Kotak Securities has come out with its first quarter (April-June) earnings estimates for the banking sector. The brokerage house expects Andhra Bank to report a 19 percent degrowth quarter-on-quarter (degrowth of 22.9 percent year-on-year) in net profit at Rs 278.9 crore.
Net interest income is expected to increase by 6.1 percent Q-o-Q (up 7.8 percent Y-o-Y) to Rs 1,011.4 crore, according to Kotak Securities.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
