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Indian Bank Q3 Net Profit to Rs. 257.3 cr: Emkay

Net Interest Income (NII) is expected to increase by 25.5 percent Y-o-Y (down 0.3 percent Q-o-Q) to Rs. 4,131.1 crore, according to Emkay.

January 20, 2021 / 06:48 PM IST
 
 
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Emkay has come out with its third quarter (October-December’ 20) earnings estimates for the BFSI sector. The brokerage house expects Indian Bank to report net profit at Rs. 257.3 crore (down 37.6% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 25.5 percent Y-o-Y (down 0.3 percent Q-o-Q) to Rs. 4,131.1 crore, according to Emkay.


Pre Provision Profit (PPP) is likely to rise by 3.8% Y-o-Y (down 2.4 percent Q-o-Q) to Rs. 2,923.6 crore.


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