Net Interest Income (NII) is expected to increase by 16.6 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs. 429 crore, according to Kotak.
Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Banks/Diversified Financials sector. The brokerage house expects City Union Bank to report net profit at Rs. 179.5 crore up 18% year-on-year (up 0.8% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 16.6 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs. 429 crore, according to Kotak.
Pre Provision Profit (PPP) is likely to rise by 10.2% Y-o-Y (up 5.7 percent Q-o-Q) to Rs. 324.4 crore.
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