Federal Bank Q3 PAT seen up 30% at Rs 186 cr

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Federal Bank Q3 PAT seen up 30% at Rs 186 cr

Federal Bank is expected to report a profit after tax of Rs 186 crore in the third quarter of FY12, a growth of 30% as compared to Rs 143 crore in the corresponding quarter of last fiscal.

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Federal Bank is expected to report a profit after tax of Rs 186 crore in the third quarter of FY12, a growth of 30% as compared to Rs 143 crore in the corresponding quarter of last fiscal.

Net interest income is seen going up 9% to Rs 487 crore from Rs 447 crore year-on-year.

Expectations

-Expect loan growth at 26%

-Expect deposit growth at 34%

-NIMs likely to decline marginally due to lag impact of deposit re-pricing
>NIMs in Q2 were 3.77% 

-Improving trends in slippages are expected to continue
>But slippages in large corporate segments need to be watched