Net Interest Income (NII) is expected to increase by 16.7 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 370 crore, according to HDFC Securities.
HDFC Securities has come out with its first quarter (April-June’ 20) earnings estimates for the BFSI sector. The brokerage house expects Kotak Mahindra Bank to report net profit at Rs. 1,370 crore up 1% year-on-year (up 8.4% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 16.7 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 370 crore, according to HDFC Securities.
Pre Provision Profit (PPP) is likely to rise by 13.9% Y-o-Y (up 0.2 percent Q-o-Q) to Rs. 2,730 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Read MoreFirst Published on Jul 27, 2020 07:34 pm