Kotak has come out with its third quarter (October-December’ 18) earnings estimates for the Banks & Diversified Financials sector. The brokerage house expects Yes Bank to report net profit at Rs. 1,037.8 crore down 3.6% year-on-year (down 7.6% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 18.1 percent Y-o-Y (down 7.7 percent Q-o-Q) to Rs. 2,230.6 crore, according to Kotak.
Pre Provision Profit (PPP) is likely to rise by 7.8% Y-o-Y (down 8.8 percent Q-o-Q) to Rs. 2,157.3 crore.
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