Moneycontrol
Last Updated : Jan 27, 2011 11:17 AM IST | Source: CNBC-TV18

HDFC Bank Q3 net profit seen up 29.2% to Rs 1057.4 cr

India's third largest lender HDFC Bank is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up by 29.2% to Rs 1,057.4 crore as against Rs 818.5 crore (YoY).

 
 
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India's third largest lender HDFC Bank is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up by 29.2% to Rs 1,057.4 crore as against Rs 818.5 crore (YoY).


Net interest income is seen going up by 19.7% to Rs 2,662.2 crore from Rs 2,223.9 crore in same period of last year.


Expectations

*Margins to decline QoQ due to increase in cost of deposits
*NIMs: 4.2% versus 4.5% (YoY)
*Loan growth to pick up
*Advances expected to grow 38%
*Asset quality to improve
*CASA to improve
*Provisioning costs sharply lower due to negligible new NPLs.
*Loan provision: Rs 580 crore versus Rs 1000 crore
*Fee income expected to be muted due to lower income from insurance distribution
*Treasury income to decline

First Published on Jan 27, 2011 08:55 am
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