Private banks Q3 preview: Debt restructuring nos eyed; PAT may grow 20% YoY

Among the pack, mighty banks such as HDFC Bank and ICICI Bank are expected to outperform their peers, analysts say.

Pick-up in the economic activity and buoyant loan growth during the festive season is expected to boost earnings of private banks for the December quarter of financial year 2020-21 (Q3FY21). Among the pack, mighty banks such as HDFC Bank and ICICI Bank, however, are expected to outperform their peers, analysts say. 
 

That said, key factor to watch out would be the quantum of actual debt restructuring reported by the banks after the Reserve Bank of India’s (RBI’s) deadline to sanction the resolution plan ended on December 31, 2020.
 

"Q3FY21 will be another quarter where the sector will be influenced by