ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Banking & Financial Services sector. The brokerage house expects Bank of Baroda to report net profit at Rs. 1,858.7 crore (up 16.7% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 8.3 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 7,724.7 crore, according to ICICI Direct.
Pre Provision Profit (PPP) is likely to rise by 9% Y-o-Y (down 2.7 percent Q-o-Q) to Rs. 5,404 crore.
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