Net Interest Income (NII) is expected to increase by 15.8 percent Y-o-Y (down 7.3 percent Q-o-Q) to Rs. 950 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 RBL Bank to report net profit at Rs. 110 crore down 57% year-on-year (up 0.4% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 15.8 percent Y-o-Y (down 7.3 percent Q-o-Q) to Rs. 950 crore, according to HDFC Securities.
Pre Provision Profit (PPP) is likely to rise by 16% Y-o-Y (down 6.1 percent Q-o-Q) to Rs. 720 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 07:48 pm