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    HomeNewsBusinessEarningsCanara Bank Q2 profit seen down 9%, loan growth likely to be in single digit

    Canara Bank Q2 profit seen down 9%, loan growth likely to be in single digit

    If slippages come below Rs 2,500 crore (against Rs 5,511 crore in Q1FY18) then that will be taken positively by the Street, analysts feel.

    October 26, 2017 / 19:02 IST
       
       
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      Public sector lender Canara Bank's profit is expected to fall 8.7 percent year-on-year to Rs 325.7 crore for the quarter ended September 2017.

      Net interest income, the difference between interest earned and interest expended, may grow 14.7 percent to Rs 2,800.7 crore compared with Rs 2,442.4 crore on year-on-year basis, according to average of estimates of analysts polled by CNBC-TV18.

      Key things to watch out for:

      If slippages come below Rs 2,500 crore (against Rs 5,511 crore in Q1FY18) then that will be taken positively by the Street, analysts feel.

      Low cost deposits may aid in controlling cost of funds while credit cost may remain high owing to ageing of NPAs.

      Loan growth is expected to remain in single digits.

      first published: Oct 26, 2017 07:02 pm

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