Dolat Capital has come out with its first quarter (April-June) earnings estimates for banking sector. The brokerage house expects HDFC Bank to report a 4 percent degrowth quarter-on-quarter (growth of 28 percent year-on-year) in net profit at Rs 1815.6 crore.
Net interest income is expected to increase by 1 percent Q-o-Q (up 24 percent Y-o-Y) to Rs 4320.2 crore, according to Dolat Capital. Dolat Capital report on HDFC Bank Net interest margin will see negligible decline while asset quality is expected to remain stable Q-o-Q. We expect loan and deposit growth of 24 percent Y-o-Y and 20 percent Y-o-Y, respectively.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
