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Karur Vysya Bank Q3 net may dip 12%, loan growth may take a hit

Private sector lender Karur Vysya Bank's third quarter profit is seen falling 12.5 percent year-on-year to Rs 133.7 crore and net interest income may decline 10.2 percent to Rs 494.1 crore, according to average of estimates of analysts polled by CNBC-TV18.

January 25, 2017 / 11:15 AM IST
 
 
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Private sector lender Karur Vysya Bank's third quarter profit is seen falling 12.5 percent year-on-year to Rs 133.7 crore and net interest income may decline 10.2 percent to Rs 494.1 crore, according to average of estimates of analysts polled by CNBC-TV18.

Key things to watch out for would be loan growth, net interest margin and asset quality.

Analysts feel loan growth may take a hit. If net interest margin comes above 3.45 percent (against 3.61 percent in Q2) and gross non-performing assets below 2.5 percent (against 2.29 percent in Q2) then that will be taken positively.

Stressed assets may weigh in on the performance and amortisation of asset reconstruction companies sale losses could dent earnings growth, analysts feel.