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Last Updated : Jul 29, 2013 11:27 AM IST | Source: Moneycontrol.com

Syndicate Bank Q1 net seen up 18% at Rs 520cr: Nirmal Bang

Nirmal Bang expects Syndicate Bank to report a 12.2 percent degrowth quarter-on-quarter (growth of 18.3 percent year-on-year) in net profit at Rs 520.3 crore.

 
 
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Nirmal Bang has come out with its first quarter (April-June) earnings estimates for the banking sector. The brokerage house expects Syndicate Bank to report a 12.2 percent degrowth quarter-on-quarter (growth of 18.3 percent year-on-year) in net profit at Rs 520.3 crore.

Net interest income is expected to increase by 6.9 percent Q-o-Q (up 8.9 percent Y-o-Y) to Rs 1436.8 crore, according to Nirmal Bang.

First Published on Jul 29, 2013 11:27 am
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