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Oriental Bank Q2 PAT seen down 7% at Rs 369.3 cr
Oriental Bank of Commerce is expected to post a profit after tax of Rs 369.3 crore in the second quarter of FY12, a fall of 7% as compared to Rs 398 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.
Oriental Bank of Commerce is expected to post a profit after tax of Rs 369.3 crore in the second quarter of FY12, a fall of 7% as compared to Rs 398 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.
Net interest income is likely to go down by 1.5% to Rs 1,061 crore from Rs 1,077.9 crore year-on-year.
Expectations
-Pressure on NPLs - full transition to system based NPA recognition -Slippages expected to increase -Below average loan growth expected at 16% -Deposit growth expected at 18% -NIMs expected to be sequentially stable -Rising term deposits rates & lower proportion of CASA would keep cost of funds under pressure -But higher loan-repricing would provide cushion -Fee income growth likely to be muted -Watch out for asset quality, slippages
