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Oct 23, 2009, 10.53 AM IST

Indian Bank Q2 net profit seen up 7.89% at Rs 326.41 cr

Indian Bank is going to declare its Q2FY10 results. According to CNBC-TV18 estimates, its net profit is expected to go up 7.89% to Rs 326.41 crore from Rs 282.92 crore, YoY.

Source: CNBC-TV18
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Indian Bank Q2 net profit seen up 7.89% at Rs 326.41 cr
Indian Bank is going to declare its Q2FY10 results. According to CNBC-TV18 estimates, its net profit is expected to go up 7.89% to Rs 326.41 crore from Rs 282.92 crore, YoY.


Net interest income (NII) is seen going up 15.37% to Rs 735.68 crore from Rs 681.83 crore, YoY.


Q2FY10 expectations
* Expect loan growth of 14% on higher base
* NII growth would be flat as Q2FY09 had Rs 49 crore of recoveries
* Margins could decline QoQ
* Other income could grow at 40%


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