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Banks

Large-cap Banks : June Quarter Results Summary

JAS quarter results are going to be announced in the coming weeks a and most of the largecap banks are expected to announce their Sep qtr results this month itself. So here we are just doing a recap of their performance in the last quarter that is AMJ or June Quarter.

On a standalone basis, Icici, Pnb, Bank India, Sbi, Aubank, albk, axis bank, union bank, federal bank, bandhan bank, rbl bank, indusind bank, bank of baroda and kotak bank reported 30% or more profit after tax (PAT).

But due to other reasons like exposure to stressed assets, NPA etc these results were not reflected in their stock prices. Hopefully this quarter also private and public banks come up with good results and a re-rating will happen in their stock prices too.