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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.
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