Q2FY15 Results Review Of BANKING Stocks: Nirmal Bang

Q2FY15 performance analysis

The overall performance of the banking sector as a whole in Q2FY15 was broadly in line with expectations. While most of the private banks reported satisfactory performance, PSU banks except SBI and BOB reported weaker results. Aggregate PAT growth of mere +10% was disappointing for Public Sector Banks; while Private Banks continued to outshine with steady earnings growth of +17%. Private Banks continued to report modest loan growth and stable NIMs.

Q2FY15 Result Review BANKING