ICICIdirect.com has come out with its October-December earnings estimates for the banking sector. The brokerage house expects HDFC Bank to report a 17.5 percent growth quarter-on-quarter (up 25.3 percent Y-o-Y) in net profit at Rs 2329.8 crore.
Net interest income of HDFC Bank is expected to increase by 1.9 percent Q-o-Q (up 14.6 percent Y-o-Y) to Rs 4563.6 crore, according to ICICIdirect.com.
ICICIdirect.com on HDFC Bank:
Pace of PAT growth is expected to continue to be less than 30 percent for the second quarter now after Q2FY14 reporting 27 percent growth. Credit growth of 16.8 percent and deposit growth of 15.8 percent broadly in line with industry. Retail book NPA addition can surprise negatively. PAT seen at Rs 2330 crore, up 25.3 percent Y-o-Y and 17 percent Q-o-Q.
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