Q1 Banking Results LIVE Updates: PNB NII highest in six quarters, slippages narrow

Q1 Banking Results LIVE Updates:

Right then, Axis Bank has become the first lender to report results this super Saturday, where its asset quality has seen pressure on a sequential basis, credit card issuances have dropped and margins have also narrowed from the previous quarter and from last year. All eyes are now on the remaining seven - HDFC Bank, ICICI Bank, Kotak Bank, Yes Bank, PNB, Punjab & Sind Bank, and IDBI Bank. The street will be keenly awaiting commentary on asset quality, margins, the ECL provisioning impact and in case there is any stress that will emerge from the rural portfolio considering the uneven impact of the monsoons. ICICI Bank has been the most resilient among the lenders, outperforming them in terms of returns, HDFC Bank has started to play catch-up after multiple overhangs were cleared. The street will also await any potential CEO announcements from Kotak Mahindra Bank as well. Watch this space for all the LIVE banking sector results.