PNB Q4 profit seen at Rs 378 cr, net interest income may grow 37%

Public sector lender Punjab National Bank is expected to turn profitable with fourth quarter net income at Rs 378.5 crore against net loss of Rs 5,367.1 crore in same quarter last fiscal.

According to average of estimates of analysts polled by CNBC-TV18, net interest income during the quarter is seen rising 37.3 percent to Rs 3,800.8 crore compared with Rs 2,767.7 crore in corresponding quarter of last fiscal.

Key things to watch out for would be management commentary on FY18 slippages and credit cost. Loan growth is expected to remain muted.

Any improvement in net interest margin and lower slippages trend will be considered positive by the Street.