ING Vysya Bank Q4 PAT seen up 32% at Rs 120.5 cr

ING Vysya Bank is set to declare its fourth quarter earnings on Tuesday. CNBC-TV18 poll expects the company to report an increase of 32% year-on-year in its net profit at Rs 120.5 crore for the quarter ended March 2012.

Net interest income is seen going up by 24% to Rs 332 crore from Rs 268.3 crore year-on-year. Expectations
Loan growth expected at 20% - higher than industry average
Deposit growth expected at 16%
Margins expected to moderate with increased pressure on cost of funds
**Net interest margins in Q3FY12 were 3.49%
Strong growth expected in non-interest income due to improvement in trading income and income from wealth management services
High exposure to SME segment could lead to some asset quality pressure
**SME exposure is around 31%
Key watchables: Margin movement, expansion in fee based income and asset quality performance