Punjab National Bank Q2 profit seen down 33%, slippages could be below Rs 6,000 cr

Public sector lender Punjab National Bank's profit is likely to decline 33.3 percent year-on-year to Rs 366 crore for quarter ended September 2017.

Profit in year-ago quarter stood at Rs 549 crore.

Net interest income, the difference between interest earned and interest expended, is seen growing by 0.9 percent to Rs 3,913.2 crore compared with Rs 3,880 crore in same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

Key things to watch out for:-

Analysts feel if slippages come below Rs 6,000 crore, loan growth in double digits, and net interest margin & gross non-performing assets improve, then that will be taken positively by the Street.

Management commentary on capital raising from government will be seen closely.