Private sector lender ING Vysya Bank, which will announce its earnings on Tuesday, is expected to report a 3 percent decline in profit after tax at Rs 171 crore in the second quarter of current financial year compared to Rs 176.3 crore in same quarter last year, according to the average of estimates of analysts polled by CNBC-TV18.
The bottomline may be impacted by higher provisions that surged 148.3 percent Y-o-Y to Rs 100.8 crore in Q1FY15.
Net interest income, the difference between interest earned and interest expended, may increase 10 percent to Rs 484 crore in the quarter ended September 2014 compared to Rs 440.34 crore in corresponding quarter of last fiscal.
Net interest margin is expected to be stable on sequential basis. NIM was down to 3.37 percent from 3.74 percent in Q1 Q-o-Q.
Asset quality will be closely watched as any signs of improvement or stability may be positive.
Loan growth could be above industry average while non-interest income growth may jump upto 25-28 percent on account of treasury gains and fee income.
Fee income growth may be 10 percent led by asset and liability related fee while treasury gains are expected to be at Rs 15 crore as against loss in the year-ago period.
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