Oct 24, 2017 07:54 PM IST | Source: CNBC-TV18
Kotak Mahindra Bank Q2 profit seen up 24%, loan growth may be around 15%
Analysts feel if net interest margin comes above 4.35 percent (against 4.5 percent in Q1FY18), loan growth above 15 percent (17.9 percent) and gross non-performing assets below 2.7 percent (2.58 percent) then that will be considered positive by the Street.
ByMoneycontrol News
Kotak Mahindra Bank's second quarter standalone profit is seen rising 23.5 percent year-on-year to Rs 1,004.4 crore.
Net interest income for the quarter is likely to increase 17.8 percent to Rs 2,350.6 crore compared with Rs 1,995.4 crore in same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.
Key things to watch out for:-
Analysts feel if net interest margin comes above 4.35 percent (against 4.5 percent in Q1FY18), loan growth above 15 percent (17.9 percent) and gross non-performing assets below 2.7 percent (2.58 percent) then that will be considered positive by the Street.
They expect low cost deposit flow to be strong for the bank.
