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.
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