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ING Vysya Bank's third quarter profit is expected to jump 14.4 percent year-on-year to Rs 191.4 crore supported by other income, according to the average of estimates of analysts polled by CNBC-TV18.
According to independent market expert Ambareesh Baliga, there is a further possibility of a correction in HUL. The business sentiment is high and the macros are improving but unless government starts spending, it will take some time for the investment cycle to really pick up.
Net interest income, the difference between interest earned and interest expended, may increase 10 percent to Rs 484 crore in the quarter ended September 2014 compared to Rs 440.34 crore in corresponding quarter of last fiscal.
ING Vysya Bank's management hopes to improve its net interest margins and expects a stable performance. It is also wary of stress on asset quality due to muted investment scenario and uncertainty till the general elections.
Shailendra Bhandari, MD & CEO, ING Vysya Bank says provision cover for the bank remains best in the indsutry at around 89%.
According to a CNBC-TV18 poll, profit after tax is expected to increase 7.4 percent year-on-year to Rs 161.4 crore and net interest income may surge 21 percent on yearly basis to Rs 448 crore in the quarter gone by.
According to Prabhudas Lilladher, ING Vysya Bank to report a 5.3 percent degrowth quarter-on-quarter (growth of 10.4 percent year-on-year) in net profit at Rs 165.9 crore.
According to Motilal Oswal, ING Vysya Bank may report a 0.7 percent degrowth quarter-on-quarter (growth of 15.8 percent year-on-year) in net profit at Rs 173.9 crore.
ING Vysya Bank's net interest income is seen going up by 25 percent to Rs 429 crore in June quarter from Rs 343 crore reported in a year ago period, according to analysts.
Motilal Oswal expects ING Vysya Bank to report a 0.8 percent growth quarter-on-quarter (growth of 32 percent year-on-year) in net profit at Rs 171.7 crore.
Dolat Capital expects ING Vysya Bank to report a 5 percent degrowth quarter-on-quarter (growth of 37 percent year-on-year) in net profit at Rs 178.3 crore.
Prabhudas Lilladher expects ING Vysya Bank to report a 6.8 percent degrowth quarter-on-quarter (growth of 21.9 percent year-on-year) in net profit at Rs 158.7 crore.
Motilal Oswal has come with its March`13 quarterly earning estimates for financial sector. The research firm expects reforms and monetary easing to continue, thereby growth is expected to revive gradually.
Shailendra Bhandari, MD & CEO, ING Vysya Bank explains on CNBC-TV18, after the announcement of quarterly results, that growth in NII led to an expansion in NIM to 3.61 percent. Advances grew 20 percent despite two large repayments from telco segment while deposits grew at 19 percent and the CASA was at 32 percent (y-o-y).
ING Vysya Bank is set to announce its results for the third quarter of financial year 2012-13 on Monday. Analysts on an average expect very strong numbers on all parameters from the bank. Profit after tax is likely to grow by 30 percent year-on-year to Rs 150 crore in the quarter, according to CNBC-TV18 poll.
In an interview to CNBC-TV18 Rajiv Mehta of IIFL India said that the broking firm is bullish on Indian banking sector particularly private banks.
Motilal Oswal has come with its December`12 quarterly earning estimates for banking sector. The research firm expects RBI to start cutting interest rates from 4QFY13.
Motilal Oswal has come with its September quarterly earning estimates for Financials sector. According to the research firm, banking coverage universe is expected to report healthy PAT growth of 19% YoY, largely driven by 23% YoY profit growth from private sector banks.
MD & CEO of ING Vysya Shailendra Bhandari says that the bank faced a few challenges in Q1 due to the interest rate scenario in the country
Private sector lender ING Vysya Bank will report its first quarter earnings today. Analysts on an average expect profit after tax to grow by 21% year-on-year to Rs 114 crore in the quarter ended June 2012.
Shailendra Bhandari of ING Vysya Bank says, net interest margins were lower due to priority sector lending in Q4. "If you look at the full year NIMs, for the last several years, it has been very steady around 3.25% to 3.3%. So, we don‘t see any reason why the pattern should break," he adds.
CNBC-TV18 poll expects ING Vysya Bank to report an increase of 32% year-on-year in its net profit at Rs 120.5 crore for the quarter ended March 2012.
ING Vysya Bank is set to declare its fourth quarter earnings on Tuesday. CNBC-TV18 poll expects the company to report an increase of 32% year-on-year in its net profit at Rs 120.5 crore for the quarter ended March 2012.
ING Vysya Bank has clocked net interest margin growth at 3.5% this quarter. Speaking to CNBC-TV18, Shailendra Bhandari, managing director and chief executive officer of the bank says that margins will stabilize at current levels going forward.
Private sector lender ING Vysya Bank is expected report a profit after tax of Rs 113 crore in the third quarter of FY12, a massive growth of 36% as compared to Rs 83 crore in the corresponding quarter of last fiscal.