ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Banking & Financial Services sector. The brokerage house expects Bandhan Bank to report net profit at Rs. 755.1 crore up 3.3% year-on-year (down 17.9% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 28.8 percent Y-o-Y (up 3.2 percent Q-o-Q) to Rs. 1,984 crore, according to ICICI Direct.
Pre Provision Profit (PPP) is likely to rise by 26.4% Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 1,637.9 crore.
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