ING Vysya Bank Q2 PAT seen up 10% at Rs 166 cr: P Lilladher
According to Prabhudas Lilladher, ING Vysya Bank to report a 5.3 percent degrowth quarter-on-quarter (growth of 10.4 percent year-on-year) in net profit at Rs 165.9 crore.
October 19, 2013 / 16:36 IST
Prabhudas Lilladher has come out with its second quarter (July-September) earnings estimates for the banking sector. The brokerage house expects ING Vysya Bank to report a 5.3 percent degrowth quarter-on-quarter (growth of 10.4 percent year-on-year) in net profit at Rs 165.9 crore.
Net-interest income of ING Vysya Bank is expected to increase by 0.2 percent Q-o-Q (up 15.6 percent Y-o-Y) to Rs 426.2 crore, according to Prabhudas Lilladher.Prabhudas Lilladher's Report on ING Vysya Bank:We expect PAT slowing down to 10 percent Y-o-Y (from around 20-30 percent range). NIM contraction could be around 10 bps Q-o-Q but full effect will be seen in Q3FY14. Network expansion will keep cost-income elevated. Though asset quality may not surprise in any way, we expect some normalization in this quarter from SME group.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. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
