External broker reports(aggregated public sources), Sharekhan

Sharekhan

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Earnings grew by a mere 2% y-o-y on the back of higher provisions although operating profits rose ~11% y-o-y.</li><li>The bank reported higher credit cost at 59 bps of average advances (annualised) vs 34 bps q-o-q and 53 bps y-o-y to shore up the PCR levels (55% vs 53% q-o-q).</li><li>Asset quality is comfortable as net slippage remained negative for the fifth consecutive quarter as recoveries continued to outpace fresh slippages (1.7% stable q-o-q).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Earnings grew by a mere 2% y-o-y on the back of higher provisions although operating profits rose ~11% y-o-y.The bank reported higher credit cost at 59 bps of average advances (annualised) vs 34 bps q-o-q and 53 bps y-o-y to shore up the PCR levels (55% vs 53% q-o-q).Asset quality is comfortable as net slippage remained negative for the fifth consecutive quarter as recoveries continued to outpace fresh slippages (1.7% stable q-o-q).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

City Union Bank - Recovery Under Way but Still Long Path to Cover