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BFSI to post mix bag of Earnings in Q2

Rs 400 cr – Profit after tax State Bank of India may post

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Banking, financial services and insurance (BFSI) space witnessed IL&FS default, spike in short term rates, tightening liquidity and some uptick in credit demand, says HDFC Securities

Public sector banks

  • Rs 400 cr – Profit after tax State Bank of India may post
     
  • 13% – SBI's core earnings may grow on-year (down 4% QoQ)
     
  • 14.3% – Aggregate rise in net interest income (NII)

Private sector banks

  • 12.1% – Aggregate rise in NII
     
  • 27.7% – Rise in adjusted profit after tax (APAT)

Small finance banks

  • 38.1% – Rise in NII

Non-banking financial companies (NBFCs)

  • 15.4% – NBFCs' NII would rise on-year
     
  • 15.3% – Ebitda would rise
     
  • 42.8% – Jump in APAT

Life Insurance

  • 8% – Fall in ICICI Pru's annual premium equivalent (APE) H1FY19
     
  • 9% – SBI Life's APE to grow
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