Net Interest Income (NII) is expected to increase by 14 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 5,897.8 crore, according to Kotak.
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Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Banks/Diversified Financials sector. The brokerage house expects Axis Bank to report net profit at Rs. 1,694.6 crore up 142% year-on-year (up 13% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 14 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 5,897.8 crore, according to Kotak.
Pre Provision Profit (PPP) is likely to rise by 14% Y-o-Y to Rs. 4,994.3 crore.
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Read MoreFirst Published on Jul 11, 2019 01:31 pm
