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    HomeNewsBusinessEarningsHDFC Bank Q2 PAT seen up 6.3% to Rs 3443.3 cr: KR Choksey

    HDFC Bank Q2 PAT seen up 6.3% to Rs 3443.3 cr: KR Choksey

    Net Interest Income is expected to increase by 6.5 percent Q-o-Q (up 24 percent Y-o-Y) to Rs 8284.3 crore, according to KR Choksey.

    October 21, 2016 / 16:42 IST
     
     
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    KR Choksey has come out with its second quarter (July-September) earnings estimates for the Banking sector. The brokerage house expects HDFC Bank to report net profit at Rs 3443.3 crore, up 6.3 percent quarter-on-quarter.Net Interest Income is expected to increase by 6.5 percent Q-o-Q (up 24 percent Y-o-Y) to Rs 8284.3 crore, according to KR Choksey.

    KR Choksey's report on HDFC Bank

    Expect better than industry credit growth led by both retail and corporate segments which should translate into robust 24% NII growth y/y during the quarter. Healthy fee income traction and stable margins should continue to support bottom-line. Asset quality should remain stable for the quarter.
    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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    first published: Oct 21, 2016 04:40 pm

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