Motilal Oswal has come out with its fourth quarter (January-March’ 19) earnings estimates for the PSU Banks sector. The brokerage house expects Bank of Baroda to report net profit at Rs. 656.7 crore up 39.4% quarter-on-quarter.
Net Interest Income (NII) is expected to increase by 22.7 percent Y-o-Y (up 3.5 percent Q-o-Q) to Rs. 4,909.7 crore, according to Motilal Oswal.
Pre Provision Profit (PPP) is likely to rise by 34.3% Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 3,579.7 crore.
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