By Shailendra Bhatnagar, Reuters
India’s ICICI Bank and smaller rival HDFC Bank are expected to report a jump in quarterly earnings due to robust lending and fee income, but profits at State Bank of India may shrink from less valuable treasury holdings.
Analysts polled by Reuters expect lending demand to accelerate with an economic pickup in the months ahead as companies borrow to invest in new capacity and individuals take out loans to buy homes or cars.
India’s $700 billion economy, Asia’s third-largest, is set to expand 7 percent in the fiscal year through March 31, 2006.
For this complete story, please visit Indian Banks’ Q1 Profit to Surge on Loan Growth.
