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Union Bank of India
The bank feels that system liquidity will remain tight in the near term, easing out post
March. However, the bank says that it has adequate liquidity and currently is a net lender
in the market, which is bringing in high yields.
According to the bank, the sectors that are driving loan growth at the moment are
infrastructure, retail, mortgages and agriculture.
The bank does not think that savings interest rate deregulation will happen any time soon
as this would subject the savings of a large section of the population to the fluctuations
of interest rates.
The bank expects slippages to come down and FY12 credit costs to be c. 60bps from c.
100bps in FY11.
Banks will be required to make the entire provisions for the second pension option for
retired employees in 4QFY11, which could have an impact on profitability for that
quarter.
Union Bank is expecting about INR10bn of capital infusion from the government in the
near future, which should boost its Tier 1 to about 8.75%.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Union Bank of India
The bank feels that system liquidity will remain tight in the near term, easing out post
March. However, the bank says that it has adequate liquidity and currently is a net lender
in the market, which is bringing in high yields.
According to the bank, the sectors that are driving loan growth at the moment are
infrastructure, retail, mortgages and agriculture.
The bank does not think that savings interest rate deregulation will happen any time soon
as this would subject the savings of a large section of the population to the fluctuations
of interest rates.
The bank expects slippages to come down and FY12 credit costs to be c. 60bps from c.
100bps in FY11.
Banks will be required to make the entire provisions for the second pension option for
retired employees in 4QFY11, which could have an impact on profitability for that
quarter.
Union Bank is expecting about INR10bn of capital infusion from the government in the
near future, which should boost its Tier 1 to about 8.75%.
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