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Last Updated : Jul 26, 2017 02:47 PM IST | Source: CNBC-TV18

Federal Bank Q1 profit seen up 49% at Rs 250 cr, loan growth may be above 25%

Net interest income, the difference between interest earned and interest expended, may grow 24.4 percent to Rs 852.3 crore from Rs 685 crore year-on-year.

 
 
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Federal Bank is expected to report 48.6 percent growth in profit at Rs 250.5 crore for the quarter ended June 2017, compared with Rs 168.6 crore in year-ago period.

Net interest income, the difference between interest earned and interest expended, may grow 24.4 percent to Rs 852.3 crore from Rs 685 crore year-on-year.

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Analysts said if slippages come below Rs 275 crore (against Rs 244 crore in Q4FY17), net interest margin above 3.2 percent (3.42 percent), loan growth above 25 percent (26.3 percent) and gross non-performing assets below 2.5 percent (2.33 percent) then that will be positive.

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First Published on Jul 26, 2017 09:03 am
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