Moneycontrol
Last Updated : Jan 11, 2018 08:53 AM IST | Source: CNBC-TV18

IndusInd Bank may post more than 22% growth in Q3 profit, net interest income

Analysts expect loan growth at 23-25 percent for the quarter against 24.5 percent in previous quarter. Commercial vehicle loan book will be closely watched as it has been very good quarter for Ashok Leyland

IndusInd Bank is the second private sector lender to announce third quarter earnings on Thursday. Profit is expected to increase 24.1 percent to Rs 931.5 crore for the quarter ended December 2017.

The bank had reported net income at Rs 750.6 crore in year-ago quarter.

Net interest income, the difference between interest earned and interest expended, is seen growing 22 percent to Rs 1,926.1 crore from Rs 1,578.4 crore year-on-year, according to average of estimates of analysts polled by CNBC-TV18.

Key things to watch out:

Analysts expect loan growth at 23-25 percent for the quarter against 24.5 percent in previous quarter. Commercial vehicle loan book, which contributes nearly 18 percent to total loan book, will be closely watched as it has been very good quarter for Ashok Leyland.

Analysts feel if net interest margin comes above 3.8 percent (against 4 percent in Q2FY18), gross non-performing assets below 1.15 percent (1.08 percent) and credit cost below 20bps (17bps) then that will be taken positively by the Street.
First Published on Jan 11, 2018 08:25 am
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