Bank Earnings Season: Will the new breed survive business challenges?

Wednesday, October 13, 2010

Results just in from wannabe 'mid-cap' bank Axis Bank and wannabe 'banker' and potential applicant for new bank licenses kicked off earnings season with a health 40% and 35% rise in net profit. Both Loans and Deposits have grown 36% for the bank but there does not seem to be any supernormal contribution expected from a company reining in management and actively restructuring its corporate structures and values. More of the same really but catching up in line with India's potential Not really an out-performer out to catch Industry Leaders..LIC Housing Finance will likely be a banking license holder but unlikely to provide much value in its stock than its current stable management practices based run unable to satisfy the global arena's size and ambition fueled requirements. 

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