08 Mar 2016 09:31:25
08 March 2016 Current Affairs: Global financial services firm Nomura has said that India's third largest private sector lender - Axis Bank BSE 0.19 % is better placed than private sector behemoth ICICI Bank BSE -1.70 % and other PSU bank peers in terms of corporate book profitability. Banks with heavy corporate books have seen significant stock correction in the recent times, a reflection of the stress build-up across their portfolios. Despite valuing Axis higher over ICICI, Nomura has flagged off NPA concerns in the private lenders corporate book adding that the stress in Axis' corporate book is just marginally lower than that of PSU banks.Nomura expects NPA levels in the corporate book to inch up to 14-15 per cent of corporate loans. It also expects rise in near-term delinquency and credit costs as stressed metal names have not been recognised.Terming Axis Banks' retail good as "good bank", Nomura indicate that the private lenders retail and SME book will continue to deliver ROEs of 18-20 per cent.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail