In its business update, earlier this month, the bank reported a 14 per cent jump in its loan book and an 18 per cent YoY growth in deposits. The private lender said that its loan book rose to Rs 1,86,598 crore compared with Rs 1,63,654 crore a year ago.
The bank’s deposits rose to Rs 1,93,241 crore from Rs 1,63,295 crore a year ago but were lower compared with the March quarter’s Rs 1,97,192 crore.
Emkay Global expects
to report a 23 per cent YoY drop in net profit at Rs 275.40 crore compared with Rs 206.80 crore in the same quarter last year. NII is seen growing 30.6 per cent at Rs 1,831.90 crore from Rs 1,402.20 crore.
It saw NIM at 2.4 per cent from 2.5 per cent in the March quarter and 2.1 per cent in the year-ago quarter. Softer NIMs and elevated LLP could keep profits in check, it said, adding that slippages may remain flat sequentially.
Nirmal Bang expects the lender to report a loss of Rs 150.70 crore, even after it saw NII rising 34.3 per cent to Rs 1,883.30 crore. Pre-provision profit may fall 17.4 per cent to Rs 605.50 crore. NIM was seen at 2.7 per cent YoY.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
