BFSI to post mix bag of Earnings in Q2

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