IDBI Bank Q2 PAT seen down 10% at Rs 353 cr

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IDBI Bank Q2 PAT seen down 10% at Rs 353 cr

IDBI Bank is expected to report a profit after tax of Rs 353 crore in the July-September quarter of 2011, a fall of 10% as compared to Rs 429 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.

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

IDBI Bank is expected to report a profit after tax of Rs 353 crore in the July-September quarter of 2011, a fall of 10% as compared to Rs 429 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.

During the same period, net interest income too is likely to go down by 4% to Rs 1,123.4 crore from Rs 1,168 crore.

Negative outlook on the Bank

•         Net interest margins expected around 2%
o        Margins have been coming down consistently for the past few quarters.