Kotak Mahindra Bank Q3 Net Profit seen up 22.2% YoY to Rs. 1,949.4 cr: Prabhudas Lilladher

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Prabhudas Lilladher has come out with its third quarter (October-December’ 20) earnings estimates for the Banking sector. The brokerage house expects Kotak Mahindra Bank to report net profit at Rs. 1,949.4 crore up 22.2% year-on-year (down 10.8% quarter-on-quarter).

Net Interest Income (NII) is expected to increase by 14.6 percent Y-o-Y (up 0.4 percent Q-o-Q) to Rs. 3,928.7 crore, according to Prabhudas Lilladher.

Pre Provision Profit (PPP) is likely to rise by 30.9% Y-o-Y (up 5.2 percent Q-o-Q) to Rs. 3,126.2 crore.

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