Indian Bank Q3 PAT seen up 10% at Rs 542.1 cr

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Indian Bank Q3 PAT seen up 10% at Rs 542.1 cr

Public sector lender Indian Bank is expected to report a profit after tax of Rs 542.1 crore in the quarter ended December FY12, rising 10.3% as compared to Rs 491 crore in a year ago quarter.

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Public sector lender Indian Bank is expected to report a profit after tax of Rs 542.1 crore in the quarter ended December FY12, rising 10.3% as compared to Rs 491 crore in a year ago quarter.

Net interest income is seen going up by 14.6% to Rs 1,189 crore from Rs 1,037 crore year-on-year.

Expectations

- Loan book growth at 21%

- NIMs likely to moderate due to lag impact of deposit repricing

- Asset quality likely to remain healthy

- Slippages likely to decline

- Restructuring on account of SEBs and CDR segments likely to increase