OBC Q4 PAT seen up 25% at Rs 330cr

Oriental Bank of Commerce is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's Q4 net interest income (NII) is seen up 20 percent to Rs 1284 crore versus Rs 1068 crore, year-on-year.

Its profit after tax (PAT) is seen up 25 percent to Rs 330 crore versus Rs 265 crore, Y-o-Y.

NII and PAT are likely to be in the range of 19 to 23 percent and 21 to 31 percent YoY respectively due to balance sheet growth picking up. This will be a recovery from Q3 where NII was up 5 percent to Rs 1204 crore due to moderation of balance sheet growth coupled with reversal of interest on fresh slippages.

Core fee income: Core fee income is expected to be flat year-on-year but non-core income + recoveries are expected to drive overall non-interest income to grow at similar levels like last quarter i.e. 25 percent Y-o-Y.