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HomeNewsBusinessEarningsRBL Bank Q3 profit seen up 38% at Rs 178 cr, NII growth may be around 44%

RBL Bank Q3 profit seen up 38% at Rs 178 cr, NII growth may be around 44%

If loan growth comes above 35 percent (35 percent in Q2), net interest margin above 3.4 percent (3.74 percent) and gross non-performing assets below 1.6 percent (1.44 percent) then that will be considered positive by the Street.

January 22, 2018 / 17:32 IST
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    Private sector lender RBL Bank' third quarter profit is expected to rise 38.3 percent to Rs 178 crore compared to Rs 128.7 crore in year-ago.

    Net interest income, the difference between interest earned and interest expended, may grow 43.6 percent year-on-year to Rs 461.8 crore for quarter ended December 2017, according to average of estimates of analysts polled by CNBC-TV18.

    The stock gained 0.65 percent during the quarter but rallied 52 percent in 2017, outperforming Nifty Bank that surged over 40 percent in last year.

    Key things to watch out:

    If loan growth comes above 35 percent (35 percent in Q2), net interest margin above 3.4 percent (3.74 percent) and gross non-performing assets below 1.6 percent (1.44 percent) then that will be considered positive by the Street.

    first published: Jan 22, 2018 05:32 pm

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