Motilal Oswal has come out with its third quarter (October-December’ 20) earnings estimates for the Banks and Insurance sector. The brokerage house expects Kotak Mahindra Bank to report net profit at Rs. 1,920.7 crore up 20.4% year-on-year (down 12.1% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 15.8 percent Y-o-Y (up 1.5 percent Q-o-Q) to Rs. 3,188.6 crore, according to Motilal Oswal.
Pre Provision Profit (PPP) is likely to rise by 33.5% Y-o-Y (down 3.3 percent Q-o-Q) to Rs. 2,083.5 crore.
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