Private sector lender Kotak Mahindra Bank is expected to report a healthy 301 percent growth in standalone profit and 25.7 percent in net interest income for the quarter ended June 2016.
Profit is expected at Rs 761 crore the first quarter of FY17 against Rs 190 crore in year-ago period and net interest income may increase to Rs 2,009 crore from Rs 1,598 crore in same period, according to average of estimates of analysts polled by CNBC-TV18.
Net interest income is the difference between interest earned and interest expended.
Key things to watch for would be net interest margin, credit cost and gross non-performing assets.
If net interest margin comes above 4.2 percent (against 4.35 percent in Q4FY16), credit cost lower than 50 basis points (82 basis points in FY16) and GNPA below 2.45 percent (2.36 percent in Q4) then that might be taken positively by analysts.
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