IDBI Bank Q4 NII seen up 60% at Rs 1220cr

By Avni Raja, CNBC-TV18

IDBI Bank is to announce its fourth quarter results, According to CNBC-TV18's estimates, the company's Q4FY11 net interest income (NII) is seen up 60.6% at Rs 1220 crore versus Rs 760 crore.

Its PAT is seen up 43% at Rs 455.8 crore versus Rs 318 crore.

Other expectations

Consolidation may result in lower business growth

See sequential drop in profit

NII seen flat sequentially

interest income and interest expense absorb the higher lending and deposit rates.

Higher provisions due to pressure on asset quality

Could be an increase in NPAs

From Recent Interview management says,

Strategic move of having a lower growth for the year.
So, growth will be below the industry average
Expect loan growth to moderate to 10-14%
In FY12 also, growth process will consolidate.
The credit growth should maintain its pace