Net Interest Income (NII) is expected to increase by 24.2 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 5,874.5 crore, according to Kotak.
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Kotak has come out with its fourth quarter (January-March’ 19) earnings estimates for the Banks/Diversified Financials sector. The brokerage house expects Axis Bank to report net profit at Rs. 1,588.1 crore down 5.5% quarter-on-quarter.
Net Interest Income (NII) is expected to increase by 24.2 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 5,874.5 crore, according to Kotak.
Pre Provision Profit (PPP) is likely to rise by 30.8% Y-o-Y (down 13.1 percent Q-o-Q) to Rs. 4,802.3 crore.
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Read MoreFirst Published on Apr 8, 2019 11:00 am
