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Last Updated : Apr 28, 2017 08:36 AM IST | Source: Moneycontrol.com

Lower base effect could boost Federal Bank’s Q4 net profit; NII seen at Rs 829.3 cr

According to analysts polled by CNBC-TV18 see the bank posting net profit of Rs 219.6 crore against Rs 10.3 crore, a rise of over 2,000 percent due to a lower base effect.

Mid-sized private sector lender, Federal Bank, is expected to post a huge jump in its March quarter net profit due to lower base effect.

According to analysts polled by CNBC-TV18 see the bank posting net profit of Rs 219.6 crore against Rs 10.3 crore, a rise of over 2,000 percent due to a lower base effect.

Meanwhile, net interest income was seen at Rs 829.3 crore against Rs 685.9 crore during the same period last year. This implies a rise of over 20 percent.

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Key things to watch:

Analysts polled by the channel said that slippages below Rs 300 crore will be a positive for the bank. For the third quarter of the current fiscal, it was reported at Rs 273 crore.

Net interest margin above 3.2 percent will also be a positive against 3.32 percent posted last quarter.

A loan growth above 25 percent should be a positive development, which was seen at 31.6 percent in Q3.

Furthermore, a GNPA below 3 percent will be positive as well, from 2.77 percent that was seen during the third quarter.
First Published on Apr 27, 2017 04:37 pm
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