KR Choksey has come out with its second quarter (July-September’ 19) earnings estimates for the BFSI sector. The brokerage house expects ICICI Bank to report net profit at Rs. 2,237 crore up 146.1% year-on-year (up 17.2% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 21.4 percent Y-o-Y (up 0.7 percent Q-o-Q) to Rs. 7,792 crore, according to KR Choksey.
Pre Provision Profit (PPP) is likely to rise by 19.8% Y-o-Y to Rs. 6,287 crore.
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