RBL Bank Q1 Net Profit seen up 33% YoY to Rs. 253 cr: Sharekhan

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Sharekhan has come out with its first quarter (April-June’ 19) earnings estimates for the Banking & NBFC sector. The brokerage house expects RBL Bank to report net profit at Rs. 253 crore up 33% year-on-year (up 2.3% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 37.3 percent Y-o-Y (up 2.8 percent Q-o-Q to Rs. 759 crore, according to Sharekhan.

Pre Provision Profit (PPP) is likely to rise by 27.4% Y-o-Y (down 1.7 percent Q-o-Q) to Rs. 551 crore.

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