ICICIdirect.com has come out with its third quarter (October-December) earnings estimates for the banking sector. The brokerage house expects YES Bank to report a 10 percent growth quarter-on-quarter (up 19.3 percent Y-o-Y) in net profit at Rs 408.2 crore.
Net-interest income of YES Bank is expected to increase by 3.2 percent Q-o-Q (up 18.6 percent Y-o-Y) to Rs 693.3 crore, according to ICICIdirect.com.
ICICIdirect.com's Report on YES Bank:Expect NII growth to moderate to 19 percent Y-o-Y to Rs 693 crore. Business (credit+deposit) growth to also moderate to 20 percent Y-o-Y with advances increasing by 16 percent Y-o-Y to Rs 51153 crore.
Margins can witness compression of 10 bps to 2.8 percent. Best in class asset quality to stay. Provisions related to NPA as well as MTM to be lower compared to Q2FY14. Hence PAT growth seen of 19 percent Y-o-Y to Rs 408 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
