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HomeNewsBusinessEarningsIndusInd Bank Q2 profit, net interest income may increase over 25%

IndusInd Bank Q2 profit, net interest income may increase over 25%

According to average of estimates of analysts polled by CNBC-TV18, net interest income is seen rising 26.6 percent to Rs 1,848.3 crore compared with Rs 1,460.3 crore in same quarter last fiscal.

October 12, 2017 / 07:57 IST

IndusInd Bank is expected report a profit growth of 25.4 percent at Rs 883.5 crore for quarter ended September 2017, year-on-year.

The private sector lender's profit in year-ago quarter was at Rs 704.3 crore.

According to average of estimates of analysts polled by CNBC-TV18, net interest income is seen rising 26.6 percent to Rs 1,848.3 crore compared with Rs 1,460.3 crore in same quarter last fiscal.

Key things to watch out for:-

> Any announcement w.r.t. its deal with Bharat Financial as exclusivity period ended on October 11, 2017.

> Loan growth is expected at 25 percent for the quarter

> If net interest margin comes above 3.8 percent (against 4 percent in Q1FY18), gross non-performing assets slips below 1.15 percent (against 1.09 percent in Q1), and credit cost comes below 20 basis points (17 bps in Q1) then that may be taken positively by the Street.

first published: Oct 11, 2017 04:07 pm

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