27 Oct: pre market updates & Yes Bank details!

Please Share:: �� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��

��

-->

Market Update:
Sgx Nifty  +5 pts
‎Dow +71.40 pts ,Nsdq -17.17 pts , S&P +3.25 pts Bovespa -774 pts , Ftse +39 pts , Dax +179 pts , Cac +80 pts , Nikkei +137 pts now , Crude @ $52.69 brl (+0.05), Brent @ $59.40 brl (-0.07) , Gold @ 1269.04 (-0.54), Silver @ $16.813 (+0.00), Euro @ $1.1631, JPY @ $114.0200, INR @ $64.840




Today's Corporate Action
27th Oct Ex Date



None




Today's Company Board Meeting



Oct 27 Aditya Birla Fashion And Retail Ltd, earnings for quarter ended September.

Oct 27 AU Small Finance Bank Ltd, earnings for quarter ended September.

Oct 27 Benares Hotels Ltd, earnings for quarter ended September.

Oct 27 Bervin Investment & Leasing Ltd, earnings for quarter ended
September.

Oct 27 Canara Bank, earnings for quarter ended September.

Oct 27 Dic India Ltd, earnings for quarter ended September.

Oct 27 Gogia Capital Services Ltd, earnings for quarter ended September.

Oct 27 Heidelbergcement India Ltd, earnings for quarter ended September.

Oct 27 ICICI Bank Ltd, earnings for quarter ended September.

Oct 27 IFB Agro Industries Ltd, earnings for quarter ended September.

Oct 27 Indian Oil Corp Ltd, earnings for quarter ended September.

Oct 27 Ineos Styrolution India Ltd, earnings for quarter ended September.

Oct 27 ITC Ltd, earnings for quarter ended September.

Oct 27 J Taparia Projects Ltd, earnings for quarter ended September.

Oct 27 Jubilant Industries Ltd, earnings for quarter ended September.

Oct 27 Kaveri Seed Co Ltd, earnings for quarter ended September.

Oct 27 Linde India Ltd, earnings for quarter ended September.

Oct 27 Maruti Suzuki India Ltd, earnings for quarter ended September.

Oct 27 Modern Shares & Stockbrokers Ltd, earnings for quarter ended
September.

Oct 27 Munjal Showa Ltd, earnings for quarter ended September.

Oct 27 Navin Fluorine International Ltd, earnings for quarter ended
September and dividend.

Oct 27 Ponni Sugars (Erode) Ltd, earnings for quarter ended September.

Oct 27 PVR Ltd, earnings for quarter ended September.

Oct 27 SE Investments Ltd, earnings for quarter ended September.

Oct 27 Sellwin Traders Ltd, earnings for quarter ended September.

Oct 27 Sita Enterprises Ltd, earnings for quarter ended September.

Oct 27 Srikalahasthi Pipes Ltd, earnings for quarter ended September.

Oct 27 Sun Pharma Advanced Research Co Ltd, earnings for quarter ended
 September.

Oct 27 Sundaram Finance Ltd, earnings for quarter ended September.

Oct 27 Super Sales India Ltd, earnings for quarter ended September.

Oct 27 Tata Metaliks Ltd, earnings for quarter ended September.

Oct 27 Tumus Electric Corp Ltd, earnings for quarter ended September.

Oct 27 Vinyoflex Ltd, earnings for quarter ended September.


Yes Bank reported Q2FY18 PAT of INR10bn – growth of 25% YoY. While core operating performance (NII growth of > 33%) has been better than expected the disappointment flowed on asset quality due to asset quality divergence.

☑ GNPLs rose to 1.82% (0.97% in previous quarter), with slippages during the quarter at INR19.9bn (> 5.7% versus run-rate of 2% over last 6 quarter). The main chunk came from divergence with RBI of INR 12.2 bn and normal slippages of INR 7.7 bn.

☑ Having said that bank highlighted that total divergence for Yes bank was INR64bn (based on RBIs annual inspection), of this INR17bn got repaid, resolution (sale to ARC) panned out in INR4.6bn and upgraded were INR29.8bn with the balance INR12.2bn being reflected in NPLs.

☑ Provisioning came in at INR 4.5 bn - up 58% QoQ. Creditof 29bps for Q1FY18 & 48bps for H1FY18 as against guidance of 50-70bps for the full fiscal.

Other operating parameters

☑ Credit growth sustained momentum at 35%; CASA maintained at 37.2% and NIMs stable at 3.7%

☑ Restructured advances at 0.08%, security receipts at 0.94%, standard SDRs 0.32%, 5:25 refinancing 0.15%, S4A at 0.01%.