ING Vysya Bank's third quarter profit is expected to jump 14.4 percent year-on-year to Rs 191.4 crore supported by other income, according to the average of estimates of analysts polled by CNBC-TV18.
Net interest income, the difference between interest earned and interest expended, may rise 23.2 percent to Rs 513 crore in the quarter ended December 2014 from Rs 416 crore in same quarter last fiscal.
NII is going to be supported by a low base in Q3FY14, when the bank saw an interest income reversal of Rs 25.7 crore. In that quarter, NII was up 3 percent Y-o-Y to Rs 416 crore.
Net interest margin of the private sector lender is expected to remain stable after recovering from the steep Q-o-Q fall in Q2.
Analysts expect above industry average loan growth. Loan growth in Q3FY14 moderated to 8 percent Y-o-Y and in Q2FY15 that was 20 percent.
Commentary on merger of ING Vysya Bank with Kotak Mahindra Bank is key to watch out for.
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