Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Banking sector. The brokerage house expects Punjab National Bank to report net profit at Rs. 434 crore up 41% year-on-year (down 26% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 19 percent Y-o-Y (up 16 percent Q-o-Q) to Rs. 8,031 crore, according to Sharekhan.
Pre Provision Profit (PPP) is likely to fall by 6% Y-o-Y (down 11 percent Q-o-Q) to Rs. 4,990 crore.
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