Bandhan Bank Q2 Net Profit seen up 47.7% YoY to Rs. 720 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the BFSI sector. The brokerage house expects Bandhan Bank to report net profit at Rs. 720 crore up 47.7% year-on-year (up 2.7% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 33.7 percent Y-o-Y (up 2.2 percent Q-o-Q) to Rs. 1,440.8 crore, according to ICICI Direct.

Pre Provision Profit (PPP) is likely to rise by 43.4% Y-o-Y (up 3.8 percent Q-o-Q) to Rs. 1,253.1 crore.

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