South Ind Bank Q3 net may rise 10%, loan growth seen below 10%

South Indian Bank is expected to report 9.7 percent growth in profit at Rs 111.5 crore for October-December quarter compared with Rs 101.6 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.
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Jan 11, 2017, 09.14 AM | Source: CNBC-TV18

South Ind Bank Q3 net may rise 10%, loan growth seen below 10%

South Indian Bank is expected to report 9.7 percent growth in profit at Rs 111.5 crore for October-December quarter compared with Rs 101.6 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.

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South Ind Bank Q3 net may rise 10%, loan growth seen below 10%

South Indian Bank is expected to report 9.7 percent growth in profit at Rs 111.5 crore for October-December quarter compared with Rs 101.6 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.

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South Ind Bank Q3 net may rise 10%, loan growth seen below 10%
South Indian Bank is expected to report 9.7 percent growth in profit at Rs 111.5 crore for October-December quarter compared with Rs 101.6 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.

Net interest income during the quarter is seen rising 8.8 percent to Rs 442.4 crore from Rs 406.7 crore in corresponding quarter of last fiscal.

Key things to watch out for would be net interest margin, slippages and loan growth.

Analysts expect loan growth to remain below 10 percent for the quarter.

According to them, if net interest margin comes above 2.6 percent (2.75 percent in Q2), slippages below Rs 150 crore (Rs 226 crore) and gross non-performing assets below 4.25 percent (3.96 percent), then that may be positive.

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South Ind Bank Q3 net may rise 10%, loan growth seen below 10%
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