Private sector lender Federal Bank will announce its third quarter earnings (October-December) on Thursday. The bank is expected to report a 8.2 percent growth in profit after tax at Rs 248.75 crore for the quarter ended December 2014 compared to Rs 230 crore in the year-ago period, according to the average of estimates of analysts polled by CNBC-TV18.
Net interest income, the difference between interest earned and interest expended, may increase 12.2 percent to Rs 612 crore during October-December period from Rs 545.6 crore in same quarter last fiscal.
Analysts expect stable performance with no surprises from the bank in the quarter. Provisions need to be closely watched by the street as higher provisions may dent profits during the quarter.
Other income is expected to be supported by higher treasury income while growth is expected to pick up consolidation phase over last five-six quarters.
Reported net interest margin is expected to remain largely stable. Analysts expect asset quality to be maintained.
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