Net Interest Income is expected to increase by 17 percent Y-o-Y (up 6 percent Q-o-Q) to Rs. 2,530 crore, according to KR Choksey.
KR Choksey has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Banking & Financial Services sector. The brokerage house expects Kotak Mahindra Bank to report net profit at Rs. 1,159.3 crore up 19% year-on-year (up 10% quarter-on-quarter).
Net Interest Income is expected to increase by 17 percent Y-o-Y (up 6 percent Q-o-Q) to Rs. 2,530 crore, according to KR Choksey.
KR Choksey’s earnings estimates for Kotak Mahindra Bank
Expect advances growth at 22% yoy, NII growth at 17%. Expect NIMs to stay largely stable. Expect cost structure to improve slightly as merger synergies continue to play-out. 811 expense will continue to weigh in though. Low stock of NPAs should result in lower credit costs compared to peers. Expect ROA to improve by 8 bps qoq to 1.8%.
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