Karur Vysya Bank Q2 PAT may dip 7% at Rs 123.5cr: Dolat Cap
According to Dolat Capital, Karur Vysya Bank to report a 3 percent growth quarter-on-quarter (down 7 percent Y-o-Y) in net profit at Rs 123.5 crore.
October 25, 2013 / 11:09 IST
Dolat Capital has come out with its second quarter (July-September) earnings estimates for the banking sector. The brokerage house expects Karur Vysya Bank to report a 3 percent growth quarter-on-quarter (down 7 percent Y-o-Y) in net profit at Rs 123.5 crore.
Net interest income of Karur Vysya Bank are expected to decrease by 4 percent Q-o-Q (up 12 percent Y-o-Y) to Rs 320.1 crore, according to Dolat Capital.Dolat Capital's Report on Karur Vysya Bank:Fresh NPL formations expected to trend down Q-o-Q, overall gross NPLs expected at around 1.4 percent.Loan growth is expected to be lower than historical average at 22 percent Y-o-Y. NIM should not see much pressure.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!
