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Canara Bank Q1 Net Profit seen up 72.7% YoY to Rs. 701.5 cr: Emkay Research

Net Interest Income (NII) is expected to decrease by 7.7 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 5,624.3 crore, according to Emkay Research.

July 14, 2021 / 08:09 PM IST
RB Governor Shaktikanta Das had recently said banks need to beef up their capital base to guard against the COVID impact. A lot of banks have made their plans public to raise capital.

RB Governor Shaktikanta Das had recently said banks need to beef up their capital base to guard against the COVID impact. A lot of banks have made their plans public to raise capital.

 
 
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Emkay Research has come out with its first quarter (April-June’ 21) earnings estimates for the BFSI sector. The brokerage house expects Canara Bank to report net profit at Rs. 701.5 crore up 72.7% year-on-year (down 30.6% quarter-on-quarter).


Net Interest Income (NII) is expected to decrease by 7.7 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 5,624.3 crore, according to Emkay Research.


Pre Provision Profit (PPP) is likely to fall by 15.4% Y-o-Y (down 36.4 percent Q-o-Q) to Rs. 3,624.8 crore.


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