ICICI Bank Q3 net profit seen up 24.8% at Rs 1374.2 cr
India's second largest lender ICICI 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 24.8% to Rs 1,374.2 crore in Q3FY11 as against Rs 1,101.1 crore in Q3FY10.
January 24, 2011 / 10:19 IST
India's second largest lender ICICI 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 24.8% to Rs 1,374.2 crore in Q3FY11 as against Rs 1,101.1 crore in Q3FY10.
Net interest income is seen going up by 11.8% to Rs 2,301.7 crore from Rs 2,058.1 crore. Expectations*Margins to be stable
*NIM: 2.4% Vs 2.3% QoQ & YoY
*Asset quality likely to be stable
*Expect NPA provisions to decline
*Provisioning costs to be lower
*Watch out for exposure to MFIs
*Loan growth to pick up
*Loan growth: 13%-14%
*CASA to improve
*Operating expenses seen up 25% YoY due to full impact of branch addition & merger related expenses will be visible. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
