Public sector banks likely to be the stars of Q1 show

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"We expect banks under coverage to report nearly 60% on-year earnings growth led by 35% year-on-year operating profit growth and 20% YoY decline in provisions," said MB Mahesh, executive director at Kotak Securities. "We expect solid net interest income growth at 22% on the back of 16% YoY loan growth. We don't expect discussions on asset quality to emerge this quarter as well, as the portfolio appears to be holding up well across banks and product portfolios."

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