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    HomeNewsBusinessEarningsBank of India Q4 PAT seen up 56.5% at Rs 670 cr

    Bank of India Q4 PAT seen up 56.5% at Rs 670 cr

    State-run Bank of India is set to report 56.5% growth in fourth quarter FY11 profit after tax of Rs 670 crore as against Rs 428 crore in same period the previous year.

    May 02, 2011 / 12:06 IST

    State-run Bank of India is set to report 56.5% growth in fourth quarter FY11 profit after tax of Rs 670 crore as against Rs 428 crore in same period the previous year.

    Net interest income is seen going up by 32% at Rs 2,050 crore from Rs 1,551 crore on year-on-year basis.

    Loan growth is expected to be at 20%.

    Expectations
    -PAT growth to improve sharply due to lower loan loss provisions
    -Recoveries to pick up pace
    -Employee provisions to be high due to revised retirement benefits
    -Could lead to increase in operating expenses
    -Net interest margin to see some decline QoQ
    -Migration to the system based NPA recognition may increase NPAs slighlty

    first published: May 2, 2011 10:28 am

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