ING Vysya Bank Q2 PAT seen up 33% at Rs 100.4 cr

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ING Vysya Bank Q2 PAT seen up 33% at Rs 100.4 cr

ING Vysya Bank is expected to report a rise of 33.3% in profit after tax of Rs 100.4 crore for the quarter ended September 2011 as against Rs 75.3 crore in the corresponding quarter of last fiscal.

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ALSO READ News and Notices about ING Vysya Bank See interviews with ING Vysya Bank Management See what other Experts & Brokerages are saying about ING Vysya Bank See previous Results of ING Vysya Bank

ING Vysya Bank is expected to report a rise of 33.3% in profit after tax of Rs 100.4 crore for the quarter ended September 2011 as against Rs 75.3 crore in the corresponding quarter of last fiscal.

Net interest income is likely to go up by 13.6% to Rs 288.8 crore from Rs 254.2 crore year-on-year.

Factors to watch
-         Margins are likely to remain stable
-         Asset quality is likely to be healthy
-         Loans are expected to grow 22% 
-         Deposits are expected to grow by 23%
-         Bank underwent capital raising of Rs 970 crore at the end of Q1 (Via QIP & Preferential allotment)
*         This will cushion margins 
*         Margins are expected to improve by 20 basis points (In Q1, NIMs were 3.02%)
-         Non interest income expected to decline due to:
*         Muted treasury gains 
*         Lower fee income growth