ING Vysya Bank will announce its second quarter (July-September) results today. Analysts on an average expect the private sector lender to maintain its strong numbers. Its asset quality will be closely watched as there was slight deterioration in asset quality in June quarter (slippages in Q1 were Rs 140 crore, slightly higher than previous quarter).
According to a CNBC-TV18 poll, profit after tax is expected to increase 7.4 percent year-on-year to Rs 161.4 crore and net interest income may surge 21 percent on yearly basis to Rs 448 crore in the quarter gone by. What to watch out for
Net interest margin of the bank will be supported by funds raised through QIP (Rs 1,836 crore) during the quarter and preferential allotment (at the end of Q1FY14).
Fee income growth may be lower in the quarter gone by. Overall non interest income in Q1 was robust with a growth of 42 percent Y-o-Y.
Credit growth is expected to slow during September quarter.
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